Weekly ASX small cap wrap: Who’s been working for a strip club this week?
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News
Leading the news this week is the revelation that cancer faker Belle Gibson worked the computers for a Brunswick, Melbourne, strip club in 2016 after her business was revealed to be based on a fraud.
She wasn’t a stripper, but was the organisational back bone behind the Australia Adult Industry Awards.
Also, someone has renamed all of the parks in a Perth suburb after characters from the US version of The Office.
Dwight Schrute park and Jim Halpert reserve are slightly to the south-east of Pam Beesly reserve in Port Kennedy, both of which come recommended with two five star Google reviews each.
Read on to find out where it’s going next (spoiler alert: probably up).
Orion Metals (ASX:ORM) dished a quarterly and an annual report this week which generated exactly zero chatter amongst the online forums but did create some buzz on the market, as the share price moved from an almost-rock bottom 0.8c to 0.2c.
The 150 per cent share price spike is all the more surprising given the company is not actually doing anything.
No “on ground exploration” is happening at any of its four tenements, but Orion is at least talking to the Kimberley Land Council and the Tjurabalan Native Title Land Aboriginal Corporation to start some work this year at the Tanami West rare earths and gold project.
The flavour of the week in marijuana was Botanix Pharma (ASX:BOT). It released research showing cannabis does in fact help with inflammation and can act as an antibiotic against the worst of the worst superbugs.
Neither of these are news to avid pot fans as cannabis is already hyped as a treatment for both (as well as almost every other ailment on the planet), but there is a dearth of data around the medicinal properties of the plant so this kind of research is pretty important.
If the gold price has spiked, the price of iron ore has been stronger for longer.
Yet Legacy Iron Ore’s (ASX:LCY) news this week, the piece that likely sent its shares up 67 per cent, was that the company has started drilling for nickel at its Mt Bevan iron ore project, so go figure.
Here are the best performing ASX small cap stocks for June 17-21:
Swipe or scroll to reveal full table. Click headings to sort
Ticker | Name | Price last Friday | Price this Friday | % change | Market Cap |
---|---|---|---|---|---|
ORM | ORION METALS LTD | 0.008 | 0.020 | 150 | $9,561,949 |
AHK | ARK MINES LTD | 0.007 | 0.013 | 86 | $664,683 |
LCY | LEGACY IRON ORE | 0.003 | 0.005 | 67 | $5,873,056 |
OKR | OKAPI RESOURCES | 0.100 | 0.165 | 65 | $4,464,572 |
STN | SATURN METALS LT | 0.215 | 0.335 | 56 | $20,683,930 |
CHK | COHIBA MINERALS | 0.009 | 0.014 | 56 | $8,639,985 |
TOM | TOMIZONE LTD | 0.002 | 0.003 | 50 | $1,275,602 |
TMX | TERRAIN MINERALS | 0.002 | 0.003 | 50 | $1,931,196 |
RXH | REWARDLE HOLDING | 0.004 | 0.006 | 50 | $3,157,929 |
RCP | REDBANK COPPER L | 0.010 | 0.014 | 40 | $1,637,606 |
BOT | BOTANIX PHARMACE | 0.130 | 0.180 | 39 | $158,491,280 |
EQE | EQUUS MINING LTD | 0.008 | 0.011 | 38 | $9,870,045 |
POD | PODIUM MINERALS | 0.067 | 0.092 | 37 | $8,801,177 |
DCN | DACIAN GOLD LTD | 0.440 | 0.610 | 37 | $133,170,904 |
RMG | RMG LTD | 0.011 | 0.015 | 36 | $9,237,973 |
BRN | BRAINCHIP HOLDIN | 0.069 | 0.094 | 36 | $82,936,848 |
UWL | UNITI WIRELESS L | 1.310 | 1.760 | 34 | $249,222,736 |
DRE | DREADNOUGHT RESO | 0.003 | 0.004 | 33 | $4,437,926 |
AKN | AUKING MINING LT | 0.002 | 0.002 | 33 | $1,398,876 |
GLV | GLOBAL VANADIUM | 0.002 | 0.002 | 33 | $2,829,480 |
AZI | ALTA ZINC LTD | 0.003 | 0.004 | 33 | $7,286,537 |
ABL | ABILENE OIL AND | 0.003 | 0.004 | 33 | $1,590,457 |
1ST | 1ST GROUP LTD | 0.049 | 0.065 | 33 | $21,678,554 |
MOY | MILLENNIUM MINER | 0.059 | 0.078 | 32 | $58,818,312 |
OKU | OKLO RESOURCES L | 0.125 | 0.165 | 32 | $55,002,512 |
E25 | ELEMENT 25 LTD | 0.174 | 0.230 | 31 | $20,679,136 |
LSH | LIFESPOT HEALTH | 0.069 | 0.090 | 30 | $6,981,181 |
FIN | FIN RESOURCES LT | 0.010 | 0.013 | 30 | $3,791,988 |
BCN | BEACON MINERALS | 0.020 | 0.026 | 30 | $62,819,664 |
MPW | MSL SOLUTIONS LT | 0.100 | 0.130 | 30 | $32,479,248 |
ANR | ANATARA LIFESCIE | 0.200 | 0.260 | 30 | $12,600,375 |
PVL | POWERHOUSE VENTU | 0.050 | 0.065 | 30 | $1,905,262 |
Clearly someone got wind of the news at Avenira (ASX:AEV), which went into a death spiral falling 54 per cent this week before hitting a trading halt.
