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:



Elixir Energy (ASX:EXR) +105%

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

De Grey Mining (ASX:DEG) +98%

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
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
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
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Sensera (ASX:SE1) -57%

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
TMG TRIGG MINING LTD 0.079 0.055 -30 3.19M
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
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
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At Stockhead, we tell it like it is. While De Grey Mining is a Stockhead advertiser, they did not sponsor this article.