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ASX Small Cap Winners Aug 31-Sep 7

Tiny Papua New Guinea gold explorer Niuminco Group (ASX:NIU) doubled to 0.2c this week after telling investors that exploration at its Edie Creek mine revealed increased gold and silver potential.

It was welcome news for the ASX junior, which earlier this week revealed it received a wind-up notice, lost two exploration permits and was facing cash flow issues.

Applications for extensions of two permits separate to Edie Creek had been rejected. The company (ASX:NIU) was considering whether to re-apply for the tenements.

Managing director Tracey Lake told Stockhead they still have a “highly prospective” tenement called Iku Hill where they may look at accelerating exploration.

Consolidated Zinc (ASX:CZL) was on the move, jumping 87 per cent to 1.5c, after announcing it had started mining at its Plomosas zinc, lead and silver site in northern Mexico.

The stock reached its highest point since the start of the year when it resolved to remove one of its board members.

Property investor Desane Group (ASX:DGH) rose 36 per cent to $1.50 after it announced the sale of a Sydney property to the government’s Roads and Maritime Service.

It has been quite the saga. Back in August last year, the RMS offered $18.4 million, market value, for the compulsory acquisition of the property.

But Desane wanted $100 million in compensation and took it to the Supreme Court. Its chairman Professor John Sheehan told Stockhead at the time that they’d happened to pick a fight with a property rights expert.

The matter has finally been resolved, with the RMS paying $78 million for the property.

Newly listed solar window maker ClearVue (ASX:CPV) moved ahead 24 per cent to 44c after posting a 784 per cent upturn in full-year revenue, making $504,919 compared with just $57,000 a year earlier.

ClearVue’s  technology allows sun going through glass windows to be converted into energy.

ClearVue listed on the ASX back in May after launching a $6 million IPO to fund its operations.

The company’s full-year loss, however, ballooned to $3.4 million which was 158 per cent worse than in 2017, largely due to costs and expenses blowing out by 183 per cent to $3.9 million.

ClearVue said it had “successfully moved forward on multiple fronts” since listing and was looking ahead to a watershed year.

Coughing app maker ResApp (ASX:RAP) gained 20 per cent to 23.5c following positive results from an Australian paediatric study aimed at diagnosing respiratory disease using a smart phone app.

“Even with all the information available to us in a modern, well-equipped hospital we still face difficulties in diagnosing childhood respiratory diseases,” said study investigator Dr Paul Porter.

“These excellent prospective results, obtained without the need to examine the patient or perform investigations, will give clinicians significantly more confidence in their diagnosis of respiratory disease, especially in tele-health and emergency department settings.”

We’re still awaiting news on its stop-start American trial — the one that failed last year.

Here are the best performing ASX small cap stocks for Aug 31-Sep 7:

