ASX Small Cap Winners Jan 12-19

Some 2.2 billion gamers across the globe generated $US116 billion ($145 billion) cash in 2017 — and mobile game makers banked the biggest slice with $US50 billion.

No wonder investors love the category.

One of last week’s (Jan 12-19) big winners in small cap land was Animoca Brands (ASX:AB1) — a $30 million developer that released a new mobile game where avatars take on serpent-people and birdmen.

Anomica reported the app made $202,000 in its first week — and investors fell in love.

The shares rocketed more than 130 per cent before lunch Thursday, touching a high of 9.5c. They finished up 141 per cent for the week closing at 7c on Friday compared to 2.9c seven days earlier.

Animoca shares over the past month. Source: Investing.com
Animoca shares over the past month. Source: Investing.com

BidEnergy (ASX:BID) — which uses Artificial Intelligence to help companies manage their energy bill — skyrocketed 120 per cent for the week after swapping MDs.

Guy Maine — a former Virgin, Optus and Foxtel exec and a helicopter pilot who ran his own aviation business — took the reins from co-founder Anthony Du Preez.

Mr Du Preez took the reins in November after the exit of chairman Robert Browning and managing director Phil Adams when a US acquisition collapsed. The shares promptly halved to 0.8c.

They have now recovered to 2.2c — though are still well down on their 52-week high of 5.7c.

BidEnergy also said it would “realign its position as a challenger brand in a staid market to deliver on the significant market opportunity available”.

Mr Du Preez would return to his focus on developing BidEnergy’s “artificial intelligence capability”.

Investors were impressed with the news, pushing the shares to 2.2c (up from 1c seven days earlier).

Digital marketing platform OtherLevels (ASX:OLV) gained 67 per cent for the week after announcing it had hit positive cashflow for the first time in the December quarter.

Otherlevels helps clients such as Coles and Flight Centre tweak their marketing messages to achieve higher conversion and retention rates.

Net operational cashflow hit $546,000 in the December quarter, compared to a $243,000 burn-rate last quarter. Customer cash receipts lifted from $620,000 to more than $2 million.

The company had $726,000 in the kitty at the end of December plus loan facilities — but was expecting to spend more than $2 million this quarter.

The shares finished the week at 5c, up from 3c the previous Friday.

Alliance Resources (ASX:AGS) gained 51 per cent after announcing positive results from lab tests at its Weednanna gold prospect in South Australia.

“The results of preliminary metallurgical testwork on two composite [reverse circulation drilling]  samples from the Weednanna Gold Prospect have been received and confirm positive gold recoveries,” the company told investors.

Weednanna had “ticked an important box in the path to production — that being the gold mineralisation is amenable to conventional grinding and cyanide recovery techniques,” said managing director Steve Johnston.

Alliance Resources holds a majority 61.4 per cent stake in the project.

The shares finished the week at 14c, up from 9.3c seven days earlier.

Explorer Blaze International (ASX:BLZ) caused a huge stir on Friday when it named  high profile investors Tolga Kumova and Klaus Eckhof as strategic advisors.

Mr Kumova is best known as former managing director and founding shareholder of Syrah Resources (ASX:SYR), overseeing the company from a tiddler through to a top 200 ASX-listed mining company.

Mr Eckhof, who has been on too many boards over the past 20 years to mention, has developed multiple mining projects globally.

Most recently, he has overseen the spectacular share price growth of AVZ Minerals (ASX:AVZ). In the past year AVZ has shot from a penny stock to a company with a market cap of over $500 million.

Blaze shares hit a 52-week high of 10c on Friday before closing up 38 per cent for the week at 8.8c.

Rawson Oil and Gas (ASX:RAW) shareholders got excited about a discovery next door to the South Australian gas minnow’s property.

The latest find for Beach Energy (ASX:BPT) — which has doubled in price over the past six months — is “less than 8km” from the site where Rawson is planning a well in the Otway Basin.

Rawson shares climbed 10 per cent to 5.5c this week after the nearology announcement.

