For decades, people across the globe have been complaining about a strange humming noise that does not seem to have any explainable cause.

Seismologists now believe that “The Hum” – as the phenomena is sometimes known – could be caused by the rumblings of magma-filled reservoirs deep under the earth that mark the birth of new volcanos.

While Stockhead is secretly a little disappointed that the explanation was not something more exotic like mass hysteria or secret military research, it could certainly ease the concerns that some folks have.

Here are this week’s ASX Small Cap Winners & Losers:

 

ASX SMALL CAP WINNERS

Adavale Resources (ASX:ADD) +113%

Shares in former uranium play/shell company Adavale skyrocketed after it submitted applications for ground neighbouring the government owned Kabanga project in Tanzania — one of the largest undeveloped nickel sulphide projects in the world.

Major miners Glencore and Barrick previously spent hundreds of millions on exploration and predevelopment at Kabanga, before mothballing the project due to low nickel prices.

In a show of considerable ambition, the company also said that it was assessing whether to tender for the big prize – Kabanga – itself.

Genetic Technologies (ASX:GTG) +45%

Genetic Technologies was a crowd favourite this week after it confirmed that its GeneType breast cancer test would be released in the US commercially by the end of March.

It is soft launching the product in 20 centres in eight US states first, with a full commercial launch by the end of June.

The company’s new test provides a polygenic risk score, a number which counts the cumulative effects of a number of genes.

Here are the best performing ASX small cap stocks for January 6 – January 10 [intraday]:

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Code Name Price Last Friday Price this Friday % Return Market Cap
ADD ADAVALE RESOURCES LTD 0.016 0.034 113 5.41M
MNS MAGNIS ENERGY TECHNOLOGIES L 0.081 0.140 73 87.23M
ACP AUDALIA RESOURCES LTD 0.006 0.010 67 6.42M
CXX CRADLE RESOURCES LTD 0.030 0.045 50 8.54M
LCY LEGACY IRON ORE LTD 0.002 0.003 50 10.28M
IKW IKWEZI MINING LTD 0.002 0.003 50 12.20M
BPH BPH ENERGY LTD 0.001 0.002 50 5.01M
RNX RENEGADE EXPLORATION LTD 0.002 0.003 50 2.14M
GTG GENETIC TECHNOLOGIES LTD 0.005 0.008 45 32.51M
ICU ISENTRIC LTD 0.007 0.010 43 1.84M
AEE AURA ENERGY LTD 0.005 0.007 40 9.97M
EVE EVE INVESTMENTS LTD 0.005 0.007 40 21.24M
LKE LAKE RESOURCES NL 0.037 0.051 38 27.01M
ACB A-CAP ENERGY LTD 0.008 0.011 37 9.59M
OLL OPENLEARNING LTD 0.175 0.240 37 33.52M
MRR MINREX RESOURCES LTD 0.009 0.012 33 1.15M
RAN RANGE INTERNATIONAL LTD 0.018 0.024 33 4.83M
ICG INCA MINERALS LTD 0.002 0.002 33 8.10M
ALT ANALYTICA LTD 0.003 0.004 33 14.08M
FGO FLAMINGO AI LTD 0.002 0.002 33 2.24M
UUV UUV AQUABOTIX LTD 0.003 0.004 33 2.07M
SZL SEZZLE INC-CDI 1.395 1.855 33 368.97M
CXU CAULDRON ENERGY LTD 0.019 0.025 32 8.57M
CP1 CANNPAL ANIMAL THERAPEUTICS 0.115 0.150 30 13.97M
RIE RIEDEL RESOURCES LTD 0.010 0.013 30 5.43M
SHO SPORTSHERO LTD 0.031 0.040 29 13.13M
ID8 IDENTITII LTD 0.295 0.380 29 20.72M
ATP ATLAS PEARLS LTD 0.007 0.009 29 3.85M
ICE ICETANA LTD 0.190 0.240 26 32.89M
KTE K2 ENERGY LTD 0.004 0.005 25 1.50M
TMX TERRAIN MINERALS LTD 0.004 0.005 25 3.62M
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ASX SMALL CAP LOSERS

Eon NRG (ASX:E2E) -33%

Shares in Eon NRG dropped after testing of its Govt Kaehne #9-29 well indicated that the primary target Dakota Formation had low permeability, which would limit production.

As a result, the company is focusing on completing the shallower, more attractive Muddy formation.

Here are the worst performing ASX small cap stocks for January 6 – January 10 [intraday]:

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

Code Name Price last Friday Price this Friday % Return Market Cap
ORM ORION METALS LTD 0.019 0.015 -21 7.65M
GIB GIBB RIVER DIAMONDS LTD 0.065 0.050 -23 8.95M
NAE NEW AGE EXPLORATION LTD 0.004 0.003 -25 2.67M
GLV GLOBAL OIL & GAS LTD 0.002 0.002 -25 4.69M
OEX OILEX LTD 0.004 0.003 -25 10.28M
GSM GOLDEN STATE MINING LTD 0.070 0.052 -26 1.90M
REY REY RESOURCES LTD 0.290 0.215 -26 45.62M
NZS NEW ZEALAND COASTAL SEAFOODS 0.015 0.011 -27 5.83M
IRD IRON ROAD LTD 0.083 0.059 -29 40.93M
E2E EON NRG LTD 0.006 0.004 -33 3.08M
ROG RED SKY ENERGY LTD 0.003 0.002 -33 3.25M
VPR VOLT POWER GROUP LTD 0.002 0.001 -33 8.99M
XPE XPED LTD 0.002 0.001 -33 1.76M
PNN PEPINNINI LITHIUM LTD 0.003 0.002 -33 2.87M
MRD MOUNT RIDLEY MINES LTD 0.003 0.002 -33 5.37M
MLS METALS AUSTRALIA LTD 0.002 0.001 -33 3.21M
TRL TANGA RESOURCES LTD 0.003 0.002 -33 3.74M
SRN SUREFIRE RESOURCES NL 0.003 0.002 -33 1.26M
CAE CANNINDAH RESOURCES LTD 0.015 0.010 -33 1.93M
MRQ MRG METALS LTD 0.027 0.018 -33 18.73M
VAR VARISCAN MINES LTD 0.040 0.025 -38 5.15M
TNP TRIPLE ENERGY LTD 0.014 0.008 -43 575.97k
CCE CARNEGIE CLEAN ENERGY LTD 0.002 0.001 -50 11.14M
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