The Friday session isn’t without a few jitters, with the ASX 200 slipping further into the red for a fall of around 0.5% in afternoon trade.

But all in all, risk appetite prevailed and local stocks are on track to snap a four-week losing streak with a weekly gain of +1%.

The mood was buoyant across global markets as concerns eased that Omicron will wreck the reopening trade.

But stock investors still have to digest the marquee data event of the week — US inflation later tonight.

Markets know the annual number will be high, but if November CPI runs hot and the annual figure jumps above 7%, that could prompt a market response.


How did this week’s IPOs perform?

There was plenty of action to start the week, with three listings on Monday that had mixed results on their entry to listed life.

Copper and gold explorer Larvotto Resources (ASX:LRV) listed following a $6 million IPO at $0.20 per share.

The company has a trans-tasman project portfolio comprising the Mt Isa copper project Queensland, the Eyre multi-metals project in WA and the Ohakuri gold project New Zealand.

Shares in LRV fell by around 30% on day one and the stock closed the week at 14.5c.

Also joining the boards Monday was the Australian Bond Exchange (ASX:ABE), which runs a platform that offers simplified access to corporate bond markets for retail investors.

After raising $10.4m from investors at 65c per share, ABE shares initially dipped before bouncing back through the course of the week to reach 67c in Friday trade.

Rounding out the IPO party on Monday was Newmark Property REIT (ASX:NPR). It was steady as she goes for the listed real estate investment vehicle, which raised $128.3 million at $1.90 per share in its IPO and was trading at that level on Friday.

Things largely went quiet after that on the IPO front, with a number of scheduled ASX debuts (particularly in the resources sector) pushing back their launch dates.

But on Friday, junior explorer Panther Metals (ASX:PNT) joined the boards after raising $5m from investors at 20c per share.

The company is a spin-out from its eponymous parent company that’s listed on the London Stock Exchange, which will maintain a 37% stake.

PNT will explore its existing tenements in the Laverton region of WA as well as other nickel and cobalt projects across WA and NT.

LRV, ABE, NPR, PNT share price charts



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

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

Code Company Price % 1 week Market Cap $
NEU Neuren Pharmaceut. 3.85 122.5% $ 491,266,136.40
ERM Emmerson Resources 0.16 110.5% $ 74,735,773.35
ANL Amani Gold Ltd 0.0015 50.0% $ 32,813,346.16
PBX Pacific Bauxite Ltd 0.003 50.0% $ 1,189,842.10
SKT Sky Network 2.29 37.1% $ 401,783,142.90
LVE Love Group Global 0.135 35.0% $ 5,472,112.82
ATR Astron Corp Ltd 0.4 33.3% $ 44,091,748.08
RVS Revasum 0.67 32.7% $ 70,964,158.18
EGL Environmental Group 0.225 32.4% $ 64,740,629.77
IBG Ironbark Zinc Ltd 0.058 31.8% $ 56,812,582.69
MHC Manhattan Corp Ltd 0.013 30.0% $ 21,367,901.70
BBL Brisbane Broncos 0.58 28.9% $ 56,863,565.98
EMP Emperor Energy Ltd 0.051 27.5% $ 9,337,980.60
AHI Adv Human Imag Ltd 1.115 26.0% $ 174,922,892.10
NCL Netccentric Ltd 0.15 25.0% $ 38,206,574.37
AO1 Assetowl Limited 0.005 25.0% $ 3,264,820.42
CCE Carnegie Cln Energy 0.0025 25.0% $ 44,707,721.13
DCX Discovex Res Ltd 0.005 25.0% $ 12,843,320.38
YPB YPB Group Ltd 0.0025 25.0% $ 11,861,822.86
ICG Inca Minerals Ltd 0.11 25.0% $ 46,651,656.95
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The standout stock of the week was biotech play Nueren Pharmaceuticals (ASX:NEU), which enjoyed an upward re-rate after positive Phase 3 trial results.

On Tuesday, the company announced that its North American partner, Acadia Pharma (Nasdaq: ACAD) reported positive top-line results from the Phase 3 Lavender study of trofinetide, Neuren’s lead asset.

The 12-week placebo-controlled study evaluated trofinetide in 187 girls and young women aged 5-20 years with Rett syndrome — a neurological disorder that hinders brain development.

For its next steps, NEU will submit a Pre-New Drug Application meeting with the FDA in Q1 2022, while the all important New Drug Application (NDA) is slated for mid-year. Read Stockhead’s interview with the Nueren CEO Jon Pilcher here.

Also leading the pack with a triple-digit percentage gain was Emmerson Resources (ASX:ERM), which ripped higher on Wednesday after flagging a new contender for copper-gold hit of the year at its Hermitage project in the NT.

117m at 3.38% copper from 75m got the market talking — to the tune of a 129.73% intraday gain.

ERM had to call time early on a vertical drill-hole in high-grade mineralisation due to drilling difficulties. The company plans to recommence with a diamond ‘tail’ drill early next year.

Other winners included The Environmental Group (ASX:EGL), which rose sharply on Wednesday after announcing successful trial results for its PFAS water treatment solution, and the Brisbane Broncos (ASX:BBL) which climbed steadily throughout the week to close ~30% higher on no news.



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

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

Code Company Price % 1 week Market Cap $
MCX Mariner Corp Ltd 0.03 -45.5% $ 2,642,927.21
EMUCA EMU NL 0.005 -44.4% $ 364,365.62
TOM Tomizone Limited 0.002 -33.3% $ 850,401.35
WRM White Rock Min Ltd 0.225 -27.4% $ 33,479,456.42
PRM Prominence Energy 0.008 -27.3% $ 9,304,729.37
SE1 Sensera Ltd 0.014 -26.3% $ 5,795,950.20
KMT Kopore Metals Ltd 0.0275 -25.7% $ 19,361,667.00
PAL Palla Pharma Ltd 0.29 -25.6% $ 47,764,383.09
PCH Property Connect 0.0015 -25.0% $ 1,028,795.21
NTL New Talisman Gold 0.0015 -25.0% $ 4,690,838.04
ALT Analytica Limited 0.0015 -25.0% $ 6,920,701.69
SIX Sprintex Ltd 0.06 -25.0% $ 16,172,288.17
RIE Riedel Resources Ltd 0.013 -23.5% $ 12,567,191.81
GW1 Greenwing Resources 0.4 -23.1% $ 47,267,593.20
NVX Novonix Limited 9.43 -22.4% $ 4,656,742,233.30
VR1 Vection Technologies 0.1475 -22.4% $ 170,813,765.57
RIM Rimfire Pacific 0.007 -22.2% $ 12,643,713.15
BKY Berkeley Energia Ltd 0.145 -21.6% $ 66,869,507.25
IND Industrialminerals 0.2 -21.6% $ 6,055,500.00
SRI Sipa Resources Ltd 0.04 -21.6% $ 7,790,942.51
CYM Cyprium Metals Ltd 0.1375 -21.4% $ 76,250,593.89
NTO Nitro Software Ltd 2.645 -21.3% $ 667,655,008.16
SWP Swoop Holdings Ltd 1.42 -21.1% $ 219,359,717.95
NUC Nuchev Limited 0.54 -20.6% $ 31,046,638.80
CM8 Crowd Media Limited 0.031 -20.5% $ 20,265,737.31
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