Weekly ASX small cap wrap: who took the bull by the horns this week

ASX small cap winners January 7-11

Berkeley Energia (ASX:BKY) was the week’s biggest winner, all thanks to Friday news — an insider now says the uranium hopeful is about to snag a crucial endorsement from Spain’s nuclear watchdog for its contentious Salamanca uranium project.

The speculation lit a rocket under Berkeley’s share price, which is skyrocketed 114 per cent to 38.5c, after opening on Monday at 18c.

The Reuters source said the watchdog, CSN, is going to approve two studies next week which examined Salamanca’s potential radiation effects on the general environment, among other safety concerns.

Pursuit Minerals (ASX:PUR) fell just short of a three-figure percentage rise this week, but only just: it rose 96 per cent to 5.3c on the back of some outrageously good vanadium grades.

Testing on 11 historical drill holes confirmed exceptionally high-grade vanadium magnetite concentrates, with the majority ranging between 2 and 2.6 per cent V2O5 – placing the Koitelainen concentrate amongst the world’s very best.

Intervals in three of the holes recorded magnetite concentrate values of 3.6, 3.3 and 3.1 per cent V2O5.

Peninsula Mines (ASX:PSM) share price up 50 per cent to 0.6c.

The graphite explorer has signed an MoU with Tera Technos Co, which specialises in the production of high performance carbon composite silica oxide anode materials — a modified and enhanced version of spherical graphite.

Shares in Environmental Group (ASX:EGL) rose 63 per cent to 5.7c, after news early in the week that it was picking up gear in the RCR Tomlinson fire sale, following the latter’s descent into voluntary administration in November last year.

Environmental Group, which runs a gas turbine engineering company, and water and air pollution divisions, is buying RCR’s energy assets including the original Tomlinson Boilers arm, which handles maintenance and installation of renewable- and conventionally-fired generators and water heaters.

Subscribe to our daily newsletter
Bookmark this link for small cap news
Join our small cap Facebook group
Follow us on Facebook or Twitter

Avita Medical (ASX:AVH) jumped 38 per cent to 11c this week following news it was launching its RECELL device in the United States.

The RECELL System uses a small amount of a patient’s own skin to prepare Spray-On Skin Cells at the point of care in as little as 30 minutes, providing a new way to treat thermal burns, the company says.

The mention of wildly popular video game Fortnite was enough to send eSports Mogul (ASX:ESH) shares up 29 per cent this week to 1.8c.

eSports Mogul reckons that by adding Fortnite and other console games to the lineup they’ll attract a new kind of gamer to their big competition in February.

Here are the best performing ASX small cap stocks for January 7-11:

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

ASX code	Company	Price Dec 14	Last price	One-week price change	Market Cap
BKY	BERKELEY ENERGIA LTD	0.18	0.385	114%	$59,435,548
PUR	PURSUIT MINERALS LTD	0.027	0.053	96%	$8,997,777
AHL	AHALIFE HOLDINGS LTD	0.008	0.015	88%	$8,068,328
KGM	KALNORTH GOLD MINES LTD	0.004	0.007	75%	$6,259,681
AQS	AQUIS ENTERTAINMENT LTD	0.032	0.055	72%	$7,775,924
SCN	SCORPION MINERALS LTD	0.013	0.022	69%	$4,071,564
EGL	ENVIRONMENTAL GROUP LTD/THE	0.035	0.057	63%	$11,964,244
VP7	VELOCITY PROPERTY GROUP LTD	0.031	0.05	61%	$18,096,074
E2E	EON NRG LTD	0.01	0.016	60%	$4,063,892
B2Y	BOUNTY MINING LTD	0.097	0.155	60%	$53,921,048
MAU	MAGNETIC RESOURCES NL	0.125	0.195	56%	$36,285,604
IHR	INTELLIHR HOLDINGS LTD	0.09	0.135	50%	$9,483,012
THD	THRED LTD	0.002	0.003	50%	$4,473,477
TPD	TALON PETROLEUM LTD	0.002	0.003	50%	$2,520,246
PSM	PENINSULA MINES LTD	0.004	0.006	50%	$4,314,361
ORM	ORION METALS LTD	0.004	0.006	50%	$2,670,585
NSE	NEW STANDARD ENERGY LTD	0.002	0.003	50%	$1,576,120
IBX	IMAGION BIOSYSTEMS LTD	0.027	0.04	48%	$13,555,199
TAR	TARUGA MINERALS LTD	0.045	0.066	47%	$9,175,870
CM1	COOLGARDIE MINERALS LTD	0.05	0.073	46%	$6,801,689
ARS	ALT RESOURCES LTD	0.02	0.029	45%	$6,083,602
TSL	TITANIUM SANDS LTD	0.009	0.013	44%	$7,392,443
RCP	REDBANK COPPER LTD	0.021	0.03	43%	$2,456,410
CAV	CARNAVALE RESOURCES LTD	0.005	0.007	40%	$3,339,998
FEL	FE LTD	0.013	0.018	38%	$4,857,164
BCC	BEAM COMMUNICATIONS HOLDINGS	0.13	0.18	38%	$9,517,221
AVH	AVITA MEDICAL LTD	0.08	0.11	38%	$181,766,784
PNN	PEPINNINI LITHIUM LTD	0.004	0.0055	38%	$3,603,372
DSE	DROPSUITE LTD	0.028	0.038	36%	$12,486,427
HAW	HAWTHORN RESOURCES LTD	0.041	0.055	34%	$13,391,240

