In a deliciously ironic twist, the Russian Foreign Ministry has urged the US to “observe democratic standards” and respect Americans’ right to protest.

A Ministry spokeswoman said Moscow had taken note of the use of tear gas to disperse rallies sparked by the death of George Floyd while pointing out that numerous journalists — including Russian reporters — had been hurt while covering the protests.

Australian journalists have also been attacked by police outside the White House, prompting Prime Minister Scott Morrison to call for an investigation.

“It’s time for the US to drop the mentor’s tone and look in the mirror,” Russian spokeswoman Maria Zakharova added.

Adding just a little more irony to the statements, Russians are poised to vote on constitutional reforms that could allow President Vladimir Putin to remain in his position until 2036, or another 16 years.

We’ll leave you to digest that while examining the biggest small movers this week

 

ASX SMALL CAP WINNERS

Alderan Resources (ASX:AL8) +192%

Copper-gold explorer Alderan Resources is top of the pack this week as investors responded to its plan to complete exploration at its advanced projects in Utah.

The company has completed a share placement and issued convertible notes to professional and sophisticated investors to raise $2.1m to fund this effort.

It is earning up to 70 per cent of the copper-gold Valley-Crossroads and Detroit projects through an option agreement with Tamra Mining LLC and is also exploring the White Mountain gold project.

The projects have seen little modern exploration and have been underexplored for gold.

Fastbrick Robotics (ASX:FBR) +182%

Construction robotics pioneer Fastbrick nipped at Alderan’s heels after reporting earlier this week that its flagship Hadrian X H02 construction robot had recorded a new peak laying rate of over 200 blocks per hour, “representing a major milestone in the commercialisation journey”.

This is about 300 per cent faster than the rate the earlier H01 robot was achieving in February 2019 and makes its use even more compelling when measured against traditional manual bricklaying in most markets around the world.

Here are the best performing ASX small cap stocks for May 29 – June 5 [intraday]:

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

CODE NAME RETURN % PRICE THIS FRIDAY [INTRADAY] MARKET CAP
AL8 ALDERAN RESOURCES LTD 192 0.160 36.27M
FBR FBR LTD 182 0.070 111.47M
OPY OPENPAY GROUP LTD 172 3.020 329.23M
IP1 INTEGRATED PAYMENT TECHNOLOG 167 0.019 7.41M
CLZ CLASSIC MINERALS LTD 100 0.002 16.36M
UUV UUV AQUABOTIX LTD 100 0.002 1.52M
AUR AURIS MINERALS LTD 94 0.035 14.30M
NME NEX METALS EXPLORATION LTD 88 0.032 6.17M
DXN DXN LTD 83 0.021 23.11M
EUC EUROPEAN COBALT LTD 80 0.038 27.42M
DXB DIMERIX LTD 80 0.410 81.69M
SPT SPLITIT PAYMENTS LTD 77 0.775 290.70M
NVX NOVONIX LTD 75 0.710 160.79M
MCT METALICITY LTD 73 0.014 18.05M
OPL OPYL LTD 72 0.155 4.59M
GES GENESIS RESOURCES LTD 71 0.030 22.70M
ID8 IDENTITII LTD 68 0.160 13.08M
MNW MINT PAYMENTS LTD 62 0.025 11.84M
VEN VINTAGE ENERGY LTD 62 0.085 28.56M
PPL PUREPROFILE LTD 60 0.008 960.48k
AYS AMAYSIM AUSTRALIA LTD 58 0.515 156.41M
MEL METGASCO LTD 58 0.041 16.01M
OVH ONEVUE HOLDINGS LTD 54 0.375 99.13M
FRX FLEXIROAM LTD 54 0.019 6.10M
INP INCENTIAPAY LTD 53 0.029 15.09M
MGV MUSGRAVE MINERALS LTD 52 0.250 108.83M
TSL TITANIUM SANDS LTD 51 0.068 52.95M
ROG RED SKY ENERGY LTD 50 0.002 2.44M
AUH AUSTCHINA HOLDINGS LTD 50 0.003 4.90M
CRO CIRRALTO LTD 50 0.007 4.94M
CCE CARNEGIE CLEAN ENERGY LTD 50 0.001 16.71M
OEX OILEX LTD 50 0.003 10.95M
NXE NEW ENERGY MINERALS LTD 50 0.007 1.54M
SVD SCANDIVANADIUM LTD 50 0.018 6.33M
SUH SOUTHERN HEMISPHERE MINING 45 0.016 1.74M
SWM SEVEN WEST MEDIA LTD 45 0.125 192.25M
PEC PERPETUAL RESOURCES LTD 44 0.046 17.63M
AMI AURELIA METALS LTD 43 0.482 406.40M
SGO STREAM GROUP LTD 40 0.028 6.14M
BRK BROOKSIDE ENERGY LTD 40 0.007 7.05M
PMY PACIFICO MINERALS LTD 40 0.007 20.22M
HNR HANNANS LTD 40 0.006 13.92M
KIS KING ISLAND SCHEELITE LTD 38 0.069 18.24M
MSV MITCHELL SERVICES LTD 38 0.570 119.54M
QFE QUICKFEE LTD 38 0.415 79.07M
 

