Weekly ASX small cap wrap: Who’s drinking straight from the tap?
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It is not quite beer on tap but residents of a housing development in the Indian state of Kerala turned on their water taps to find alcohol mixed in with the water.
Before you go testing your own taps for this phenomenon, it turns out that regulators had disposed of illegal alcohol seized six years ago by pouring it into a pit.
The alcohol slowly seeped into the well supplying the development, which resulted in the (un)happy state of affairs.
The ASX has largely recovered from the big fall it suffered early in the week, so it might be a good time to head down to the pub after seeing who were some of the small cap movers.
Here are this week’s ASX Small Cap Winners & Losers:
It turns out that intersecting a thick coal seam that appears to have potential for high gas content is really good news for a coal seam gas company.
All joking aside, the market clearly liked Elixir intersecting 82m of net coal in its very first exploration well at the Nomgon IX coalbed methane production sharing contract in Mongolia.
With the thickest coal seam measuring 52m and the visible coal quality promising to be encouraging for gas content and permeability — both important considerations for successful coal seam gas wells — it is not hard to see why either.
READ: Elixir shares double after hitting the jackpot with a 51m thick coal seam in Mongolia
Excitement is clearly building around De Grey Mining’s Hemi prospect near Port Hedland after drilling intersected thick, high-grade gold mineralisation on two sections 640m apart.
Drilling at Section A intersected the highest grade to date of 24m at 7.5 grams per tonne (g/t) and finished within the gold zone, while Section B returned a 24m hit grading 4.2g/t from 36m.
The company interprets the two sections as being structurally related though more drilling will be required to test this theory.
READ: De Grey needs a bigger drill rig after confirming major Pilbara gold discovery
Betmakers Technology (ASX:BET) +95%
Conveniently rounding out our top three small cap gainers is Betmakers, which secured an exclusive licence to distribute and manage fixed odds betting in New Jersey, US.
Under the deal with the Monmouth Park race track, which hosts the famous Haskell Invitational stakes, Betmakers will distribute racing odds throughout the US and international markets where fixed odds betting is allowed.
Additionally, it will launch a global racing network in New Jersey which will provide a uniformed set of standard conditions for both racing bodies and bookmakers to allow clarity of reporting and distribution of data and content.
READ: Betmakers unveils a unique New Jersey horse racing deal; shares gallop 35pc
Here are the best performing ASX small cap stocks for January 31 – February 7 [intraday]:
Swipe or scroll to reveal full table. Click headings to sort:
Code | Name | Price last Friday | Price this Friday | % Return | Market Cap |
---|---|---|---|---|---|
EXR | ELIXIR ENERGY LTD | 0.020 | 0.041 | 105 | 20.54M |
DEG | DE GREY MINING LTD | 0.048 | 0.095 | 98 | 98.66M |
BET | BETMAKERS TECHNOLOGY GROUP L | 0.200 | 0.390 | 95 | 184.66M |
UCM | USCOM LTD | 0.125 | 0.240 | 92 | 35.88M |
TPP | TEMPO AUSTRALIA LTD | 0.042 | 0.078 | 86 | 23.49M |
