ASX Small Cap Winners Apr 20-27

Recycled plastic pallet maker Range International (ASX:RAN) gained 72 per cent after announcing record sales in the March quarter of $564,000.

The shares jumped from 3.9c to 6.7c.

But they’ve yet to recover after a big fall from 20c in December when the company reported delays due to manufacturing problems and a lost China contract.

The company has since cut half its staff and replaced its executive team — which is now undertaking a strategic review.

Range burned about $US3 million ($4 million) in the March quarter, leaving $US6.6 million in the kitty. It plans to spend $US2 million this quarter.

A vanadium acquisition gave Sabre Resources (ASX:SBR) a big boost — almost doubling its stock from 1.6c to 3.1c on Tuesday.

The shares finished at 2.2c for the week — a gain of 38 per cent.

Vanadium is one of the hottest commodities on the stockmarket at the moment thanks to its potential to power improved batteries.

Sabre signed a binding agreement with Kinetic Metals to buy its Speewah, Unaly and Balla vanadium projects in Western Australia.

To fund the purchase, it’s raised $1.6 million via a placement to sophisticated investors.

Sabre now plans to spin out its Namibian vanadium, zinc and lead assets into a separate company and focus on the new domestic vanadium projects.

Encouraging anomalies at CopperMoly’s (ASX:COY) Papua New Guinea copper and gold project site buoyed its stock by 44 per cent to 1.3c this week.

Gold Coast-based Coppermoly is exploring the island of New Britain in PNG for copper, gold, silver, zinc and molybdenum.

The three highest-ranked anomalies were close to its main Simuku deposit, largely within 100m of the surface.

Data manager Cirrus Networks (ASX:CNW) was leading the winners early in the week, gaining 60 per cent to 2.4c after the release of its latest quarterly results.

Cirrus reported $28 million in customer receipts in the past three months — and had $4.6 million in the bank at the end of March.

Recent contract wins with the Peter Mac centre and Austrade were contributing to rapid growth.

The shares closed up 36 per cent for the seven days at 1.9c.

Communication provider United Networks (ASX:UNL) also had a good week after telling shareholders that sales were “set to grow in Q4 from launches associated with existing and new partner activity with advance orders received”.

Sales were flat for the March quarter at $715,000 compared to $740,000 in the Christmas quarter. But operating cash-burn also fell to $392,000 from $583,000 previously.

Takeover target Mineral Deposits (ASX:MDL) surged 26 per cent after suitor ERAMET made an all-cash offer on Friday.

Shares were trading up 25 per cent at $1.46 — equal to the bid price — a 33 per cent increase to its one-month volume-weighted average.

France-based ERAMAT wants to gain ful control of a 50-50 mineral sands joint venture called “TiZir” in Senegal and Norway. ERAMET and MDL own half each.

“We believe that the TiZir asset would be best placed being wholly-owned within a larger, diversified portfolio such as ERAMAT’s. It is the right move done at the right time,” MDL shareholders were told.

Selfie drone maker IOT Group (ASX:IOT) — which is tranforming into a blockchain power provider — announced the first clients for its proposed coal-fired blockchain energy play.

The project was announced earlier this month with energy provider Hunter Energy which plans to recommission the controversial Redbank coal-fired power station 85km north-west of the NSW coastal town of Newcastle.

If the plan goes ahead, microcap IOT — it’s valued at $5 million — would build a “Blockchain Applications Complex” on the Redbank site and draw cheap power from the recommissioned plant for energy-intensive blockchain-related businesses.

IOT founder Sean Neylon believes the project “offers the potential to create a new Silicon Valley in Australia“.

That was enough to send the shares up 25 per cent to 0.5c for the week.

Meanwhile bitcoin miner and crypto investor Fatfish Internet (ASX:FFG) is off to America where it reckons its shares can get more bang for buck.

Fatfish is seeking an extra listing on the US over-the-counter (OTC) market OTCQB.

An OTC share is one traded somewhere other than on a securities exchange. Companies that can’t meet the listing requirements of primary markets can use OTC markets to trade shares.

There are three types of over-the-counter markets. OTCQB — which Fatfish is targeting — is the middle tier for early-stage stocks.

The shares put on 23 per cent to 4.8c for the week.

Here are the best performing ASX small cap stocks for Apr 20-27:

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ASX Code Company Weekly price change Price Apr 27 52wk High 52wk Low Market Cap
SYS SYNGAS 2 0.003 0.004 0.001 1.7M
MEM MEMPHASYS 1 0.002 0.004 0.001 4.5M
RAN RANGE INTERNATIONAL 0.74358974359 0.068 0.665 0.038 7.8M
KKL KOLLAKORN 0.714285714286 0.012 0.064 0.007 2.3M
MDX MINDAX 0.6 0.008 0.012 0.004 4.9M
TDO 3D OIL 0.555555555556 0.07 0.085 0.036 14.3M
AQS AQUIS ENTERTAINMENT 0.551724137931 0.045 0.065 0.029 8.3M
VPR VOLT POWER GROUP 0.5 0.003 0.006 0.001 16.5M
COY COPPERMOLY 0.444444444444 0.013 0.024 0.009 17.9M
SER STRATEGIC ENERGY 0.4 0.007 0.013 0.004 5.9M
SBR SABRE 0.375 0.022 0.031 0.008 6.1M
CNW CIRRUS NETWORKS 0.357142857143 0.019 0.026 0.014 16.0M
CZR COZIRON RESOURCES 0.35 0.027 0.037 0.01 48.2M
AVQ AXIOM MINING 0.347826086957 0.155 0.285 0.1 59.4M
UNL UNITED NETWORKS 0.333333333333 0.04 0.2 0.029 5.0M
AMT ALLEGRA ORTHOPAEDICS 0.333333333333 0.16 0.2 0.12 11.9M
JKA JACKA RESOURCES 0.333333333333 0.004 0.007 0.002 1.6M
HCH HOT CHILI 0.3 0.039 0.043 0.022 23.5M
IVX INVION 0.296296296296 0.035 0.058 0.002 207.6M
CPH CRESO PHARMA 0.275590551181 0.81 1.65 0.39 84.3M
TRY TROY RESOURCES 0.272727272727 0.14 0.16 0.065 66.6M
MDL MINERAL DEPOSITS 0.26724137931 1.47 1.475 0.5 228.5M
MYQ MYFIZIQ 0.259259259259 0.68 1.65 0.03 55.3M
XST XSTATE RESOURCES 0.25 0.01 0.018 0.005 7.1M
THD THRED 0.25 0.005 0.039 0.004 6.6M
RRS RANGE RESOURCES 0.25 0.005 0.007 0.002 30.4M
KGM KALNORTH GOLD 0.25 0.01 0.018 0.007 8.0M
HDY HARDEY RESOURCES 0.25 0.005 0.043 0.004 5.3M
TER TERRACOM 0.25 0.25 0.34 0.15 84.8M
JAL JAMESON RESOURCES 0.25 0.125 0.17 0.075 30.8M

 

ASX Small Cap Losers Apr 20-27

Shares in iSelect dived after the comparison website’s CEO resigned and the company cut its profit guidance, partly due to reducing its search engine marketing.

iSelect (ASX:ISU) dropped 68 per cent on Monday morning — from Friday’s close of $1 to an intraday low of 32.5c on Monday — after announcing an earnings downgrade of almost two-thirds of previous forecasts.

The shares recovered somewhat to 51c by Friday’s close — a fall of 49 per cent for the week.

The company says full year underlying earnings will now be between $8 million and $12 million, down from the previous forecast made in February of $26 million to $29 million.

Scott Wilson, who was appointed managing director and CEO in October 2015, tendered his resignation effective immediately.

Here are the worst performing ASX small cap stocks for Apr 20-27:

Scroll to reveal the full table. Best viewed on a laptop or desktop:

ASX Code Company Weekly price change Price Apr 27 52wk High 52wk Low Market Cap
AJC ACACIA COAL -0.5 0.001 0.007 0.001 2.4M
ISU ISELECT -0.49 0.51 2.26 0.325 104.7M
RLC REEDYAGOON -0.459459459459 0.02 0.075 0.012 8.0M
OSP OSPREY MEDIC -0.44 0.14 0.507 0.14 59.4M
SBI STERLING PLANTATIONS -0.36 0.016 0.1 0.008 975.0k
BKP BARAKA ENERGY -0.333333333333 0.002 0.004 0.001 8.2M
RCP REDBANK COPPER -0.324324324324 0.025 0.1 0.02 2.9M
WPG WPG RESOURCES -0.307692307692 0.018 0.077 0.015 19.1M
SIX SPRINTEX -0.285714285714 0.1 0.36 0.1 14.0M
ANS AUSTSINO RESOURCES -0.277777777778 0.013 0.024 0.006 68.5M
ZNO ZOONO GROUP -0.270833333333 0.175 0.53 0.084 30.2M
COO CORUM GROUP -0.258064516129 0.023 0.05 0.023 7.2M
RXH REWARDLE -0.25 0.009 0.04 0.007 2.9M
WCN WHITE CLIFF MINERALS -0.25 0.003 0.008 0.002 10.3M
LNY LANEWAY RESOURCES -0.25 0.003 0.006 0.002 10.0M
EER EAST ENERGY RESOURCES -0.25 0.003 0.01 0.002 1.1M
DW8 DAWINE -0.25 0.006 0.02 0.006 4.1M
CUX CROSSLAND STRATEGIC -0.25 0.006 0.01 0.004 6.1M
APG AUSTPAC RESOURCES -0.25 0.003 0.012 0.003 5.0M
SFI SPOOKFISH -0.245901639344 0.046 0.105 0.046 57.4M
FRC FORTE CONSOLIDATED -0.242424242424 0.025 0.04 0.02 6.1M
SPB SOUTH PACIFIC -0.235294117647 0.013 0.04 0.009 2.2M
IVR INVESTIGATOR -0.235294117647 0.013 0.04 0.009 9.6M
IEC INTRA ENERGY -0.230769230769 0.01 0.02 0.006 3.9M
CT1 CCP TECHNOLOGIES -0.227272727273 0.017 0.047 0.014 6.6M
HRN HORIZON GOLD -0.210526315789 0.15 0.35 0.15 11.5M
AVC AUCTUS -0.210526315789 0.045 0.066 0.03 12.7M
QTM QUANTUM ENERGY -0.208333333333 0.019 0.03 0.01 25.9M
BIQ BUILDINGIQ -0.206896551724 0.069 0.16 0.034 19.3M
CLI CROPLOGIC -0.205882352941 0.054 0.175 0.042 7.4M
UBI UNIVERSAL -0.203703703704 0.215 0.46 0.21 37.1M
VAR VARISCAN MINES -0.2 0.004 0.015 0.004 4.1M