ASX Small Cap Winners Jun 8-15

Bosnia-focused Adriatic Metals (ASX:ADT) more than doubled this week after positive results from initial drilling at its Vares project in Bosnia & Herzegovina.

The shares jumped 110 per cent to close at 41c on Friday.

Drilling had delivered a “combination of highest grade and thickest intercept to-date” including 64 metres at 4.6 grams of gold per tonne, 537g/t of silver and 10.8% of zinc.

Adriatic’s CEO Geraint Harris said the “exciting” results were “some of the highest grade polymetallic results on the ASX” and “had the potential to add significant tonnes to any future resource”.

Loss-making web developer Asia Pacific Digital (ASX:DIG) also doubled this week after a takeover offer from newly listed marketing agency Trimantium GrowthOps (ASX:TGO).

The shares climbed 103 per cent to 12c — though that’s well down on the 45c they were fetching in late 2016.

Asia Pacific Digital had been looking for a suitor since losing its major client Ford which it said in February had “negatively affected four consecutive reporting periods”.

Trimantium (ASX:TGO) has made a $20 million all-scrip takeover bid.

3D printer maker Robo 3D (ASX:RBO) jumped after buying a US eduction outfit that supplies 3D printable kits designed for schools.

Robo 3D will pay the owners of MyStemKits $US2 million ($2.6 million) in a cash and scrip deal.

The shares soared 68 per cent after the deal and settled up 41 per cent for the week at 3.1c — though still well down on their one-year high of 7.2c.

Robo 3D reckons the education market is a great distribution channels for its printers.

Though investors might recall that strategy didn’t work too well for another ASX-listed 3D printer stock, 333D — which now makes bobbleheads.

Jindalee Resources (ASX:JRL) gained 55 per cent to 32.5c for the week after adding a second project to its US lithium portfolio.

Jindalee staked a claim on a 19.6 sq km plot of land on the border of Nevada and Oregon, following an earlier acquisition.

The projects were acquired for the cost of field work, staking and filing the relevant claims, Jindalee said.

Jindalee compared the area’s lithium-bearing clays to Lithium America’s (TSX:LAC) “Thacker Pass” project 30km south which recently reported a resource of 532.7 metric tonnes at 2921 parts per million of lithium.

Power supply maker Rectifier Technologies (ASX:RFT) put on 52 per cent after winning a $US5 million order from Brisbane-based Tritium which makes fast chargers for electric vehicles.

Tritium bought power supply units for electric vehicle charging. The orders are due to be delivered in 2018 and are binding purchase orders.

More orders are expected, Rectifer said.

Baraka Energy (ASX:BKP) doubled to 0.4c for the week after a group of shareholders moved to turn over the board.

Baraka said shareholders representing 5.19 per cent of the register asked for a general meeting to replace three directors. The meeting is due within two months.

Drone-killer Droneshield (ASX: DRO) shot up 22 per cent this week after winning its first multi-million dollar order, selling 70 of its Dronegun tactical jammers to an undisclosed Middle Eastern country for $3.2 million.

Droneshield says it’s the biggest known order ever placed for anti-drone equipment globally.

It’s certainly the biggest deal the company has inked so far, having received just $35,780 in cash receipts from customers last quarter despite highlighting a $100 million “pipeline” as far back as October.

Here are the best performing ASX small cap stocks for Jun 8-15:

