ASX Small Cap Winners Feb 26-Mar 2

What’s going on at tungsten and gold play GWR Group (ASX:GWR)?

The stock rocketed six-fold in the space of a week — from 6.5c to a high of 41c.

It finished at 32c on Friday — a 392 per cent gain for the seven-day period.

Trades skyrocketed too — more than 4 million shares changed hands over a few days.

Queried by the ASX earlier in the week, company secretary Simon Borck said there was no news to share.

GWR is due to release a maiden mineral resource estimate for several prospects in its Hatches Creek tungsten, gold and copper project in the Northern Territory where “exceptional” drilling results were reported late last year.

GWR Group's shares over the past three months.
GWR Group’s shares over the past three months.

Fellow tungsten play Tungsten Mining (ASX:TGN) put on 58 per cent to 47.5c, telling the ASX it continued to “make good progress” at its Mt Mulgine tungsten project in Western Australia.

Tungsten — used to harden steel in ballistic missiles and drill bits — has soared in price because of supply constraints. It’s predominantly produced in a single nation: China.

Taruga Gold (ASX:TAR) almost quadrupled to a high of 39c before closing the week at 24c — a 92 per cent gain for the seven days.

Taruga announced its acquisition of high-grade copper and cobalt projects in the Congo.

Taruga will acquire a 60 per cent interest in Mwilu and Kamilobe high-grade cobalt projects, with grades of up to 13 per cent cobalt already reported from channel sampling.

Taruga also has secured first right of refusal on other high-grade cobalt projects held by the government and a local consortium.

To fund it all, Taruga is raising $1.35 million at 10c a share.

US drug giant Perkin Elmer made a move on Aussie junior biotech RHS (ASX:RHS) this week — which pushed the Aussie junior biotech up 89 per cent to 26.5c

Perkin Elmer has offered to buy the company outright at 28c per share.

Directors of RHS have recommended shareholders accept the offer.

It followers a spate of merger activity in the local biotech space.

EHR Resources (ASX:EHX) went for a run, initially on no news, shooting up 54 per cent to 12.5c for the week.

The company — which has a stake in a Peruvian gold and silver project — told the ASX on Wednesday it had no unannounced news to share.

On Friday it announced the start of a new stage of exploration at the project.

Auris Minerals (ASX:AUR) announced a $1.2 million farm-in deal with Sandfire Resources (ASX:SFR) at its Morck’s Well East and Doolgunna copper projects in Western Australia.

The deal sent its share price up 47 per cent to 5c for the week.

Sandfire has to spend $2 million in two years on exploration of the two sites, while Auris explores the rest of its holding in other parts of the Bryah Basin in WA.

Cancer drug maker Patrys (ASX:PAB) jumped 50 per cent to 3.3c for the week after showing its brain tumour treatment could cross the blood-brain barrier and reduce the size of growths.

The last trial showed drug candidate PAT‐ DX1 killed cancer cells in the lab, and the latest one shows that is works on mice with human glioblastoma tumour implants as well.

“Glioblastoma is a particularly aggressive, highly malignant form of brain cancer characterised by very fast cellular reproduction,” Patrys told investors on Wednesday.

Patrys will now prepare for clinical trials in 2019.

Here are the best performing ASX small cap stocks for Feb 26-Mar 2:

