Weekly ASX small cap wrap: Who’s been a good boy this week?

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ASX small cap winners February 11-15

Fashion brand City Chic Collective (ASX:CCX) jumped 48 per cent this week to $1.36 after reporting increased revenue and profits for the 2019 half-year.

Revenue rose 7 per cent to $75.4 million while profit jumped 35 per cent to $9.8 million.

Livestock mover Wellard (ASX:WLD) was up 39 per cent this week to 5c thanks to its first ever profit.

The company turned a $2.9 million profit for the 2019 half-year, a massive $10.3 million turnaround on the 2018 half-year’s $7.4 million loss. High vessel utilisation, increased cattle trading and cost savings were the cause, it said.

It was certainly an interesting week at Emerge Gaming (ASX:EM1), which rose 69 per cent over the course of the week to 1c.

Firstly, it unveiled a roadmap for how it would become the ‘Netflix of gaming’.

But the next day it had to douse over-excited shareholders thanks to a media article which opened with the line “the company is targeting one million monthly subscribers in these regions which would generate in excess of A$10 million per month”.

Shares hit as high as 1.2c but the company said there was no basis for the claim.

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Perpetual Resources (ASX:PEC) has started drilling at its Beharra site in Western Australia, sending shares up 73 per cent to 6c this week.

The program aims to determine the product specifications of high grade silica present at Beharra from shallow auger drilling and to determine potential purity and delineation of an exploration target, the company said.

3D Resources (ASX:DDD) allowed a potential acquisition to lapse and shareholders sent the shares up 75 per cent to 0.4c.

It has decided not to acquire two gold companies in Haiti as the companies involved have not communicated with 3D Resources.

Here are the best performing ASX small cap stocks for Feb 11-15:

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

ASX small cap losers February 11-15

Rey Resources (ASX:REY) shares lost half their value this week as Doriemus Resources (ASX:DOR) has now completed due diligence on the West Kora Oil Field on the Western Australian L15 permit and advised Rey that it will now seek to finalise the deal.

White Cliff Minerals (ASX:WCN), which hasn’t had the best of starts to 2019, fell 31 per cent to 1c this week after announcing a non-renounceable entitlements offer to shareholders to raise up to $1.15m.

It is offering 230,975,294 new shares at half a cent each.

Here are the worst performing ASX small cap stocks for Feb 11-15:

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

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