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ASX Small Cap Winners Apr 6-13

Microcap Ausmon Resources (ASX:AOA) hit its highest price in four years after announcing it would buy sites in NSW and Queensland where it believes it can dig up cobalt.

The stock jumped sharply from 0.6c as high as 2c, before closing the week at 1.6c — a jump of 166 per cent for the week.

The NSW site is close to Cobalt Blue’s Thackaringa cobalt project near Broken Hill.

Cobalt Blue’s shares (ASX:COB) are up six-fold since late last year when it identified significant targets at Thackaringa. The shares went on a tear again last month after the resource was further upgraded with 72 per cent classed as “indicated”.

Mineral resources are categorised in order of increasing geological confidence as inferred, indicated or measured. By moving resources into the “indicated” category, it means a company has sufficient information on geology and grade to support mine planning.

The two other sites were in Queensland including one project 20 km from the Australian Mines Sconi project.

Blockchain stock Reffind (ASX:RFN) jumped 50 per cent to 2.1c on no news, attracting a query from the ASX.

Reffind knew of no reason for a jump in trading of its shares. Reffind last year bought into a loyalty business that uses blockchain technology

Last week it said it “has undertaken a detailed review of its operations” and was “exploring further new product developments within the blockchain-based loyalty and rewards space”.

Newly-listed Acrow Formwork and Construction Services (ASX:ACF) gained 20 per cent to 24c compared to its 20c issue price.

The company, which supplies contruction equipment such as scaffolding, backdoor-listed on Monday via the former NMG Corporation which was suspended last August.

Acrow raised $27.2 million with the help of Bell Potter Securities.

The stock closed at 24c on Friday.

Hollywood-based digital ad agency Engage:BDR (ASX:EN1) gained 48 per cent for the week after confirming it expected revenue of $24 million to $24.5 million this year — and EBITDA earnings of $1.25 million to $1.5 million.

The transition from older technology to high-tech programmatic (automated) advertising  platforms had contributed to a decline in revenue in 2017.

But “significant growth of programmatic advertising” and a new focus on video ads would significantly grow total revenues and “also dramatically improve gross margins”, the company promised.

Atlas Iron (ASX:AGO) was up 47 per cent for the week after attracting the attention of larger rival Mineral Resources (MinRes) – which is offering Atlas shareholders an attractive premium.

Atlas told investors today that MinRes is offering 1 MinRes share for every 571 of its own shares, which implies a price of 3.02c per share – a 59 per cent premium to Atlas’ share price prior to the news.

MinRes (ASX:MIN) is a $3.2 billion company, with its share price closing at $17.24 before it went into a trading halt last Thursday.

Clancy Exporation gained 66 per cent after announcing it would buy cobalt licences in Morocco that are close to the Bou Azzer cobalt mine that dates back to 1931.

Clancy is notable because it’s chaired by the boss of Pilbara gold explorer Artemis, David Lenigas.

“This is an extraordinary and tremendous opportunity for Clancy to acquire a big package of prime exploration tenements for cobalt, nickel, copper and gold in Morocco,” Mr Lenigas said.

“To sign this deal for 32 sq km right next to the world famous Bou Azzer Cobalt Mine is a significant deal for Clancy.

“We plan to start exploration work immediately as part of our due diligence and we already have an experienced in-country exploration team on the ground.”

Clancy rose from 0.3c to 0.5c — but closed the week at 0.4c.

Here are the best performing ASX small cap stocks for Apr 6-13:

Scroll to reveal the full table. Best viewed on a laptop or desktop:

ASX CodeCompanyOne-week price changePrice Friday Apr 13Price Friday Apr 6Market Cap
AOAAUSMON RESOURCES1.666666666670.0160.00610.45M
SSNSAMSON OIL & GAS10.0020.00147.64M
CLYCLANCY EXPLORATION0.6666666666670.0050.0032.35M
GESGENESIS RESOURCE0.6250.0130.00828.75M
RFNREFFIND0.50.0210.014223.66M
ACFACROW FORMWORK0.50.240.16142.96M
EN1ENGAGE:BDR0.4782608695650.170.115712.96k
AIYAUTHORISED INVES0.476190476190.0930.06370.38M
AGOATLAS IRON0.4736842105260.0280.01923.10M
GFYGODFREYS GROUP0.4285714285710.30.2130.94M
ADJADSLOT0.40.0350.02511.19M
FGFFIRST GROWTH FUN0.3846153846150.0180.01313.81M
TZLTZ0.3750.220.1625.10M
SBRSABRE0.3750.0220.01611.20M
BBXBBX MINERALS0.3513513513510.250.18526.06M
TRYTROY RES0.3372093023260.1150.08616.90M
GCRGOLDEN CROSS RES0.3333333333330.020.01517.36M
IKWIKWEZI MINING LT0.3333333333330.0040.00318.50M
T3D333D0.3333333333330.0040.0032.04M
VPCVELPIC0.3333333333330.0080.00655.90M
NC6NANOLLOSE0.3333333333330.180.13520.81M
LOMLUCAPA DIAMOND0.3043478260870.30.2326.22M
FFGFATFISH INTERNET0.2941176470590.0440.0343.03M
LEGLEGEND MINING0.2916666666670.0310.0246.67M
GBMGBM GOLD0.2857142857140.0090.007169.60M

 

ASX Small Cap Losers Apr 6-13

AirXpanders (ASX:AXP) is looking for a new chief, saying it needs a new top dog to level up in the US and that first quarter sales were flat.

The company’s shares plunged 58 per cent this week to 17c.

Scott Dodson resigned from his roles as president and CEO which he has held since 2010. AirXpanders has hired a recruiter to help it locate its next chief.

CFO and COO Scott Murcray is taking over for now.

“We appreciate Scott Dodson’s efforts in leading AirXpanders through the early clinical trials in Australia and the US, the Initial Public Offering, FDA clearance and the launch of AeroForm in Australia and the US,” AirXpanders chairman and cofounder Barry Cheskin said.

Here are the worst performing ASX small cap stocks for Apr 6-13:

Scroll to reveal the full table. Best viewed on a laptop or desktop:

ASX CodeCompanyOne-week price changePrice Friday Apr 13Price Friday Apr 6Market Cap
CADCAENEUS MINERALS-0.6666666666670.0010.00310.53M
AXPAIRXPANDERS-0.5750.170.48.49M
ACSACCENT RESOURCES-0.5185185185190.0130.02720.98M
BPHBPH ENERGY-0.50.0010.002184.38M
FCRFERRUM CRESCENT-0.50.0010.00211.32M
KINKIN MINING-0.4117647058820.150.25539.51M
KPOKALINA POWER-0.3142857142860.0240.03511.53M
CMDCASSIUS MINING-0.3088235294120.0470.06811.56M
MTBMOUNT BURGESS-0.3076923076920.0090.0136.63M
MRRMINREX RESOURCES-0.2823529411760.0610.08521.04M
AD1APPLYDIRECT-0.2714285714290.0510.0717.30M
OAROAKDALE RESOURCES-0.2666666666670.0220.0311.14M
ALYALCHEMY RESOURCE-0.2608695652170.0170.023840.56k
BLKBLACKHAM RESOURCES-0.260.0740.121.60M
UNLUNITED NETWORKS-0.250.030.048.34M
EMPEMPEROR ENERGY-0.250.0030.0046.68M
PRLPETREL ENERGY -0.250.0030.00411.98M
WLCWOLLONGONG COAL-0.250.0060.00823.62M
MEYMARENICA ENERGY-0.2307692307690.10.1312.85M
CSKCROWDSPARK-0.2112676056340.0560.0717.01M
BMZBLACK MOUNTAIN-0.2037037037040.0430.05469.87M
MGTMAGNETITE MINES-0.20.020.02570.02M
MHCMANHATTAN CORP-0.20.020.0252.83M
BASBASS OIL-0.20.0040.00516.78M
MLSMETALS AUSTRALIA-0.20.0040.0057.16M
KRCKING RIVER COPPER-0.20.10.1257.15M
MRLMAYUR RESOURCES-0.1887755102040.7950.9818.51M
FRXFLEXIROAM-0.18750.0650.0851.87M
KP2KORE POTASH-0.1818181818180.180.223.54M