ASX small cap winners March 4-8

The Spectrum Metals (ASX:SPX) share price doubled this week, closing at 0.8c on Friday after it announced earlier in the week it had made a new high-grade gold discovery at its Western Australia Penny West site.

“Success in outlining a high-grade development opportunity can works wonders for the junior’s market value, albeit off a low base. That is the hope of shareholders in a little thing called Spectrum Metals,” wrote Stockhead columnist Barry FitzGerald.

Winx was exciting shareholders this week, but it had nothing to do with the horse that has won 31 consecutive races. Alaskan oil driller 88Energy (ASX:88E) saw its shares rise 28 per cent this week to 2.2c after issuing a much more positive piece of news for its Winx-1 well.

The driller said the well hit all of their pre-planned targets and identified multiple locations where oil and gas may be, including in the primary Nanushuk zone.

That also saw the share price of co-owner Red Emperor (ASX:RMP) go up, 49 per cent to 10c.

Minnow Freehill Mining (ASX:FHS) hit high grades of iron ore close to the surface at a project in Chile that would rival what the big boys are mining, reported resources editor Angie East this week, and its shares rose 77 per cent to 2.4c.

Freehill reported an intersection of 18m of near-pure magnetite of over 63 per cent iron within 50m of surface in its first ever drilling program at the Yerbas Buenas project.

Magnetite iron ore has a higher cost of production compared with direct-shipping hematite iron ores (DSO) — produced by iron ore majors like BHP and Rio Tinto — because of the downstream processing involved.

Indoor Skydiving (ASX:IDZ) told the ASX that it had no idea why its shares closed up 45 per cent at 1.6c this week, while the fun continued at payments provider Splitit (ASX:SPT), which rose 48 per cent this week to $1.51, another new high.

Here are the best performing ASX small cap stocks for March 4-8:

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ASX code Company Market Cap Price this Friday Price last Friday One-week change
SPX SPECTRUM METALS LTD $8,409,455.00 0.004 0.008 100
FHS FREEHILL MINING LTD $15,664,486.00 0.013 0.024 77
DDD 3D RESOURCES LTD $3,321,663.25 0.003 0.003 50
AKN AUKING MINING LTD $1,398,876.75 0.002 0.002 50
VPR VOLT POWER GROUP LTD $12,366,800.00 0.001 0.002 50
RMG RMG LTD $7,230,378.50 0.008 0.012 50
RMP RED EMPEROR RESOURCES NL $52,529,276.00 0.067 0.100 49
SPT SPLITIT PAYMENTS LTD $354,987,776.00 0.910 1.510 48
IDZ INDOOR SKYDIVING AUSTRALIA G $2,187,144.25 0.011 0.016 45
IXU IXUP LTD $20,597,688.00 0.090 0.135 44
IPB IPB PETROLEUM LTD $8,614,416.00 0.030 0.037 43
SMX SECURITY MATTERS LTD $48,750,000.00 0.355 0.570 41
NET NETLINKZ LTD $51,051,564.00 0.027 0.035 37
EVS ENVIROSUITE LTD $48,048,360.00 0.095 0.130 37
HOR HORSESHOE METALS LTD $2,335,826.25 0.009 0.012 33
DHR DARK HORSE RESOURCES LTD $7,904,346.50 0.003 0.004 33
SI6 SIX SIGMA METALS LTD $1,830,012.63 0.003 0.004 33
LRS LATIN RESOURCES LTD $6,482,506.50 0.002 0.002 33
RAN RANGE INTERNATIONAL LTD $6,433,759.50 0.024 0.032 33
XST XSTATE RESOURCES LTD $4,561,963.50 0.003 0.004 33
XPD XPD SOCCER GEAR GROUP LTD 10.95M 0.02 0.03 50%
CXU CAULDRON ENERGY LTD 8.23M 0.02 0.03 50%
HHM HAMPTON HILL MINING NL 7.37M 0.02 0.03 50%
IPB IPB PETROLEUM LTD 6.21M 0.02 0.03 50%
ADR ADHERIUM LTD 5.23M 0.02 0.03 50%
SIS SIMBLE SOLUTIONS LTD 9.91M 0.07 0.1 43%
GTN GTN LTD 303.37M 0.95 1.33 40%
LAW LAWFINANCE LTD 33.37M 0.05 0.07 40%

 

ASX small cap losers March 4-8

Cobalt miner Celsius Resources (ASX:CLA) announced this week it had decided to all but stop evaluation work on its Opuwo project in Namibia due to the languishing cobalt price.

That sent its shares down 57 per cent over the course of the week, to 2.1c.

Longtable Group (ASX:LON) fell 37 per cent this week, after buying the rest of Maggie Beer’s food business and launching a discounted capital raise.

Shares closed at 22c.

Here are the worst performing ASX small cap stocks for March 4-8:

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Ticker Name Market cap Price this Friday Price last Friday % change
MSR MANAS RESOUCES LTD $7,929,487.50 0.004 0.003 -25
ROG RED SKY ENERGY LTD $1,234,813.25 0.002 0.002 -25
EXO ENNOX GROUP LTD $5,305,524.00 0.004 0.004 -25
KGM KALNORTH GOLD MINES LTD $2,682,720.25 0.004 0.003 -25
NVO NVOI LTD $1,244,851.88 0.004 0.005 -25
PDI PREDICTIVE DISCOVERY LTD $2,125,278.50 0.012 0.009 -25
SYA SAYONA MINING LTD $29,261,420.00 0.023 0.018 -26
VP7 VELOCITY PROPERTY GROUP LTD $12,667,252.00 0.048 0.035 -27
MDI MIDDLE ISLAND RESOURCES LTD $8,374,817.00 0.008 0.008 -27
AFR AFRICAN ENERGY RESOURCES-CDI $6,893,579.50 0.016 0.012 -31
KLH KALIA LTD $5,028,695.00 0.003 0.002 -33
VAL VALOR RESOURCES LTD $3,786,384.50 0.003 0.002 -33
NWE NORWEST ENERGY NL $6,764,185.50 0.003 0.002 -33
LON LONGTABLE GROUP LTD $25,771,630.00 0.34 0.22 -37
DAU DAMPIER GOLD LTD $4,039,723.25 0.037 0.023 -39
AHK ARK MINES LTD $409,036.06 0.015 0.008 -37
TMK TAMASKA OIL & GAS LTD $1,960,000.00 0.002 0.001 -50
RXH REWARDLE HOLDINGS LTD $1,052,643.00 0.004 0.002 -50
CGM COUGAR METALS NL $977,802.69 0.0015 0.001 -50
CLA CELSIUS RESOURCES LTD $15,144,362.00 0.046 0.021 -57
MDI MIDDLE ISLAND RESOURCES LTD $8,374,817.00 0.008 0.008 -27