ASX Small Cap Winners Mar 5-9

Cancer drug developer Bard1 Life Sciences (ASX:BD1) was the winner of the week, up 160 per cent to 2.6c.

Bard1 touched 3.3c on Thursday after telling investors on Tuesday that independent testing confirmed high accuracy for detection of ovarian cancer with 89 per cent sensitivity (the number of patients correctly identified as having cancer) and 82 per cent specificity (the number of people identified as not having cancer).

The results follow previously announced study results from January — confirming the test’s robustness and potential utility as a diagnostic aide for early detection of ovarian cancer, the company says.

BARD1 Life Sciences shares over the past month (ASX:BD1).
BARD1 Life Sciences shares over the past month (ASX:BD1).

Gold producer Blackham Resources (ASX:BLK) made something of a recovery last week after telling investors it had logged another record month of gold production.

The shares surged 62 per cent for the week to close at 8.1c compared to 5c the previous Friday.

Record production hit 6713 ounces for February, topping the previous record of 6498 ounces in January.

Blackham is well down on its high of 54c a year ago, however.

The company’s loss from continuing operations for the December half was $14.4 million.

Blackham, which began commercial production at its Matilda-Wiluna mine in Western Australia at the start of 2017, has been bogged down with problems including missed production targets and high costs.

Cancer drug developer Patrys (ASX:PAB) has continued to soar since after the announcement of positive results on February 28.

The stock was up 70 per cent this week to 5.6c — on top of a 50 per cent jump last week to 3.3c.

Last month Patrys reported evidence to show its brain tumour treatment could cross the blood-brain barrier and reduce the size of growths.

The last trial showed drug candidate PAT‐ DX1 killed cancer cells in the lab, and the latest one shows that is works on mice with human glioblastoma tumour implants as well.

Patrys will now prepare for clinical trials in 2019.

Troubled law firm Slater and Gordon (ASX:SGH) has continued to ralley.

It closed up 42 per cent this week after rejoining the All Ords.

The law firm updated the market last week with half-year results from its “transformation” program.

Slater and Gordon reported an 18 per cent fall in revenue to $96 million for the December half and a net loss of $21.2 million. But fundamentals were strong and rationalisation of its operations were progressing, the firm said.

The shares hit a low of $1.18 last month compared to a 12-month high of $15 a year ago.

They finished this week at exactly $4.

Positive results sent Immuron (ASX:IMC) on a wild ride this week.

The shares traded as high as 55.5c on Thursday after news of positive study results for its anti-inflammation drug.

Profit-takers then pushed the stock back down to 39c at the close on Friday — still up 44 per cent for the week.

The Aussie drug-maker is developing and commercialising treatments for inflammatory and infectious disease, starting with liver enzymes for patients with NASH — a disease that causes liver damage.

“This is truly a proof-of-concept for this first-in-class drug candidate. The potential clinical applications for this drug candidate are numerous and very exciting indeed,” said the study’s lead investigator Professor Arun Sanyal.

Junior nickel and copper play Boadicea Resources (ASX:BOA) surged 38 per cent to 18c after starting a follow-up electromagnetic survey.

Earlier this year Boadicea reported four significant anomalies at the Bell Ringer project targeting nickel and copper in Western Australia.

Now, the survey will refine the anomalies ahead of priority drill testing. First results are expected in three to four weeks.

Here are last week’s best performing ASX small cap stocks:

Scroll for full list. This table may be best viewed on a laptop or desktop.

Ticker Name One-week price change Price Mar 9 Price Mar 2 Market Cap
BD1 BARD1 LIFE SCIENCES 1.6 0.026 0.01 21517876
PAB PATRYS 0.69696969697 0.056 0.033 54034124
BLK BLACKHAM RESOURCES 0.62 0.081 0.05 102504600
AFT AFT CORP 0.5 0.0015 0.001 9020528
GGX GAS2GRID 0.5 0.003 0.002 3097227.25
RMT RMA ENERGY 0.5 0.003 0.002 6300707
IMC IMMURON 0.444444444444 0.39 0.27 60778268
1AG ALTERRA 0.428571428571 0.06 0.042 9477599
SGH SLATER & GORDON 0.423487544484 4 2.81 276718400
BOA BOADICEA RESOURCES 0.384615384615 0.18 0.13 8814541
MSP MAXSEC GROUP 0.375 0.022 0.016 10384240
RAP RESAPP HEALTH 0.333333333333 0.14 0.105 82379952
EMP EMPEROR ENERGY 0.333333333333 0.004 0.003 3463431
MEM MEMPHASYS 0.333333333333 0.002 0.0015 4458829
TMZ THOMSON RESOURCES 0.333333333333 0.06 0.045 5186407.5
HXG HEXAGON RESOURCES 0.314285714286 0.23 0.175 54005152
GMN GOLD MOUNTAIN 0.3 0.13 0.1 59241408
CT1 CCP TECHNOLOGIES 0.3 0.026 0.02 8392282
AOA AUSMON RESOURCES 0.285714285714 0.009 0.007 2573475.5
SMI SANTANA MINERALS 0.285714285714 0.018 0.014 4739723
WRR WORLD REACH LIMITED 0.285714285714 0.18 0.14 7402283.5
RES RESOURCE GENERATION 0.283333333333 0.077 0.06 40696624
ACB A-CAP RESOURCES 0.277777777778 0.046 0.036 38362936
ADR ADHERIUM 0.265060240964 0.105 0.083 20001598
AVD ANTILLES OIL AND GAS NL 0.25 0.025 0.02 3746669
IVX INVION 0.25 0.02 0.016 117455472
SBI STERLING PLANTATIONS 0.25 0.01 0.008 520000
IGE INTEGRATED GREEN ENERGY SOLU 0.25 0.25 0.2 74088928
KGD KULA GOLD 0.25 0.03 0.024 11269741
OEC ORBITAL CORP 0.246376811594 0.43 0.345 37524068
BNO BIONOMICS 0.24358974359 0.485 0.39 226736016