PNN | PEPINNINI LITHIUM LTD | 0.002 | 0.003 | 50 | 4.30M |
TPD | TALON PETROLEUM LTD | 0.002 | 0.003 | 50 | 5.33M |
OEC | ORBITAL CORP LTD | 0.435 | 0.620 | 43 | 48.10M |
BSM | BASS METALS LTD | 0.005 | 0.007 | 40 | 19.67M |
MEM | MEMPHASYS LTD | 0.050 | 0.070 | 40 | 52.78M |
TPW | TEMPLE & WEBSTER GROUP LTD | 2.860 | 3.980 | 39 | 451.42M |
CRM | CARBON MINERALS LTD | 0.170 | 0.230 | 35 | 4.32M |
RMY | RMA GLOBAL LTD | 0.410 | 0.550 | 34 | 229.90M |
XPL | XPLORE WEALTH LTD | 0.068 | 0.091 | 34 | 27.08M |
GTE | GREAT WESTERN EXPLORATION LT | 0.003 | 0.004 | 33 | 5.78M |
KAI | KAIROS MINERALS LTD | 0.006 | 0.008 | 33 | 8.16M |
FGO | FLAMINGO AI LTD | 0.002 | 0.002 | 33 | 2.24M |
SCN | SCORPION MINERALS LTD | 0.015 | 0.020 | 33 | 3.54M |
FHS | FREEHILL MINING LTD | 0.014 | 0.018 | 33 | 24.32M |
LVT | LIVETILES LTD | 0.245 | 0.320 | 31 | 275.33M |
NCL | NETCCENTRIC LTD | 0.020 | 0.026 | 30 | 6.83M |
9SP | 9 SPOKES INTERNATIONAL LTD | 0.019 | 0.024 | 26 | 28.37M |
P2P | P2P TRANSPORT LTD | 0.050 | 0.063 | 26 | 5.92M |
KIN | KIN MINING NL | 0.031 | 0.039 | 26 | 22.27M |
MME | MONEYME LTD | 1.510 | 1.890 | 25 | 320.24M |
CM8 | CROWD MEDIA HOLDINGS LTD | 0.020 | 0.025 | 25 | 7.21M |
BIT | BIOTRON LTD | 0.080 | 0.100 | 25 | 70.19M |
MTC | METALSTECH LTD | 0.040 | 0.050 | 25 | 5.85M |
Where there are gainers, there are losers and Sensera takes bottom spot this week after bravely admitting in an update that it had suffered the loss or deferral of several expected orders.
It added that while it had attempted to restructure its cost base, it was unable to do so fast enough to avoid going to the market for capital.
Sensera is currently seeking $3.5m through an underwritten notes issue.
Here are the worst performing ASX small cap stocks for January 31 – February 7 [intraday]:
Swipe or scroll to reveal full table. Click headings to sort:
Code | Name | Price last Friday | Price this Friday | % Return | Market Cap |
---|---|---|---|---|---|
SFX | SHEFFIELD RESOURCES LTD | 0.270 | 0.200 | -26 | 61.79M |
CFO | CFOAM LTD | 0.080 | 0.059 | -26 | 8.45M |
NWM | NORWEST MINERALS LTD | 0.150 | 0.110 | -27 | 9.22M |
PUA | PURE ALUMINA LTD | 0.014 | 0.010 | -29 | 2.22M |
MRQ | MRG METALS LTD | 0.014 | 0.010 | -29 | 10.52M |
LNY | LANEWAY RESOURCES LTD | 0.007 | 0.005 | -29 | 18.60M |
WNB | WELLNESS AND BEAUTY SOLUTION | 0.007 | 0.005 | -29 | 5.17M |
TMG | TRIGG MINING LTD | 0.079 | 0.055 | -30 | 3.19M |
REV | REAL ESTATE INVESTAR GROUP L | 0.013 | 0.009 | -31 | 2.10M |
PIN | PINCHME.COM INC-CDI | 0.120 | 0.081 | -32 | 11.45M |
PGC | PARAGON CARE LTD | 0.410 | 0.275 | -33 | 92.92M |
OAR | OAKDALERESOURCES LTD | 0.004 | 0.003 | -33 | 1.69M |
GLV | GLOBAL OIL & GAS LTD | 0.002 | 0.001 | -33 | 3.13M |
ROG | RED SKY ENERGY LTD | 0.003 | 0.002 | -33 | 3.25M |
FTT | FACTOR THERAPEUTICS LTD | 0.003 | 0.002 | -33 | 2.09M |
CLZ | CLASSIC MINERALS LTD | 0.003 | 0.002 | -33 | 14.03M |
MTB | MOUNT BURGESS MINING NL | 0.003 | 0.002 | -33 | 1.06M |
KAS | KASBAH RESOURCES LTD | 0.015 | 0.010 | -33 | 1.35M |
CZL | CONSOLIDATED ZINC LTD | 0.010 | 0.006 | -40 | 10.02M |
CAD | CAENEUS MINERALS LTD | 0.002 | 0.001 | -50 | 2.65M |
APG | AUSTPAC RESOURCES NL | 0.002 | 0.001 | -50 | 2.91M |
VPR | VOLT POWER GROUP LTD | 0.002 | 0.001 | -50 | 8.99M |
VAL | VALOR RESOURCES LTD | 0.004 | 0.002 | -50 | 3.83M |
SE1 | SENSERA LTD | 0.047 | 0.020 | -57 | 6.44M |