Weekly ASX small cap wrap: Who rode waves all the way in this week?

News Daniel Paproth
Weekly ASX small cap wrap: Who rode waves all the way in this week?

Picture: Getty Images/Brook Mitchell

ASX small cap winners January 14-18

Titanium Sands (ASX:TSL) was this week’s biggest winner, with its shares rising 62 per cent over the course of the week, to as high as 2.1c.

The company didn’t have any news out, however. But back in December it ended a 21-month hiatus and was finally reinstated to the ASX, after raising $6 million to focus on its Sri Lankan mineral sands project.

Robot house builder FBR (ASX:FBR) got a tap on the shoulder from the ASX this week, which wanted to know why the company’s share price had risen as much as 61 per cent to 11.3c this week.

“The company believes there has been a lag in the market distilling and understanding the information contained within the announcements on 4 December 2018 and 5 December 2018,” it replied.

“The announcements highlighted the discontinuation of the MoU with Caterpillar and the strategic decision to change the company’s business model for the Hadrian technology to Wall as a Service (WaaS) due to higher potential returns to shareholders.”

It also reckons hype for an upcoming demonstration of its technology is a reason for the run.

Cougar Metals (ASX:CGM) shares jumped 50 per cent to 0.3c this morning after the company said drone surveys had identified new targets ripe for mining.

“Results of the interpretation have highlighted three new exploration targets with the most significant corresponding to a big structural complex north of the El Boldo artisanal mine, located on the property, with an azimuth that matches the azimuth of the structure hosting the mineralisation at that mine,” it told investors.

Finally a bit of good news for shareholders of troubled health food maker Murray River Organics (ASX:MRG) — shares went up 44 per cent to 13.5c!

The company, which has a had a rough couple of years, told investors it was increasing prices of its dried vine fruit “to ensure growers receive a fair return for their fruit commensurate with global pricing trends which have seen a doubling of pricing in comparable global grower markets in the last few years”.

The slow recovery in retail tech stock Kogan.com (ASX:KGN) continued this week, with the company telling investors the Christmas trading period had delivered record numbers.

Kogan.com shares sat at 16-month lows in November, as it tried its hand at superannuation and credit cards in an effort to turn around the slump.

The stock rose 37 per cent this week to $4.38, after revealing Black Friday and Boxing Day sales produced “record days in the history of the company”.

Atomos (ASX:AMS) shares rose 36 per cent to 91.5c as it resolved a patent dispute with the maker of the ‘camera that changed Hollywood’.

Red made the camera Peter Jackson used to film Lord of The Rings, while ‘explosions-plus’ filmmaker Michael Bay used it for Transformers: The Last Knight.

Atomos has signed a royalty-based licence agreement with Red covering some patents. They relate to two RAW formats used in Atomos products: ProRes RAW and CinemaDNG. The recording or playback of these formats is what Red alleged was in breach of their patents.

It identified the patent dispute as a key risk in its prospectus, before it listed in December. But it also said the royalties will not impact much on earnings.

Atomos said the two companies have become closer through these negotiations, and both hope this leads to joint business opportunities in the future.

Here are the best performing ASX small cap stocks for January 14-18:

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ASX code Company Last price Price Monday market open One-week price change Market Cap
TSL TITANIUM SANDS LTD 0.021 0.013 62% $11.3m
FBR FBR LTD 0.113 0.07 61% $149m
TV2 TV2U INTERNATIONAL LTD 0.008 0.005 60% $14.6m
CLY CLANCY EXPLORATION LTD 0.002 0.001 50% $5.3m
CGM COUGAR METALS NL 0.003 0.002 50% $2.9m
EFE EASTERN IRON LTD 0.006 0.004 50% $2.5m
HCO HYLEA METALS LTD 0.002 0.001 50% $4.2m
KLH KALIA LTD 0.003 0.002 50% $7.5m
IHR INTELLIHR HOLDINGS LTD 0.2 0.135 48% $21.1m
ZGL ZICOM GROUP LTD 0.081 0.055 47% $17.6m
MRG MURRAY RIVER ORGANICS GROUP 0.135 0.094 44% $52.0m
AUZ AUSTRALIAN MINES LTD 0.048 0.034 41% $124.1m
CVS CERVANTES CORP LTD 0.007 0.005 40% $3.5m
SPB SOUTH PACIFIC RESOURCES LTD 0.007 0.005 40% $1.2m
PRL PETREL ENERGY LTD 0.004 0.003 40% $7.2m
CDX CARDIEX LTD 0.051 0.037 38% $30.3m
KGN KOGAN.COM LTD 4.38 3.19 37% $372.0m
ROO ROOTS SUSTAINABLE AGRICU-CDI 0.115 0.084 37% $7.4m
KAS KASBAH RESOURCES LTD 0.115 0.084 37% $11.7m
AMS ATOMOS LTD 0.915 0.675 36% $149.0m
FNT FRONTIER RESOURCES LTD 0.012 0.009 33% $5.8m
DDT DATADOT TECHNOLOGY LTD 0.004 0.003 33% $3.7m
LNY LANEWAY RESOURCES LTD 0.004 0.003 33% $16.6m
EN1 ENGAGE:BDR LTD 0.016 0.012 33% $4.6m
FPL FREMONT PETROLEUM CORP LTD 0.008 0.006 33% $9.9m
VAL VALOR RESOURCES LTD 0.004 0.003 33% $7.6m
NSX NSX LTD 0.21 0.16 31% $36.7m
CSE COPPER STRIKE LTD 0.155 0.12 29% $16.0m
TYM TYMLEZ GROUP LTD 0.225 0.175 29% $31.3m
K2F K2FLY LTD 0.16 0.125 28% $10.7m
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ASX small cap losers January 14-18

