ASX Small Cap Winners Nov 27 – Dec 1
Lithium explorer Quantum Resources made a quantum leap last week — jumping 150 per cent on last week’s close after forming a strategic partnership with Canada’s Far Resources to fast-track the duo’s lithium projects.
Under the deal, Quantum (ASX:QUR) and Far Resources will assess the synergies between their respective Thompson Bros and Zoro projects which are next door to each other in the central Canadian province of Manitoba.
The deal was “a pivotal event for the two companies and in particular, may serve to unlock the Manitoba region as a potentially major hard rock lithium-producer,” Quantum’s managing director Avi Kimelman said.
Quantum’s share price more than doubled to a year-high of 3.9c before finishing the week at 3.5c — compared to last week’s close of 1.4c.
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Cannabis stocks took a breather after last week’s mega news-flow.
But Pnina Feldman’s hemp seed food maker Queensland Bauxite (when will she change the name?) gained another 40 per cent for the week.
The folk at Queensland Bauxite’s (ASX:QBL) Medical Cannabis Limited subsidiary are pretty excited about the group’s new hemp foods including the ever-popular hemp honey.
Out came the exclamation marks:
“The team at VitaHemp … is thrilled to launch VitaHemp’s true Aussie Grown Hemp Foods!
“VitaHemp is also launching a proprietary Hemp Nectar infused, NPA Certified, 100% Australian Grown Healthy Hemp Honey!
“The initial lab tests are showing powerful nutritional properties, that the VitaHemp team believe may be the world’s healthiest and most nutritious honey with the additional bonus of a fantastic taste.”
QBL told investors it was working on “some unique products that we intend to launch in the coming weeks”.
5G Networks Ltd (ASX:5GN) has made some nice gains since as steady ASX debut a few weeks ago.
After raising $4 million selling shares at 25c, the stock hit a high of 48c last week.
It closed out the week at 38.5c, up almost 50 per cent on last week’s close of 26c.
Actual 5G mobile networks won’t be available in Australia for several years, but that hasn’t stopped investors getting excited about 5G (the company’s) plan to build a speedy wireless broadband service for mid-sized businesses.
This week 5G announces it had won an Australian Carrier Licence — a first step in building a data telephony and internet service.
5G also announced it had extended agreements with Microsoft, HP and Telstra.
It’s been a troubled time for banana veneer maker Papyrus (ASX:PPY), which acrimoniously parted ways with short-lived chief managing director Allan Branch earlier this month.
Papyrus announced Mr Branch’s resignation last week, citing “irreconcilable differences” over the direction Mr Branch wanted to take the company.
Mr Branch fired back, claiming he would take the company and the board — with exception of founder Ramy Azer — to court over alleged breach of contract and director’s duties.
“Have no doubt about my resolve in this matter and I will invite any aggrieved shareholders to join me in the action,” Mr Branch wrote in a letter to the board on Tuesday.
Despite the war of words, investors jumped back into the stock, which finished the week at 2.7c — more than double its 1.3c close on the previous Friday.
