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ASX small cap winners December 10-14

Tech company Flamingo AI (ASX:FGO) was one of the week’s biggest winners, with its shares rising 67 per cent over the course of the week to 2c.

The company signed a deal for ‘self-organising library’ software called LIBBY with US insurer Nationwide Mutual.

Nationwide Mutual has been undertaking paid trials of Flamingo AI products since 2015 and said in October, after a trial, that it didn’t want to actually pay for the Cognitive Virtual Assistant product for its auto insurance line.

Miner Ramelius Resources (ASX:RMS) made an “improved, best and final” off-market takeover offer for sought-after gold junior Explaurum (ASX:EXU) on Thursday.

And investors approved, sending the Explaurum shares up 26 per cent this week to 11c per share.

The dramatic three-month wrestle for Explaurum looked to be over in late November, after mid-tier gold miner Ramelius bailed on its hostile takeover bid because it couldn’t beat an alternative offer made by Alkane Resources (ASX:ALK).

West StarIndustrial (ASX:WSI) shares rose 31 per cent this week to 1.7c after revealed its engineering business had won an $8m contract for Tianqi’s lithium plant in Western Australia.

As reported by Stockhead, it is the largest contract awarded to WestStar (ASX:WSI) subsidiary SIMPEC.

Shares spiked over 92 per cent to an intra-day high of 2.5c on Tuesday morning.

Shares in cyber crime fighter WhiteHawk (ASX:WHK) enjoyed a 30 per cent bump this week, rising to 7.4c on Friday.

The company inked a deal with an unnamed US “top 12” defence industrial base company with annual revenue of over $5 billion.

Northern Cobalt (ASX:N27) says its “Running Creek” prospect has become a priority target after an IP survey identified what could be a huge copper and cobalt deposit at depth.

Investors loved the news, sending the explorer up almost 38 per cent to 9c late on Friday.

Induced Polarisation (IP) is a geophysical method used to identify the electrical charge-ability of minerals below the earth’s surface, which helps explorers focus their drilling programs.

And foresting company Midway (ASX:MWY) shot up 7pc to an all-time high of $3.33 on news that China will pay on average 11 per cent more for Australian woodchips next year.

The company told investors this morning that recent contract negotiations had led to major Chinese customers agreeing to an average price increase of 11pc for Midway woodchip export volumes in the first half of the 2019 calendar year.

The increase will see Chinese customers paying on average $252 per bone dry tonne for Midway’s flagship eucalyptus globulus woodchips. Midway says this will have a “positive impact” on its bottom line.

Here are the best performing ASX small cap stocks for December 10-14: 

Swipe or scroll to reveal full table. Click headings to sort

ASX codeCompany Price Dec 14One-week price changeMarket Cap
SDV SCIDEV LTD0.079126%5.0M
ROG RED SKY ENERGY L0.002100%2.5M
NIU NIUMINCO GROUP L0.002100%5.6M
IKW IKWEZI MINING LT0.002100%2.0M
IBN IBUYNEW GROUP LT0.002100%4.4M
BPH BPH ENERGY LTD0.002100%2.4M
NNW 99 WUXIAN LT-CDI0.1388%133.4M
FGO FLAMINGO AI LTD0.0267%15.7M
OEX OILEX LTD0.00860%16.6M
HOR HORSESHOES METAL0.01456%2.7M
KPO KALINA POWER LTD0.02353%10.2M
XPE XPED LTD0.00350%4.5M
PCL PANCONTINENTAL0.00350%10.8M
ANL AMANI GOLD LTD0.00650%8.6M
AKN AUKING MINING LT0.00350%2.8M
N27 NORTHERN COBALT0.0938%3.4M
KYK KYCKR LTD0.0833%11.3M
ADY ADMIRALTY RESOUR0.01633%18.5M
WSI WESTSTAR INDUSTR0.01731%8.4M
WHK WHITEHAWK LTD0.07430%8.6M
TNG TNG LTD0.1229%96.1M
CXZ CONNEXION TELEMA0.00929%7.6M
HGM HIGH GRADE METAL0.01427%6.3M
RIE RIEDEL RESOURCES0.01927%6.3M
EXU EXPLAURUM LTD0.1126%53.0M
NML NAVARRE MINERALS0.05826%20.2M
EMU EMU NL0.04525%4.5M
IVO INVIGOR GROUP LT0.00525%9.9M
GBZ GBM RESOURCES0.00525%5.5M
AUT AUTECO MINERALS0.00525%3.6M
ADV ARDIDEN LTD0.00525%8.4M
GAS STATE GAS LTD0.90524%97.1M
CP1 CANNPAL ANIMAL0.1324%12.1M
OAR OAKDALERESOURCES0.02124%1.2M
TEG TRIANGLE ENERGY0.09123%19.9M
ACB A-CAP ENERGY LTD0.04923%42.7M
LVE LOVE GROUP GLOBA0.1222%4.9M
IPT IMPACT MINERALS0.01122%14.5M
4DS 4DS MEMORY LTD0.0522%44.0M
NUS NUSANTARA RESOUR0.19522%30.8M
FEL FE LTD0.01721%6.3M
4CE FORCE COMMODITIE0.01721%6.4M
FCT FIRSTWAVE CLOUD0.1721%42.5M
TSC TWENTY SEVEN CO0.00620%5.4M
SRN SUREFIRE RESOURC0.00620%2.6M
RNY RNY PROPERTY TRU0.00620%1.6M
MZN MARINDI METALS L0.00620%11.9M
MTH MITHRIL RESOURCE0.00620%1.6M
DW8 DIGITAL WINE VEN0.00620%4.1M
DHR DARK HORSE RESOU0.00620%9.9M

