Weekly Small Cap and IPO Wrap: Flying into Easter weekend on a high despite rising oil prices (again) and supply chain strain
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The ASX200 gained a wee bit this week (1.08%) and closed slightly up by 0.59% today.
Most sectors finished the week higher, led by Materials which gained 2.7%, followed by Utilities up 1.94%, Industrials up 1.69% and O&G up 1.62%.
Speaking of oil, prices jumped back above US$100 a barrel to US$108.16 despite the US increasing crude inventories and the International Energy Agency lowering its global demand growth estimates due to China’s lockdown.
And that lockdown has stranded workers and closed factories – which is straining global supply chains even further.
But let’s think about that one after Easter, deal?
Led by former Cassini boss Richard Bevan, this explorer is focused on giant nickel-copper-PGE discoveries in South Australia and WA.
NYM’s underexplored ‘Narryer’ project in WA is on “the edge of the ancient craton that hosts Chalice Mining’s (ASX:CHN) Julimar Ni-Cu-PGE discovery”.
There is also potential for ionic rare earths at Narryer, similar to Krakatoa Resources’ (ASX:KTA) recent REE discovery at Mt Clere.
The Sturt and Ceduna projects in SA are in strategic geological domains that have been under-explored, it says.
NYM raised $5m at 20c per share, listing today at $0.275.
The share price peaked at $0.30 by early afternoon, before settling at $0.28.
The explorer holds tenements in Queensland and Western Australia and lithium rights to certain tenements in the Yalgoo Lithium province.
The portfolio contains lithium, rubidium, nickel, cobalt, copper and gold, which the company says places them in an ideal position as the battery metals industry develops into the future.
The company IPOd at $8.12m at $0.25 and surged on debut on Wednesday.
The share price was up 41.37% from its listing price of $0.290, peaking at $0.43 this morning before leveling out at $0.41 by the end of the trading day.
Here are the best 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 |
---|---|---|---|---|
KTA | Krakatoa Resources | 0.125 | 116% | $33,891,640.46 |
MEG | Megado | 0.2 | 100% | $4,735,367.78 |
CZR | CZR Resources Ltd | 0.016 | 100% | $38,349,556.05 |
IG6 | Internationalgraphit | 0.38 | 90% | $31,780,362.12 |
MM1 | Midasmineralsltd | 0.34 | 62% | $16,331,437.50 |
IKW | Ikwezi Mining Ltd | 1.695 | 60% | $69,104,955.80 |
BCA | Black Canyon Limited | 0.48 | 50% | $15,747,777.96 |
MCM | Mc Mining Ltd | 0.165 | 50% | $24,097,933.00 |
PBX | Pacific Bauxite Ltd | 0.15 | 50% | $1,189,875.90 |
LCY | Legacy Iron Ore | 0.03 | 50% | $185,797,959.77 |
LDR | Lode Resources | 0.25 | 47% | $6,723,687.34 |
AHK | Ark Mines Limited | 0.44 | 47% | $12,657,839.14 |
NIM | Nimyresourceslimited | 0.55 | 45% | $23,676,089.23 |
M8S | M8 Sustainable | 0.023 | 44% | $10,067,519.04 |
JNO | Juno | 0.15 | 43% | $18,313,830.14 |
OSL | Oncosil Medical | 0.06 | 43% | $57,841,060.46 |
CAN | Cann Group Ltd | 0.405 | 42% | $123,938,851.38 |
RAG | Ragnar Metals Ltd | 0.048 | 41% | $17,516,189.78 |
ELE | Elmore Ltd | 0.0465 | 41% | $26,997,750.19 |
OKR | Okapi Resources | 0.42 | 40% | $47,421,115.07 |