Shares in Connexion Telematics (ASX:CXZ) fell 29 per cent this week, to 1.2c, despite news the company had launched its OnTRAC fleet management software for General Motors’ (GM) Courtesy Transportation Program (CTP).

And over at Energy Technologies (ASX:EGY) there was a 67 per cent drop to 0.3c as it detailed a proposed recapitalisation.

It’s complicated, but the company and its lenders, including the holders of debentures and notes issued by the company and its subsidiary, Bambach Wire & Cables, have agreed to convert all of their existing unredeemed and unconverted debt into ordinary shares in the company.

Here are the worst performing ASX small cap stocks for January 14-18:

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ASX code Company Last price Price Monday market open One-week price change Market Cap
EGY ENERGY TECHNOLOGIES LTD 0.003 0.009 -67% $1.0m
GGX GAS2GRID LTD 0.003 0.006 -50% $3.4m
IKW IKWEZI MINING LTD 0.001 0.002 -50% $4.0m
BPH BPH ENERGY LTD 0.001 0.002 -33% $2.4m
LKO LAKES OIL NL 0.001 0.002 -33% $30.7m
NIU NIUMINCO GROUP LTD 0.001 0.002 -33% $2.8m
RNY RNY PROPERTY TRUST 0.004 0.006 -33% $1.0m
LHB LIONHUB GROUP LTD 0.007 0.01 -30% $5.8m
CXZ CONNEXION TELEMATICS LTD 0.012 0.017 -29% $10.1m
RIM RIMFIRE PACIFIC MINING NL 0.005 0.007 -29% $5.3m
PSM PENINSULA MINES LTD 0.005 0.006 -25% $3.9m
EPM ECLIPSE METALS LTD 0.003 0.004 -25% $3.4m
GLA GLADIATOR RESOURCES LTD 0.002 0.002 -25% $1.8m
QFY QUANTIFY TECHNOLOGY HOLDINGS 0.006 0.008 -25% $5.9m
UTR ULTRACHARGE LTD 0.006 0.008 -25% $5.6m
TTA TTA HOLDINGS LTD 0.016 0.021 -24% $2.2m
HCH HOT CHILI LTD 0.01 0.013 -23% $7.8m
MGV MUSGRAVE MINERALS LTD 0.085 0.11 -23% $32.1m
CMC CHINA MAGNESIUM CORP LTD 0.018 0.023 -22% $6.3m
PPL PUREPROFILE LTD 0.055 0.07 -21% $6.6m
IVQ INVITROCUE LTD 0.07 0.088 -20% $36.0m
DDD 3D RESOURCES LTD 0.002 0.003 -20% $1.9m
ANL AMANI GOLD LTD 0.004 0.005 -20% $6.8m
AOA AUSMON RESOURCES LTD 0.004 0.005 -20% $2.2m
BLY BOART LONGYEAR LTD 0.004 0.005 -20% $105.1m
PCL PANCONTINENTAL OIL & GAS NL 0.002 0.003 -20% $10.8m
DSE DROPSUITE LTD 0.029 0.035 -17% $13.4m
CLZ CLASSIC MINERALS LTD 0.003 0.003 -17% $5.4m
WordPress Table

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