ASX small cap winners March 18-22

Weed hopeful CropLogic (ASX:CLI) has received a licence to cultivate industrial hemp in the US state of Oregon, which pushed shares up 123 per cent to 2.9c.

The company has been pouring considerable resources into assessing the US hemp market as it seeks to diversify its offering.

A new high-grade gold discovery at its Penny West project in WA for Spectrum Metals (ASX:SPX) sent the miner’s share price up 118 per cent this week, to 2.4c.

Intercepts were highlighted by 24.2 grams per tonne of gold at a depth of eight metres.

Kingsgate Consolidated (ASX:KGN) closed up 60 per cent this week, to 23c, after winning a significant court battle.

Kingsgate has been fighting the Thai government and its insurers over the premature closure of its Chatree gold mine.

This week it told investors insurers had agreed to a whopping $82 million payout.

Emerge Gaming (ASX:EM1) had a good week, shares rising 59 per cent to 3.3c thanks to a partnership with fellow small cap gaming stock iCandy (ASX:ICI).

The new deal with iCandy gives Emerge access to iCandy’s purported network of 350 million mobile gamers worldwide, while giving iCandy access to Emerge’s esports technology.

Shareholders in Uniti Wireless (ASX:UWL) absolutely loved its new board director Vaughan Bowen dropping nearly a million dollars to buy 3.2 million shares in the company.

UWL shares closed up 49 per cent to 36.5c. The ASX has been on the company’s back about its two co-founders being fired a day after it listed.

Pot stock Cann Group (ASX:CAN) has decided to build its state-of-the-art growing facility in rural Victoria rather than near Melbourne’s biggest airport.

Mildura will be the company’s new base, although Tullamarine is still on the cards down the road. Shares in CAN rose 41 per cent to $2.21 this week.

Here are the best performing ASX small cap stocks for March 18-22: 

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ASX code Company Market Cap Price this Friday Price last Friday % change
SKN SKIN ELEMENTS LTD $ 6,206,301.50 0.018 0.043 126
CLI CROPLOGIC LTD $ 8,601,479.00 0.016 0.029 123
SPX SPECTRUM METALS LTD $ 25,228,364.00 0.011 0.024 118
JXT JAXSTA LTD $ 82,880,624.00 0.220 0.380 111
VMG VDM GROUP LTD $ 12,555,322.00 0.002 0.002 100
VAR VARISCAN MINES LTD $ 2,542,147.25 0.001 0.002 100
SRO SHAREROOT LTD $ 3,100,000.00 0.001 0.002 100
TMK TAMASKA OIL & GAS LTD $ 3,920,000.00 0.001 0.002 100
1ST 1ST GROUP LTD $ 14,118,496.00 0.055 0.054 93
KCN KINGSGATE CONSOLIDATED LTD $ 54,294,224.00 0.150 0.230 60
EM1 EMERGE GAMING LTD $ 20,565,776.00 0.028 0.033 59
BCC BEAM COMMUNICATIONS HOLDINGS $ 14,275,832.00 0.170 0.270 59
EN1 ENGAGE:BDR LTD $ 11,731,770.00 0.017 0.028 56
JPR JUPITER ENERGY LTD $ 6,901,996.00 0.030 0.045 50
GBP GLOBAL PETROLEUM LTD $ 6,079,588.00 0.020 0.030 50
MHC MANHATTAN CORP LTD $ 4,447,672.00 0.005 0.006 50
NWE NORWEST ENERGY NL $ 10,146,278.00 0.002 0.003 50
ROG RED SKY ENERGY LTD $ 3,039,626.50 0.002 0.003 50
RXH REWARDLE HOLDINGS LTD $ 1,578,964.50 0.002 0.003 50
VPR VOLT POWER GROUP $ 12,400,000.00 0.001 0.002 50
UWL UNITI WIRELESS LTD $ 47,823,600.00 0.262 0.365 49
AGD AUSTRAL GOLD LTD $ 53,417,300.00 0.067 0.100 47
AUQ ALARA RESOURCES LTD $ 18,241,510.00 0.028 0.029 45
CZR COZIRON RESOURCES LTD $ 17,855,512.00 0.007 0.010 43
CAN CANN GROUP LTD $ 308,746,400.00 1.570 2.210 41
PDI PREDICTIVE DISCOVERY LTD $ 3,305,989.00 0.012 0.014 40
GOO GOOROO VENTURES LTD $ 7,394,097.50 0.051 0.071 37
CMC CHINA MAGNESIUM CORP LTD $ 13,873,157.00 0.022 0.030 36
EUR EUROPEAN LITHIUM LTD $ 67,045,752.00 0.091 0.120 36
DXN DATA EXCHANGE NETWORK LTD/TH $ 18,747,074.00 0.072 0.096 33

