Weekly ASX small cap wrap: Who’s ready for the weekend?
News
News
Employment technology stock Nvoi Ltd (ASX: NVO) had a ripping week on the back of board and management changes and its quarterly report, up 250 per cent to 1.4c.
CEO Jennifer Maritz and company secretary Michael Bermeister are out, with John Winters stepping into the role of interim CEO on a salary of $120,000 per year.
Electric motorbike maker Vmoto (ASX: VMT) signed a deal with Italian motorcycle manufacturer Ducati, sending shares up 100 per cent to 1.4c this week.
Under the agreement, Vmoto will release “2-wheel electric vehicles” bearing the Ducati brand and label, which will be “marketed as a high-end, luxury product to consumers at a premium price”.
PainChek (ASX:PCK) got $5 million in funding from the Morrison government to undertake a trial of its pain recognition app in aged care homes across the country, pushing shares up 88 per cent 6.4c.
“A national trial of world-first artificial intelligence technology promises to reduce the pain suffered by people living with dementia,” read a statement from minister for senior Australians and aged care, Ken Wyatt.
Betmakers (ASX:TBH) picked up a $1.7 million investment from Vegas-based international betting and gaming industry investment firm, Tekkorp Capital.
Tekkorp will take a 20 per cent stake. Betmakers shares rose 84 per cent to 5.3c.
And two new contracts with the US government made for a great week for cyber crime fighter WhiteHawk (ASX:WHK), with shares up 37 per cent to 10.5c.
It picked up a subcontracting job to an unnamed government department on Wednesday and then on Friday picked up another, again unnamed, worth up to $428,000.
Here are the best performing ASX small cap stocks for Apr 29-May 3:
Swipe or scroll to reveal full table. Click headings to sort
Ticker | Name | Market cap | Price last Friday | Price this Friday | % change |
---|---|---|---|---|---|
NVO | NVOI LTD | $ 14,510,672 | 0.004 | 0.014 | 250 |
XPE | XPED LTD | $ 3,013,662 | 0.001 | 0.002 | 100 |
VMT | VMOTO LTD | $ 28,732,082 | 0.07 | 0.14 | 100 |
PCK | PAINCHEK LTD | $ 55,037,892 | 0.034 | 0.064 | 88 |
TBH | BETMAKERS HOLDINGS LTD/THE | $ 12,774,007 | 0.031 | 0.053 | 84 |
LSR | LODESTAR MINERALS LTD | $ 8,241,402 | 0.007 | 0.011 | 57 |
ARX | ARC EXPLORATION LTD | $ 4,923,893 | 0.13 | 0.19 | 50 |
ARO | ASTRO RESOURCES NL | $ 3,816,292 | 0.002 | 0.003 | 50 |
PCH | PROPERTY CONNECT HOLDINGS | $ 2,057,590 | 0.002 | 0.004 | 50 |
VPR | VOLT POWER GROUP LTD | $ 12,366,800 | 0.001 | 0.002 | 50 |
SRO | SHAREROOT LTD | $ 2,354,182 | 0.001 | 0.002 | 50 |
REF | REVERSE CORP LTD | $ 3,064,399 | 0.023 | 0.033 | 43 |
HNR | HANNANS LTD | $ 33,795,228 | 0.012 | 0.017 | 42 |
AER | AEERIS LTD | $ 6,799,063 | 0.086 | 0.12 | 40 |
OIL | OPTISCAN IMAGING LTD | $ 21,633,940 | 0.036 | 0.05 | 39 |
MSG | MCS SERVICES LTD | $ 3,375,802 | 0.013 | 0.017 | 38 |
GLL | GALILEE ENERGY LTD | $ 135,407,616 | 0.435 | 0.6 | 38 |
STN | SATURN METALS LTD | $ 13,560,000 | 0.175 | 0.24 | 37 |
WHK | WHITEHAWK LTD | $ 11,283,485 | 0.065 | 0.105 | 37 |
Apollo Tourism & Leisure (ASX:ATL) was a big loser, down 30 per cent to 57.5c, after telling investors its profit for the 2019 financial year would be 27 per cent lower than it forecast when it released its half-year results back in February.
At the time, Apollo said FY19 profit could be as high as $24 million, but now it says the maximum will be $19.5 million, which is only a sliver more than the $19.2 million it made in FY18.
Research house Morgans dropped its valuation of the company by 40 per cent, down to 84c, though it retained its Add rating.
Entek Energy (ASX:ETE) dropped 36 per cent to 0.7c this week after releasing its quarterly report, showing the company had $3.1 million in the bank.
Here are the worst performing ASX small cap stocks for Apr 29-May 3:
Swipe or scroll to reveal full table. Click headings to sort
Ticker | Name | Market cap | Price last Friday | Price this Friday | % change |
---|---|---|---|---|---|
BSM | BASS METALS LTD | $ 22,446,996 | 0.011 | 0.008 | -27 |
AEE | AURA ENERGY LTD | $ 10,864,805 | 0.013 | 0.010 | -28 |
MMR | MEC RESOURCES LTD | $ 1,709,340 | 0.007 | 0.005 | -29 |
ATL | APOLLO TOURISM & LEISURE LTD | $ 120,067,336 | 0.920 | 0.575 | -30 |
LNY | LANEWAY RESOURCES LTD | $ 33,120,594 | 0.013 | 0.009 | -31 |
GLA | GLADIATOR RESOURCES LTD | $ 1,469,334 | 0.002 | 0.001 | -33 |
ADV | ARDIDEN LTD | $ 3,362,761 | 0.003 | 0.002 | -33 |
VAR | VARISCAN MINES LTD | $ 1,271,074 | 0.002 | 0.001 | -33 |
UTR | ULTRACHARGE LTD | $ 3,750,189 | 0.006 | 0.005 | -33 |
GLV | GLOBAL VANADIUM LTD | $ 5,658,960 | 0.003 | 0.002 | -33 |
IBN | IBUYNEW GROUP LTD | $ 697,392 | 0.048 | 0.027 | -33 |
TOM | TOMIZONE LTD | $ 1,700,803 | 0.006 | 0.004 | -33 |
EM1 | EMERGE GAMING LTD | $ 12,456,296 | 0.029 | 0.021 | -34 |
UNL | UNITED NETWORKS LTD | $ 1,635,724 | 0.020 | 0.013 | -35 |
FSG | FIELD SOLUTIONS HOLDINGS LTD | $ 7,740,260 | 0.028 | 0.018 | -36 |
DME | DOME GOLD MINES LTD | $ 41,133,928 | 0.235 | 0.150 | -36 |
ETE | ENTEK ENERGY LTD | $ 3,428,103 | 0.011 | 0.007 | -36 |
MRD | MOUNT RIDLEY MINES LTD | $ 2,332,864 | 0.002 | 0.001 | -50 |
T3D | 333D LTD | $ 881,226 | 0.002 | 0.001 | -50 |