Weekly ASX small cap wrap: Who’s crashing into cop cars this week?

One man in the US has discovered that Autopilot does not mean you can sit back, watch a movie and let your car drive itself.

This grave miscalculation ended with the Tesla driver crashing into a police vehicle.

While no one was seriously injured, the driver was charged with violating North Carolina’s “move over law” and with having a television in the car (obviously).

So clearly the message here is: no car is completely self-driving and drivers still need to keep an eye on the road.

Now, here’s which small caps are navigating the market nicely and which ones are hitting some pot holes along the way.

ASX SMALL CAP WINNERS

Six Sigma Metals (ASX:SI6) +75%

Investors are really keen on Six Sigma Metals’ move to enter the gold exploration game.

The company signed an exclusive option this week to acquire the Monument gold project (MGP) in Western Australia’s tier one Laverton district from DiscovEx Resources (ASX:DCX).

Besides being close to to Dacian Gold’s (ASX:DCN) 2.1-million-ounce Mt Morgan project and other multi-million-ounce gold deposits such as Granny Smith and Sunrise Dam, the MGP also hosts the 50,000oz Korong deposit that is open along strike and down dip.

Previous exploration has already highlighted multiple gold exploration targets, including at least seven to the north and south of Korong, many of which have historical drill intersections greater than 1 gram per tonne (g/t) gold over several metres.

iSentric (ASX:ICU) +69%

With interest in BNPL exploding, it is little surprise that iSentric has received some love from the market this week.

The company has recently moved to include BNPL transaction and payment processing in Malaysia to capitalise on its existing IOU Pay Platform for digital payments, mobile banking and consumer marketing campaigns.

Here are the best performing ASX small cap stocks for August 21 – August 28 [intraday]:

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

ASX SMALL CAP LOSERS

Quantify Technology Holdings (ASX:QFY), Classic Minerals (ASX:CLZ), Dateline Resources (ASX:DTR), Astro Resources (ASX:ARO) and Austpac Resources (ASX:APG) -33%

These five companies were the joint biggest losers on our watchlist. Astro Resources just completed a +$2.7m capital raising to advance its work programs.

Here are the worst performing ASX small cap stocks for August 21 – August 28 [intraday]:

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

At Stockhead we tell it like it is. While iSentric is a Stockhead advertiser, it did not sponsor this article.