HAW | Hawthorn Resources | 0.13 | 40% | $41,689,451.63 |
OPN | Oppenneg | 0.285 | 39% | $31,075,173.59 |
MLS | Metals Australia | 0.18 | 38% | $67,326,697.58 |
4DS | 4Ds Memory Limited | 0.092 | 37% | $126,174,398.45 |
VAN | Vango Mining Ltd | 0.048 | 37% | $62,996,881.60 |
SBR | Sabre Resources | 0.0075 | 36% | $14,243,695.54 |
HIO | Hawsons Iron Ltd | 0.49 | 36% | $375,402,798.75 |
ODE | Odessa Minerals Ltd | 0.019 | 36% | $9,668,719.94 |
BMN | Bannerman Energy Ltd | 0.305 | 36% | $454,240,381.12 |
GGX | Gas2Grid Limited | 0.004 | 33% | $12,174,306.23 |
NTL | New Talisman Gold | 0.002 | 33% | $6,254,450.73 |
PCL | Pancontinental Energ | 0.008 | 33% | $57,233,782.48 |
PNN | PepinNini Minerals | 0.825 | 33% | $51,742,150.33 |
HFR | Highfield Res Ltd | 1.265 | 32% | $437,315,864.40 |
5EA | 5Eadvanced | 3.29 | 32% | $940,141,198.00 |
RSG | Resolute Mining | 0.4 | 31% | $413,974,320.00 |
RAP | Resapp Health Ltd | 0.1125 | 31% | $98,807,663.86 |
LM8 | Lunnonmetalslimited | 1.24 | 31% | $80,722,785.52 |
KMT | Kopore Metals Ltd | 0.039 | 30% | $27,184,778.20 |
DTR | Dateline Resources | 0.13 | 30% | $52,551,810.60 |
BOE | Boss Energy Ltd | 2.98 | 30% | $954,239,256.44 |
PWN | Parkway Corp Ltd | 0.011 | 29% | $24,258,906.77 |
ACB | A-Cap Energy Ltd | 0.155 | 29% | $166,378,736.61 |
IBG | Ironbark Zinc Ltd | 0.049 | 29% | $54,898,301.77 |
AHN | Athena Resources | 0.009 | 29% | $5,690,772.91 |
HGO | Hillgrove Res Ltd | 0.09 | 29% | $97,465,991.73 |
REY | REY Resources Ltd | 0.23 | 28% | $44,504,783.19 |
NC1 | Nicoresourceslimited | 1.195 | 27% | $94,666,252.17 |
NES | Nelson Resources. | 0.024 | 26% | $6,474,537.61 |
KNI | Kunikolimited | 1.43 | 26% | $47,278,152.96 |
9SP | 9 Spokes Int Limited | 0.005 | 25% | $7,466,686.17 |
ICN | Icon Energy Limited | 0.025 | 25% | $17,359,571.77 |
SW1 | Swift Networks Group | 0.02 | 25% | $11,582,079.62 |
TRM | Truscott Mining Corp | 0.05 | 25% | $7,597,077.20 |
KZR | Kalamazoo Resources | 0.425 | 25% | $57,351,777.73 |
TGM | Theta Gold Mines Ltd | 0.15 | 25% | $83,370,987.24 |
A good week for exploration stocks.
Krakatoa Resources (ASX:KTA) exploded out of a trading halt on Tuesday to announce a “major clay hosted rare earth discovery” at its ‘Mt Clere’ project in WA.
Clay hosted deposits – like the ones exploited in major producer China — are commonly considered to be some of the cheapest and most readily accessible sources of heavy rare earths.
On Thursday, Megado Gold (ASX:MEG) announced the purchase of a high grade rare earths project in the US.
Battery focused International Graphite (ASX:IG6) continued its steady ascent after hitting the bourse with a bang last week.
Black Canyon (ASX:BCA) boosted resources by ~600% — to 104 million tonnes at 10.5% manganese — at the ‘Flanagan Bore’ project (51% ownership) in the Pilbara.
Manganese is an essential ingredient in steel making but is increasingly finding a niche in the EV market, where it is a major component in long range nickel-cobalt-manganese batteries.
And coal stock MC Mining (ASX:MCM) has completed a Bankable Feasibility Study – the most advanced of all project studies – on its Makhado hard coking coal project in South Africa.