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ASX code Company One-week price change Price Jun 8 (intraday) Market Cap
ADT ADRIATIC 1.05128205128 0.4 41.9M
DIG ASIA PACIFIC DIG 1.03389830508 0.12 8.6M
MNB MINBOS RESOURCES 1 0.004 16.0M
MEM MEMPHASYS 1 0.002 7.7M
MDX MINDAX 0.833333333333 0.011 7.4M
JRL JINDALEE RESOURC 0.571428571429 0.33 11.3M
WOF WOLF PETROLEUM 0.555555555556 0.014 6.4M
RFT RECTIFIER TECHNO 0.52380952381 0.032 47.8M
TMK TAMASKA OIL & GA 0.5 0.003 5.9M
PCH PROPERTY CONNECT 0.5 0.003 2.4M
JKA JACKA RESOURCES 0.5 0.003 2.3M
IOT IOT GROUP 0.5 0.003 3.2M
BKP BARAKA ENERGY AN 0.5 0.003 5.3M
DSE DROPSUITE 0.489361702128 0.07 27.9M
WSI WESTSTAR INDUSTR 0.375 0.022 7.4M
RBO ROBO 3D 0.363636363636 0.03 8.1M
AHN ATHENA RESOURCES 0.363636363636 0.045 9.8M
GLL GALILEE ENERGY 0.34375 0.215 34.1M
SMA SMARTTRANS HLDS 0.333333333333 0.004 26.3M
MOX MONAX MINING 0.333333333333 0.004 2.9M
EXO ENNOX GROUP 0.333333333333 0.004 3.1M
PSA PETSEC ENERGY 0.318181818182 0.145 42.7M
IEC INTRA ENERGY COR 0.3 0.013 5.0M
CVS CERVANTES CORP 0.285714285714 0.009 4.4M
RDM RED METAL 0.272727272727 0.14 24.2M
EME ENERGY METALS 0.25 0.2 35.6M
VPC VELPIC 0.25 0.005 4.5M
SRO SHAREROOT 0.25 0.005 6.2M
EER EAST ENERGY RESO 0.25 0.005 1.8M
CLZ CLASSIC MINERALS 0.25 0.005 6.9M
CYQ CYCLIQ GROUP 0.25 0.015 10.1M
TBH TOPBETTA HOLDING 0.238095238095 0.13 18.5M
OPG OPUS GROUP 0.2375 0.495 40.6M
INV INVESTSMART GROU 0.235294117647 0.21 25.9M
KRL KANGAROO RESOURC 0.222222222222 0.066 212.9M
KKL KOLLAKORN CORP 0.222222222222 0.011 1.9M
BRN BRAINCHIP HOLDIN 0.217391304348 0.14 123.0M
TNT TESSERENT 0.216666666667 0.073 8.7M
DRO DRONESHIELD 0.216216216216 0.225 34.8M

 

ASX Small Cap Losers Jun 8-15

Graphite explorer Battery Minerals (ASX:BAT) lost $US30 million of funding — and 28 per cent of its share price value — after a private equity mining investor pulled out because “the graphite market no longer meets its investment criteria”.

Private equity investor Resource Capital Funds, which specialises in mining investments around the world, had only last month agreed to help fund the project in Mozambique.

The shares finished down 28 per cent for the week at 3.5c.

Here are the worst performing ASX small cap stocks for Jun 8-15:

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

ASX code Company One-week price change Price Jun 15 (intraday) Market Cap
TKF TIKFORCE -0.4 0.003 581.6k
IVT INVENTIS -0.375 0.005 5.6M
T3D 333D -0.333333333333 0.002 1.8M
SYS SYNGAS -0.333333333333 0.002 1.2M
SKN SKIN ELEMENTS -0.333333333333 0.04 3.9M
KLH KALIA -0.333333333333 0.006 20.1M
MHC MANHATTAN CORP -0.3125 0.011 1.8M
QFY QUANTIFY TECHNOL -0.307692307692 0.027 17.0M
UNL UNITED NETWORKS -0.289473684211 0.027 3.4M
GBZ GBM RESOURCES -0.285714285714 0.005 5.2M
BAT BATTERY MINERALS -0.285714285714 0.035 29.5M
ALT ANALYTICA -0.285714285714 0.005 16.7M
BIT BIOTRON -0.28 0.018 9.3M
BLA BLUE SKY ALTERNA -0.263392857143 1.65 122.5M
AQS AQUIS ENTERTAINM -0.25 0.03 7.4M
XPE XPED -0.25 0.003 4.5M
WGL WANGLE TECHNOLOG -0.25 0.003 3.3M
THD THRED -0.25 0.003 7.2M
SHK STONE RESOURCES -0.25 0.003 2.4M
RMI RESOURCE MINING -0.25 0.006 2.4M
PVL POWERHOUSE VENTU -0.25 0.18 5.2M
OEX OILEX -0.25 0.003 6.0M
NWE NORWEST ENERGY -0.25 0.003 10.1M
LIN LINDIAN RESOURCE -0.25 0.012 4.3M
GGE GRAND GULF ENERG -0.25 0.003 2.3M
CHP CHAPMANS -0.25 0.003 3.6M
AYM AUSTRALIA UNITED -0.25 0.003 3.8M
ELS ELSIGHT -0.245762711864 0.445 47.5M
VRC VOLT RESOURCES -0.241379310345 0.022 34.2M
DNA DONACO INTL -0.241025641026 0.148 119.6M
ZNO ZOONO GROUP -0.235294117647 0.13 22.0M
RXM REX MINERALS -0.235294117647 0.13 28.7M
RFN REFFIND -0.230769230769 0.01 5.2M
HWK HAWKSTONE MINING -0.227272727273 0.017 6.6M