Here are the best performing ASX small cap stocks for Jan 12-19:

Code Name Weekly change Price - Jan 19 Price - Jan 12 52wk High 52wk Low Market Cap
JKA JACKA RESOURCES 0.33 0.004 0.003 0.007 0.0025 1843439
POW PROTEAN ENERGY 0.42 0.034 0.024 0.2157 0.0018 8732628
HDY HARDEY RESOURCES 0.33 0.016 0.012 0.052 0.007 12714864
SKF SKYFII 0.33 0.16 0.12 0.205 0.044 39545060
ZYB ZYBER HOLDINGS 0.29 0.044 0.034 0.046 0.004 25923144
THD THRED 0.25 0.01 0.008 0.045 0.005 10946158
LVT LIVETILES 0.33 0.56 0.42 0.62 0.14 270749600
M7T MACH7 TECHNOLOGIES 0.4 0.335 0.24 0.4 0.105 39334792
SWF SELFWEALTH 0.42 0.17 0.12 0.21 0.11 23301952
HNR HANNANS 0.39 0.025 0.018 0.035 0.009 55331980
AGS ALLIANCE RESOURCES 0.51 0.14 0.093 0.18 0.074 17208498
KRC KING RIVER COPPER 0.45 0.048 0.033 0.059 0.004 56523948
N1H N1 HOLDINGS 0.5 0.15 0.1 0.185 0.085 12233336
IVX INVION 0.5 0.009 0.006 0.01 0.002 37853684
AHN ATHENA RESOURCES 0.5 0.03 0.02 0.044 0.015 5852541.5
RBR RBR GROUP 0.5 0.015 0.01 0.017 0.004 7494433
BLZ BLAZE INTERNATIONAL 0.38 0.088 0.064 0.1 0.025 10161061
LKO LAKES OIL 1 0.002 0.001 0.003 0.001 41388180
HXG HEXAGON RESOURCES 0.65 0.19 0.115 0.26 0.08 39709880
CY5 CYGNUS GOLD 0.5 0.3 0.2 0.37 0.3 19418668
OLV OTHERLEVELS HOLDINGS LIMITED 0.67 0.05 0.03 0.065 0.025 11907065
VIC VICTORY MINES 0.64 0.027 0.0165 0.03 0.005 25194428
PVE PO VALLEY ENERGY 0.54 0.063 0.041 0.11 0.022 23730406
SPQ SUPERIOR RESOURCES 0.91 0.021 0.011 0.022 0.005 7213827
PKA PLUKKA 0.67 0.01 0.006 0.033 0.004 1110048.25
BID BIDENERGY 1.2 0.022 0.01 0.0364 0.008 17035580
IBN IBUYNEW GROUP 0.8 0.009 0.005 0.012 0.0025 15290137
AVW AVIRA RESOURCES 0.91 0.021 0.011 0.14 0.0028 10215000
KFE KOGI IRON 2.04 0.14 0.046 0.17 0.009 2924519.75
AB1 ANIMOCA BRANDS CORP 1.41 0.07 0.029 0.095 0.008 38200696
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ASX Small Cap Losers Jan 12-19

Indonesia-focused coal explorer Cokal (ASX:CKA) had a bummer of a week.

Cokal conceded defeat in its negotiations for a fair price for its coal from a Chinese trader — and shareholders were very upset.

The company had been trying to square away an agreement with Renjian International Trading (Shanghai) Co to supply 2.5 million tonnes of premium pulverised coal injection coal from its Bumi Barito Mineral project in Indonesia.

PCI is a method for improving the performance of a blast furnace used for smelting to produce industrial metals and alloys, generally iron, but also others such as lead or copper.

However, the proposed discounts requested by Renjian for Cokal to secure pre-funding to build the BBM project were “unacceptable”, the company said.

Cokal shares promptly tumbled. They closed the week down 37 per cent at 4.9c, compared to 7.8c a week earlier.