Here are the best performing ASX small cap stocks for Nov 27-Dec 1:
| Code | Name | 5-day Change | Price | 52wk High | 52wk Low | Market Cap |
|---|---|---|---|---|---|---|
| ORM | ORION METALS | 0.8845999999999999 | 0.098 | 0.098 | 0.01 | 33888576 |
| QUR | QUANTUM RESOURCES | 1.5 | 0.035 | 0.039 | 0.005 | 18897712 |
| BSP | BLACK STAR PETROLEUM | 1 | 0.001 | 0.003 | 0.001 | 1060025.375 |
| BKP | BARAKA ENERGY AND RESOURCES | 1 | 0.001 | 0.002 | 0.001 | 4690293 |
| AGJ | AGRICULTURAL LAND TRUST | 0.90625 | 0.061 | 0.061 | 0.032 | 5948112 |
| AAU | ADCORP AUSTRALIA | 0.888889 | 0.017 | 0.02 | 0.005 | 3094506.75 |
| MYQ | MYFIZIQ | 0.813953 | 0.7 | 0.85 | 0.03 | 61650072 |
| EUR | EUROPEAN LITHIUM | 0.714286 | 0.2 | 0.2175 | 0.039 | 92102584 |
| G1A | GALENA MINING | 0.666667 | 0.63 | 0.69 | 0.225 | 36140000 |
| FGR | FIRST GRAPHITE | 0.630435 | 0.135 | 0.16 | 0.06 | 56064188 |
| GCR | GOLDEN CROSS RESOURCES | 0.6 | 0.025 | 0.026 | 0.007 | 2438933.5 |
| NAG | NAGAMBIE RESOURCES | 0.545455 | 0.084 | 0.099 | 0.023 | 34334552 |
| QBL | QUEENSLAND BAUXITE | 0.4035 | 0.08 | 0.081 | 0.006 | 113654472 |
| 5GN | 5G NETWORKS/AUSTRALIA | 0.529412 | 0.385 | 0.48 | 0.245 | 17245984 |
| EXO | ENNOX GROUP | 0.5 | 0.003 | 0.005 | 0.002 | 1326381 |
| RCP | REDBANK COPPER | 0.5 | 0.003 | 0.005 | 0.001 | 7018291 |
| SMA | SMARTTRANS HOLDINGS | 0.5 | 0.005 | 0.019 | 0.004 | 16669621 |
| PCH | PROPERTY CONNECT HOLDINGS | 0.5 | 0.003 | 0.018 | 0.0015 | 2165807.25 |
| KBU | KABUNI | 0.5 | 0.006 | 0.0185 | 0.002 | 3063589.25 |
| MEM | MEMPHASYS | 0.499999 | 0.002 | 0.004 | 0.0007 | 2099464 |
| TAR | TARUGA GOLD | 0.483517 | 0.12 | 0.16 | 0.03 | 14028828 |
| ISH | ISHINE INTERNATIONAL RESOURC | 0.466667 | 0.022 | 0.0455 | 0.011 | 4597075.5 |
| DHR | DARK HORSE RESOURCES | 0.461538 | 0.021 | 0.023 | 0.003 | 25625148 |
| ACP | AUDALIA RESOURCES | 0.461538 | 0.019 | 0.028 | 0.013 | 7295191 |
| EVE | EVE INVESTMENTS | 0.454546 | 0.0185 | 0.0195 | 0.0035 | 28359504 |
| LAA | LATAM AUTOS | 0.45 | 0.15 | 0.26 | 0.076 | 45265560 |
| AU8 | AUMAKE INTERNATIONAL | 0.416667 | 0.565 | 9.6 | 0.145 | 122019144 |
| GTE | GREAT WESTERN EXPLORATION LT | 0.411765 | 0.024 | 0.036 | 0.01 | 19204784 |
| DW8 | DAWINE | 0.4 | 0.014 | 0.029 | 0.008 | 8186174.5 |
| WKT | WALKABOUT RESOURCES | 0.375 | 0.185 | 0.19 | 0.046 | 27680434 |
| MEU | MARMOTA | 0.352941 | 0.023 | 0.026 | 0.01 | 12595741 |
| JAT | JATENERGY | 0.35 | 0.027 | 0.035 | 0.01 | 6964956.5 |
| PPY | PAPYRUS AUSTRALIA | 0.35 | 0.027 | 0.05 | 0.004 | 5654783.5 |
ASX Small Cap Losers Nov 27 – Dec 1
The most notable failure among ASX small caps last week was the collapse of legendary Australian handbag maker OrotonGroup.
Founded in 1938, Oroton placed itself in voluntary administration on Thursday after a failed strategic review.
The fashion label was best known for its 1960s mesh bag — described as “the must-have accessory for disco girls and socialites alike”, on the brand’s website.
In the 1970s, the Oroton ‘O’ became a registered trademark.
Oroton announced it was struggling in May and started a review of its strategy to find a path to profit.