ASX small cap losers January 7-11

Argent Minerals (ASX:ARD) is readying to fight a federal government decision to make it pay back $1.4m in research and development rebates it received in the 2016 and 2017 financial years.

The junior explorer told investors today that AusIndustry – part of the Department of Industry, Innovation and Science – had issued “negative findings” for the R&D claims following a review.

This means Argent may ultimately be required to repay up to $1.4m plus penalties and interest. It fell 32 per cent this week.

One-time tungsten miner Top Tung (ASX:TTW) fell 25 per cent this week, falling to 1.8c.

The company had a few odds and ends announcements out, including a change of name and ASX code on Friday to Chase Mining and CML to better reflect its focus on Canadian battery metals.

Here are the worst performing ASX small cap stocks for January 7-11:

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

ASX code	Company	Price Dec 14	Last price	One-week price change	Market Cap
QTG	Q TECHNOLOGY GROUP LTD	0.02	0.004	-80%	$184,869
LHB	LIONHUB GROUP LTD	0.04	0.01	-75%	$8,263,498
TMK	TAMASKA OIL & GAS LTD	0.002	0.001	-50%	$1,960,000
MAR	MALACHITE RESOURCES LTD	0.002	0.001	-50%	$2,775,647
CLY	CLANCY EXPLORATION LTD	0.002	0.001	-50%	$7,008,776
AU1	AGENCY GROUP AUSTRALIA LTD	0.27	0.14	-48%	$9,846,618
SVA	SIMAVITA LTD-CDI	0.029	0.019	-34%	$7,937,785
XST	XSTATE RESOURCES LTD	0.003	0.002	-33%	$2,280,982
NWE	NORWEST ENERGY NL	0.003	0.002	-33%	$6,764,186
LKO	LAKES OIL NL	0.0015	0.001	-33%	$67,420,048
HT8	HARRIS TECHNOLOGY GROUP LTD	0.015	0.01	-33%	$2,170,025
CGM	COUGAR METALS NL	0.003	0.002	-33%	$1,955,605
AYM	AUSTRALIA UNITED MINING LTD	0.003	0.002	-33%	$3,685,155
ARD	ARGENT MINERALS LTD	0.019	0.013	-32%	$6,069,757
1AG	ALTERRA LTD	0.046	0.032	-30%	$4,280,400
SPB	SOUTH PACIFIC RESOURCES LTD	0.007	0.005	-29%	$662,061
HOR	HORSESHOE METALS LTD	0.014	0.01	-29%	$1,946,522
ODM	ODIN METALS LTD	0.125	0.09	-28%	$13,834,740
RAW	RAWSON OIL AND GAS LTD	0.015	0.011	-27%	$1,240,297
FND	FINDERS RESOURCES LTD	0.225	0.165	-27%	$130,146,352
BEE	BROO LTD	0.047	0.035	-26%	$24,111,746
WEL	WINCHESTER ENERGY LTD	0.024	0.018	-25%	$5,132,679
TTW	TOPTUNG LTD	0.024	0.018	-25%	$3,725,315
PGY	PILOT ENERGY LTD	0.02	0.015	-25%	$1,192,060
VAL	VALOR RESOURCES LTD	0.004	0.003	-25%	$5,679,577
OVL	ORO VERDE LTD	0.004	0.003	-25%	$4,667,036
MLS	METALS AUSTRALIA LTD	0.004	0.003	-25%	$7,025,394
LRM	LUSTRUM MINERALS LTD	0.12	0.09	-25%	$3,046,631
GPP	GREENPOWER ENERGY LTD	0.004	0.003	-25%	$4,696,111
ARO	ASTRO RESOURCES NL	0.004	0.003	-25%	$3,816,292