ASX small cap stocks still gained this week despite tripping on Friday. Pic: via Getty Images
Weekly Small Cap and IPO wrap: Small caps steam on to more gains, cobalt stock edges higher on debut
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- ASX closes on a high with small caps up
- Cobalt-play High Tech Metals lists on the ASX
- Lincoln Minerals powers to the top of the small caps chart
By 4pm (AEDT) on Friday the S&P/ASX Emerging Companies index (XEC) — a benchmark for Australia’s micro-cap companies — was down 0.21%, though this failed to put a damper on it marking gains of 1.05% over the week.
ASX IPOs this week
High Tech Metals (ASX:HTM)
Listed: January 23
IPO: $4.7m at 20 cents/share
Battery metals-focused High-Tech Metals is the only IPO on the ASX this week and is currently trading up 3.7% to 21c after hitting a brief high of 21.5c.
The company is in the process of acquiring the Werner Lake cobalt project in northwestern Ontario, within the Kenora Mining District.
Initial plans include reviewing the existing exploration and geological data, drill targets not previously drilled and establish new drill targets at the Project.
New drill targets will be established using electromagnetic surveying to consider targets outside of the existing orebody, after which a reverse circulation and/or diamond drilling program will be conducted.
ASX Small cap winners:
Here are the best performing ASX small cap stocks for January 16-20:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % Week | Market Cap |
|---|---|---|---|---|
| LML | Lincoln Minerals | 0.066 | 863% | $26,449,250 |
| C1X | Cosmosexploration | 0.515 | 91% | $9,750,000 |
| BMO | Bastion Minerals | 0.069 | 77% | $6,026,351 |
| ICN | Icon Energy Limited | 0.013 | 63% | $9,216,164 |
| RBR | RBR Group Ltd | 0.004 | 60% | $5,626,952 |
| CNJ | Conico Ltd | 0.014 | 56% | $20,369,554 |
| ARE | Argonaut Resources | 0.003 | 50% | $12,723,743 |
| M8S | M8 Sustainable | 0.012 | 50% | $5,399,993 |
| SIX | Sprintex Ltd | 0.049 | 48% | $10,682,882 |
| ENX | Enegex Limited | 0.043 | 48% | $6,756,641 |
| ASN | Anson Resources Ltd | 0.2675 | 45% | $294,563,731 |
| PR1 | Pureresourceslimited | 0.44 | 42% | $10,940,254 |
| AMD | Arrow Minerals | 0.0085 | 42% | $20,270,121 |
| BME | Blackmountainenergy | 0.043 | 39% | $1,760,000 |
| ETR | Entyr Limited | 0.022 | 38% | $27,138,619 |
| BNZ | Benzmining | 0.54 | 35% | $31,950,412 |
| SPA | Spacetalk Ltd | 0.032 | 33% | $10,247,974 |
| PGY | Pilot Energy Ltd | 0.02 | 33% | $12,501,505 |
| SPA | Spacetalk Ltd | 0.032 | 33% | $10,247,974 |
| GLA | Gladiator Resources | 0.022 | 29% | $12,285,908 |
| TRM | Truscott Mining Corp | 0.075 | 29% | $12,536,780 |
| TIA | Tian An Aust Limited | 0.32 | 28% | $26,848,737 |
| ASM | Ausstratmaterials | 1.905 | 28% | $283,398,886 |
| CUF | Cufe Ltd | 0.023 | 28% | $22,220,584 |
| SMS | Starmineralslimited | 0.089 | 27% | $2,632,620 |
| MDI | Middle Island Res | 0.06 | 25% | $7,345,093 |
| PYR | Payright Limited | 0.05 | 25% | $9,217,060 |
| OKR | Okapi Resources | 0.205 | 24% | $30,204,392 |
| OZZ | OZZ Resources | 0.0645 | 24% | $2,580,850 |
| SKY | SKY Metals Ltd | 0.062 | 24% | $25,244,492 |
| ADX | ADX Energy Ltd | 0.008 | 23% | $24,631,875 |
| EQN | Equinoxresources | 0.16 | 23% | $6,075,000 |
| KOB | Kobaresourceslimited | 0.16 | 23% | $11,780,000 |
| CMD | Cassius Mining Ltd | 0.027 | 23% | $12,663,280 |
| PFT | Pure Foods Tas Ltd | 0.19 | 23% | $20,301,884 |
| ADD | Adavale Resource Ltd | 0.022 | 22% | $12,243,496 |
| AFW | Applyflow Limited | 0.022 | 22% | $3,253,374 |
| AHN | Athena Resources | 0.011 | 22% | $9,575,143 |
| COY | Coppermoly Limited | 0.011 | 22% | $21,939,569 |
| RLG | Roolife Group Ltd | 0.011 | 22% | $7,724,539 |
| SCN | Scorpion Minerals | 0.088 | 22% | $30,767,851 |
| BMM | Balkanminingandmin | 0.36 | 22% | $15,894,065 |
| UNT | Unith Ltd | 0.028 | 22% | $23,832,396 |
| PGM | Platina Resources | 0.023 | 21% | $12,463,607 |
| KNG | Kingsland Minerals | 0.175 | 21% | $4,801,972 |
| MYR | Myer Holdings Ltd | 0.965 | 21% | $776,108,480 |
| LLI | Loyal Lithium Ltd | 0.475 | 20% | $23,620,500 |
| PGD | Peregrine Gold | 0.535 | 20% | $22,282,336 |
| CTO | Citigold Corp Ltd | 0.006 | 20% | $17,001,955 |
| DUN | Dundasminerals | 0.18 | 20% | $8,302,744 |
Last week’s second place winner for small cap stocks, Lincoln Minerals (ASX:LML), took the gold medal with a 863% gain to 6.6c.
