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Weekly ASX Small Cap Wrap: It’s a red crab week
Mining
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Despite showing some signs of strength today, the Australian bourse is poised to close the week in the red, much like how Christmas Island is currently swamped by the annual migration of its iconic red crabs.
Roads on the distant Australian island have been shut down by the waves of crabs heading for their breeding grounds for some nookie.
That’s unlike the market, which has been hit by concerns that the US will tighten its monetary policy and impact on the recovery from the pandemic.
As of midday, the ASX 200 is down 0.84% for the week.
ASX SMALL CAP WINNERS
Here are the best performing ASX small cap stocks for November 12 – November 19 [intraday]:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | ReturnWRoll% | MktCap$ |
|---|---|---|---|---|
| OAK | Oakridge | 0.002 | 100 | $ 6,878,585.84 |
| PCL | Pancontinental Energ | 0.002 | 100 | $ 7,034,222.81 |
| IDZ | Indoor Skydive Aust | 0.047 | 88 | $ 15,151,504.46 |
| LCY | Legacy Iron Ore | 0.025 | 79 | $ 179,332,678.48 |
| EMT | Emetals Limited | 0.023 | 64 | $ 6,225,000.00 |
| HAW | Hawthorn Resources | 0.09 | 64 | $ 33,351,561.30 |
| X2M | X2M Connect Limited | 0.235 | 62 | $ 11,310,456.48 |
| ECT | Env Clean Tech Ltd. | 0.059 | 59 | $ 70,972,154.93 |
| ICI | Icandy Interactive | 0.15 | 53 | $ 79,396,668.59 |
| GRV | Greenvale Mining Ltd | 0.395 | 52 | $ 162,747,378.66 |
| KOR | Korab Resources | 0.075 | 50 | $ 27,895,800.00 |
| NPM | Newpeak Metals | 0.0015 | 50 | $ 11,055,152.65 |
| PBX | Pacific Bauxite Ltd | 0.003 | 50 | $ 1,189,842.10 |
| STM | Sunstone Metals Ltd | 0.0995 | 49 | $ 234,876,702.80 |
| EFE | Eastern Iron | 0.078 | 42 | $ 74,289,988.29 |
| FFG | Fatfish Group | 0.0765 | 42 | $ 77,709,740.78 |
| MEM | Memphasys Ltd | 0.1 | 41 | $ 78,425,655.36 |
| ELE | Elmore Ltd | 0.025 | 39 | $ 15,366,613.77 |
| MI6 | Minerals260Limited | 0.685 | 38 | $ 149,600,000.00 |
| PNR | Pantoro Limited | 0.325 | 38 | $ 464,969,570.34 |
| CPN | Caspin Resources | 1.155 | 38 | $ 80,992,023.60 |
| LVE | Love Group Global | 0.15 | 36 | $ 6,080,125.35 |
| KWR | Kingwest Resources | 0.19 | 36 | $ 45,905,999.75 |
| HMD | Heramed Limited | 0.305 | 36 | $ 55,814,433.57 |
| RAN | Range International | 0.023 | 35 | $ 18,957,600.65 |
| DEV | Devex Resources Ltd | 0.51 | 32 | $ 146,221,134.33 |
| KMT | Kopore Metals Ltd | 0.037 | 32 | $ 23,879,389.30 |
| TLM | Talisman Mining | 0.185 | 32 | $ 35,670,504.43 |
| MOZ | Mosaic Brands Ltd | 0.78 | 31 | $ 69,597,309.60 |
| MKL | Mighty Kingdom Ltd | 0.19 | 31 | $ 19,706,307.24 |
| TRT | Todd River Res Ltd | 0.099 | 30 | $ 50,846,101.40 |
| ENX | Enegex Limited | 0.1 | 30 | $ 14,700,026.75 |
Oakridge (ASX:OAK), Pancontinental Energy (ASX:PCL) +100%
Both Oakridge and Pancontinental jumped on no news this week.
