ASX Small Cap Winners Sep 21-28

HIV drug developer Biotron (ASX:BIT) was the week’s big winner after announcing positive results for its most recent drug trial.

The stock soared 128 per cent to 4.1c for the week — it’s highest point in almost two years.

Biotron has for many years been developing a small-molecule therapy, BIT225, to treat viral infections including HIV-1 and hepatitis C.

HIV-1 is the most common and infectious variety of HIV.

On Friday the biotech announced the drug was “having a unique effect in patients, over and above viral suppression seen with current antiretroviral drugs” in phase 2 trials.

Biotron boss Dr Michelle Miller said the test results were “a major step to the ultimate goal of curing HIV-1 infection”.

Takeover talk had Capricorn Metals (ASX:CMM) shares riding high this week.

The stock closed up 37 per cent at 8.1c afte confirming speculation in Mining News that it had received an offer from $2 billion miner Regis Resources (ASX:RRL).

The bid is for a scrip acquisition of Capricorn at 11.4c valuing the company at $85.2 million.

“While discussions are continuing, there is no certainty that an agreement will be reached at any future time which may be capable of being put to shareholders for consideration,” the group said.

Lithium producer Tawana Resources (ASX:TAW) moved ahead 32 per cent to 33c after securing the $40 million it needs to pursue an ASX listing with Singapore-listed merger partner Alliance Mineral Assets.

Tawana holds a 50 per cent interest in a lithium and tantalum mine in the eastern Goldfields of Western Australia, which started commercial production in July.

Its shares dived earlier this month when investors were told a proposed merger with Alliance would not meet the ASX’s requirements for a listing.

Lithium hopeful Lepidico (ASX:LPD) jumped ahead — and attracted an ASX query followed by news that a share placement had closed oversubscribed.

The $7.9 million placement — priced at 1.9c — will go towards developing a pilot plant that will produce battery-grade lithium carbonate from non-conventional sources, including mine waste.

The stock finished the week up 47 per cent at 2.8c.

Underwater drone maker UUV Aquabotix (ASX:UUV) steamed ahead 43 per cent to 7c this week despite reporting lower revenue and a bigger loss for the June half.

Revenue fell 80 per cent to $60,000 and losses widened 43 per cent to $3.3 million after the group downsized and refocused on the defence market.

But investors liked the news this wek that UUV — which develops armed underwater drones that operate in a swarm — had been invoted to join something called the Information Warfare Research Project consortium.

The consortium focuses on “advancing information warfare capabilities to enhance United States Navy and United States Marine Corps mission effectiveness”.

UUV hopes membership of the group will bring sales leads and faster product development.

Here are the best performing ASX small cap stocks for Sep 21-28:

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ASX code Company One-week price change Price Sep 28 Market Cap
BIT BIOTRON 1.27777777778 0.041 10.0M
RMG RMG 0.666666666667 0.02 10.8M
SKN SKIN ELEMENTS 0.592592592593 0.043 5.2M
AXT ARGO EXPLORATION 0.583333333333 0.019 3.3M
RES RESOURCE GENERAT 0.566037735849 0.083 44.8M
FIG FREEDOM INSURANC 0.551724137931 0.135 26.4M
T3D 333D 0.5 0.003 2.6M
LPD LEPIDICO 0.473684210526 0.028 82.3M
UUV UUV 0.428571428571 0.07 10.9M
VRX VENTNOR RESOURCE 0.421052631579 0.135 49.2M
ACB A-CAP RESOURCES 0.414634146341 0.058 35.7M
ICU ISENTRIC 0.409090909091 0.031 4.0M
IS3 I SYNERGY GROUP 0.4 0.21 33.4M
OIL OPTISCAN IMA 0.377777777778 0.062 25.1M
CMM CAPRICORN METALS 0.372881355932 0.081 63.6M
MIL MILLENNIUM SERVI 0.354545454545 0.745 32.6M
SXX SOUTHERN CROSS 0.333333333333 0.008 8.6M
SUR SUN RESOURCES NL 0.333333333333 0.004 2.6M
S3R SERPENTINE TECHN 0.333333333333 0.004 2.2M
OEX OILEX 0.333333333333 0.004 9.1M
MRV MORETON RESOURCE 0.333333333333 0.008 24.8M
IKW IKWEZI MINING 0.333333333333 0.004 3.0M
IBX IMAGION BIOSYSTE 0.333333333333 0.06 12.9M
HCO HYLEA METALS 0.333333333333 0.004 8.4M
EER EAST ENERGY RESO 0.333333333333 0.004 12.8M
CGM COUGAR METALS NL 0.333333333333 0.004 3.7M

ASX Small Cap Losers Sep 21-28

After months of speculation, Pancontinental (ASX:PCL) hit a dry hole in its first much-hyped Cormorant exploration well — and hence became the loser of the week.

A dry hole is when no oil or gas is found.

The stock fell 57 per cent for the week to 0.3c.

On Monday, chief John Begg described the result as “disappointing”.

“We’ve been years building to this point,” he told Stockhead. “We know there is a working oil source in the area, but the trap hasn’t worked, basically.” An oil trap is a pool of oil trapped underground.

“It’s the nature of exploration. This was a very well credentialed well and with companies with tremendous insights into exploration… but it hasn’t in this instance been successful.”

Here are the worst performing ASX small cap stocks for Sep 21-28:

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ASX code Company One-week price change Price Sep 28 Market Cap
PCL PANCONTINENTAL -0.571428571429 0.003 16.2M
AJC ACACIA COAL -0.5 0.001 2.0M
TBR TRIBUNE RES -0.465714285714 5.61 250.5M
AIY AUTHORISED INVES -0.458333333333 0.026 11.2M
RND RAND MINING -0.439205955335 2.26 135.9M
AQX ALICE QUEEN -0.407407407407 0.016 8.7M
GBP GLOBAL PETROLEUM -0.345454545455 0.036 6.9M
VMG VDM GROUP -0.333333333333 0.002 11.8M
VAR VARISCAN MINES -0.333333333333 0.002 2.5M
SHK STONE RESOURCES -0.333333333333 0.002 1.6M
DHR DARK HORSE RESOU -0.333333333333 0.008 15.4M
AHN ATHENA RESOURCES -0.333333333333 0.01 2.6M
RAW RAWSON OIL AND G -0.289473684211 0.027 3.2M
AIS AERIS RESOURCES -0.288256227758 0.2 98.0M
AQS AQUIS ENTERTAINM -0.285714285714 0.02 3.7M
CCE CARNEGIE CLEAN E -0.25 0.009 28.8M
PGS PLANET GAS -0.25 0.003 1.6M
LCY LEGACY IRON ORE -0.25 0.003 5.9M
IVO INVIGOR GROUP -0.25 0.006 10.1M
NC6 NANOLLOSE -0.230769230769 0.1 8.2M
FYI FYI RESOURCES -0.224 0.097 18.6M
GRV GREENVALE ENERGY -0.216216216216 0.029 2.7M
GWR GWR GROUP -0.214285714286 0.11 27.8M
AEB AFFINITY ENERGY -0.214285714286 0.011 11.2M
POD PODIUM MINERALS -0.212121212121 0.052 6.4M
VKA VIKING MINES -0.208333333333 0.019 7.5M
BID BIDENERGY -0.205882352941 0.135 107.4M
ACR ACRUX -0.2 0.22 37.5M