 

ASX small cap losers December 10-14

Popular home loan broker Mortgage Choice (ASX:MOC) warned investors its 2019 profit would be up to 15 per cent lower than original forecasts due to a slowing property market.

Mortgage Choice, which has a market cap of $148 million, issued a statement yesterday adjusting its FY19 profit to between $14m and $15m, down from the $16.5m forecast when the company released its full-year 2018 results back in August.

And shares in the company fell half a per cent to $1.18 — the company’s lowest point in more than eight years.

Retractable syringe-maker Medigard (ASX:MGZ) had a week to forget, shedding 29 per cent to be trading at 2c on Friday.

The company said it had “limited cash on hand and a convertible note obligation” and that it will need to raise further capital in the near-term to fund the development of its injectable product to treat back problems.

Here are the worst performing ASX small cap stocks for December 10-14: 

Swipe or scroll to reveal full table. Click headings to sort

ASX codeCompany Price Dec 14One-week price changeMarket Cap
QTG Q TECHNOLOGY GRO0.004-80%138.7k
LHB LIONHUB GROUP LT0.02-50%16.5M
FMS FLINDERS MINES L0.035-49%122.0M
COY COPPERMOLY LTD0.006-45%8.3M
MXRMAXIMUS RESOURCE0.065-43%2.1M
CGN CRATER GOLD MINI0.012-40%3.4M
TPD TALON PETROLEUM0.002-33%3.8M
ARO ASTRO RESOURCES0.002-33%1.8M
FDX FRONTIER DIAMOND0.03-29%7.5M
SMD SYNDICATED METAL0.005-29%3.8M
SF1 STEMIFY LTD0.01-29%6.1M
MGZ MEDIGARD LTD0.02-29%2.7M
POD PODIUM MINERALS0.047-27%4.5M
XST XSTATE RESOURCES0.003-25%3.4M
EPM ECLIPSE METALS L0.003-25%3.4M
DDD 3D RESOURCES LTD0.003-25%2.8M
SLZ SULTAN RESOURCES0.095-24%3.0M
SMX SECURITY MATTERS0.3-23%28.3M
BIT BIOTRON LTD0.112-23%68.4M
FEI FE INVESTMENTS G0.09-22%14.7M
AZY ANTIPA MINERALS0.022-21%41.5M
CRO CIRRALTO LTD0.015-21%5.9M
KPL KINA PETROLEUM L0.057-21%21.8M
RNE RENU ENERGY LTD0.088-20%8.7M
VAL VALOR RESOURCES0.004-20%7.6M
TOM TOMIZONE LTD0.008-20%3.4M
SI6 SIX SIGMA METALS0.004-20%2.3M
NOR NORWOOD SYSTEMS0.004-20%5.3M
MRQ MRG METALS LTD0.004-20%3.0M
GGE GRAND GULF ENERG0.004-20%3.1M
CCE CARNEGIE CLEAN E0.004-20%11.5M
AWV ANOVA METALS LTD0.008-20%5.1M
ABV ADVANCED BRAKING0.016-20%4.8M
SWJ STONEWALL RESOUR0.073-19%24.4M
P2P P2P TRANSPORT LT0.555-18%46.2M
FNT FRONTIER RESOURC0.009-18%4.4M
LER LEAF RESOURCES L0.041-18%12.2M
PNN PEPINNINI LITHIU0.005-17%3.4M
NWC NEW WORLD COBALT0.02-17%10.6M
EFE EASTERN IRON LTD0.005-17%2.1M
PVL POWERHOUSE VENTU0.125-17%4.0M
OCC ORTHOCELL LTD0.155-16%17.6M
FUN FUNTASTIC LTD0.048-16%11.4M
RCP REDBANK COPPER L0.032-16%3.7M
PPL PUREPROFILE LTD0.076-16%10.8M
ENT ENTERPRISE METAL0.011-15%4.2M
CMD CASSIUS MINING L0.022-15%5.7M
ARS ALT RESOURCES LT0.022-15%5.1M
AQX ALICE QUEEN LTD0.011-15%5.8M
ZLD ZELDA THERAPEUTI0.039-15%31.0M