 

ASX SMALL CAP LOSERS

Kalium Lakes (ASX:KLL) -58%

Shares in the company dropped throughout the week with investors failing to be impressed by today’s announcement that development of its Beyondie sulphate of potash project was progressing in line with the updated timetable.

Specalist equipment fabrication and supply are on track with shipments from its German suppliers due to begin this month.

Here are the worst performing ASX small cap stocks for May 29 – June 5 [intraday]:

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

CODE NAME RETURN % PRICE THIS FRIDAY [INTRADAY] MARKET CAP
LML LINCOLN MINERALS LTD -20 0.004 2.30M
CAV CARNAVALE RESOURCES LTD -20 0.004 5.98M
SHK STONE RESOURCES AUSTRALIA LT -20 0.004 3.34M
CTO CITIGOLD CORP LTD -20 0.005 10.40M
SPQ SUPERIOR RESOURCES LTD -20 0.004 3.68M
LNY LANEWAY RESOURCES LTD -20 0.004 14.88M
IDZ INDOOR SKYDIVING AUSTRALIA G -20 0.004 1.35M
RMX RED MOUNTAIN MINING LTD -20 0.004 3.75M
JXT JAXSTA LTD -20 0.024 5.93M
EMP EMPEROR ENERGY LTD -20 0.028 2.79M
CLT CELLNET GROUP LTD -20 0.040 6.22M
CFO CFOAM LTD -20 0.040 7.69M
MQR MARQUEE RESOURCES LIMITED -20 0.039 2.48M
TBL TAMBLA LTD -20 0.175 3.47M
PAN PANORAMIC RESOURCES LTD -21 0.075 109.46M
CBE COBRE LTD -21 0.150 15.45M
PGY PILOT ENERGY LTD -22 0.018 1.91M
AGR AGUIA RESOURCES LTD -22 0.052 11.71M
ADN ANDROMEDA METALS LTD -22 0.055 79.84M
JAL JAMESON RESOURCES LTD -23 0.120 31.65M
CLA CELSIUS RESOURCES LTD -23 0.010 7.57M
POD PODIUM MINERALS LTD -23 0.022 3.24M
OVT OVATO LTD -24 0.015 11.71M
AMN AGRIMIN LTD -24 0.400 70.81M
CAD CAENEUS MINERALS LTD -25 0.001 5.25M
MEB MEDIBIO LTD -25 0.006 6.07M
PNN PEPINNINI LITHIUM LTD -25 0.002 2.25M
BSM BASS METALS LTD -25 0.003 8.43M
RNX RENEGADE EXPLORATION LTD -25 0.003 2.14M
DTR DATELINE RESOURCES LTD -25 0.002 12.32M
A1G AFRICAN GOLD LTD -26 0.100 5.58M
MJC MEJORITY CAPITAL LTD -27 0.016 2.24M
OLV OTHERLEVELS HOLDINGS LIMITED -29 0.005 2.84M
OAU ORA GOLD LTD -30 0.014 10.05M
MAG MAGMATIC RESOURCES LTD -30 0.250 42.41M
PEN PENINSULA ENERGY LTD -31 0.091 28.35M
ABT ABUNDANT PRODUCE LTD -31 0.011 933.33k
ICG INCA MINERALS LTD -33 0.0015 4.06M
GLA GLADIATOR RESOURCES LTD -33 0.001 2.00M
ALT ANALYTICA LTD -33 0.002 7.04M
MTB MOUNT BURGESS MINING NL -33 0.004 1.06M
VAL VALOR RESOURCES LTD -33 0.002 3.84M
PCL PANCONTINENTAL OIL & GAS NL -33 0.001 5.41M
CZL CONSOLIDATED ZINC LTD -40 0.003 6.90M
ECT ENVIRONMENTAL CLEAN TECHNOLO -50 0.001 9.60M
MLS METALS AUSTRALIA LTD -50 0.001 3.21M
KLL KALIUM LAKES LTD -58 0.150 103.98M