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ASX Code Name Change (Feb 23-Mar 3) Price Mar 2 Price Feb 23 52wk High 52wk Low Market Cap
GWR GWR GROUP 3.92307692308 0.32 0.065 0.41 0.033 80798208
SSN SAMSON OIL & GAS 1 0.002 0.001 0.005 0.001 4924500.5
TAR TARUGA GOLD 0.92 0.24 0.125 0.395 0.041 35851448
RHS RHS 0.892857142857 0.265 0.14 0.295 0.062 23828928
PPL PUREPROFILE 0.741573033708 0.155 0.089 0.45 0.087 16208168
PMY PACIFICO MINERALS 0.625 0.013 0.008 0.012 0.004 7016510
TGN TUNGSTEN MINING NL 0.583333333333 0.475 0.3 0.54 0.0229 280747744
CTP CENTRAL PETROLEUM 0.56976744186 0.135 0.086 0.1986 0.077 74243608
FEL FE 0.547619047619 0.065 0.042 0.076 0.019 22083928
EHX EHR RESOURCES 0.543209876543 0.125 0.081 0.195 0.069 13722264
PAB PATRYS 0.5 0.033 0.022 0.047 0.0039 34470044
MXR MAXIMUS RESOURCES 0.5 0.0015 0.001 0.003 0.001 4540953
AJJ ASIAN AMERICAN MEDICAL GROUP 0.5 0.105 0.07 0.125 0.07 29775276
AUR AURIS MINERALS 0.470588235294 0.05 0.034 0.105 0.034 22016428
MZM MONTEZUMA MINING CO 0.468085106383 0.345 0.235 0.345 0.125 25873948
RXH REWARDLE HOLDINGS 0.466666666667 0.022 0.015 0.044 0.01 7208136
IVT INVENTIS 0.444444444444 0.013 0.009 0.018 0.008 9134442
FGR FIRST GRAPHENE 0.423076923077 0.185 0.13 0.215 0.06 74758496
WCN WHITE CLIFF MINERALS 0.379310344828 0.004 0.0029 0.0077 0.0019 11596866
PDN PALADIN ENERGY 0.344827586207 0.195 0.145 0.26 0.045 291183456
COY COPPERMOLY 0.333333333333 0.012 0.009 0.027 0.009 15154276
PKA PLUKKA 0.333333333333 0.012 0.009 0.033 0.004 2412134
AWY AUSTRALIAN WHISKY 0.333333333333 0.04 0.03 0.04 0.026 17051786
BDI BLINA MINERALS 0.333333333333 0.002 0.0015 0.003 0.001 7527765
CUL CULLEN RESOURCES 0.333333333333 0.002 0.0015 0.003 0.001 3897840.25
JVG JV GLOBAL 0.333333333333 0.002 0.0015 0.002 0.0009 5012890.5
LKO LAKES OIL 0.333333333333 0.002 0.0015 0.003 0.001 55211136
REL RAVEN ENERGY 0.333333333333 0.002 0.0015 0.002 0.001 9691197
CYP CYNATA THERAPEUTICS 0.326315789474 1.26 0.95 1.35 0.37 106169768
CAE CANNINDAH RESOURCES 0.325 0.053 0.04 0.15 0.013 6944244.5
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ASX Small Cap Losers Feb 26-Mar 2

Stream Group (ASX:SGO) was back trading after a suspension of more than 18 months — but its stock fell 55 per cent to 3.5c.

The company sold off its claims management business earlier this year, leaving just its BuildAssist claims management software as its sole revenue-maker.

Stream also told investors it had reached an agreement with the ASX on a proposed buyback of 2.2 million shares that “were issued to a company controlled by a director, Mr Lawrence Case … in breach of listing rule 10.11”.

To avoid calling a shareholder meeting for approval of the buyback, the ASX agreed the shares could be sold on-market with the profits donated to charity.

Sadly, the ASX’s only listed jetpack maker Martin Aircraft (ASX:MJP) looks set to de-list.

New Zealand-based Martin told investors it “continues to be in the development phase of its Jetpack product and needs to ensure that its limited cash resources are used to maximise the development of its product, rather than to pay for administrative costs, including ASX listing fees”.

The shares fell 50 per cent to 1.8c.

User-generated content app Crowdspark (ASX:CSK) — formerly known as NewZulu — fell after revealing a 9 per cent fall in revenue to $1 million and a narrower loss of $1.8 million.

The shares closed the week down 49 per cent to 7.1c.

