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ASX Small Cap Winners May 11-18

Vitamin maker Star Combo Pharma (ASX:S66) made a spectacular ASX debut this week, joining a health supplements sector that looks to be in rude health.

The stock reached 79c on debut Wednesday — and just kept going.

It finished Friday at $1.21 — a 142 per cent jump for the week — earning our award for the week’s best performing small cap.

Star Combo raised $5.8 million selling 11.6 million shares at 50c and another $1.2 million selling 2.5 million shares to Chinese early stage investor Richlink Capital at 47c.

More than 3.4 million shares changed hands in its first day of trade. There are about 75.5 million shares on issue.

While $2 billion Blackmores (ASX:BKL) is the sector’s large cap bellwether, there are more than 15 ASX-listed small caps offering exposure to vitamins and health supplements.

Another recent ASX debutante — formerly named Mintails, now known as Orminex (ASX:ONX) — also had a great week.

Last week the prospective gold explorer opened at a 66 per cent premium to its recent $7 million capital raising issue price of 3c per share.

The explorer has partnered with GBF Mining and struck a deal to buy interests in two West Australian gold projects.

The stock kept going this week, closing on Friday at 14c — a 103 per cent gain for the week.

Investors liked the newly slimmed-down look of retailer Specialty Fashion Group (ASX:SFH) after fellow retailer Noni B (ASX:NBL) agreed to buy its Millers, Katies, Crossroads, Autograph and Rivers brands for $31 million cash.

Speciality shares jumped 84 per cent to 70c. Noni put on 22 per cent to $2.87.

Specialty will retain the City Chic business, said to be “the most profitable brand in the portfolio” with expected EBITDA earnings of $19 million to $20 million this financial year.

The deal makes Noni B one of the biggest specialty women’s apparel retailers in Australia, with 1350 stores across nine brands — including Noni B Group’s existing brands Noni B, Rockmans, W.Lane and BeMe.

Noni B Group’s total annual sales would almost treble to around $1 billion following the deal said Noni B boss Scott Evans.

Bobblehead maker 3DDD (ASX:T3D) jumped 67 per cent to 0.5c after announcing it would start selling NRL bobbleheads before the State of Origin series next month.

There must have been a rush of interest from NSW fans after Queensland Cameron Smith unexpectedly announced his retirement from representative football this week.

The 3D printer-turned-toy maker won a licence to make and sell 3D printed rugby league figurines — alongside existing AFL and cricket Australia figures — until October 2020.

“We’re planning on launching the NRL State of Origin side in a couple of weeks,” director Tim Naylor told Stockhead.

“Our aim is to try and match what our [sales] targets are for the AFL. For that, we’re trying to target between 5000 and 8000 units for the year.”

Cobalt explorer Corazon Mining (ASX:CZN) went for a run after proving it could produce battery-grade cobalt from its Mount Gilmore project in New South Wales.

Investors loved the news, sending Corazon’s  share price up 22 per cent to 1.1c for the week.

Corazon says metallurgical test work has delivered a “high-grade cobalt concentrate with the potential to supply the emerging global battery technology sector”.

The company produced high purity cobalt sulphate of 99.8 per cent to 99.9 per cent.

The battery-grade cobalt has been produced via conventional processing – meaning no costly alternative processing solutions are needed.

Here are the best performing ASX small cap stocks for May 11-18:

Swipe or scroll to reveal the full table. Best viewed on a laptop or desktop:

ASX codeCompanyWeekly price changePrice May 18Market Cap
S66STAR COMBO (listed Wed)1.421.2175.1M
ONXORMINEX1.028985507250.1472.4M
FCRFERRUM CRESCENT10.0026.1M
BDIBLINA MINERALS N10.0024.3M
AJCACACIA COAL10.0023.2M
SFHSPECIALTY FASHIO0.8421052631580.7133.6M
ENTENTERPRISE METAL0.7857142857140.0257.8M
AURAURIS MINERALS0.7321428571430.09740.8M
ICIICANDY INTERACTI0.6666666666670.0718.3M
T3D333D0.6666666666670.0054.4M
KGMKALNORTH GOLD MI0.6666666666670.019.8M
EVSENVIROSUITE0.5952380952380.06714.5M
ACGATCOR MEDICAL0.50.0337.2M
VPRVOLT POWER GROUP0.50.00316.5M
APGAUSTPAC RES0.50.0035.1M
XAMXANADU MINES0.4838709677420.23123.7M
IPBIPB PETROLEUMI0.4666666666670.0222.7M
DVLDORSAVI0.4166666666670.1728.5M
POHPHOSPHAGENICS0.4166666666670.01722.1M
ZMIZINC OF IRELAND0.40.0078.4M
IHRINTELLIHR HOLDIN0.40.2119.7M
SRISIPA RESOURCES0.3750.01112.1M
OMTOMNI MARKET TIDE0.3636363636360.033.9M
HE8HELIOS ENERGY0.3571428571430.05775.0M
LRMLUSTRUM MINERALS0.350.1355.4M
SIESCIGEN-CUFS0.3333333333330.03217.7M
COMCOMOPS0.3333333333330.01612.9M
WKTWALKABOUT RESOUR0.3157894736840.12530.9M
MRCMINERAL COMMODIT0.30.26100.4M
WFEWINMAR RESOURCES0.30.02658.2M

