Weekly ASX Small Cap Wrap: Who’s adding some beans to their ‘bling’ this week ?

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Regular readers of the weekly wrap know that we have a love of food and so it shouldn’t come as a surprise that a jeweller adding canned food to its offering would make us sit up and take notice.

With the COVID-19 pandemic leading to lockdowns and closures of non-essential stores, this jewellery store in Muskegon, Michigan, has added a small display of canned food opposite its flagship products in a bid to be considered essential in the event of another shut down.

Owner Karl Krautheim told WoodTV another shutdown could spell the end for his business, which has been in his family for more than 130 years.

This prompted him to add goods such as canned beans, soup and tomato sauce to his offering as insurance against such an occurrence.

And why canned food? Because it is allowed without any special licensing in the state of Michigan, according to the intrepid owner.

Before you head off to restock your own pantry, here are the biggest small cap movers this week.

ASX SMALL CAP WINNERS                       

InteliCare (ASX:ICR) +107%

ASX newcomer InteliCare has been one of the biggest gainers this week with the aged care-focused software-as-a-service stock currently trading at more than double its IPO price.

The company’s platform tracks and monitors the movement of elderly residents in their home. It is able to alert carers and family members of unexpected changes and provides daily confirmation that all is well.

Metalicity (ASX:MCT) +75%

The gold explorer has kicked off a new drilling program at its target-rich Kookynie gold project about 60km from Leonora in Western Australia.

Kookynie hosts six, significant historic prospects — Champion, McTavish, Leipold, Diamantina, Cosmopolitan and Cumberland.

The drilling is part of a larger, staged program to show how big these prospects are.

Here are the best performing ASX small cap stocks for May 22 – May 29 [intraday]:

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

ASX SMALL CAP LOSERS

Flamingo Ai (ASX:FGO) -50%

Last week’s biggest loser continues in the bottom spot this week.

Flamingo Ai started its dive after entering into an exclusive, binding terms sheet to sell all its assets to avoid the need to raise capital to sustain its cash burn.

Here are the worst performing ASX small cap stocks for May 22 – May 29 [intraday]:

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

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