Swipe or scroll to reveal full table. Click headings to sort

ASX codeCompanyThis week's price changePrice Sep 7Market Cap
NIU NIUMINCO GROUP L10.0022.7M
AJC ACACIA COAL 10.0022.0M
CZL CONSOLIDATED ZIN0.8750.01512.7M
MMR MEC RESOURCES LT0.5833333333330.0194.8M
8IH 8I HOLDINGS-CDI0.50.16560.0M
VAR VARISCAN MINES L0.50.0033.7M
SBU SIBURAN RESOURCE0.50.0032.1M
GLA GLADIATOR RESOUR0.50.0032.6M
DDT DATADOT TECHNOLO0.50.0032.4M
ABV ADVANCED BRAKING0.50.0039.6M
TRM TRUSCOTT MINING0.50.0151.7M
DGR DGR GLOBAL 0.4880952380950.12570.5M
4CE FORCE COMMODITIE0.440.03614.8M
RIM RIMFIRE PAC MNG0.40.01411.3M
E2E EON NRG 0.40.0072.8M
CXZ CONNEXION MEDIA0.40.0075.1M
DGH DESANE GROUP0.3636363636361.544.2M
AO1 ASSETOWL 0.3448275862070.0393.5M
SBB SUNBRIDGE GROUP0.3333333333330.0125.7M
RMG RMG 0.3333333333330.0168.4M
MLS METALS AUSTRALIA0.3333333333330.0049.4M
LNY LANEWAY RESOURCE0.3333333333330.00412.3M
POH PHOSPHAGENICS LT0.3157894736840.02539.4M
VEC VECTOR RESOURCES0.31250.02123.6M
MKG MAKO GOLD 0.2916666666670.1559.8M
KTD KEYTONE DAIRY CO0.2872340425530.60580.3M
ONE ONEVIEW HEAL-CDI0.2857142857141.35103.5M
SMD SYNDICATED METAL0.2857142857140.0095.7M
FPL FREMONT PETROLEU0.2857142857140.0096.2M
BIT BIOTRON 0.2857142857140.0188.5M
SVH SILVER HERITAGE0.2692307692310.03319.4M
KOR KORAB RESOURCES0.2692307692310.0339.4M
CPV CLEARVUE TECHNOL0.2571428571430.4437.5M
TPD TALON PETROLEUM0.250.0054.6M
CLZ CLASSIC MINERALS0.250.0059.7M
LVE LOVE GROUP GLOBA0.2285714285710.0864.1M
RDF REDFLEX HLDG 0.2250.4967.3M
ANS AUSTSINO RESOURC0.2142857142860.01786.3M
BRB BREAKER RESOURCE0.2083333333330.2940.9M
RAP RESAPP HEALTH LT0.2051282051280.235154.9M

ASX Small Cap Losers Aug 31-Sep 7

It wasn’t a great week for the ill-named Reverse Corp (ASX:REF).

Reverse Corp told investors on Monday it would shut down its 1800-Reverse service after Telstra terminated an agreement so the service would no longer work on the telco’s mobile network.

“Management estimate the change would negatively impact EBITDA earnings by $65,000 per month.

“This follows the recent decision by Optus to restrict 1800-Reverse calls to Optus mobiles.”

The stock dropped 64 per cent to 3.5c for the week.

Here are the worst performing ASX small cap stocks for Aug 31-Sep 7:

Swipe or scroll to reveal full table. Click headings to sort

ASX codeCompanyThis week's price changePrice Sep 7Market Cap
REF REVERSE CORP -0.6391752577320.0353.2M
EGY ENERGY TECHNOLOG-0.50.002696.5k
AHK ARK MINES -0.4642857142860.032.8M
CCA CHANGE FINANCIAL-0.3829787234040.14513.3M
CA8 COASSETS -0.3783783783780.11522.1M
REV REAL ESTATE INVE-0.3750.011.2M
RDG RESOURCE DEVELOP-0.3571428571430.01811.4M
MIL MILLENNIUM SERVI-0.346938775510.4826.6M
KRC KING RIVER COPPE-0.3333333333330.05671.8M
IBN IBUYNEW GROUP LT-0.3333333333330.0024.3M
9SP 9 SPOKES INTERNA-0.320.0178.9M
IPB IPB PETROLEUM LI-0.3118279569890.06414.2M
FIG FREEDOM INSURANC-0.3095238095240.14538.4M
WCNDA WHITE CLIFF MINE-0.30.0353.1M
MEB MEDIBIO -0.30.10522.3M
MHC MANHATTAN CORP-0.2941176470590.01210.4M
KSS KLEOS SPACE SA-0.2857142857140.110.7M
FHS FREEHILL MINING-0.2857142857140.028.1M
EQE EQUUS MINING -0.2758620689660.02120.4M
ARM AURORA MINERALS-0.270270270270.0273.2M
JJF JIAJIAFU MODERN-0.2666666666670.119.4M
VP7 VELOCITY PROPERT-0.2666666666670.03311.9M
TNY TINYBEANS GROUP-0.2615384615380.247.9M
TAU TRUSTEES AUSTRAL-0.2615384615380.2418.9M
TAR TARUGA MINERALS-0.2560.09312.7M
MEY MARENICA ENERGY-0.250.1058.0M
RCP REDBANK COPPER L-0.250.0151.8M
XPE XPED -0.250.0033.0M
PGS PLANET GAS -0.250.0032.2M
OIL OPTISCAN IMA -0.250.04522.9M