Weekly ASX small cap wrap: who marched for action this week?

ASX small cap winners May 20-24

LBT Innovations (ASX:LBT) had a big week, up 129 per cent to 16c, thanks to its half-owned joint venture Clever Culture Systems receiving FDA clearance for an instrument that can process 200 culture plates an hour and see which are growing bacteria. It was the last hurdle in order to start selling in the US.

CCP Technologies (ASX:CT1) was next best, up 70 per cent to 2c. It followed a sale announcement yesterday (shares up 60 per cent) with news that one of their low-temperature devices has passed Monash University testing (shares up 54 per cent). That suggests its disastrous foray into cryptocurrency last year and shedding of executives has been forgiven.

Underwater tech company UUV Aquabotix (ASX: UUV) rose 57 per cent this week to 1.2c after signing another deal with the US military.

The defence force with the world’s largest military budget has taken a liking to UUV’s SwarmDivers — miniature vehicles which can be deployed in underwater diving operations.

The company said it’s been awarded a contract of around $150,000, which marks the US military’s fourth SwarmDiver order since April 2018.

Also rocketing higher was Flamingo AI (ASX:FGO), which briefly doubled on news of a commercial deal with HSBC. Shares ended the week up 42 per cent to 0.9c.

After trialling a virtual AI assistant designed by Flamingo, the Hong Kong-based banking multinational has signed the Aussie company up to build them the real thing.

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Here are the best performing ASX small cap stocks for May 20-24:

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Ticker	Name	Price	% Chg	Market cap
LBT	LBT INNOVATIONS LTD	0.16	1.29	32.15M
RXH	REWARDLE HOLDINGS LTD	0.004	1	2.11M
CT1	CCP TECHNOLOGIES LTD	0.02	0.7	7.58M
PPK	PPK GROUP LTD	2.26	0.68	183.94M
DTM	DART MINING NL	0.008	0.6	8.09M
FRM	FARM PRIDE FOODS LTD	0.32	0.6	17.66M
UUV	UUV AQUABOTIX LTD	0.012	0.57	1.95M
ANL	AMANI GOLD LTD	0.003	0.5	11.07M
MDI	MIDDLE ISLAND RESOURCES LTD	0.006	0.5	6.28M
LCY	LEGACY IRON ORE LTD	0.003	0.5	4.40M
LNU	LINIUS TECHNOLOGIES LTD	0.04	0.48	43.51M
AER	AEERIS LTD	0.19	0.48	10.48M
PBX	PACIFIC BAUXITE LTD	0.02	0.45	6.35M
AND	ANDROMEDA METALS LTD	0.014	0.44	17.62M
TDL	TBG DIAGNOSTICS LTD	0.05	0.43	10.88M
MCT	METALICITY LTD	0.01	0.43	6.02M
FGO	FLAMINGO AI LTD	0.0085	0.42	9.52M
FTT	FACTOR THERAPEUTICS LTD	0.006	0.38	5.74M
CGO	CPT GLOBAL LIMITED	0.004	0.36	7.19M

ASX small cap losers May 20-24

On the other end of the spectrum, fintech software platform Intiger Group (ASX: IAM) got smashed after a deal with Commonwealth Bank fell through.

The company said its financial planning software met all of the standards and metrics agreed to between the two parties, however it was “unable to negotiate an ongoing commercial agreement”. Shares in Intiger fell 71 per cent to 0.2 cents.

Here are the worst performing ASX small cap stocks for May 20-24:

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Ticker	Company	Price	% Chg	Market cap
QGL	Quantum Graphite Ltd	0.002	-33%	$15.1m
GLA	Gladiator Resources Ltd	0.001	-33%	$1.5m
RD1	Registry Direct Ltd	0.03	-30%	$3.6M
MGT	Magnetite Mines Ltd	0.005	-29%	$4.0M
AKN	Auking Mining Ltd	0.0015	-25%	$1.4M
RAG	Ragnar Metals Ltd	0.007	-22%	$2.2M
GTG	Genetic Technologies Ltd	0.007	-22%	$19.0M
JJF	Jiajiafu Modern Agriculture Ltd	0.04	-20%	$3.4M
TRL	Tanga Resources Ltd	0.002	-20%	$2.5M
MHC	Manhattan Corp Ltd	0.004	-20%	$3.0M
MBK	Metal Bank Ltd	0.01	-20%	$7.1M
CIO	Connected IO Ltd	0.002	-20%	$3.6M
AUT	Auteco Minerals Ltd	0.004	-20%	$4.0M
IMC	Immuron Ltd	0.16	-18%	$22.2M
HHM	Hampton Hill Mining NL	0.01	-18%	$4.1M
GTE	Great Western Exploration Ltd	0.004	-17%	$3.9M
TMX	Terrain Minerals Ltd	0.0025	-17%	$1.6M
NAE	New Age Exploration Ltd	0.005	-17%	$4.4M
HIP	Hipo Resources Ltd	0.01	-17%	$3.9M
ANL	Amani Gold Ltd	0.0025	-17%	$9.2M
ADX	ADX Energy Ltd	0.005	-17%	$6.1M
AAU	Adcorp Australia Ltd	0.01	-17%	$4.6M