ASX Small Cap Winners Aug 27-31

Property developer Faster Enterprises (ASX:FE8) put on 72 per cent this week after agreeing to buy asset manager Synergy Solution and announcing a $15 million capital raising.

Synergy reported $18 million revenue and EBITDA earnings of $5 million last year.

The acquisition will be put to a shareholder vote.

The stock closed the week at 6.7c up from 3.9c seven days earlier.

Base metals explorer Golden Deeps (ASX:GED) moved ahead 56 per cent after appointing a big hitter chairman as well as an advisor to help develop its vanadium, lead and zinc project.

Incoming chairman Michael Minosora was previously money man at Fortescue Metals (ASX:FMG) and a managing partner at Ernst & Young.

Advisor Professor Malcolm Richmond has 30 years of experience including a stint at Rio Tinto and CRA Group.

The stock finished at 4.2c

Meanwhile two new gold explorers made their ASX debuts this week.

After a wobbly start Vancouver-focused Black Dragon (ASX:BDG) was up 15 per cent on its 20c issue price at end of the week.

The stock closed at 23c.

Coolgardie Minerals (ASX:CM1) didn’t perform quite as strongly. It closd down 10 per cent at 18c compared to its 20c issue price.

Wearable tech play MGM Wireless (ASX:MWR) soared to a record high this week after putting out a very positive market update.

MGM just took delivery of another 3300 of its high-tech kids watches and placed an order for another 20,000 ahead of the Christmas season.

It’s sold 2500 of the watches in 11 months for revenue of $613,039.

“After four years in development our SPACETALK all-in-one children’s phone GPS tracker and smartwatch has delivered sales and industry-wide acceptance well beyond forecasts and expectations,” said company co-founder Mark Fortunatow.

The stock closed up 32 per cent for the week at $3.13.

Retailer Specialty Fashion Group (ASX:SFH) went flying after putting all its resources into plus-size stores City Chic.

The retailer this week confirmed its sale of the Millers, Katies, Crossroads, Autograph and Rivers businesses to fellow listed rag trader Noni B (ASX:NBL).

The company was left with City Chic, the plus size (size 14+) chain that has embraced online retailing.

Its shares finished up 28 per cent for the week at $1.26.

Here are the best performing ASX small cap stocks for Aug 27-31:

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ASX code Company This week's price change Price Aug 31 Market Cap
RRS RANGE RESOURCES 1 0.002 17.0M
EUZ EUROPA METALS 1 0.002 8.4M
AUH AUSTCHINA HOLDIN 0.75 0.007 6.7M
FE8 FASTER ENTERPRIS 0.717948717949 0.067 6.1M
WEC WHITE ENERGY CO 0.6 0.096 26.3M
GED GOLDEN DEEPS 0.555555555556 0.042 6.9M
WGL WANGLE TECHNOLOG 0.5 0.003 4.2M
VPR VOLT POWER GROUP 0.5 0.003 24.7M
SHK STONE RESOURCES 0.5 0.003 2.4M
NWE NORWEST ENERGY 0.5 0.003 8.5M
MRD MOUNT RIDLEY MIN 0.5 0.003 4.6M
MNB MINBOS RESOURCES 0.5 0.003 14.1M
LKO LAKES OIL NL 0.5 0.003 71.9M
KIS KING ISLAND SCHE 0.5 0.09 18.1M
GGX GAS2GRID 0.5 0.003 3.4M
JJF JIAJIAFU MODERN 0.5 0.15 12.8M
BCT BLUECHIIP 0.5 0.072 27.4M
ACF ACROW FORMWORK A 0.461538461538 0.475 76.9M
REF REVERSE CORP 0.426470588235 0.097 8.4M
AXP AIRXPANDERS-CDI 0.385542168675 0.115 52.2M
ZNT ZENITAS HEALTHCA 0.367149758454 1.415 85.9M
DEM DE.MEM 0.36 0.17 17.2M
TIE TIETTO MINERALS 0.357142857143 0.095 20.7M
BC8 BLACK CAT SYNDIC 0.357142857143 0.19 10.0M
TNR TORIAN RESOURCES 0.34375 0.043 8.5M
VIV VIVID TECHNOLOGY 0.342857142857 0.047 21.9M
PDZ PRAIRIE MINING L 0.337209302326 0.575 121.0M
FZR FITZROY RIVER CO 0.333333333333 0.2 17.7M
XPE XPED 0.333333333333 0.004 4.5M
MWR MGM WIRELESS 0.320675105485 3.13 29.5M
SFG SEAFARMS GROUP L 0.318181818182 0.145 250.0M
TPS THREAT PROTECT A 0.314285714286 0.23 19.5M
IBX IMAGION BIOSYSTE 0.313432835821 0.088 19.3M
SIH SIHAYO GOLD 0.307692307692 0.017 29.7M
MHC MANHATTAN CORP 0.307692307692 0.017 9.6M
KTD KEYTONE DAIRY CO 0.305555555556 0.47 65.3M
IDT IDT AUSTRALIA 0.304347826087 0.15 39.1M
CM1 COOLGARDIE MINER -0.1 0.18 19.1M