 

ASX small cap losers March 18-22

MacMillan Shakespeare (ASX:MMS) called off a merger with Eclipx (ASX:ECX) after the latter said profit was down another 42 per cent since January, compared to the first five months of fiscal 2018.

That sent Eclipx shares tumbling 59 per cent, the week’s biggest fall, to 73c.

There were big headaches at Wagners Holding (ASX:WGN), which fell 29 per cent to $2.20 this week.

It has a cement supply agreement with $5.7 billion construction giant Boral (ASX:BLD); and Boral has effectively used the Bunnings clause — “if you find a competitor’s lower price on the same stocked item, we’ll beat it by 10 per cent” — saying it has found cheaper cement elsewhere, and asked Wagners to reduce its price.

Wagners says revenue may be hurt by as much as $20 million.

Here are the worst performing ASX small cap stocks for March 18-22: 

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Ticker Name Market cap Price this Friday Price last Friday % change
KLH KALIA LTD $ 7,543,042.00 0.004 0.003 -25
MRD MOUNT RIDLEY MINES LTD $ 3,499,296.50 0.002 0.002 -25
RNY RNY PROPERTY TRUST $ 1,580,483.38 0.008 0.006 -25
EER EAST ENERGY RESOURCES LTD $ 9,602,961.00 0.004 0.003 -25
GGX GAS2GRID LTD $ 3,469,227.25 0.004 0.003 -25
CYP CYNATA THERAPEUTICS LTD $ 127,293,816.00 1.790 1.250 -26
SL1 SYMBOL MINING LTD $ 7,311,564.00 0.019 0.013 -26
MPR MPOWER GROUP LTD $ 3,348,025.00 0.030 0.022 -27
SCN SCORPION MINERALS LTD $ 1,947,269.75 0.015 0.011 -27
TRM TRUSCOTT MINING CORP LTD $ 1,296,257.00 0.015 0.011 -27
SFL SPRING FG LTD $ 4,277,726.00 0.041 0.030 -27
VP7 VELOCITY PROPERTY GROUP LTD $ 12,667,252.00 0.048 0.035 -27
SPT SPLITIT PAYMENTS LTD $ 285,045,952.00 1.600 1.140 -28
FIJ FIJI KAVA LTD $ 5,995,920.00 0.100 0.086 -28
KGM KALNORTH GOLD MINES LTD $ 4,471,200.50 0.005 0.005 -29
DLC DELECTA LTD $ 3,479,981.00 0.006 0.005 -29
WGN WAGNERS HOLDING CO LTD $ 355,026,304.00 3.190 2.200 -29
FHS FREEHILL MINING LTD $ 13,681,251.00 0.021 0.017 -29
TMX TERRAIN MINERALS LTD $ 2,253,062.00 0.005 0.004 -30
DDD 3D RESOURCES LTD $ 2,214,442.25 0.003 0.002 -33
AUH AUSTCHINA HOLDINGS LTD $ 2,230,770.00 0.003 0.002 -33
AKN AUKING MINING LTD $ 932,584.44 0.001 0.001 -33
CLZ CLASSIC MINERALS LTD $ 3,005,720.00 0.002 0.001 -33
CIO CONNECTED IO LTD $ 3,626,170.00 0.003 0.002 -33
GTE GREAT WESTERN EXPLORATION LT $ 3,860,797.25 0.006 0.004 -33
CGM COUGAR METALS NL $ 1,065,472.13 0.001 0.001 -33
BLK BLACKHAM RESOURCES LTD $ 24,781,206.00 0.027 0.018 -33
FRM FARM PRIDE FOODS LTD $ 24,831,080.00 0.685 0.450 -34
REF REVERSE CORP LTD $ 1,485,769.00 0.020 0.016 -36
9SP 9 SPOKES INTERNATIONAL LTD $ 12,381,780.00 0.037 0.025 -37