ASX Small Cap Winners Sep 18-22
ASX debutant Titomic was the big winner last week with a 160 per cent increase on its 20c issue price.
The 3D printer enjoyed a huge debut on the ASX Thursday as its shares surged to 45c — more than double the 20c offer price.
Titomic (ASX:TTT) raised $6.5 million in an Initial Public Offering to fund construction of one of the world’s biggest 3D metal printers in Melbourne.
The technology, co-developed with the CSIRO, can make complex parts without shape or size constraints — up to 30 times faster than conventional hardware.
On Friday Titomic shares gained another 15 per cent to 52c — giving IPO investors a 160 per cent premium.
“We couldn’t ask for a better start,” chief Jeff Lang told Stockhead after the float on Thursday.
California-focused Magnum Gas and Power doubled to 0.2c after a research report from Hunter Capital Advisors gave the stock a target price of 1.4c.
Magnum (ASX:MPE) has interests in several gas plays offshore from Sacramento, California.
“Strong news flow is expected in the next six months,” the report said. “We anticipate several share price catalysts including drilling of Tulainyo-2 well, log results and gas flow-rate data.”
Magnum this week received permission to start drilling at the Tulainyo-2 site from October.
Oil explorer Norwest Energy (ASX:NWE) jumped 75 per cent to 0.8c after reporting signs of hydrcarbons — an indicator of oil or gas — at its Xanadu-1 site in shallow waters 40 km south of Dongara, Western Australia.
“I am extremely pleased to have these early positive indicators of hydrocarbons encountered during the drilling of Xanadu-1,” Norwest chief Shelley Robertson told investors.
“Although further evaluation is required to understand the full potential, these are excellent first results.”
Smartwatch maker MGM Wireless (ASX:MWR) soared 75 per cent after reports on Thursday it expected to sell 10,000 to 20,000 of its kids “Spacetalk” watches in the coming 12 months, at a price of $429 each.
The lower figure was expected to double the company’s revenue.
MGM’s share price soared from 36c to 62c after the announcement.
“Spacetalk allows parents and children to be in constant contact via two-way 3G communication and features GPS tracking and alerts so that parents are notified whenever children leave designated safe spaces such as school or home,” MGM said on Wednesday.
Unfortunately, by Friday the company issued a clarification saying it “has not made any forecasted sales for Spacetalk”.
Shares fell back to 44c on Friday.
Investors flocked to lithium junior Anson Resources (ASX:ASN) on Wednesday after it inked a deal with three Chinese battery producers for the sale of lithium from its flagship Paradox project in Utah.
The stock was one of the big movers on Wednesday, doubling in price from 1.4c to 2.8c.
It finished up 64 per cent for the week at 2.4c.
Struggling livestock exporter Wellard (ASX:WLD) was up 50 per cent for the week to 17c after agreeing on a long-delayed shipment of 2000 head of cattle to China — though it still wasn’t clear when the shipment would happen.
Wellard flagged the deal in December and expected to be exporting beef cattle for slaughter to China in the first half of the year.
The ASX’s latest augmented reality stock, Thred, finished the week up 37 per cent at 0.09c after announcing it would rebuild its social media app Thred into a virtual reality app called Sweep.
Thred (ASX:THD) jumped 71 per cent to 1.2c on Thursday following the announcement.
“Some of the existing features of the Thred platform will be removed as Thred rebrands its consumer facing app to a new brand called Sweep,” the company announced.
Users of Sweep will be able to view augmented reality (AR) content such as restaurant reviews, historical information or sales discounts integrated into real-world scenes via a smart phone screen.