Here are the worst performing ASX small cap stocks for Nov 20-24:
| Code | Name | 5-day change | Price | 52wk High | 52wk Low | Market Cap |
|---|---|---|---|---|---|---|
| JJF | JIAJIAFU MODERN AGRICULTURE | -0.233333 | 0.115 | 0.295 | 0.115 | 9796159 |
| AMG | AUSMEX MINING GROUP | -0.235294 | 0.07 | 0.1 | 0.05 | 26286804 |
| POZ | POZ MINERALS | -0.237288 | 0.045 | 0.064 | 0.02 | 7545075.5 |
| DGO | DGO GOLD | -0.23871 | 1.18 | 2.45 | 0.21 | 12462421 |
| IPT | IMPACT MINERALS | -0.24 | 0.018 | 0.034 | 0.013 | 21584600 |
| WEC | WHITE ENERGY | -0.242424 | 0.025 | 0.069 | 0.025 | 8209362.5 |
| ECG | ECARGO | -0.245283 | 0.04 | 0.23 | 0.04 | 21400000 |
| ESK | ETHERSTACK PLC-CDI | -0.25 | 0.12 | 0.28 | 0.12 | 13402237 |
| 9SP | 9 SPOKES INTERNATIONAL | -0.25 | 0.073 | 0.21 | 0.061 | 34173712 |
| RRS | RANGE RESOURCES | -0.25 | 0.004 | 0.008 | 0.002 | 22787492 |
| SUR | SUN RESOURCES | -0.25 | 0.004 | 0.011 | 0.0027 | 1296741.625 |
| BAS | BASS OIL | -0.25 | 0.003 | 0.006 | 0.001 | 6870798.5 |
| VPR | VOLT POWER GROUP | -0.25 | 0.004 | 0.006 | 0.001 | 18583600 |
| HAR | HARANGA RESOURCES | -0.25 | 0.003 | 0.006 | 0.002 | 1453577.75 |
| KKL | KOLLAKORN CORP | -0.26 | 0.04 | 0.095 | 0.037 | 6982579 |
| EME | ENERGY METALS | -0.261538 | 0.096 | 0.275 | 0.073 | 20129598 |
| TNP | TRIPLE ENERGY | -0.261538 | 0.096 | 0.44 | 0.096 | 3954972.75 |
| MGZ | MEDIGARD | -0.266667 | 0.022 | 0.032 | 0.009 | 2065021.5 |
| VRX | VENTNOR RESOURCES | -0.28048 | 0.041 | 0.0585 | 0.0088 | 10052802 |
| CDT | CASTLE MINERALS | -0.291667 | 0.035 | 0.085 | 0.01 | 7541063.5 |
| IQ3 | IQ3CORP | -0.291667 | 0.19 | 0.31 | 0.17 | 17308834 |
| AIV | ACTIVEX | -0.294118 | 0.12 | 0.21 | 0.05 | 21267408 |
| JKL | JUSTKAPITAL | -0.3 | 0.098 | 0.305 | 0.098 | 14179139 |
| NME | NEX METALS EXPLORATION | -0.310345 | 0.02 | 0.032 | 0.003 | 3054339 |
| RDS | REDSTONE RESOURCES | -0.315789 | 0.013 | 0.029 | 0.008 | 4939145.5 |
| MPE | MAGNUM GAS & POWER | -0.333333 | 0.0015 | 0.002 | 0.001 | 9617244 |
| MXR | MAXIMUS RESOURCES | -0.333333 | 0.0015 | 0.004 | 0.001 | 3027302 |
| MNB | MINBOS RESOURCES | -0.333333 | 0.002 | 0.01 | 0.002 | 4917011.5 |
| SVT | SERVTECH GLOBAL | -0.333333 | 0.021 | 0.22 | 0.017 | 2033462.625 |
| FGF | FIRST GROWTH FUNDS | -0.363636 | 0.014 | 0.023 | 0.003 | 12106760 |
| ATT | ANTE REAL ESTATE TRUST | -0.4 | 0.003 | 0.045 | 0.003 | 69489.4766 |
| AKF | ASK FUNDING | -0.428571 | 0.032 | 0.063 | 0.032 | 2110576.5 |
| QSS | QUESTUS | -0.434783 | 0.013 | 0.024 | 0.013 | 1205198.25 |
| FCR | FERRUM CRESCENT | -0.5 | 0.002 | 0.005 | 0.001 | 3055281.5 |
| ACS | ACCENT RESOURCES NL | -0.76 | 0.006 | 0.087 | 0.006 | 1086001.375 |