Here are the worst performing ASX small cap stocks for Jan 12-19:

Code Name Weekly change Price - Jan 19 Price - Jan 12 52Wk High 52Wk Low Market Cap
PGY PILOT ENERGY -0.67 0.046 0.14 0.15 0.045 74019336
RMX RED MOUNTAIN MINING -0.57 0.012 0.028 0.048 0.008 15851922
CKA COKAL -0.37 0.049 0.078 0.105 0.013 35370620
EXO ENNOX GROUP -0.33 0.002 0.003 0.005 0.002 1326381.125
NIU NIUMINCO GROUP -0.33 0.002 0.003 0.007 0.001 4546673.5
PNN PEPINNINI LITHIUM -0.34 0.052 0.079 0.094 0.011 30088152
FGF FIRST GROWTH FUNDS -0.28 0.029 0.04 0.047 0.003 29302994
MLS METALS AUSTRALIA -0.2 0.008 0.01 0.017 0.003 13352583
CAQ CAQ HOLDINGS -0.25 0.06 0.08 0.14 0.054 43067176
OOK OOKAMI -0.26 0.089 0.12 0.17 0.014 22985898
NSX NSX -0.25 0.2 0.265 0.315 0.17 29581058
LKE LAKE RESOURCES -0.2 0.22 0.275 0.3 0.031 56074324
DAU DAMPIER GOLD -0.21 0.031 0.039 0.052 0.022 2899204.25
RLC REEDY LAGOON CORP -0.23 0.05 0.065 0.075 0.0093 21890840
RXH REWARDLE HOLDINGS -0.23 0.02 0.026 0.047 0.01 6552850.5
ELS ELSIGHT -0.17 1.075 1.29 1.775 0.135 87550456
AUH AUSTCHINA HOLDINGS -0.22 0.007 0.009 0.011 0.002 7807695.5
RTR RUMBLE RESOURCES -0.27 0.061 0.083 0.094 0.021 23321862
ACL ALCHEMIA -0.21 0.011 0.014 0.026 0.006 4221407
ASN ANSON RESOURCES -0.23 0.215 0.28 0.31 0.01 89754792
MGZ MEDIGARD -0.18 0.023 0.028 0.032 0.009 2756607.25
S3R SERPENTINE TECHNOLOGIES -0.21 0.011 0.014 0.018 0.002 6832731.5
JDR JADAR LITHIUM -0.17 0.029 0.035 0.34 0.026 11296385
DGO DGO GOLD -0.2 0.88 1.1 2.45 0.21 9294009
CLZ CLASSIC MINERALS -0.2 0.004 0.005 0.02 0.003 4449978.5
BCN BEACON MINERALS -0.2 0.016 0.02 0.0269 0.0056 34237344
RRS RANGE RESOURCES -0.2 0.004 0.005 0.007 0.002 30383324
OLH OLDFIELDS HOLDINGS -0.2 0.07 0.087 0.115 0.029 5752334
VEC VECTOR RESOURCES -0.19 0.03 0.037 0.041 0.004 45780452
JRV JERVOIS MINING -0.2 0.535 0.665 0.73 0.0449 114603264
LRS LATIN RESOURCES -0.13 0.014 0.016 0.024 0.003 36713128
CXZ CONNEXION MEDIA -0.18 0.009 0.011 0.14 0.007 7175967.5
TNT TESSERENT -0.18 0.072 0.088 0.145 0.051 8663521
PBX PACIFIC BAUXITE -0.1 0.075 0.083 0.084 0.01 20299582
TFG TOTAL FACE GROUP -0.14 0.12 0.14 0.29 0.11 14497549
5GN 5G NETWORKS/AUSTRALIA -0.23 0.62 0.8 0.93 0.245 32415266
GGE GRAND GULF ENERGY -0.17 0.005 0.006 0.006 0.002 3837494.25
DDT DATADOT TECHNOLOGY -0.17 0.005 0.006 0.016 0.003 4863638
FCR FERRUM CRESCENT -0.33 0.002 0.003 0.005 0.001 6110563
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