Legacy Iron Ore (ASX:LCY) +79%, Hawthorn Resources (ASX:HAW) +64%
Shares in the two companies climbed after reaching a farm-out deal with Hancock Prospecting.
Gina Rinehart’s company will make an initial investment of $9m ($8m in cash and $1m as working capital) to earn an initial 30% interest in the Mt Bevan magnetite iron ore project.
It can earn a further 21% by funding the completion of a pre-feasibility study.
eMetals (ASX:EMT) +64%
Shares in the company soared after reaching a binding agreement to acquire the 469sqkm Salmon Gums project that is prospective for ionic clay (IAC) rare earths in Western Australia’s Eucla Basin.
IAC deposits are typically found in southern China and are commonly considered to be some of the cheapest and most readily accessible sources of heavy rare earths, as well as making up a significant percentage of the world’s total output.
This is also well-timed as rare earth prices have hit decade highs.
ASX SMALL CAP LOSERS
Here are the worst performing ASX small cap stocks for November 12 – November 19 [intraday]:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % 1 Week | MktCap$ |
|---|---|---|---|---|
| GGG | Greenland Minerals | 0.076 | -39 | $ 104,838,032.99 |
| TYM | Tymlez Group | 0.022 | -35 | $ 23,684,436.55 |
| MNS | Magnis Energy Tech | 0.445 | -35 | $ 480,294,421.68 |
| OVT | Ovato Limited | 0.002 | -33 | $ 24,425,624.50 |
| TOM | Tomizone Limited | 0.002 | -33 | $ 850,401.35 |
| CPH | Creso Pharma Ltd | 0.1025 | -29 | $ 120,811,172.00 |
| MHK | Metalhawk. | 0.305 | -28 | $ 14,431,195.17 |
| LDR | Lode Resources | 0.22 | -27 | $ 7,726,261.93 |
| MCE | Matrix C & E Ltd | 0.165 | -27 | $ 17,906,250.08 |
| PCH | Property Connect | 0.0015 | -25 | $ 1,028,795.21 |
| TNG | TNG Limited | 0.075 | -25 | $ 109,684,213.04 |
| PH2 | Pure Hydrogen Corp | 0.57 | -23 | $ 188,325,517.80 |
| AIM | Ai-Media Technologie | 0.755 | -23 | $ 163,413,989.70 |
| PAK | Pacific American Hld | 0.018 | -22 | $ 7,513,910.21 |
| KAI | Kairos Minerals Ltd | 0.0295 | -20 | $ 48,628,936.40 |
| GLA | Gladiator Resources | 0.028 | -20 | $ 12,586,587.41 |
| AER | Aeeris Ltd | 0.16 | -20 | $ 11,330,217.28 |
| AO1 | Assetowl Limited | 0.004 | -20 | $ 3,264,820.42 |
| LAM | Laramide Res Ltd | 0.93 | -20 | $ 1,143,046.26 |
| AGY | Argosy Minerals Ltd | 0.27 | -19 | $ 351,024,323.16 |
| IQ3 | Iq3Corp Limited | 0.125 | -19 | $ 13,042,625.13 |
| ERG | Eneco Refresh Ltd | 0.03 | -19 | $ 8,170,750.41 |
| IVX | Invion Ltd | 0.022 | -19 | $ 134,890,608.91 |
| TTB | Total Brain Ltd | 0.11 | -19 | $ 14,006,068.76 |
| VEE | Veem Ltd | 0.96 | -18 | $ 125,540,493.10 |
| EVZ | EVZ Limited | 0.135 | -18 | $ 13,456,342.76 |
| XTC | Xantippe Res Ltd | 0.0045 | -18 | $ 20,382,822.01 |
| AAP | Australian Agri Ltd | 0.027 | -18 | $ 8,236,123.90 |
Greenland Minerals (ASX:GGG) -39%
Greenland Minerals continues to feel the impact of last week’s announcement that the Greenland government had passed new legislation banning mining of mineral resources with uranium content of 100 parts per million or greater in the total resource.
Read MoreIron Ore
