ASX Small Cap Winners Feb 9-16

Cannindah Resources (ASX:CAE) was one of the best performers of the week, climbing 71 per cent after getting drilling underway at its Piccadilly gold mine in Queensland.

A 7-hole drilling program is now underway.

Late last year sampling at the mine showed high-grade gold results of 5m at 5.64 grams of gold per tonne including 2m at 13.7 g/t.

Anything above 5 grams per tonne is considered high grade.

The shares closed at 4.8c on Friday — up from 2.8c seven days earlier.

AgTech Roots Sustainable Agriculture Technologies (ASX:ROO) put on 51 per cent.

The Israeli company makes high-tech underground temperature systems that increase harvest output and enable crops to be grown out-of-season.

Roots this week began shipping its technology to China under a five-year, $24 million partnership with Chinese partner Dagan Agricultural Automation.

The shares closed the week at 53c, up from 35c the previous Friday.

Anti-counterfeiter DataDot (ASX:DDT) moved ahead 45 per cent after agreeing on terms to merge with a technology subsidiary of South Australian food producer Beston (ASX:BFC).

DataDot uses microdots, originally developed by the CSIRO, to watermark property and trace everything from documents and currency to pharmaceuticals, cars, wine and casino chips.

The merged company would expand to protect against theft and counterfeiting of food products.

The shares climbed from 0.55c to 0.8c for the week.

Online personal loan marketplace DirectMoney (ASX:DM1) jumped 63 per cent after announcing that Alceon, an alternative investment manager with $1 billion of assets under management, would take a strategic stake in the company.

Alceon would initially buy 3.1 per cent of the company for $600,000 at 4.2c a share — a 56 per cent premium to the stock’s February 9 price — with a further option to increase the stake.

The shares closed the week at 4.4c compared to 2.7c a week earlier.

Child-tracker MGM Wireless (ASX:MWR) discovered Australia has a lot more anxious parents than previously thought — and its shares went up 55 per cent.

MGM, which sells a device called Spacetalk that tracks the whereabouts of children, told investors it now expects to sell 120,000 to 180,000 units in Australia after stronger than expected initial sales.

Spacetalk is a $350 children’s phone, GPS tracker and watch that allows parents and children to be in constant contact.

The company said in September it needed to sell 10,000 watches in the following year to double revenue.

Since launching the product in October, MGM now says it has exceeded sales targets by more than 150 per cent – and projects the market to be worth between $30 million and $60 million a year.

MGM shares climbed from 67c to $1.06 for the week.

FYI Resources (ASX:FYI), a producer of high purity alumina for use in electric cars and mobile phones, jumped 62 per cent after announced “outstanding metallurgical test results” in a pre-feasibility study at its Cadoux Kaolin project in Western Australia.

“The combined attributes of a high grade and excellent recovery of the alumina product should have a significant impact on the project’s economic metrics,” said FYI boss Roland Hill.

“Cadoux continues to demonstrate its superior qualities, amenability and suitability to the production of commercial high purity alumina using conventional processing techniques and equipment.”

The shares soared from 8c to 12.5c this week.

In its first ruby update since November, Mustang Resources (ASX:MUS) told investors it’s still getting “strong” production from its Mozambique ruby mine.

Mustang fell from grace at the end of October when reports began to leak out from its inaugural ruby auction that less than half of the lots sold.

After the resignation of head honcho Christiaan Jordaan and a swift public shift of focus onto its graphite operation, Mustang is now ready to admit it’s still in the ruby business.

The news sent shares up 29 per cent for the week to 3c on Friday  — still a long way off the dizzying heights of 18.5c before the auction.

