The month of December signals the start of the festive season, which also gives rise to an opportunity for workers to let their hair down at the beloved tradition known as the “office Christmas party”.

As a general rule, most workplace Christmas shows produce a best-on-ground performance — that one co-worker who goes above and beyond and (most likely) lives to regret it the next day.

So from the Stockhead editorial team to our readers, we hope you made it through the week unscathed.

Here are this week’s ASX Small Cap Winners & Losers:

 

ASX SMALL CAP WINNERS

MRG Metals (ASX:MRQ) +73%

The explorer had a good week, climbing by 9 per cent on Monday after releasing lab results from the first line of aircore drilling at Koka Massava, its fully owned mineral sands project in Mozambique.

Results showed high grades up to 17.64 per cent of total heavy minerals (THM) near-surface, which the company said demonstrates “the robust nature of the mineralisation”.

The stock then surged by 41.67 per cent on Wednesday, prompting a please-explain from the ASX. MRG said it wasn’t aware of any information which could have caused the surge.

The company followed up with another update on Friday, announcing plans to extend the drilling footprint at Koka Massava as it looks to prove up a mineral sands resource at the site in 2020.

Aeon Metals (ASX:AML) +70%

Shares in Aeon rose sharply on Tuesday after the company provided a market update on Walford Creek, its flagship copper-cobalt project in north Queensland.

Aeon announced an updated resource for the project, which it said “substantially increased” the expected resource tonnage.

The company also said the results comfortably underpinned all the assumptions in its October production outlook, which targeted a 3.5-million-tonne-per-annum open-pit and underground mining operation.

Here are the best performing ASX small cap stocks for December 16 – December 20 [intraday]

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Code Name Price Last Friday Price this Friday % Return Market Cap
SHK STONE RESOURCES AUSTRALIA LT 0.001 0.002 100 1.67M
MRQ MRG METALS LTD 0.011 0.019 73 19.46M
AML AEON METALS LTD 0.100 0.170 70 114.59M
NWE NORWEST ENERGY NL 0.004 0.007 56 28.31M
QTM QUANTUM HEALTH GROUP LTD 0.026 0.040 54 45.13M
NVL NATIONAL VETERINARY CARE LTD 2.360 3.600 53 241.71M
CCE CARNEGIE CLEAN ENERGY LTD 0.001 0.002 50 16.71M
TPD TALON PETROLEUM LTD 0.002 0.003 50 5.33M
AO1 ASSETOWL LTD 0.005 0.007 40 2.11M
AFR AFRICAN ENERGY RESOURCES-CDI 0.013 0.018 38 11.21M
KGD KULA GOLD LTD 0.027 0.037 37 2.18M
GIB GIBB RIVER DIAMONDS LTD 0.020 0.027 35 4.84M
TDO 3D OIL LTD 0.071 0.095 34 25.19M
WWI WEST WITS MINING LTD 0.006 0.008 33 7.50M
PRM PROMINENCE ENERGY LTD 0.002 0.002 33 2.64M
VAL VALOR RESOURCES LTD 0.003 0.004 33 7.57M
AYR ALLOY RESOURCES LTD 0.002 0.002 33 4.18M
EPM ECLIPSE METALS LTD 0.003 0.004 33 4.94M
MAG MAGMATIC RESOURCES LTD 0.170 0.225 32 34.92M
EM1 EMERGE GAMING LTD 0.013 0.017 31 11.17M
AXE ARCHER MATERIALS LTD 0.115 0.150 30 31.86M
SVD SCANDIVANADIUM LTD 0.007 0.009 29 3.17M
PWN PARKWAY MINERALS NL 0.007 0.009 29 10.98M
VML VITAL METALS LTD 0.011 0.014 27 30.00M
GO2 GO2 PEOPLE LTD/THE 0.011 0.014 27 1.65M
AC8 AUSCANN GROUP HOLDINGS LTD 0.185 0.235 27 74.51M
ICT ICOLLEGE LTD 0.043 0.054 26 28.39M

 

ASX SMALL CAP LOSERS

Pharmaxis (ASX:PXS) -44%

The biotech stock was among the worst performers this week after getting some bad news out of Germany, where its research partner Boehringer Ingelheim pulled the pin on further development of Pharmaxis’ drug treatment for NASH (non‐alcoholic fatty liver disease).

The company began the week by going into a trading halt and announcing some big news from its German partner, although it wouldn’t say whether that news was good or bad.

On Wednesday, the news turned out to be bad, as Pharmaxis announced that Boehringer was proceeding with the “discontinuation of the development of BI 1467335 for the treatment of NASH”.

CEO Gary Phillips said he was disappointed with the result, and was now looking forward to “further scientific discussion when the full data and analysis from this phase IIa clinical trial are available for review”.

Here are the worst performing ASX small cap stocks for December 16 – December 20 [intraday]

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Code Name Price last Friday Price this Friday % Return Market Cap
SI6 SIX SIGMA METALS LTD 0.004 0.003 -25 1.94M
TYX TYRANNA RESOURCES LTD 0.004 0.003 -25 2.92M
RLC REEDY LAGOON CORP LTD 0.004 0.003 -25 1.21M
GTE GREAT WESTERN EXPLORATION LTD 0.004 0.003 -25 4.34M
ANW AUS TIN MINING LTD 0.002 0.002 -25 3.91M
ALT ANALYTICA LTD 0.004 0.003 -25 10.56M
PCL PANCONTINENTAL OIL & GAS NL 0.002 0.002 -25 8.11M
DCG DECMIL GROUP LTD 0.840 0.625 -26 149.54M
HLX HELIX RESOURCES LTD 0.019 0.014 -26 6.82M
RVS REVASUM INC-CDI 0.775 0.570 -26 44.34M
FIJ FIJI KAVA LTD 0.100 0.073 -27 5.09M
SKN SKIN ELEMENTS LTD 0.014 0.010 -29 1.62M
HNG HGL LTD 0.360 0.250 -31 15.24M
MLX METALS X LTD 0.105 0.071 -32 64.42M
CAD CAENEUS MINERALS LTD 0.002 0.001 -33 2.33M
ROG RED SKY ENERGY LTD 0.003 0.002 -33 3.25M
BAS BASS OIL LTD 0.003 0.002 -33 6.68M
SBR SABRE RESOURCES LTD 0.003 0.002 -33 1.69M
PSM PENINSULA MINES LTD 0.003 0.002 -33 2.34M
MLS METALS AUSTRALIA LTD 0.002 0.001 -33 3.21M
IKW IKWEZI MINING LTD 0.003 0.002 -33 8.13M
DDD 3D RESOURCES LTD 0.002 0.001 -33 1.16M
GBP GLOBAL PETROLEUM LTD 0.030 0.020 -33 4.05M
MEI METEORIC RESOURCES NL 0.047 0.031 -34 34.77M
KOR KORAB RESOURCES LTD 0.014 0.009 -36 2.85M
SHH SHREE MINERALS LTD 0.005 0.003 -40 1.82M
PXS PHARMAXIS LTD 0.260 0.145 -44 57.23M
GLV GLOBAL OIL & GAS LTD 0.002 0.001 -50 3.13M
TDL TBG DIAGNOSTICS LTD 0.045 0.018 -60 3.92M