Jayex Healthcare (ASX:JHL) continued a downward slide, trading down 40 per cent for the week at 1.5c.

Jayex, which makes software to help run hospitals and pharmacies, reported a 14 per cent decrease in revenue for the half-year.

“The company faced on-going difficulties with the integration of the Appointuit product into the other group technologies, which resulted in the operational and financial results falling behind expectations in the Australian operations.”

Here are the worst performing ASX small cap stocks for Feb 26-Mar 2:

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ASX Code Name Change Feb 23- Mar 2 Price Mar 2 Price Feb 23 52wk High 52wk Low Market Cap
SGO STREAM GROUP -0.551282051282 0.035 0.078 0.078 0.035 7676541.5
MJP MARTIN AIRCRAFT -0.5 0.018 0.036 0.165 0.016 11112206
CSK CROWDSPARK -0.492857142857 0.071 0.14 0.4 0.065 2776596.75
PRL PETREL ENERGY -0.428571428571 0.004 0.007 0.047 0.0035 6743739
JHL JAYEX HEALTHCARE -0.4 0.015 0.025 0.045 0.012 2304343
EGL ENVIRONMENTAL GROUP -0.368421052632 0.048 0.076 0.095 0.015 11228449
NCL NETCCENTRIC -0.363636363636 0.014 0.022 0.052 0.014 3675000
TPE TPI ENTERPRISES -0.344186046512 1.41 2.15 2.94 1.355 112303544
AFT AFT CORP -0.333333333333 0.001 0.0015 0.002 0.001 9020528
ATT ANTE REAL ESTATE TRUST -0.333333333333 0.002 0.003 0.044 0.002 46326.3203
GGX GAS2GRID -0.333333333333 0.002 0.003 0.004 0.002 1864818.125
MSI MULTISTACK INTERNATIONAL -0.333333333333 0.006 0.009 0.03 0.006 673823.5625
RD1 REGISTRY DIRECT -0.315789473684 0.065 0.095 0.195 0.065 5386665.5
MIL MILLENNIUM SERVICES -0.302816901408 0.99 1.42 1.81 0.93 45698616
A3D AURORA LABS -0.292929292929 0.7 0.99 2.85 0.44 45721860
DMC DIGIMATIC GROUP -0.287925696594 1.15 1.615 6 1.1 48370964
KTE K2 ENERGY -0.285714285714 0.01 0.014 0.019 0.007 3389548
BOA BOADICEA RESOURCES -0.277777777778 0.13 0.18 0.24 0.09 6366057.5
SIV SILVER CHEF -0.274362818591 4.84 6.67 8.88 4.41 192412784
GLA GLADIATOR RESOURCES -0.272727272727 0.008 0.011 0.017 0.002 4928443.5
GRV GREENVALE ENERGY -0.272727272727 0.032 0.044 0.048 0.02 4107635.75
MGU MAGNUM MINING AND EXPLORATIO -0.268292682927 0.06 0.082 0.082 0.036 16774729
CNX CARBON ENERGY -0.258064516129 0.115 0.155 1.3 0.12 10064695
POZ POZ MINERALS -0.256 0.093 0.125 0.145 0.02 15257818
ADY ADMIRALTY RESOURCES -0.25 0.006 0.008 0.011 0.004 9225999
UNL UNITED NETWORKS -0.245614035088 0.043 0.057 0.22 0.041 5284648
HOR HORSESHOE METALS -0.24 0.019 0.025 0.032 0.016 3698391.5
FOD FOOD REVOLUTION -0.225806451613 0.048 0.062 0.076 0.037 18664790
EMU EMU -0.225 0.093 0.12 0.245 0.064 6873666
DGO DGO GOLD -0.224358974359 0.605 0.78 2.45 0.21 7076120.5
RIM RIMFIRE PACIFIC -0.222222222222 0.021 0.027 0.037 0.017 19813028
VPC VELPIC -0.222222222222 0.007 0.009 0.029 0.007 9046769
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