ASX Small Cap Winners Oct 9-13

The Pilbara gold nugget front was quieter this week, but Castle Minerals was a notable exception.

The Pilbra explorer shot into the stratosphere on news it had secured land where gold nuggets had been found.

A gold nugget rush in the Pilbara region of north Western Australia has been a boon for ASX-listed explorers over the past few months, with share prices doubling and even tripling.

Perth-based Castle (ASX:CDT) — which is valued at about $6.1 million — told investors it had the majority rights to two areas in the East Pilbara.

Castle shares rocketed on the news, closing up 2.3c at 3.4c on Wednesday.

By Friday it had closed at 4.9c, up 227 per cent for the week.

Mobile gamer iCandy has been a winner since resuming trade last week – despite getting blocked from creating a cryptocurrency.

iCandy told investors on Monday that it had pulled back from plans to build a gaming platform called Nitro with its own in-house cryptocurrency called “NOX”.

iCandy (ASX:ICI) group chairman Kin Wai Lau told Stockhead the ASX took issue with iCandy’s foray into creating a cryptocurrency because the exchange regarded it as a change of business activity.

iCandy finished up 135 per cent for the week at 22c, valuing the company at $15.1 million.

Investors applauded Gina Rinehart’s Lakes Oil, which took a public stand this week on Victoria’s gas exploration ban.

The explorer’s shares doubled this week to 0.3c.

Lakes Oil (ASX:LKO) publicly released a proposal to overturn Victoria’s ban on gas exploration after approaches to the State government were ignored.

Earlier this year Victoria suspended conventional onshore gas exploration until 2020 and permanently banned unconventional exploration including hydraulic fracturing (or fracking’) and coal seam gas.

Lakes Oil , which is suing the Victorian government for preventing exploration,  outlined seven points in the proposal.

“The idea is to try to reach a situation where we can come to some sensible arrangement,” Lakes Oil chairman Chris Tonkin told Stockhead.

Investors got onboard Uranium Equities after it identified a “stand out” 2km lithium-beryllium anomaly at its Dundas project near Norseman in Western Australia.

The stock (ASX:UEQ) soared as much as 150 per cent to 1.5c on Tuesday. It closed on Friday at 1c — still up 83 per cent for the week.

State Gas staged a ripper float this week, launching itself onto the ASX Tuesday with a memorable ticker — GAS — and promptly rocketing 75 per cent to 35c.

State raised the full $5.25 million it was aiming for, issuing 26.3 million shares at 20c each for a market cap of $27 million.

The company was a subsidiary of Triangle Energy (ASX:TEG), which is one of the four businesses behind the much-anticipated Xanadu project in Western Australia.

State gas ended the week at 37c, an 85 per cent jump on its 20c issue price.

Here are the best performing ASX Small Cap stocks for Oct 9-13:

Code Name % change (5-day) Price 52Wk High 52Wk Low Market Cap
NME NEX METALS EXPLORATION 2.333333 0.01 0.015 0.003 1527169.5
CDT CASTLE MINERALS 2.272727 0.049 0.06 0.01 6133189.5
ICI ICANDY INTERACTIVE 1.352941 0.22 0.22 0.04 55438552
MPE MAGNUM GAS & POWER 1 0.002 0.002 0.001 17880680
LKO LAKES OIL NL 1 0.003 0.003 0.001 73959296
ICT ICOLLEGE 0.882353 0.032 0.056 0.007 6293507
GAS STATE GAS 0.85 0.37 0.43 0.3 45836252
UEQ URANIUM EQUITIES 0.833333 0.01 0.02 0.004 7188524
HEG HILL END GOLD 0.785714 0.14 0.15 0.025 12894238
EGY ENERGY TECHNOLOGIES 0.75 0.007 0.01 0.004 2285554
ELS ELSIGHT 0.715909 0.79 0.8 0.135 62952952
ERX EMPEROR RANGE GROUP 0.714286 0.06 0.079 0.03 5460000
GLA GLADIATOR RESOURCES 0.666667 0.005 0.006 0.002 3520316.5
ENC ENICE HOLDING CO-CDI 0.652174 0.38 0.39 0.17 98534000
QSS QUESTUS 0.642857 0.023 0.024 0.013 2132273.75
CAE CANNINDAH RESOURCES 0.615385 0.042 0.15 0.011 4623180.5
MUS MUSTANG RESOURCES 0.595745 0.145 0.15 0.02 97604384
CZR COZIRON RESOURCES 0.590909 0.031 0.036 0.009 61327628
PNW PACIFIC STAR NETWORK 0.575757 0.26 0.37 0.15 18412516
MTC METALSTECH 0.565217 0.17 0.4 0.088 15067952
CLL COLLERINA COBALT 0.533333 0.068 0.069 0.01 30485454
FFG FATFISH INTERNET GROUP 0.53125 0.046 0.052 0.007 16941230
CAY CANYON RESOURCES 0.506024 0.135 0.145 0.063 38617812
SHK STONE RESOURCES AUSTRALIA LT 0.5 0.003 0.009 0.002 2234522
VMG VDM GROUP 0.5 0.0015 0.003 0.001 8216491.5
CUX CROSSLAND STRATEGIC METALS L 0.5 0.009 0.01 0.004 9104818
KFE KOGI IRON 0.481481 0.042 0.044 0.009 23593692
ENZ ENZUMO 0.452381 0.061 0.18 0.04 5822994.5
HWK HAWKSTONE MINING 0.428571 0.03 0.7 0.01 8283839.5
CCJ COUNTY INTERNATIONAL 0.428571 0.01 0.015 0.007 1883500.125
LFR LONGFORD RESOURCES 0.419753 0.12 0.13 0.016 32979918
WHA WATTLE HEALTH AUSTRALIA 0.413043 1.415 1.47 0.19 179395344
ARS ALT RESOURCES 0.409091 0.062 0.145 0.035 5863301.5
SMA SMARTTRANS HOLDINGS 0.4 0.007 0.03 0.005 19447892
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ASX Small Cap Losers Oct 9-13

