Coming off the Easter break, local stocks were able to tread water for most of this week, before finally submerging on Friday.

Within sight of its new all-time high, the ASX 200 largely shrugged off lingering fears around interest rates and financial conditions.

But a recommitment from the US Fed on Thursday night to step on the gas when it comes to rate hikes proved too much for the XJO to handle.

US stocks got a fright, and that flowed through to Friday trade in Asia with most of the major regional indexes in the red.

By week’s end, the microcap Emerging Companies index was 2.3% lower while the ASX 200 fell by around 0.6%.

 

How did this week’s IPOs perform?

RLF AgTech (ASX:RLF)

The company raised $10m from investors at 20c per share, to advance the growth of its Plant Proton Delivery Technology (PPD Tech).

PPD Tech enables farmers “to grow higher yielding, better quality, and more nutritious produce, while massively reducing atmospheric carbon”, the company says.

Shares in RLF got off to a slow and steady start amid the broader market selloff on Friday, to close at 18.5c.

The Perth-based company joins the ASX with global growth plans, and is also take a partnership approach with the use of its technology as part of the adjacent market for carbon credits.

Osmond Resources (ASX:OSM)

The SA and Victoria-based explorer got off to a stronger start on Friday, trading at 25c after raising $5m from investors at 20c per share.

OSM has a number of projects on the go in SA, starting with the Yumbarra Project (nickel and mineral sands), along with the Fowler, Coorabie Shear Zone, and Tallacootra projects (nickel/copper and gold).

Those are accompanied by the Sandford project in Victoria which is prospective for gold and base metals (copper, lead, silver, and zinc), as well as ionic REE clays and heavy mineral sands.

The company will deploy the funds raised to kick off exploration activities across its suite of projects.

 

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for April 19 – 22:

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Code Company Price % Week Market Cap
PTR Petratherm Ltd 0.145 123.1% $31,826,849
W2V Way2Vatltd 0.1075 115.0% $6,079,011
RAB Adrabbit Limited 0.027 107.7% $4,645,036
OAR OAR Resources Ltd 0.0085 70.0% $18,313,800
LRV Larvottoresources 0.425 57.4% $14,422,625
OZM Ozaurum Resources 0.155 56.6% $10,871,040
ALY Alchemy Resource Ltd 0.0275 52.8% $18,094,553
TGH Terragen 0.215 50.9% $37,644,601
ANW Aus Tin Mining 0.0015 50.0% $13,766,787
PBX Pacific Bauxite Ltd 0.15 50.0% $1,189,876
VR8 Vanadium Resources 0.15 42.9% $66,235,732
NC1 Nicoresourceslimited 1.665 39.3% $143,962,503
SRN Surefire Rescs NL 0.027 35.0% $25,988,687
EVE EVE Health Group Ltd 0.002 33.3% $8,619,617
MCT Metalicity Limited 0.008 33.3% $20,444,208
SMI Santana Minerals Ltd 0.755 32.5% $96,825,220
SPT Splitit 0.185 32.1% $82,294,913
PSL Paterson Resources 0.03 30.4% $10,177,758
XAM Xanadu Mines Ltd 0.036 28.6% $45,837,368
4DS 4Ds Memory Limited 0.12 27.7% $181,285,055
AQC Auspaccoal Ltd 0.255 27.5% $12,621,203
HAW Hawthorn Resources 0.165 26.9% $56,697,654
ITM Itech Minerals Ltd 0.645 26.5% $57,524,998
IEC Intra Energy Corp 0.02 25.0% $11,715,612
RNX Renegade Exploration 0.0125 25.0% $10,995,333
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As usual there were a number of outsized moves in small caps, but junior explorer Petratherm (ASX:PTR) stole the show with a massive jump on Wednesday.

PTR shares cooled off a bit into the end of the week, but the stock has held most of its gains after flagging a major rare earth discovery at the Comet Project within the Northern Grawler Craton of South Australia.

Shallow RAB drilling tested the top three metres of the prospective clay horizon where mineralisation encountered “impressive concentrations of high-value REEs”.

All 44 holes returned strong results with 23 holes hitting TREO > 1,000ppm, with PTR describing these intersections as similar in characteristics and grades to ion-absorption rare earth deposits of China – a major world supplier.

 

ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for April 11-14:

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

Code Company Price % Week Market Cap
IVO Invigor Group Ltd 0.07 -72.0% $10,877,190
NZK NZK Salmon Ltd 0.335 -48.5% $60,474,212
SIH Sihayo Gold Limited 0.003 -40.0% $11,056,384
KLR Kaili Resources Ltd 0.016 -30.4% $2,358,406
ZLDDG Zelira Therapeutics 2.2 -30.2% $22,985,078
CVN Carnarvon Energy Ltd 0.2425 -27.6% $441,045,791
ALT Analytica Limited 0.0015 -25.0% $6,920,702
AX8 Accelerate Resources 0.0495 -25.0% $12,672,945
VMG VDM Group Limited 0.0015 -25.0% $10,391,491
YPB YPB Group Ltd 0.0015 -25.0% $9,176,751
S66 Star Combo 0.155 -24.4% $26,900,596
SAN Sagalio Energy Ltd 0.016 -23.8% $4,297,863
RCW Rightcrowd 0.11 -21.4% $28,722,734
MGT Magnetite Mines 0.031 -21.2% $97,952,153
MX1 Micro-X Limited 0.1875 -20.2% $87,460,665
9SP 9 Spokes Int Limited 0.004 -20.0% $5,973,349
ESH Esports Mogul Ltd 0.004 -20.0% $12,887,976
RCR Rincon 0.145 -19.4% $6,975,960
OKR Okapi Resources 0.35 -18.6% $44,512,886
ST1 Spirit Technology 0.11 -18.5% $76,443,212
ICG Inca Minerals Ltd 0.098 -18.3% $50,563,792
ADD Adavale Resource Ltd 0.042 -17.6% $15,606,388
BMN Bannerman Energy 0.26 -17.5% $397,460,333
BRX Belararoxlimited 0.86 -17.3% $24,505,467
SHP South Harz Potash 0.17 -17.1% $93,035,009
AML Aeon Metals Ltd. 0.059 -16.9% $60,606,622
IGN Ignite Ltd 0.15 -16.7% $12,541,505
TMZ Thomson Res Ltd 0.0425 -16.7% $26,079,388
TOE Toro Energy Limited 0.0225 -16.7% $93,536,212
LDR Lode Resources 0.21 -16.0% $8,701,242
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