ASX Small Cap Winners Jan 19-25

Jessica Rudd is the winner of the (short) trading week after selling 45 per cent of her online retailer Jessica’s Suitcase to China-based e-tailer eCargo (ASX:ECG).

eCargo shares surged more than 230 per cent on Monday after the former PM’s daughter made the announcement.

The store is run through Alibaba’s massive online mall Tmall. Ms Rudd will join the eCargo board.

eCargo shares shot to a 52-week high of 33c on Monday. They fell back quickly — closing Thursday at 19c — but still logged a 126 per cent gain for the short week (Friday Jan 19 to Thursday Jan 25).

The lawyer, author and ‘mummy blogger’ previously lived in Beijing for five years, and now represents product ranges from Aussie brands the likes of Penfolds, Wolf Blass, skincare brand Sukin and fellow ASX-listed goat milk formula maker Bubs (ASX:BUB).

eCargo shareholders went for a wild ride this week.
eCargo shareholders went for a wild ride this week.

Graphite producers are in a sweet spot at the moment, with higher prices amid growing demand from battery makers and reports of tightening supply.

Graphite producer Battery Minerals (ASX:BAT) had a great week, with three straight gains following from a new sales agreement and board restructure.

On Monday the company announced it had pre-sold 80 per cent of forecast production from a Mozambique graphite project after signing a fourth off-take (future sales) deal.

Battery Minerals said it was now “moving rapidly towards development and production at its Montepuez graphite project in Mozambique”.

Under the latest, binding deal, Chinese battery anode producer Qingdao Keshuo New Materials Technology will take 10,000 tonnes a year of graphite concentrate.

Ahead of production, Battery appointed two new directors — geologist Ivy Chen and finance expert Jeff Dowling (a former director of NRW, S2 Resources and Sirius Resources among others).

The stock ended the trading week up 31 per cent at 9.2c.

Another graphite play, Renascor Resources, gained 17.5 per cent for the week after early testing produced high-quality spherical graphite from a deposit in South Australia.

Graphite flakes are rated by size as small, medium, large or jumbo. Bigger flakes tend to be higher in purity and attract higher prices. Battery grade is the most expensive at 99.9 per cent purity.

Renascor’s shares — which have doubled in the past six months — ended Thursday at 4.7c, up from 4c the previous Friday.

Silver City Minerals (ASX:SCI) made a healthy 20 per cent gain for the week after announcing it has already hit strong copper sulphide mineralisation — just two holes into a follow-up drilling program at its Broken Hill Copper Blow project.

The shares jumped from 3.9c last Friday to 4.7c at Thurday’s close.

Strong copper sulphide mineralisation was identified in numerous massive magnetite-sulphide veins in both holes, Silver City reported on Monday.

The veins are characteristic of iron oxide copper-gold deposits such as those which occur in Queensland (Ernest Henry and Selwyn) and in South Australia (Olympic Dam and Prominent Hill).

Copper Blow is located 20km south of Broken Hill, which is traditionally known for silver, lead and zinc – but investigations by Silver City show this western NSW mining district also contains an abundance of copper and gold.

Suda Pharmaceuticals (ASX:SUD) — which makes oral spray drug delivery systems — put on 21 per cent after finalising the global rights to anagrelide, “an anti-thrombotic agent that has recently shown promise as a novel anti-cancer agent”.

Stockhead columnist Tim Boreham labelled the biotech “undervalued” earlier this week.

SUDA plans to formulate a spray version of anagrelide using its “OroMist” technology, which it says could potentially avoid side-effects when taken as an oral capsule.

Suda shares climbed from 1.4c to 1.7c for the week.

Mobile game maker Anomica Brands (ASX:AB1) — which more than doubled last week on strong sales of its latest battle game — moved ahead again after signing a deal to publish cryptocurrency game CryptoKitties in China.

The stock is a 10-bagger for those who bought last year around 1c and sold at highs above 11c on Thursday. The shares climbed 22 per cent this week to finish at 8.6c.

Here are the best performing ASX small cap stocks for Jan 19-25:

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ASX Small Cap Losers Jan 19-25

At the other end of the table, investors dumped shares in shell company Zyber Holdings which had been seen as a potential blockchain play.

The shares closed down 48 per cent for the week after Peter Wall, a partner at Perth law firm Steinepreis Paganin, stepped down to be replaced by mining executive Bernard Crawford.

Zyber shares (ASX:ZYB) began to rocket in December from 1.2c to a year-high of 4.6c on the back of speculation it was going to be a reverse takeover vehicle for a blockchain business.

The shares close Thursday at 2.3c.

Here are the worst performing ASX small cap stocks for Jan 19-25:

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