ASX Small Cap Winners Jan 8-12

Investors piled back into the market last week after the break – and Aussie small caps were at the top of the shopping list.

Explorer Diatreme Resources was among the week’s small cap winners, jumping 80 per cent from 1.5c to 2.7c.

The shares surged as high as 3.5c on Thursday after signing up with a Chinese mining services firm to help advance its Cyclone zircon project.

Diatreme had just $325,000 in the kitty at the end of September.

China ENFI Engineering will complete a definitive feasibility study for the Cyclone project in Western Australia.

Zircon is used in engines, electronics, spacecraft and the ceramics industry.

“The agreements with ENFI represent the final push forward for our Cyclone project, with the potential for first production by the end of the decade,” chief Neil McIntyre told investors.

Colorado cannabis play Elixinol Global has enjoyed a stellar start to life on the ASX after floating last week.

Elixinol (ASX:EXL) which raised $20 million selling shares at $1 apiece, closed the week up 81 per cent at $1.81.

Elixinol joined forces with Hemp Foods Australia to “provide investors with access to global markets in the emerging sectors of hemp-based dietary supplements and skin care, hemp food products and medical cannabis products.

“With global exports of Australian medical marijuana now approved, the world will soon have single-source access to best in class medical marijuana and hemp products from Elixinol, one of the world’s most trusted brands,” founder and chief Paul Benhaim told investors.

Metals Australia was on the boil this week. Its shares doubled despite a lack of news.

The share price spike prompted a “please explain” from the ASX.

In the past, Metals Australia (ASX:MLS) was largely focused on uranium exploration, but after acquiring some lithium and graphite-prospective tenements in Canada, it appears to have found favour again with investors.

Shares clawed their way up from 0.5c at the start of the week to 1c on Friday — a 100 per cent gain.

Investors bought back into biotech BARD1 Life Sciences this week after the biotech re-proved its cancer diagnostics technology. A rushed study in 2017 had delivered disappointing results.

The new study tested its ovarian cancer detection technology and algorithm on 400 blood samples — and the company said they had high rates of accuracy.

The company’s stock (ASX:BD1) gained 57 per cent this week, to 1.1c.

BARD1’s technology uses a biomarker to detect the body’s autoantibodies which attack abnormal proteins produced by cancerous tumours. The results are fed through an algorithm which provides a “cancer score”.

The score had an 82 per cent sensitivity – that is, the number of patients correctly identified as having cancer – and 79 per cent specificity, the number of people correctly identified as not having cancer.

Zinc miner Symbol jumped 72 per cent this week after telling investors it was on track to “transition into production to provide early cash flow” after restarting drilling at its “Imperial” project in Nigeria.

Symbol (ASX:SL1) hopes to upgrade the quality of the project’s Macy deposit after drilling in January. Production is planned for the second quarter.

The stock finished the week at 6.2c, up from 3.6c the previous Friday.

Here are the best performing ASX small cap stocks for Jan 8-12:

Code Name % change Jan 8-12 Price Jan 12 Price Jan 5 Market Cap
ACS ACCENT RESOURCES 133.3333 0.014 0.006 2534003.25
DRX DIATREME RESOURCES 80 0.027 0.015 29844288
EXL ELIXINOL GLOBAL 81 1.81 1 196593504
MLS METALS AUSTRALIA 100 0.01 0.005 15021654
BD1 BARD1 LIFE SCIENCES 57.1429 0.011 0.007 8903949
CVS CERVANTES CORP 68.5393 0.015 0.0089 5359945.5
SL1 SYMBOL MINING 72.2222 0.062 0.036 27922656
AVW AVIRA RESOURCES 57.1429 0.011 0.007 3795000
TNT TESSERENT 46.6667 0.088 0.06 10887938
FYI FYI RESOURCES 57.3034 0.14 0.089 18036152
DHR DARK HORSE RESOURCES 45.4545 0.032 0.022 52846836
UIL UIL ENERGY 50 0.045 0.03 8850942
NIU NIUMINCO GROUP 50 0.003 0.002 6670010.5
FCR FERRUM CRESCENT 50 0.003 0.002 9165844
WLC WOLLONGONG COAL 83.3333 0.011 0.006 84302792
FEI FE INVESTMENTS GROUP 46.6667 0.22 0.15 30737306
DAF DISCOVERY AFRICA 46.1538 0.019 0.013 3633459.25
DCL DOMACOM 26.3158 0.12 0.095 15129151
OGX ORINOCO GOLD 58.3333 0.057 0.036 44665552
AZM AZUMAH RESOURCES 40.9091 0.031 0.022 21671454
PBX PACIFIC BAUXITE 45.6140 0.083 0.057 23119522
MDC MEDLAB CLINICAL 37.6623 1.06 0.77 195863408
T3D 333D 40 0.007 0.005 5986583.5
VML VITAL METALS 20 0.012 0.01 18475648
SYA SAYONA MINING 19.2771 0.099 0.083 169630384
DTM DART MINING 50 0.012 0.008 6989407
IMC IMMURON 33.3333 0.24 0.18 31682288
AQC AUSTRALIAN PACIFIC COAL 48.1481 1.2 0.81 53665436
LSR LODESTAR MINERALS 44.4444 0.026 0.018 15258920