 

ASX Small Cap Losers Mar 5-9

Besieged franchiser Retail Food Group lost 42 per cent to $1.18 after the closure of 66 stores in the December half — a period in which RFG posted a loss of $87.8 million.

On top of those closures, RFG may be forced to close more than a third of its Australian operations over the next three years according to investment bank UBS.

UBS said additional closures would likely focus on food outlets in RFG’s network of franchised stores, including Michel’s Patisserie, Donut King and Gloria Jeans. The number of closures could reach 450 by 2020, UBS believes.

Analysts from the bank have also downgraded their earnings forecasts and put a sell-rating on the company’s stock (ASX:RFG), with a target price of 90c.

Junior miner MetMinco (ASX:MNC) plunged 59 per cent his week but told the ASX it had no unnannounced information to explain an increase in trading.

MetMinco announced on Monday it would be undertaking a seven-for-two renounceable rights issue at 1c to raise up to $5.1 million.

The money will speed up a gold exploration program in Colombia.

The company said it was in the process of appointing a new board and executive team.

The shares closed Friday at 1.6c, down from 3.9c seven days earlier.

Here are last week’s worst performing ASX small cap stocks:

Scroll for full list. This table may be best viewed on a laptop or desktop:

Ticker Name One-week price change Price Mar 9 Price Mar 2 Market Cap
NOX NOXOPHARM -0.224080267559 1.16 1.495 118479528
LBT LBT INNOVATIONS -0.225 0.155 0.2 23804856
CAE CANNINDAH RESOURCES -0.22641509434 0.041 0.053 5810490.5
FYI FYI RESOURCES -0.230769230769 0.1 0.13 15871092
NME NEX METALS EXPLORATION -0.25 0.021 0.028 3207056
AJC ACACIA COAL -0.25 0.0015 0.002 3161401.75
BDI BLINA MINERALS NL -0.25 0.0015 0.002 6470824
PRL PETREL ENERGY -0.25 0.003 0.004 5057804
ROG RED SKY ENERGY -0.25 0.003 0.004 1826183.75
RNL RISION -0.25 0.003 0.004 5530184
SHK STONE RESOURCES AUSTRALIA LT -0.25 0.003 0.004 2408631.5
IEC INTRA ENERGY CORP -0.25 0.015 0.02 7366756.5
FE8 FASTER ENTERPRISES -0.28 0.054 0.075 5987812
AS1 ANGEL SEAFOOD HOLDINGS -0.282051282051 0.14 0.195 16953016
HDY HARDEY RESOURCES -0.285714285714 0.005 0.007 5096578
DSX DECIMAL SOFTWARE -0.305555555556 0.025 0.036 8841648
RXH REWARDLE HOLDINGS -0.318181818182 0.015 0.022 4914638
MXR MAXIMUS RESOURCES -0.333333333333 0.001 0.0015 3027302
PPY PAPYRUS AUSTRALIA -0.333333333333 0.016 0.024 3538392.25
GWR GWR GROUP -0.34375 0.21 0.32 51761356
EPM ECLIPSE METALS -0.363636363636 0.007 0.011 6892044.5
GLA GLADIATOR RESOURCES -0.375 0.005 0.008 4326002
BMG BMG RESOURCES -0.380952380952 0.013 0.021 5018482.5
RFG RETAIL FOOD GROUP -0.419117647059 1.185 2.04 217467152
CUL CULLEN RESOURCES -0.5 0.001 0.002 2598560.25
FCR FERRUM CRESCENT -0.5 0.001 0.002 3055281.5
JVG JV GLOBAL -0.5 0.001 0.002 2506445.25
LKO LAKES OIL NL -0.5 0.001 0.002 55211136
SSN SAMSON OIL & GAS -0.5 0.001 0.002 3283000.5
MNC METMINCO -0.589743589744 0.016 0.039 2544006
ORM ORION METALS -0.6 0.02 0.05 7701949
ARK AUSROC METALS -0.83 0.17 1 16905664