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 |
---|---|---|---|---|
DCG | Decmil Group Limited | 0.11 | -44% | $14,892,792.19 |
MEL | Metgasco Ltd | 0.03 | -39% | $24,613,391.30 |
AFW | Applyflow Limited | 0.002 | -33% | $7,394,020.09 |
JAV | Javelin Minerals Ltd | 0.001 | -33% | $7,568,252.77 |
UUL | Ultima Utd Ltd | 0.12 | -33% | $10,629,590.98 |
ERD | Eroad Limited | 2.64 | -31% | $299,018,112.77 |
MSI | Multistack Internat. | 0.028 | -30% | $3,816,509.87 |
SIT | Site Group Int Ltd | 0.005 | -29% | $4,206,225.64 |
ANW | Aus Tin Mining | 0.0015 | -25% | $13,766,786.87 |
NZK | NZK Salmon Ltd | 0.65 | -25% | $91,414,506.95 |
AKN | Auking Mining Ltd | 0.16 | -24% | $11,385,688.80 |
EAX | Energy Action Ltd | 0.15 | -23% | $4,048,290.00 |
FIJ | Fiji Kava Limited | 0.06 | -23% | $12,156,176.90 |
LAW | Lawfinance Ltd | 0.275 | -23% | $12,891,953.53 |
SZL | Sezzle Inc. | 1.03 | -23% | $220,248,217.20 |
XAM | Xanadu Mines Ltd | 0.029 | -22% | $36,687,069.32 |
NXM | Nexus Minerals Ltd | 0.355 | -22% | $98,489,680.54 |
BSA | BSA Limited | 0.094 | -21% | $42,314,840.78 |
CZL | Cons Zinc Ltd | 0.03 | -21% | $10,540,734.39 |
AVL | Aust Vanadium Ltd | 0.071 | -21% | $246,825,006.02 |
RGL | Riversgold | 0.074 | -21% | $36,855,292.11 |
1AG | Alterra Limited | 0.022 | -21% | $6,944,406.85 |
EUR | European Lithium Ltd | 0.11 | -21% | $152,120,499.96 |
AMS | Atomos | 0.755 | -20% | $200,116,426.50 |
B4P | Beforepay Group | 0.56 | -20% | $18,414,386.78 |
BAS | Bass Oil Ltd | 0.002 | -20% | $10,825,362.92 |
GSM | Golden State Mining | 0.088 | -20% | $7,477,918.65 |
IMB | Intelligent Monitor | 0.24 | -20% | $16,293,578.25 |
OXT | Orexploretechnologie | 0.096 | -20% | $9,951,762.82 |
GTG | Genetic Technologies | 0.004 | -20% | $36,935,860.57 |
ICG | Inca Minerals Ltd | 0.12 | -20% | $60,194,990.88 |
OEX | Oilex Ltd | 0.004 | -20% | $35,838,953.52 |
TEM | Tempest Minerals | 0.1 | -20% | $39,790,089.80 |
EMP | Emperor Energy Ltd | 0.06 | -19% | $12,144,261.37 |
OZM | Ozaurum Resources | 0.099 | -18% | $5,435,520.00 |
AUH | Austchina Holdings | 0.014 | -18% | $28,029,492.29 |
RVS | Revasum | 0.6 | -18% | $68,845,825.10 |
PO3 | Purifloh Ltd | 0.64 | -18% | $20,647,891.19 |
HPG | Hipages Group | 1.565 | -18% | $204,554,979.72 |
BPM | BPM Minerals | 0.2 | -18% | $7,753,492.50 |
TMT | Technology Metals | 0.465 | -18% | $92,400,343.79 |
ECG | Ecargo Hldg | 0.02 | -17% | $12,305,000.00 |
LNY | Laneway Res Ltd | 0.005 | -17% | $30,434,726.83 |
NZS | New Zealand Coastal | 0.005 | -17% | $5,135,025.16 |
TMX | Terrain Minerals | 0.01 | -17% | $6,621,849.08 |
X2M | X2M Connect Limited | 0.125 | -17% | $10,603,552.95 |
PPK | PPK Group Limited | 4.025 | -17% | $366,086,101.30 |
GGE | Grand Gulf Energy | 0.049 | -17% | $62,872,422.59 |
GED | Golden Deeps | 0.019 | -17% | $14,741,177.36 |
MRL | Mayur Resources Ltd | 0.135 | -16% | $32,311,297.58 |
IIQ | Inoviq Ltd | 0.725 | -16% | $69,934,213.52 |
EOS | Electro Optic Sys. | 2.35 | -16% | $357,666,722.73 |
MCE | Matrix C & E Ltd | 0.16 | -16% | $23,371,428.64 |
PIL | Peppermint Inv Ltd | 0.016 | -16% | $31,474,785.22 |
PTM | Platinum Asset | 1.86 | -16% | $1,085,355,965.00 |
CTT | Cettire | 0.96 | -16% | $371,707,264.50 |
Z1P | Zip Co Ltd. | 1.2375 | -16% | $883,988,966.85 |
BEX | Bikeexchange Ltd | 0.051 | -16% | $9,969,062.69 |
CDT | Castle Minerals | 0.056 | -16% | $58,970,086.06 |
HFY | Hubify Ltd | 0.061 | -16% | $29,979,119.23 |
Construction company Decmil (ASX:DCG) was hammered after supply chain issues, price escalation, and border challenges caused losses on several contracts.
Outgoing CEO Dickie Dique said the forecast financial result was very disappointing as it was largely influenced by two issues – cost overruns at a Queensland Road project and the financial collapse of a subcontractor in WA – which did not reflect the success of other projects in the company’s work portfolio.
“Decmil is required to book the expected total loss on those projects in its FY22 results. It may recover some of those losses in claims in FY23,” he says.