Here are the best performing ASX small cap stocks for Feb 9-16:

This table may be best viewed on a laptop or desktop:

ASX Code Name Change Feb 9-16 Price Feb 16 Price Feb 9 52wk High 52wk Low Market Cap
CUL CULLEN RESOURCES 1 0.002 0.001 0.003 0.001 3897840.25
CAE CANNINDAH RESOURCES 0.714285714286 0.048 0.028 0.15 0.013 7085964
POZ POZ MINERALS 0.639344262295 0.1 0.061 0.1 0.02 16766833
DM1 DIRECTMONEY 0.62962962963 0.044 0.027 0.075 0.023 19127028
FYI FYI RESOURCES 0.625 0.13 0.08 0.15 0.02 12825707
ANL AMANI GOLD 0.571428571429 0.022 0.014 0.047 0.013 21926292
MWR MGM WIRELESS 0.55223880597 1.04 0.67 1.4 0.3435 11072968
ROO ROOTS SUSTAINABLE AGRICULTURE 0.514285714286 0.53 0.35 0.67 0.3 28975000
ARO ASTRO RESOURCES 0.5 0.003 0.002 0.004 0.002 2648782
MNB MINBOS RESOURCES 0.5 0.003 0.002 0.008 0.002 7375517
DDT DATADOT TECHNOLOGY 0.454545454545 0.008 0.0055 0.013 0.003 4863638
ANW AUS TIN MINING 0.434782608696 0.033 0.023 0.038 0.006 62821464
AKF ASK FUNDING 0.388888888889 0.025 0.018 0.06 0.018 1451021.375
IAM INTIGER GROUP 0.388888888889 0.025 0.018 0.08 0.008 34447396
POW PROTEAN ENERGY 0.375 0.044 0.032 0.1348 0.0018 12566393
FFG FATFISH INTERNET GROUP 0.358490566038 0.072 0.053 0.1275 0.007 30059554
TNO TANDO RESOURCES 0.351851851852 0.365 0.27 0.54 0.205 9455171
AUL AUSTAR GOLD 0.333333333333 0.008 0.006 0.014 0.006 13664632
EHH EAGLE HEALTH HOLDINGS 0.333333333333 0.3 0.225 0.45 0.225 84388064
IKW IKWEZI MINING 0.333333333333 0.004 0.003 0.007 0.003 4065000
SUH SOUTHERN HEMISPHERE MINING 0.333333333333 0.12 0.09 0.22 0.03 10216336
WCN WHITE CLIFF MINERALS 0.333333333333 0.004 0.003 0.008 0.002 11596866
RCW RIGHTCROWD 0.325 0.53 0.4 0.565 0.26 67222848
BNR BULLETIN RESOURCES 0.323529411765 0.045 0.034 0.045 0.028 7171723
SKN SKIN ELEMENTS 0.3 0.13 0.1 0.19 0.1 9714375
MUS MUSTANG RESOURCES 0.291666666667 0.031 0.024 0.2 0.023 23143002
FHS FREEHILL MINING 0.287878787879 0.085 0.066 0.17 0.065 30971000
RIR RIVA RESOURCES 0.285714285714 0.009 0.007 0.0305 0.003 19627114
SDL SUNDANCE RESOURCES 0.285714285714 0.009 0.007 0.011 0.003 63675348
AUC AUSGOLD 0.282051282051 0.05 0.039 0.056 0.0201 28857478
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ASX Small Cap Losers Feb 9-16

Biotech Memphasys (ASX:MEM) dropped 50 per cent after it was named as a defendant in a writ issued in the Supreme Court of Victoria on behalf of its former financiers.

Memphasys told investors the writ claimed “damages interest and costs relating to a series of financing agreements between MEM and the lenders entered into between March and June 2017″.

The amount of the claim was not specified.

The shares closed at 0.1c down from 0.2c the previous Friday.

Botswana-focused natural gas developer Tlou Energy (ASX:TOU) fell 36 per cent after revealing the local government had requested the re-tendering of development requests for a power plant project.

Tlou will have to re-tender against another company under a new process.

The shares fell to 17c on Friday compared to 26c seven days earlier.

Choccie-maker Yowie Group (ASX:YOW) got spat out this week after revealing it would miss its previously revised forecast revenue.

US sales for the March quarter were so far “materially behind the same period last year” due to a “significant and aggressive” competitor.

Stockhead reported that an investor group is building a minority shareholder position in the stock.

Yowie dropped 31 per cent for the week, ending at 10c compared to 14.5c the previous Friday.

Meanwhile Dreamscape (ASX:DN8) investors rushed for the exit after the owner of domain registrar Crazy Domains slashed its earnings forecasts in half.

