ASX Small Cap Winners Oct 16-29

MGC Pharma shareholders applauded this week as the cannabis producer announced a deal that would make it Australia’s highest paid cannabis supplier.

MGC (ASX:MXC) doubled to 7.5c on Friday following news it would supply  15,000kg a month of cannabidiol cosmetic products to Korean cosmetics maker Varm Cosmo.

The deal will deliver $40 million in annual revenue for MGC.

“It marks the culmination of much work in building our operations and our brand within this emerging market,” MGC chief Roby Zomer said.

It was a great week for newly christened tech stocks with SenSen Networks, Mobecom, and Nanollose all enjoying strong starts to life on the ASX.

Robo-parking cop provider SenSen Networks – which floated via a back-door listing through Orpheus Energy, hit 20c in its Wednesday debut — double its offer price of 10c.

(Sen Sen changed its code from OEG to SNS on Friday.)

The shares closed Friday at 17c – up 75 per cent for the week.

SenSen develops car-mounted “smart sensors” that can automatically read number plates at normal driving speeds. They can also be installed at fixed locations to catch offenders in school zones or clearways.

Mobecom (ASX:MBM) started trading at a premium on the ASX Tuesday after raising $5.1 million at 20c a share and completing a back-door listing through Waratah Resources.

The digital marketer’s shares soared as high as 37c on Wednesday — compared to an issue price of 20c.

Mobecom manages a loyalty platform called airBux, which allows points from an airline, bank, or daily coffee order to be redeemed for rewards at other businesses such as a dry cleaner, restaurant or travel agent.

Mobecom closed up 50 per cent for the week at 30c.

Nanollose — an innovative Aussie outfit that makes plant-free fibres from liquid bio-mass such as beer, wine and food waste — enjoyed a 30 per cent jump on its first day of trading.

Nanollose (ASX:NC6) debuted on the ASX Wednesday after raising $5 million by selling shares for 20c each.

The group is tapping into a trend for sustainable fashion which “is transforming product design and manufacturing”, McKinsey’s 2017 State of Fashion report found in December.

In some markets, more than 65 per cent of consumers actively seek out sustainable fashion and products, McKinsey reported.

Nanollose closed the week at 35c – a 75 per cent premium to its issue price.

Peel Mining shares jumped as much as 73 per cent following exceptional zinc drill intercepts at a new discovery in NSW.

Peel Mining timed its discovery of the new Southern Nights prospect perfectly with the zinc price at 10-year highs.

Mineralisation at the prospect ranked as the best the company had encountered to date, Peel told investors. Subject to tests it could be the best intercept encountered since Peel’s  inception a decade ago.

The Pilbara rush continued apace, with Sayona Mining and Korab Resources both enjoying big price jumps after gold-related announcements.

Sayona told investors recent geological work at a site called Deep Well had identified Fortescue Group rocks prospective for conglomerate-hosted gold.

The Fortescue Group is made up of mafic volcanic rocks found in the Fortescue Basin in the Pilbara Craton which are known to host gold and other minerals.

The stock (ASX:SYA) jumped 31 per cent to 1.7c, with more than 150 million shares changing hands.

Meanwhile Korab Resources snapped up seven exploration licence applications prospective for Witwatersrand-style conglomerate gold.

Witwatersrand refers to the Witwatersrand Basin in South Africa — a geological formation that houses the world’s biggest known gold reserves, producing 2 billion ounces or about half of gold ever mined.

Korab (ASX:KOR) jumped as much as 43 per cent to an intraday high of 4c before cooling to 3.5c — still up 25 per cent for the day.

Korab finished the week at 2.8c.

Here are the best performing ASX Small Cap stocks for Oct 16-29:

Ticker Name % Chg (5-day) Price 52wk High 52wk Low Market Cap
AIR ASTIVITA 1.75 0.066 0.08 0.024 3553243.75
LPD LEPIDICO 1.30851 0.028 0.037 0.0089 73618480
ADO ANTEO DIAGNOSTICS 1 0.019 0.059 0.007 23055132
ABL ABILENE OIL AND GAS 1 0.013 0.014 0.007 5566601
TEX TARGET ENERGY 1 0.002 0.003 0.001 2578013
MXC MGC PHARMA 0.9737 0.075 0.12 0.035 41671128
MYQ MYFIZIQ 0.95 0.075 0.08 0.03 6165007.5
AUZ AUSTRALIAN MINES 0.875 0.045 0.065 0.007 144750528
SNS SENSEN NETWORKS 0.75 0.16 0.2 0.1 65945972
NC6 NANOLLOSE 0.75 0.35 0.32 0.23 18749998
HHM HAMPTON HILL MINING 0.666667 0.025 0.035 0.01 5893540
FFC FARMAFORCE 0.666667 0.125 0.18 0.075 15937622
RMI RESOURCE MINING CORP 0.636364 0.025 0.028 0.004 5332812
HNR HANNANS 0.615385 0.021 0.026 0.009 35335452
GME GME RESOURCES 0.6 0.165 0.19 0.025 74175416
POZ POZ MINERALS 0.59375 0.051 0.051 0.02 8525585
NEU NEUREN PHARMACEUTICALS 0.582278 0.12 0.135 0.041 254598288
PEX PEEL MINING 0.568182 0.33 0.38 0.14 57713660
AHK ARK MINES 0.5625 0.125 0.25 0.049 6141188.5
WGL WANGLE TECHNOLOGIES 0.555556 0.015 0.057 0.008 12956219
GTR GTI RESOURCES 0.545455 0.017 0.042 0.01 1583833.5
MNC METMINCO 0.521739 0.07 0.2 0.039 8904021
DTR DATELINE RESOURCES 0.5 0.03 0.044 0.01 18922310
HMO HEARMEOUT 0.5 0.195 0.3 0.07 12823198
AYM AUSTRALIA UNITED MINING 0.5 0.003 0.004 0.001 3808598
USA URANIUMSA 0.5 0.009 0.016 0.006 3203201.5
MBM MOBECOM 0.5 0.3 0.37 0.24 54785488
KCN KINGSGATE CONSOLIDATED 0.491803 0.465 0.54 0.185 101731152
MZZ MATADOR MINING 0.489362 0.32 0.35 0.19 8347500
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ASX Small Cap Losers Oct 16-29

At the other end of the table, Netccentric shares fell 29 per cent to 2c after a fight boardroom fight spilled into the public.

A fight that’s been brewing for months among the co-founders of Netccentric exploded, with legal threats and calls to rid the board of the ex-CEO.

The Netccentric (ASX:NCL) board wants shareholders to vote out Cheo Ming Shen, who resigned as chief executive in January.

Here are the worst performing ASX Small Cap stocks for Oct 16-29:

Ticker Name % Chg (5-day) Price 52wk High 52wk Low Market Cap
MCX MARINER CORP -0.477612 0.035 0.08 0.033 480832.875
AKF ASK FUNDING -0.428571 0.032 0.063 0.032 2110576.5
COM COMOPS -0.363636 0.006 0.016 0.006 5542274
VMG VDM GROUP -0.333333 0.001 0.003 0.001 5477661
LKO LAKES OIL NL -0.333333 0.0025 0.003 0.001 51961104
CTL CENTENNIAL MINING -0.285714 0.015 0.032 0.011 10581674
PMY PACIFICO MINERALS -0.285714 0.005 0.01 0.004 3706828.25
NCL NETCCENTRIC -0.285714 0.02 0.052 0.02 5250000
XIP XENITH IP GROUP -0.268657 1.255 3.219 1 108413752
TTA TTA HOLDINGS -0.268293 0.026 0.045 0.026 4122702
FFG FATFISH INTERNET GROUP -0.265306 0.035 0.052 0.007 12581618
AXT ARGO EXPLORATION -0.264706 0.025 0.055 0.013 4574250
SFH SPECIALTY FASHION GROUP -0.264151 0.195 0.655 0.19 37486044
CEL CHALLENGER ENERGY -0.259259 0.02 0.059 0.01 7789336
PUR PURSUIT MINERALS -0.25 0.19 2.001 0.165 12747241
RCP REDBANK COPPER -0.25 0.0015 0.003 0.001 3509145.5
RRS RANGE RESOURCES -0.25 0.0025 0.008 0.002 22787492
SBU SIBURAN RESOURCES -0.25 0.003 0.011 0.002 2093496.25
LNY LANEWAY RESOURCES -0.25 0.003 0.005 0.002 9182000
TGA THORN GROUP -0.245536 0.8525 1.96 0.75 134577696
HGL HUDSON INVESTMENT GROUP -0.238095 0.032 0.042 0.03 8973340
CAE CANNINDAH RESOURCES -0.238095 0.033 0.15 0.011 3522423.5
WBE WHITEBARK ENERGY -0.230769 0.01 0.019 0.006 8352643
EPD EMPIRED -0.230216 0.565 0.695 0.42 85374192
CZR COZIRON RESOURCES -0.228571 0.023 0.036 0.009 47309884
GBR GREAT BOULDER RESOURCES -0.227273 0.2 0.23 0.096 11626980
AAU ADCORP AUSTRALIA -0.222222 0.007 0.02 0.005 1274208.625
RBR RBR GROUP -0.222222 0.007 0.011 0.004 3951752.75
SM8 SHARK MITIGATION SYSTEMS -0.215385 0.051 0.19 0.027 3411346.75
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