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ASX Small Cap Winners Jul 27-Aug 3

Texas-focused oil and gas junior Winchester Energy (ASX:WEL) leapt 169 per cent this week after telling investors it would “aggressively pursue” potential partners to help with drilling via a farm-out agreement due in the September quarter.

A farm-out usually involves a written agreement under which an owner sells an interest in a mining tenement in exchange for exploration work.

Winchester hopes drilling could start “prior to the end of the [September] quarter”.

Winchester reported negative operating cashflow of $US359,000 leaving $US1.1 million in the bank and plans to spend $US430,000 this quarter.

The shares hit 4.5c after the announcement and closed the week at 3.5c.

Home security provider Scout Security (ASX:SCT) shot ahead 68 per cent this week after snagging a deal on Wednesday to distribute its products through US security giant Black and Decker.

Stanley — which is listed in New York with a $US23 billion market cap — is the world’s second biggest home security company with 500,000 buildings under its protection.

Stanley will pay Scout an upfront fee of $US300,000.

Scout, which is valued at $15 million, expects the five-year deal “to start materially contributing to Scout revenue starting in the March 2019 quarter”.

The stock jumped 68 per cent for the week to close at 29.5c on Friday.

Constellation Resources (ASX:CR1) made a stellar ASX debut on Monday after completing a $7 million initial public offering.

The stock (ASX:CR1) spiked 70 per cent on day one compared to its 20c issue price.

By the week’s end it was up 60 per cent at 32c.

Constellation was spun out of Apollo Minerals (ASX:AON) earlier this year with its Fraser Range nickel, copper and gold projects.

The Fraser Range region in Western Australia shot to fame back in 2012 when Sirius Resources uncovered the Nova-Bollinger nickel, copper and cobalt mine that eventually sold to larger rival Independence Group (ASX:IGO) for $1.8 billion.

Acrux (ASX:ACR) moved ahead 60 per cent to 24c for the week after Wednesday’s announcement that it had submitted the first of its new crop of generic drugs for US approval .

It’s coming up to a year since the drug-maker was forced into the generic drugs market after the US shut the door on its flagship testosterone product.

Acrux confirmed it had lodged its first new drug application with the FDA for a generic version of Jublia, an antifungal agent with annual revenues of around $US280 million.

Acrux has as many as 13 generic drugs in the pipeline.

Resource Generation (ASX:RES) rose 55 per cent to 6.2c for the week after finalising a contract to build a plant that can process 15 million tons of raw coal per year at its South African mine.

ResGen is developing the “Boikarabelo” coal mine in South Africa’s Waterberg region. The Waterberg accounts for some 40 per cent of the country’s known coal resources.

Todd River Resources (ASX:TRT) climbed 46 per cent to 12c this week after unveiling spectacular drilling results, providing evidence it’s made a high-grade base metals discovery in the Northern Territory.

Todd River said the latest hole at its Mount Hardy copper and zinc project returned 13.5m grading 15.9% zinc, 5.75% lead and 0.9% copper.

Here are the best performing ASX small cap stocks for Jul 27-Aug 3:

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

ASX codeCompanyThis week's price changePrice Jul 27Market Cap
WELWINCHESTER ENERG1.692307692310.0358.6M
APGAUSTPAC RES10.0024.0M
SMMSUMMIT RESOURCES0.8181818181820.242.5M
AAUADCORP AUSTRALIA0.750.0142.5M
SCTSCOUT SECURITY0.6857142857140.29525.9M
THDTHRED0.6666666666670.0057.2M
RMPRED EMPEROR RESO0.6086956521740.03715.7M
BLABLUE SKY ALT0.6034482758622.79179.1M
NVONVOI0.60.0082.9M
CR1CONSTELLATION0.60.3210.9M
ACRACRUX0.60.2430.0M
RESRESOURCE GENERATION0.550.06235.5M
GWRGWR GROUP0.50.16537.9M
TMKTAMASKA OIL & GAS0.50.0033.9M
LKOLAKES OIL0.50.00371.9M
EGYENERGY TECH0.50.0061.4M
TRTTODD RIVER RES0.4634146341460.127.7M
GSSGENETIC SIGNATUR0.4146341463410.5848.8M
OAROAKDALE RESOURCES0.4117647058820.0241.4M
OVLORO VERDE0.40.00712.4M
DW8DAWINE0.40.0074.1M
ALTANALYTICA0.40.00723.4M
IBXIMAGION BIOSYSTE0.3846153846150.0913.9M
CAGCAPE RANGE0.3602484472052.19183.2M
AXPAIRXPANDERS0.3541666666670.1328.5M
MCAMURRAY COD AUST0.350.13553.0M
WGLWANGLE TECH0.3333333333330.0046.2M
MNBMINBOS RESOURCES0.3333333333330.00417.0M
KGMKALNORTH GOLD0.3333333333330.0085.4M
ENRENCOUNTER RES0.3333333333330.07216.0M
CCZCASTILLO COPPER0.320.03318.6M

 

ASX Small Cap Losers Jul 27-Aug 3

Plastic pallet maker Range International (ASX:RAN) lost 26 per cent this week after announcing it had “become aware of potential inconsistencies with production and operation processes” at its factory in Indonesia.

The shares dropped more than 30 per cent to an intraday low of 3.9c after the announcement on Thursday.

Range brought in advisory group FTI Consulting “to assist in an investigation into these matters”.

It could have been worse though.

The shares recovered to 4.8c on Friday after Range issued a clarification, telling investors the inconsistencies concerned “raw material pricing and supplier agreements as well as some inconsistencies in the company’s inventories which warrants an independent external review”.

Range said it had $US5 million in the bank with no debt — and said it would update the market “at the end of the FTI work”.

Here are the best performing ASX small cap stocks for Jul 27-Aug 3:

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

ASX codeCompanyThis week's price changePrice Jul 27Market Cap
EUZEUROPA METALS-0.50.0014.8M
BPHBPH ENERGY-0.50.001966.2k
OXXOCTANEX-0.4583333333330.0136.5M
MNCMETMINCO-0.4545454545450.0065.5M
PLCPLC FINANCIAL-0.43750.0091.2M
AHZADMEDUS-0.4130434782610.13538.3M
NAGNAGAMBIE RES-0.343750.10540.7M
CROCIRRALTO-0.3409090909090.0299.6M
VMGVDM GROUP-0.3333333333330.00211.8M
VARVARISCAN MINES-0.3333333333330.0023.7M
T3D333D-0.3333333333330.0021.8M
SXXSOUTHERN CROSS-0.3333333333330.0067.5M
MHCMANHATTAN CORP-0.3333333333330.0220.0M
DDTDATADOT TECH-0.3333333333330.0022.0M
BUDBUDDY PLATFORM-0.3111111111110.09391.1M
TNPTRIPLE ENERGY-0.303030303030.0231.4M
RBRRBR GROUP-0.30.0074.9M
ADOANTEO DIAGNOSTIC-0.30.01416.1M
BHLBOYUAN-0.2777777777780.325111.5M
TARTARUGA MINERALS-0.270270270270.13519.1M
NMSNEPTUNE MARINE-0.2626262626260.36522.4M
RANRANGE INT-0.2615384615380.0487.8M
OGXORINOCO GOLD-0.2615384615380.04847.5M
LCYLEGACY IRON ORE-0.250.0035.9M
IDOINDO MINES-0.250.0031.6M
IBNIBUYNEW GROUP-0.250.0036.5M
AYRALLOY RESOURCES-0.250.0068.7M
AYMAUSTRALIA UNITED-0.250.0033.8M
GMRGOLDEN RIM RES-0.2424242424240.0258.3M