Dreamscape said earnings would be between $2.8 million and $3.2 million compared to $5.2 million in the six months immediately prior.

The shares plummeted 43 per cent after they came out of a trading halt — and finished the week down 30 per cent at 16c.

Dreamscape says it’s taking steps to cut costs, but the benefits won’t be felt until the second half of calendar 2018.

Here are the worst performing ASX small cap stocks for Feb 9-16:

This table may be best viewed on a laptop or desktop:

ASX Code Name Change Feb 9-16 Price Feb 16 Price Feb 9 52wk High 52wk Low Market Cap
GO2 GO2 PEOPLE -0.176470588235 0.14 0.17 0.2 0.12 16515042
TDO 3D OIL -0.18 0.041 0.05 0.085 0.035 10688535
RMG RMG -0.181818181818 0.018 0.022 0.025 0.009 9383068
TAS TASMAN RESOURCES -0.181818181818 0.09 0.11 0.3 0.076 36901116
PDI PREDICTIVE DISCOVERY -0.186046511628 0.035 0.043 0.1376 0.033 8264972.5
LRM LUSTRUM MINERALS -0.189189189189 0.15 0.185 0.255 0.13 6000000
PPL PUREPROFILE -0.190909090909 0.089 0.11 0.45 0.089 10805445
EER EAST ENERGY RESOURCES -0.2 0.004 0.005 0.01 0.004 1425923.75
ENX ENEGEX -0.2 0.016 0.02 0.029 0.01 1287995.75
GGE GRAND GULF ENERGY -0.2 0.004 0.005 0.0065 0.002 3069995.5
OEX OILEX -0.2 0.004 0.005 0.007 0.002 7479811
DNA DONACO INTL -0.203389830508 0.235 0.295 0.6 0.235 207349504
QIP QANTM INTELLECTUAL PROPERTY -0.222222222222 1.12 1.44 2.1 1.09 152839984
IVX INVION -0.230769230769 0.017 0.0221 0.0241 0.0016 112003296
FUN FUNTASTIC -0.232558139535 0.165 0.215 0.375 0.082 18780222
ITL INTEGRATED MEDIA TECHNOLOGY -0.243323442136 5.1 6.74 6.8 5.1 13482416
EMP EMPEROR ENERGY -0.25 0.003 0.004 0.0054 0.002 2597573.25
AJJ ASIAN AMERICAN MEDICAL GROUP -0.25 0.075 0.1 0.125 0.075 22331456
PMP PMP -0.25 0.345 0.46 0.85 0.34 178564288
MUA MITULA GROUP -0.254545454545 0.41 0.55 1.075 0.43 94779032
WLC WOLLONGONG COAL -0.266666666667 0.011 0.015 0.015 0.004 112403728
AAU ADCORP AUSTRALIA -0.272727272727 0.008 0.011 0.02 0.005 1456238.5
APG AUSTPAC RESOURCES NL -0.285714285714 0.005 0.007 0.012 0.005 8848713
KNO KNOSYS -0.285714285714 0.1 0.14 0.24 0.046 10678417
KTA KRAKATOA RESOURCES -0.288888888889 0.032 0.045 0.1817 0.032 3200000
FEI FE INVESTMENTS GROUP -0.297297297297 0.13 0.185 0.36 0.12 18861528
RCP REDBANK COPPER -0.3 0.042 0.06 0.1 0.02 7018313.5
DN8 DREAMSCAPE NETWORKS -0.304347826087 0.16 0.23 0.25 0.125 60104868
YOW YOWIE GROUP -0.310344827586 0.1 0.145 0.545 0.098 21313540
MXR MAXIMUS RESOURCES -0.333333333333 0.001 0.0015 0.0035 0.001 3027302
TOU TLOU ENERGY -0.365384615385 0.165 0.26 0.29 0.097 62599620
MRD MOUNT RIDLEY MINES -0.384615384615 0.008 0.013 0.017 0.004 12171466
BDI BLINA MINERALS -0.5 0.001 0.002 0.003 0.001 5645824
MEM MEMPHASYS -0.5 0.001 0.002 0.004 0.0007 4449642.5
FYA FORTUNE ASIA GROUP -0.75 0.02 0.08 0.08 0.03 7280000
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