The company, which remains a takeover target for QGL, is focused on progressing its advanced Kookaburra Gully project in South Australia, which has a 3.88Mt resource grading 12.6% TGC for 489,360t of contained graphite.
It is currently defining targets for drilling in 2023.
ASX Small cap losers:
Here are the worst performing ASX small cap stocks for January 16-20:
Swipe or scroll to reveal full table. Click headings to sort:
| OXX | Octanex Ltd | 0.003 | -57% | $776,933 |
|---|---|---|---|---|
| GLV | Global Oil & Gas | 0.001 | -50% | $5,143,196 |
| LBY | Laybuy Group Holding | 0.035 | -41% | $9,786,147 |
| AO1 | Assetowl Limited | 0.001 | -33% | $1,572,130 |
| GLE | GLG Corp Ltd | 0.34 | -33% | $25,194,000 |
| MEB | Medibio Limited | 0.001 | -33% | $3,320,594 |
| NTL | New Talisman Gold | 0.002 | -33% | $6,254,451 |
| ADG | Adelong Gold Limited | 0.013 | -28% | $7,473,512 |
| OPN | Oppenneg | 0.062 | -27% | $9,864,954 |
| FLX | Felix Group | 0.105 | -25% | $16,455,570 |
| INP | Incentiapay Ltd | 0.006 | -25% | $7,590,382 |
| MGG | Mogul Games Grp Ltd | 0.0015 | -25% | $4,895,162 |
| PRM | Prominence Energy | 0.0015 | -25% | $4,849,218 |
| ROO | Roots Sustainable | 0.0015 | -25% | $1,569,245 |
| VIP | VIP Gloves | 0.003 | -25% | $3,147,126 |
| ERG | Eneco Refresh Ltd | 0.014 | -22% | $3,813,017 |
| H2G | Greenhy2 Limited | 0.029 | -22% | $13,400,187 |
| HPP | Health Plant Protein | 0.055 | -21% | $8,351,810 |
| PO3 | Purifloh Ltd | 0.205 | -21% | $6,147,082 |
| ILA | Island Pharma | 0.15 | -21% | $6,486,949 |
| G50 | Gold50Limited | 0.175 | -20% | $11,388,600 |
| CHR | Charger Metals | 0.335 | -20% | $17,267,175 |
| AQX | Alice Queen Ltd | 0.002 | -20% | $4,400,500 |
| AYM | Australia United Min | 0.004 | -20% | $7,370,310 |
| WEL | Winchester Energy | 0.008 | -20% | $9,091,978 |
| BGD | Bartongoldholdings | 0.225 | -20% | $19,835,730 |
| TAS | Tasman Resources Ltd | 0.009 | -18% | $6,711,526 |
| TSN | The Sust Nutri Grp | 0.018 | -18% | $2,170,915 |
| PPY | Papyrus Australia | 0.037 | -18% | $18,785,093 |
| BMG | BMG Resources Ltd | 0.014 | -18% | $5,403,883 |
| OFX | OFX Group Ltd | 2 | -17% | ########## |
| RRR | Revolverresources | 0.22 | -17% | $23,675,887 |
| AD1 | AD1 Holdings Limited | 0.01 | -17% | $7,007,313 |
| CLE | Cyclone Metals | 0.0025 | -17% | $15,291,842 |
| IPB | IPB Petroleum Ltd | 0.01 | -17% | $5,020,069 |
| JTL | Jayex Technology Ltd | 0.01 | -17% | $2,990,742 |
| KDY | Kaddy Limited | 0.04 | -17% | $5,681,055 |
| MSI | Multistack Internat. | 0.01 | -17% | $1,363,039 |
| TD1 | Tali Digital Limited | 0.0025 | -17% | $8,325,467 |
| SLZ | Sultan Resources Ltd | 0.076 | -16% | $6,329,614 |
| ASR | Asra Minerals Ltd | 0.016 | -16% | $23,473,899 |
| DMG | Dragon Mountain Gold | 0.011 | -15% | $4,341,388 |
| GTR | Gti Energy Ltd | 0.011 | -15% | $16,560,319 |
| ICL | Iceni Gold | 0.11 | -15% | $14,101,607 |
| AN1 | Anagenics Limited | 0.023 | -15% | $5,531,660 |
| OD6 | Od6Metalsltd | 0.26 | -15% | $15,129,261 |
| RAS | Ragusa Minerals Ltd | 0.1025 | -15% | $14,972,873 |
| WHK | Whitehawk Limited | 0.062 | -14% | $16,233,367 |
| DOC | Doctor Care Anywhere | 0.065 | -14% | $24,198,388 |
| AOA | Ausmon Resorces | 0.006 | -14% | $5,143,736 |