 

ASX Small Cap Losers Aug 27-31

Business data tracker 9 Spokes (ASX:9SP) dropped 57 per cent this week after losing a contract with a key customer, Royal Bank of Canada.

The bank had been planning to sell a white-label version of the 9 Spokes software to its business customers — but decided to abandon the idea due to a “change in strategic direction”.

The loss of the contract would have a “meaningful impact on revenue until further customers are brought on board”.

In the meantime, 9 Spokes will cut costs and reduce cash burn. Discussions with other potential bank customers were continuing.

The shares closed at 2.5c.

Here are the worst performing ASX small cap stocks for Aug 27-31:

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ASX code Company This week's price change Price Aug 31 Market Cap
9SP 9 SPOKES INTERNA -0.568965517241 0.025 26.2M
CUL CULLEN RES -0.5 0.001 2.6M
CHP CHAPMANS -0.5 0.001 5.4M
RCR RCR TOMLINSON -0.471947194719 1.12 317.4M
FIG FREEDOM INSURANC -0.461538461538 0.21 62.3M
NTC NETCOMM WIRELESS -0.411111111111 0.795 119.3M
YPB YPB GROUP -0.382352941176 0.021 13.3M
ARX ARC EXPLORATION -0.372549019608 0.16 3.8M
TRM TRUSCOTT MINING -0.333333333333 0.01 1.2M
TMK TAMASKA OIL & GA -0.333333333333 0.002 3.9M
T3D 333D -0.333333333333 0.002 1.8M
RCP REDBANK COPPER L -0.333333333333 0.02 2.3M
NSE NEW STANDARD ENE -0.333333333333 0.004 3.2M
HDY HARDEY RESOURCES -0.333333333333 0.004 13.2M
GLA GLADIATOR RESOUR -0.333333333333 0.002 2.6M
EGY ENERGY TECHNOLOG -0.333333333333 0.004 1.4M
AKN AUKING MINING -0.333333333333 0.002 1.9M
MEB MEDIBIO -0.318181818182 0.15 29.4M
AGR AGUIA RESOURCES -0.294117647059 0.12 17.8M
MRQ MRG METALS -0.285714285714 0.005 3.3M
UNL UNITED NETWORKS -0.275862068966 0.021 3.0M
SKN SKIN ELEMENTS -0.266666666667 0.022 3.4M
CCA CHANGE FINANCIAL -0.253968253968 0.235 15.4M
WLF WOLF MINERALS -0.25 0.045 49.1M
WBE WHITEBARK ENERGY -0.25 0.003 4.9M
SXX SOUTHERN CROSS -0.25 0.006 6.5M
SUR SUN RESOURCES NL -0.25 0.003 2.3M
SPB SOUTH PACIFIC RE -0.25 0.006 1.3M
MLS METALS AUSTRALIA -0.25 0.003 7.0M
LNY LANEWAY RESOURCE -0.25 0.003 10.6M
LCY LEGACY IRON ORE -0.25 0.003 4.4M
CGM COUGAR METALS NL -0.25 0.003 3.7M
RCL READCLOUD -0.245614035088 0.43 36.8M
CM1 COOLGARDIE MINER -0.1 0.18 19.1M