Weekly ASX small cap wrap: Who rode waves all the way in this week?
News
News
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:
Swipe or scroll to reveal full table. Click headings to sort
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 |
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:
Swipe or scroll to reveal full table. Click headings to sort
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 |