The phosphate miner has been waiting on $11m-14m worth of funding to keep the wheels spinning and hopes to have some news to share on Monday.
Silver Chef (ASX:SIV) had to extend an exclusivity period twice this week as it waits for the company that’s supposed to be acquiring it to cobble together some cash.
Silver Chef has been in breach of its own loan conditions for months, and the Next Capital takeover was supposed to dig its creditors out of a hole.
But Next, Next’s own lenders, and Silver Chef’s creditors haven’t been able to agree on a recapitalisation plan yet.
Here are the worst performing ASX small cap stocks for June 17-21:
Swipe or scroll to reveal full table. Click headings to sort
Ticker | Name | Price last Friday | Price this Friday | % change | Market Cap |
---|---|---|---|---|---|
PCL | PANCONTINENTAL | 0.002 | 0.0015 | -25 | $8,110,073.00 |
GPP | GREENPOWER ENERG | 0.002 | 0.0015 | -25 | $3,886,414.25 |
MLS | METALS AUSTRALIA | 0.002 | 0.0015 | -25 | $5,854,395.50 |
SRN | SUREFIRE RESOURC | 0.004 | 0.003 | -25 | $1,509,460.88 |
SMI | SANTANA MINERALS | 0.004 | 0.003 | -25 | $2,025,598.50 |
UNL | UNITED NETWORKS | 0.016 | 0.012 | -25 | $1,509,899.38 |
AVW | AVIRA RESOURCES | 0.004 | 0.003 | -25 | $3,000,000.00 |
CUX | CROSSLAND STRATE | 0.008 | 0.006 | -25 | $6,069,878.50 |
RIM | RIMFIRE PAC MNG | 0.004 | 0.003 | -25 | $3,208,854.25 |
JPR | JUPITER ENERGY L | 0.015 | 0.011 | -27 | $1,687,154.63 |
IDZ | INDOOR SKYDIVING | 0.015 | 0.011 | -27 | $1,503,661.63 |
NME | NEX METALS EXPLO | 0.015 | 0.011 | -27 | $2,120,220.75 |
ADR | ADHERIUM LTD | 0.036 | 0.026 | -28 | $4,342,399.00 |
GME | GME RESOURCES LT | 0.06 | 0.043 | -28 | $21,768,446.00 |
MQR | MARQUEE RESOURCE | 0.135 | 0.096 | -29 | $4,231,684.00 |
KKL | KOLLAKORN CORP L | 0.017 | 0.012 | -29 | $2,517,326.25 |
IBN | IBUYNEW GROUP LT | 0.026 | 0.018 | -31 | $457,663.59 |
GCR | GOLDEN CROSS RES | 0.026 | 0.018 | -33 | $1,829,200.13 |
MGT | MAGNETITE MINES | 0.006 | 0.004 | -33 | $3,194,599.25 |
RNX | RENEGADE EXPLORA | 0.003 | 0.002 | -33 | $1,425,253.25 |
XST | XSTATE RESOURCES | 0.003 | 0.002 | -33 | $2,280,981.75 |
AUH | AUSTCHINA HOLDIN | 0.006 | 0.004 | -33 | $4,461,540.00 |
EER | EAST ENERGY RESO | 0.003 | 0.002 | -33 | $6,401,974.00 |
FAM | FAMILY INSIGHTS | 0.0015 | 0.001 | -33 | $2,500,000.00 |
SAN | SAGALIO ENERGY L | 0.003 | 0.002 | -33 | $409,320.25 |
OLV | OTHERLEVELS HOLD | 0.011 | 0.007 | -36 | $2,007,889.75 |
KTE | K2 ENERGY LTD | 0.011 | 0.007 | -36 | $2,104,600.00 |
OLH | OLDFIELDS HLDGS | 0.055 | 0.035 | -36 | $2,876,167.00 |
CLA | CELSIUS RESOURCE | 0.064 | 0.038 | -41 | $28,774,288.00 |
FRX | FLEXIROAM LTD | 0.027 | 0.016 | -41 | $3,873,335.25 |
SIV | SILVER CHEF LTD | 0.0595 | 0.3 | -50 | $13,940,110.00 |
PSM | PENINSULA MINES | 0.004 | 0.002 | -50 | $1,985,744.13 |
AEV | AVENIRA LTD | 0.013 | 0.006 | -54 | $6,351,769.50 |