It’s still a relatively difficult market to raise capital in, particularly at the junior end, but there are some that have convinced investors to part with their hard earned cash. We run through just which small and micro caps successfully topped up their coffers in April.

April was a radically different month to March. March saw the market plunge, while April saw the market claw back some of those losses.

Since March 23 the ASX has gained just over 20 per cent.

In March, junior explorers, particularly those dabbling in gold, accounted for the majority of small and micro cap raisings.

But this month’s small and micro cap leaders on the capital raising front were in the health space.

Companies with a market capitalisation below $100m at the time of the offer raised $77.5m, while the mining sector raised $61.7..

All up $168m was raised in April

Here’s a list of all ASX small and micro cap raisings completed in April (by date of securities listing on the ASX):

Swipe or scroll to reveal the full table. Click headings to sort.

DATE CODE COMPANY OFFER SIZE Offer Type SECTOR Offer Price Last Price Offer To Date
04/16/2020 AHQ Allegiance Coal Ltd 1.9 Placement ENERGY 0.06 0.071 15
04/17/2020 MEY Marenica Energy Ltd 0.5 Placement ENERGY 0.038 0.065 66
04/23/2020 MX1 Micro-X Ltd 8.8 Placement HEALTH 0.14 0.145 0
04/17/2020 KZA Kazia Therapeutics Ltd 7.2 Placement HEALTH 0.4 0.42 -1
04/03/2020 RSH Respiri Ltd 1.7 Placement HEALTH 0.055 0.07 25
04/02/2020 IPD ImpediMed Ltd 24.9 Rights HEALTH 0.0375 0.038 4
04/14/2020 CDY Cellmid Ltd 5.0 Placement HEALTH 0.22 0.215 2
04/20/2020 AL3 AML3D Ltd 9.0 IPO INDUSTRIAL 0.2 0.205 -5
04/17/2020 HNG HGL Ltd 3.9 Rights INDUSTRIAL 0.2 0.185 -8
04/15/2020 BLK Blackham Resources Ltd 26.0 Placement MINING 0.01 0.011 0
04/28/2020 DGO DGO Gold Ltd 2.6 Placement MINING 1.6 2.15 31
04/02/2020 FMS Flinders Mines Ltd 14.5 Rights MINING 0.025 0.027 0
04/28/2020 NTU Northern Minerals Ltd 9.0 Placement MINING 0.02 0.023 15
04/17/2020 ZAU AUstralian Mines Ltd 1.5 Placement MINING 0.008 0.0095 12
04/14/2020 PEK Peak Resources Ltd 1.5 Placement MINING 0.015 0.02 27
04/06/2020 CHZ Chesser Resources Ltd 1.7 Placement MINING 0.04 0.063 55
04/03/2020 SAU Southern Gold Ltd 2.2 Placement MINING 0.1 0.125 25
04/28/2020 STM Sunstone Metals Ltd 1.7 Placement MINING 0.005 0.006 0
04/14/2020 AYR Alloy Resources Ltd 1.0 Placement MINING 0.002 0.016 -20
04/20/2020 ST1 Spirit Telecom Ltd 8.7 Placement TECH 0.11 0.1325 18
04/21/2020 BRN BrainChip Holdings Ltd 3.1 Placement TECH 0.03 0.054 67
04/27/2020 BLG BluGlass Ltd 1.0 Placement TECH 0.02 0.023 10
04/28/2020 IBX Imagion Biosystems Ltd 0.5 Placement TECH 0.01 0.0155 40
04/08/2020 SW1 Swift Media Ltd 0.4 Placement TECH 0.015 0.021 53
04/14/2020 AT1 Atomo Diagnostics 30.0 IPO HEALTH 0.2 0.48 140
04/30/2020 BCL Pure Foods Tasmania 3.5 Reverse Takeover FOOD 0.20 0.23 15

 

Meanwhile, the mid caps raised $583m, with more than half that ($322m) going to consumer-focused stocks including radio owner Southern Cross Media (ASX:SXL) and travel agency Webjet (ASX:WEB).

Mining accounted for $158m, and the most notable deal was the $68.5m recapitalisation of Dacian Gold (ASX:DCN).

DATE CODE COMPANY OFFER SIZE Offer Type SECTOR Offer Price Last Price Offer To Date
04/14/2020 WEB Webjet Ltd 115.3 Placement CONSUMER 458 1.7 3.07 58
04/06/2020 SXL Southern Cross Media Group Ltd 121.1 Rights CONSUMER 325 0.09 0.1375 44
04/07/2020 OML oOh!media Ltd 38.5 Placement CONSUMER 300 0.53 1.01 68
04/20/2020 SXL Southern Cross Media Group Ltd 47.5 Placement CONSUMER 213 0.09 0.1375 44
04/01/2020 SFG Seafarms Group Ltd 6.9 Placement FOOD 119 0.03 0.058 83
04/27/2020 VHT Volpara Health Technologies Lt 28.0 Placement HEALTH 312 1.3 1.315 -3
04/16/2020 PAR Paradigm Biopharmaceuticals Lt 35.0 Placement HEALTH 292 1.3 1.935 44
04/06/2020 RED Red 5 Ltd 30.9 Placement MINING 255 0.18 0.195 8
04/01/2020 BGL Bellevue Gold Ltd 26.5 Placement MINING 204 0.3 0.59 95
04/08/2020 DCN Dacian Gold Ltd 68.5 Rights MINING 169 0.3 0.37 23
04/09/2020 AVZ AVZ Minerals Ltd 1.8 Placement MINING 142 0.045 0.059 31
04/20/2020 DCN Dacian Gold Ltd 29.8 Placement MINING 139 0.3 0.37 23
04/17/2020 PET Phoslock Environmental Technol 12.0 Placement TECH 294 0.5 0.53 2
04/07/2020 DUB Dubber Corp Ltd 9.0 Placement TECH 124 0.6 0.93 66
04/09/2020 AEI Aeris Environmental Ltd 12.0 Placement TECH 104 0.43 0.6 40

 

The biggest small and micro cap deals

After a six-week IPO drought there were two new listings in April.

Additive manufacturer AML3D (ASX:AL3) and HIV and COVID-19 testing kid maker Atomo Diagnostics (ASX:AT1) both joined the ASX.

Atomo Diagnostics has more than doubled its share price since listing.

Other notable deals include a $25m rights issue for fluid-measurement device maker Impedimed (ASX:IPD) and an $8.7m placement for telco Spirit Telecom (ASX:ST1).

The biggest mining stock raising money in April was gold junior Blackham Resources (ASX:BLK), which raised another $26m in a rights issue after completing a placement in March worth the same amount.

At Stockhead we tell it like it is. While Blackham Resources is a Stockhead advertiser, it did not sponsor this article.