 

ASX Small Cap Losers May 11-18

Lithium explorer Reedy Lagoon (ASX:RLC) dropped 47 per cent to 1c for the week after revealing it had come up empty-handed again in drilling in Nevada.

The junior explorer told investors that drilling at the Big Smoky South project had stopped at a depth of 401m after intersecting sediments beneath the geological horizons prospective for lithium-bearing brines.

Reedy is drilling for lithium in brine deposits.

Lithium brine deposits are found in salt lakes and play an important role in the world’s supply of lithium. In 2015, sub-surface brines yielded about half the world’s lithium production.

Robo parking cop Smart Parking (ASX:SPZ) lost 40 per cent for the week after revealing it acted on whistle blower information in the sacking of two of its top UK execs for breaches of corporate policies.

The stock plunged from 46c to 20c after the announcement — but recovered to close at 30.5c for the week after boss Paul Gillespie described the events leading up to the termination of its UK chief and financial officer in an investor conference call.

Smart Parking makes smart phone technology that can direct drivers to empty car spaces — but also instantly identifies when a driver has overstayed a time limit, leading to huge jumps in parking fine revenue.

“The Board recently became aware that the CEO and CFO of the UK business were not operating in good faith and there was evidence they had breached a number of their employment conditions, including in relation to their entitlements and the amount of time they were spending in the business,” Mr Gillespie said.

Here are the worst performing ASX small cap stocks for May 11-18:

Swipe or scroll to reveal the full table. Best viewed on a laptop or desktop:

ASX codeCompanyWeekly price changePrice May 18Market Cap
NVONVOI-0.5263157894740.0094.1M
BSPBLACK STAR PETRO-0.50.0011.1M
RLCREEDYAGOON-0.4736842105260.014.4M
AIYAUTHORISED INVES-0.4642857142860.07516.8M
GESGENESIS RESOURCE-0.4285714285710.0087.8M
SPZSMART PARKING-0.396039603960.30593.4M
ANRANATARAIFESCIE-0.3840830449830.8946.7M
BOABOADICEA RESOURC-0.3555555555560.1459.5M
WCNWHITE CLIFF MINE-0.3333333333330.00211.5M
SDVSCIDEV-0.3333333333330.0063.0M
RMTRMA ENERGY-0.3333333333330.0026.3M
MNBMINBOS RESOURCES-0.3333333333330.00214.1M
IDOINDO MINES-0.3333333333330.015.4M
MTHMITHRIL RESOURCE-0.30.0142.2M
SMISANTANA MINERALS-0.2941176470590.0123.8M
LCKLEIGH CREEK ENER-0.2926829268290.14570.7M
MBOMOBILARM-0.2857142857140.014.9M
KKLKOLLAKORN CORP-0.2857142857140.011.5M
BITBIOTRON-0.2692307692310.0198.1M
XPEXPED-0.250.0034.5M
VARVARISCAN MINES-0.250.0032.6M
AKNAUKING MINING-0.250.0032.8M
YBRYELLOW BRICK ROA-0.240.09527.4M
JRLJINDALEE RESOURC-0.240.196.6M
MTCMETALSTECH-0.2368421052630.14518.5M
SVHSILVER HERITAGE-0.2368421052630.05832.3M
SI6SIX SIGMA METALS-0.2352941176470.0136.4M
AXPAIRXPANDERS-CDI-0.2307692307690.130.2M
SCLSCHROLE GROUP-0.2307692307690.017.0M
GTRGTI RESOURCES-0.2250.0313.3M