Weekly small cap wrap: Who deserves a high five?

ASX SMALL CAP WINNERS:

Oklo Resources +38%

It was a big week for breakout gold explorer Oklo Resources (ASX:OKU).

First, seasoned deal-maker Mark Connelly joined the board as non-exec chairman.

Connelly’s track impressive track record includes the $US570m tie up between Papillon Resources and B2 Gold in 2014, and the $US600m merger between Adamus Resources and Endeavour Mining in 2011.

Then Oklo exercised its option to acquire a 65 per cent interest in the Kossaya project — central to the company’s broader strategy of assembling a significant landholding within the gold-rich Birimian greenstone belts of western Mali.

The company continues to hold an option to acquire the remaining 35 per cent by July 2020.

READ: Barry FitzGerald — Oklo impresses investors

Allegiance Coal +44%

Coal hopeful Allegiance is going to buy a fully constructed mine for a nominal $1.

The explorer entered into a deal to acquire all the shares in New Elk Coal Company, which owns the New Elk Coal hard coking coal mine in southeast Colorado.

The mine has been on care and maintenance since late 2012, but is “fully constructed and permitted for the production of hard coking coal”, the company says.

There is an existing $55m debt burden to take care of – most of which will be paid from operating cashflow, Allegiance says.

READ: Barry FitzGerald — How Allegiance stacks up against Gina Rinehart’s new coal venture

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Rhinomed +41%

The Annual US Drugstore State of the Industry Report (2019-2020) has revealed that breathing medtech company Rhinomed’s (ASX:RNO) Mute product was the fastest growing product in the nasal strip category in US drugstores.

Columbia Care has partnered with Rhinomed to adapt the anti-snoring nose stent so it can deliver a slow-release dose of cannabis for, initially, sleep apnoea, pain control and PTSD.

The report said Mute led the category with 56 per cent growth in dollar terms from US based drug stores and 57 per cent growth in unit sales.

Rhinomed also received a CE Mark from the European Authority for its Pronto rechargeable, dual action, vapour release technology. The company can now sell its Pronto range in Europe.

Here are the best performing ASX small cap stocks for July 14 -19 (intraday):

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Ticker	Name	Price last Friday	Price this Friday [intraday]	Total Return %	Market Cap
IBX	IMAGION BIOSYSTEMS	0.02	0.055	155	$16,508,972.00
SPB	SOUTH PACIFIC RESOURCES	0.003	0.007	133	$1,158,607.13
TPC	TPC CONSOLIDATED	0.035	0.72	100	$7,864,929.00
GLV	GLOBAL VANADIUM	0.001	0.002	100	$5,658,960.00
CYQ	CYCLIQ GROUP	0.001	0.002	100	$1,943,936.25
SUR	SUN RESOURCES	0.001	0.002	100	$1,882,115.13
TCN	TECHNICHE	0.023	0.037	61	$7,796,615.00
OVN	OVENTUS MEDICAL	0.0294	0.46	53	$47,672,644.00
PCH	PROPERTY CONNECT	0.002	0.003	50	$2,057,590.38
CAD	CAENEUS MINERALS	0.001	0.0015	50	$3,211,890.50
GGX	GAS2GRID	0.002	0.003	50	$5,185,841.00
XPE	XPED	0.002	0.003	50	$4,520,492.50
ARO	ASTRO RESOURCES	0.002	0.003	50	$3,816,292.00
QGL	QUANTUM GRAPHITE	0.002	0.003	50	$22,981,742.00
IPT	IMPACT MINERALS	0.006	0.007	50	$11,895,118.00
NC6	NANOLLOSE	0.045	0.066	47	$4,949,999.50
AHQ	ALLEGIANCE COAL	0.073	0.1	44	$57,296,532.00
MEM	MEMPHASYS	0.038	0.054	42	$33,495,046.00
RNO	RHINOMED	0.245	0.34	41	$48,966,980.00
HCO	HYLEA METALS	0.052	0.073	40	$7,310,161.00
OVL	ORO VERDE	0.005	0.0075	40	$12,289,750.00
NTI	NEUROTECH INTERNATIONAL	0.02	0.027	40	$3,800,828.25
NME	NEX METALS EXPLORATION	0.013	0.018	38	$3,469,452.25
AMT	ALLEGRA ORTHOPAEDICS	0.105	0.0144	38	$14,436,063.00
OKU	OKLO RESOURCES	0.12	0.17	38	$58,551,060.00
SAU	SOUTHERN GOLD	0.11	0.155	36	$10,219,501.00

ASX SMALL CAP LOSERS:

Peninsula Energy -31%

Late last week, US President Donald Trump rejected a cap on uranium imports, bringing the long-running and disruptive Section 232 investigation to a close (for now).

This is good for uranium demand in general, but US-based miners, including ASX-listed Peninsula Energy (ASX:PEN), took a hit on the news.

Peninsula managing director Wayne Heili says while there would have been benefits for US uranium projects if some of the Section 232 petition recommendations were implemented, it believed the presidential action would put an end to the market uncertainty.

“This is positive for the uranium market as a whole as we now expect market activity to increase,” Heili says.

Here are the worst performing ASX small cap stocks for July 14 -19 (intraday):

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Code	Name	Price last Friday	Price this Friday [intraday]	Total Return %	Market Cap
AJJ	ASIAN AMERICAN MEDICAL GROUP	0.12	0.095	-21	$33,036,512.00
8CO	8COMMON	0.16	0.13	-22	$19,321,850.00
ANW	AUS TIN MINING	0.009	0.007	-22	$15,227,549.00
CGO	CPT GLOBAL	0.2	0.0155	-23	$5,862,823.50
LKE	LAKE RESOURCES	0.086	0.065	-24	$31,085,468.00
GIB	GIBB RIVER DIAMONDS	0.04	0.03	-25	$5,372,383.50
KTE	K2 ENERGY	0.008	0.006	-25	$1,803,942.88
AOA	AUSMON RESOURCES	0.004	0.003	-25	$1,648,918.00
HOR	HORSESHOE METALS	0.016	0.012	-25	$2,335,826.25
ADV	ARDIDEN	0.004	0.004	-25	$5,071,560.50
MLS	METALS AUSTRALIA	0.002	0.0015	-25	$4,390,796.50
PCL	PANCONTINENTAL OIL & GAS	0.002	0.001	-25	$8,110,073.00
AUL	AUSTAR GOLD	0.004	0.003	-25	$10,170,931.00
SMI	SANTANA MINERALS	0.004	0.003	-25	$2,025,598.50
XST	XSTATE RESOURCES	0.002	0.0015	-25	$1,710,736.38
DEG	DE GREY MINING	0.098	0.071	-25	$31,641,688.00
IVQ	INVITROCUE	0.07	0.052	-26	$27,316,936.00
FIN	FIN RESOURCES	0.014	0.01	-29	$2,916,914.50
PEN	PENINSULA ENERGY	0.305	0.205	-31	$52,429,852.00
PNN	PEPINNINI LITHIUM	0.003	0.003	-33	$3,714,035.25
ECT	ENVIRONMENTAL CLEAN TECHNOLOGIES	0.006	0.004	-33	$19,202,066.00
IDZ	INDOOR SKYDIVING AUSTRALIA	0.014	0.009	-40	$4,305,940.00
MPW	MSL SOLUTIONS	0.13	0.072	-45	$17,988,506.00
GPP	GREENPOWER ENERGY	0.002	0.001	-50	$1,943,207.13
GTE	GREAT WESTERN EXPLORATION	0.006	0.003	-50	$3,758,098.25
RFN	REFFIND	0.006	0.003	-50	$1,766,500.00