At the other end of the table, maritime workforce manager Comops dropped 36 per cent after it lost a bid to manage 33 ports for APM Terminals.

“We have previously advised that we were one of two shortlisted parties. Today we have been advised that we have not won this RFP (request for approval). Though disappointing, this has no current revenue impact on ComOps.”

Lithium play Argosy Minerals fell 18 per cent after a Chinese battery supplier tried to cancel a sales agreement.

Qingdao Qianyuan High-tech New Material Co — which earlier lost a 19.9 per cent placement deal with Argosy – asked Argosy to terminate a purchase agreement for battery-grade lithium from Argosy’s flagship Rincon lithium project in Argentina.

The deal was worth $9.55 million to Argosy in an upfront payment.

Perth-based Argosy (ASX:AGY) said ‘no way’ — and is seeking to hold talks with the company.

Here are the worst performing ASX Small Cap stocks for Oct 9-13:

Code Name % change (5-day) Price 52Wk High 52Wk Low Market Cap
MCX MARINER CORP -0.477612 0.035 0.08 0.033 480832.875
CDH CHONGHERR INVESTMENTS -0.444444 0.005 0.01 0.005 658044.75
COM COMOPS -0.363636 0.007 0.016 0.007 5017274
AGJ AGRICULTURAL LAND TRUST -0.36 0.032 0.055 0.032 3120321.25
DGO DGO GOLD -0.336022 1.2 2.1 0.21 12881284
MED MERLIN DIAMONDS -0.333333 0.005 0.0244 0.004 6941230
NIU NIUMINCO GROUP -0.333333 0.0025 0.008 0.001 3662121
MTL MANALTO -0.3 0.007 0.055 0.005 2606720.5
OVL ORO VERDE -0.3 0.008 0.026 0.006 4903821.5
IBN IBUYNEW GROUP -0.3 0.0035 0.0126 0.0025 5929151
GGH GLOBAL GOLD HOLDINGS -0.3 0.021 0.06 0.02 1172019.125
TML TIMAH RESOURCES -0.285714 0.05 0.07 0.05 4674066
ADO ANTEO DIAGNOSTICS -0.285714 0.009 0.06 0.008 11527566
NCL NETCCENTRIC -0.285714 0.02 0.052 0.02 5250000
CAQ CAQ HOLDINGS -0.272727 0.08 0.145 0.06 57422904
CXU CAULDRON ENERGY -0.26087 0.034 0.08 0.031 11195850
MYQ MYFIZIQ -0.259259 0.04 0.08 0.03 3161542.25
RCP REDBANK COPPER -0.25 0.0015 0.003 0.001 3509145.5
OEX OILEX -0.25 0.003 0.009 0.003 5094336.5
SDL SUNDANCE RESOURCES -0.25 0.004 0.012 0.002 22879076
SBU SIBURAN RESOURCES -0.25 0.003 0.011 0.002 2093496.25
OBL OIL BASINS -0.25 0.003 0.0054 0.002 1381470.375
NSE NEW STANDARD ENERGY -0.25 0.003 0.01 0.003 2149254
KBU KABUNI -0.25 0.003 0.03 0.003 724330.375
CZN CORAZON MINING -0.25 0.019 0.059 0.011 18707100
SBR SABRE RESOURCES -0.25 0.009 0.02 0.005 2263250
FEL FE -0.24 0.019 0.038 0.019 5570223
HGL HUDSON INVESTMENT GROUP -0.238095 0.032 0.042 0.03 8973340
SIE SCIGEN-CUFS -0.230769 0.045 0.07 0.014 27613500
IVT INVENTIS -0.230769 0.01 0.018 0.006 5987145.5
HAV HAVILAH RESOURCES -0.227404 0.19 0.7378 0.185 36153636
AAU ADCORP AUSTRALIA -0.222222 0.007 0.02 0.005 1274208.625
EMG EMERGENT RESOURCES -0.222222 0.007 0.014 0.006 1588937
LVE LOVE GROUP GLOBAL -0.222222 0.145 0.42 0.14 5745157.5
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