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ASX Small Cap Winners Oct 5-12

It was an ugly week for ASX-listed small caps with the Small Ords index losing more than 5 per cent.

But there were a few smiles amid the gloom.

HIV fighter Biotron (ASX:BIT) is now a bonafide ten-bagger after continuing to soar this week.

A week ago after announcing positive trial results for its HIV treatment, the stock jumped 750 per cent to 18c before profit-taking saw it halve to 8c last Friday.

Biotron confirmed to Stockhead it was on the hunt for a funding partner to move to the next stage of testing.

Since then the stock has found new support, with the shares more than doubling this week to 17c at Friday’s close.

Here’s the share price over the past few weeks:

Biotron shares over the past month
Biotron shares over the past month

Pizza broadcaster Dragontail Systems (ASX:DTS) jumped 60 per cent this week after announcing a $6 million investment from a New York-based investor Tiger Global Management.

Dragontail is focused on bringing machine-learning to restaurant food production with its Algo software, which integrates with a pizza quality-control camera that lets you watch your meal as it cooks. 

The money will go towards “rapidly increasing roll out of installations of Algo” as well as further developing its artificial intelligence technology.

The placement was priced at 18.7c — but the stock rose higher, closing at 22.5c on Friday.

Shares in troubled junior telco Inabox Group (ASX:IAB) climbed 44 per cent to 72c for the week after it revealed it is selling its telecommunications services business to MNF Group (ASX:MNF).

Inabox had a challenging FY18, starting when a cloud business it owned performed much poorer than expected.

Back in June, takeover talk pushed the group’s performance, and then in August sell-offs began, with 5G Networks (ASX:5GN) picking up that cloud business and another Inabox business, Anittel, for $5.7m.

The sale of its telco and enablement business will net the company $33.5 million.

MGC Pharma (ASX:MXC) was up 30 per cent for the week to 6.7c after its cannabis-based CannEpil treatment won approval to be used in treating drug-resistant (or refractory) epilepsy.

CannEpil is an orally-administered medical cannabis treatment which has undergone years of testing.

MGC now has the all-important tick of approval from the Therapeutic Goods Administration which will make the product available in Australia through specialist prescribers.

Skin Elements (ASX:SKN) gained 15 per cent to 6c after signing a deal to develop algae and cannabis oil skincare products with Affinity Energy (ASX:AEB) — formerly known as Algae.Tec.

Affinity has been working on getting an algae nutraceuticals and animal food operation up and running since 2015 after its algae-as-biofuel theory didn’t work out.

Here are the best performing ASX small cap stocks for Oct 5-12:

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

ASX codeCompanyOne-week price changePrice Oct 12Market Cap
BITBIOTRON1.09876543210.1770.5M
MNBMINBOS RESOURCES10.0025.7M
DTSDRAGONTAIL SYSTE0.6071428571430.22559.5M
XPEXPED0.50.0034.5M
WGLWANGLE TECHNOLOG0.50.0036.2M
S3RSERPENTINE TECHN0.50.0031.8M
NIUNIUMINCO GROUP L0.50.0036.8M
MOXMONAX MINING0.50.0031.8M
ABVADVANCED BRAKING0.50.0035.9M
CAECANNINDAH RESOUR0.4545454545450.0323.5M
IABINABOX GROUP0.440.7217.1M
GCRGOLDEN CROSS RES0.40.077.1M
SPBSOUTH PACIFIC RE0.40.0071.2M
VIIVIETNAM INDUS IN0.3953488372090.330.6M
EDEEDEN INNOVATIONS0.3943661971830.099126.3M
LNYLANEWAY RESOURCE0.3333333333330.00414.1M
DTRDATELINE RESOURC0.30.0137.2M
MKGMAKO GOLD0.2857142857140.1357.6M
RBRRBR GROUP0.2857142857140.0095.6M
HT8HARRIS TECHNOLOG0.2857142857140.0182.8M
EM1EMERGE GAMING0.2857142857140.0095.0M
MXCMGC PHARMACEUTIC0.2641509433960.06781.3M
MCXMARINER CORP0.256410256410.049535.8k
TYKTYCHEAN RESOURCE0.250.0052.9M
EXOENNOX GROUP0.250.0058.8M
EEREAST ENERGY RESO0.250.00516.0M
ENXENEGEX0.250.0151.2M
BC8BLACK CAT SYNDIC0.2222222222220.2212.6M
GASSTATE GAS0.218750.19526.3M
TASTASMAN RESOURCES0.218750.07835.1M

 

ASX Small Cap Losers Oct 5-12

In a week of market carnage Flamingo AI (ASX:FGO) led an ASX small cap plunge, falling more than 25 per cent to 2.3c after two key potential clients opted out.

Flamingo AI  is an artificial intelligence developer that provides “virtual assistants” ROSIE and MAGGIE to fix business problems such as poor customer experience, low online sales conversion rates and high cost of customer service.

AMP and Liberty Mutual Insurance had been undertaking paid trials — but said they didn’t want to buy the whole cow.

In July, Flamingo had ten potential customers in various stages of testing its technology.

Here are the worst performing ASX small cap stocks for Oct 5-12:

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

ASX codeCompanyOne-week price changePrice Oct 12Market Cap
LKOLAKES OIL NL-0.50.00145.4M
IOTIOT GROUP-0.50.0011.4M
AJCACACIA COAL-0.50.0012.9M
ICUISENTRIC-0.419354838710.0185.7M
AJJASIAN AMERICAN M-0.4166666666670.0723.6M
RCPREDBANK COPPER L-0.40.0151.8M
DEVDEVEX RESOURCES-0.40.0034.4M
T3D333D-0.3333333333330.0021.8M
SHKSTONE RESOURCES-0.3333333333330.0021.6M
QFYQUANTIFY TECHNOL-0.3333333333330.0128.3M
MTBMOUNT BURGESS-0.3333333333330.0042.2M
IBNIBUYNEW GROUP-0.3333333333330.0024.4M
ODMODIN METALS-0.2750.14522.3M
TOMTOMIZONE-0.2727272727270.0083.4M
MHCMANHATTAN CORP-0.2727272727270.0085.9M
FGOFLAMINGO AI-0.2580645161290.02324.6M
YOWYOWIE GROUP-0.250.10524.0M
RVAREVA MEDICAL-CDI-0.250.2191.3M
RHIRED HILL IRON-0.250.321.8M
PG1PEARL GLOBAL-0.250.1523.2M
CXUCAULDRON ENERGY-0.250.0311.5M
AFAASF GROUP-0.250.1281.3M
SURSUN RESOURCES NL-0.250.0032.3M
PCLPANCONTINENTAL-0.250.00313.5M
MLSMETALS AUSTRALIA-0.250.0038.2M
KEYKEY PETROLEUM-0.250.0068.1M
HCOHYLEA METALS-0.250.0037.0M
GGXGAS2GRID-0.250.0033.4M
CDXCARDIEX-0.2439024390240.03116.5M
ZYBZYBER HOLDINGS L-0.2352941176470.0138.5M