 ASX Small Cap Losers Dec 4-8

Chain food exports is one of the hottest sectors on the stockmarket.

But gold explorer Dampier has backed out of plans to enter the market, deciding to sell its subsidiary, Aurigin Foods to two of its directors after encountering difficulties with listing rules.

Shareholders were disappointed, selling down the shares 25 per cent this week from 5.2c to 3.9c.

Dampier’s (ASX:DAU) company secretary Michael Higginson told Stockhead: “We’re a gold exploration company, not an import-export company.

“We had no choice but to exit that transaction and do something else.

“The company has always been in gold exploration and under the listing rules we would have had to de-list and re-comply if we were to go further.

Aurigin is going ahead with a plan to set up a franchise-based retail chain in China to sell quality Australian produce.

Dampier told investors there was “considerable start-up risk and capital requirements to effectively establish the Aurigin business and this would be a substantial drain on Dampier’s financial resources and not consistent with Dampier’s core business of gold exploration and development”.

Dampier will retain a stake in the business.

Here are the worst performing ASX small cap stocks for Jan 8-12:

Code Name % Change Jan 8-12 Price Jan 12 Price Jan 5 Market Cap
NSE NEW STANDARD ENERGY -33.3333 0.004 0.006 2865672.25
NME NEX METALS EXPLORATION -33.3333 0.01 0.015 1527169.5
DAU DAMPIER GOLD -25.0000 0.039 0.052 3382405
MCX MARINER CORP -26.8293 0.03 0.041 384666.3125
THD THRED -27.2727 0.008 0.011 9217818
MSM MSM CORPORATION INTERNATIONA -32.8125 0.043 0.064 18168980
NKP NKWE PLATINUM -22.4138 0.045 0.058 38543960
AEB ALGAE.TEC -17.2414 0.048 0.058 30242058
BMT BERKUT MINERALS -24 0.19 0.25 10320166
JJF JIAJIAFU MODERN AGRICULTURE -7.6923 0.12 0.13 8518399
SVH SILVER HERITAGE GROUP -22.5806 0.12 0.155 70318584
MAU MAGNETIC RESOURCES NL -22.2222 0.175 0.225 25956298
EOR ENHANCED OIL & GAS RECOVERY -22.2222 0.007 0.009 6806448
NMS NEPTUNE MARINE SERVICES -21.3483 0.7 0.89 43008904
OLH OLDFIELDS HOLDINGS -20.9091 0.087 0.11 7149329
MSP MAXSEC GROUP -20.8333 0.019 0.024 8968207
LNY LANEWAY RESOURCES -20 0.004 0.005 13386931
RIE RIEDEL RESOURCES -17.1429 0.087 0.105 35117856
KFE KOGI IRON -9.6774 0.14 0.155 74019336
DGH DESANE GROUP HOLDINGS -11.5385 1.15 1.3 39050444
WEC WHITE ENERGY CO -19.2308 0.042 0.052 13791729
LVE LOVE GROUP GLOBAL -18.1818 0.09 0.11 3693315.75
AJL AJ LUCAS GROUP -17.4419 0.355 0.43 207742000
NTI NEUROTECH INTERNATIONAL -11.5385 0.23 0.26 23417318
BDI BLINA MINERALS NL -33.3333 0.002 0.003 7909728.5
KTE K2 ENERGY -16.6667 0.01 0.012 2421105.75
CMC CHINA MAGNESIUM CORP -16.6667 0.02 0.024 5594122.5
RNL RISION -16.6667 0.005 0.006 5548161.5
AOU AUROCH MINERALS -13.0435 0.1 0.115 8361221.5
AAJ ARUMA RESOURCES -13.5135 0.032 0.037 13541430