Here are the best performing ASX Small Cap stocks for Sep 18-22:
| Code | Name | % change (5-day) | Price | 52Wk High | 52Wk Low | Market Cap |
|---|---|---|---|---|---|---|
| MPE | MAGNUM GAS & POWER | 1 | 0.002 | 0.002 | 0.001 | 17880678 |
| GLA | GLADIATOR RESOURCES | 1 | 0.004 | 0.006 | 0.002 | 2696253.5 |
| NWE | NORWEST ENERGY NL | 0.75 | 0.008 | 0.011 | 0.002 | 21005550 |
| MWR | MGM WIRELESS | 0.742857 | 0.45 | 0.8931 | 0.3435 | 5584249 |
| ERX | EMPEROR RANGE GROUP | 0.714286 | 0.06 | 0.079 | 0.03 | 5460000 |
| JKA | JACKA RESOURCES | 0.666667 | 0.004 | 0.009 | 0.0025 | 2304298.75 |
| ASN | ANSON RESOURCES | 0.642857 | 0.023 | 0.058 | 0.01 | 6921989.5 |
| DHR | DARK HORSE RESOURCES | 0.625 | 0.007 | 0.018 | 0.003 | 8318576 |
| LFR | LONGFORD RESOURCES | 0.625 | 0.058 | 0.07 | 0.016 | 14912659 |
| EUC | EUROPEAN COBALT | 0.534091 | 0.1375 | 0.145 | 0.013 | 87915576 |
| WLD | WELLARD | 0.5 | 0.165 | 0.2843 | 0.1 | 87656304 |
| MXR | MAXIMUS RESOURCES | 0.5 | 0.0015 | 0.005 | 0.001 | 4540953 |
| AYR | ALLOY RESOURCES | 0.5 | 0.006 | 0.016 | 0.003 | 5801960 |
| RCE | RECCE | 0.466667 | 0.205 | 0.37 | 0.14 | 17341442 |
| TEG | TRIANGLE ENERGY GLOBAL | 0.444444 | 0.215 | 0.235 | 0.025 | 32590706 |
| TKL | TRAKA RESOURCES | 0.421053 | 0.029 | 0.031 | 0.016 | 7684929.5 |
| WBE | WHITEBARK ENERGY | 0.4 | 0.014 | 0.019 | 0.006 | 11693701 |
| PEL | PELICAN RESOURCES | 0.384615 | 0.018 | 0.018 | 0.007 | 6514624 |
| LIO | LION ENERGY | 0.375 | 0.055 | 0.1 | 0.035 | 6239119 |
| THD | THRED | 0.375 | 0.0095 | 0.045 | 0.005 | 12645761 |
| YNB | YONDER & BEYOND GROUP | 0.363636 | 0.045 | 0.094 | 0.031 | 6181029 |
| ZEU | ZEUS RESOURCES | 0.363636 | 0.015 | 0.02 | 0.009 | 2702250 |
| KIS | KING ISLAND SCHEELITE | 0.361111 | 0.048 | 0.07 | 0.025 | 10270826 |
| RCP | REDBANK COPPER | 0.333333 | 0.002 | 0.003 | 0.001 | 4678860.5 |
| LTN | LANTERN HOTEL GROUP | 0.333333 | 0.004 | 0.135 | 0.003 | 3532808.5 |
| RMT | RMA ENERGY | 0.333333 | 0.004 | 0.007 | 0.002 | 7305167.5 |
| GBI | GENERA BIOSYSTEMS | 0.333333 | 0.16 | 0.31 | 0.115 | 16099132 |
| CLL | COLLERINA COBALT | 0.333333 | 0.037 | 0.04 | 0.01 | 17672728 |
| TNP | TRIPLE ENERGY | 0.333333 | 0.16 | 0.44 | 0.12 | 6591621 |
| PXX | POLARX | 0.325301 | 0.11 | 0.13 | 0.065 | 26278682 |
| SGU | SUCCESS GLOBAL MEDIA | 0.322581 | 0.041 | 0.09 | 0.03 | 11702254 |
| AIV | ACTIVEX | 0.307692 | 0.17 | 0.21 | 0.05 | 30128826 |
| SYT | SYNTONIC | 0.307692 | 0.032 | 0.06 | 0.023 | 80091888 |
| MCT | METALICITY | 0.305556 | 0.045 | 0.088 | 0.034 | 24126416 |
ASX Small Cap Losers Sep 18-22
Lithium explorer AVZ Minerals (ASX:AVZ) one of the big losers of the week, despite announcing on Monday one of the “longest pegmatite intercepts ever reported” at its Congo project.
Pegmatites are the primary source of lithium.
Unfortunately shareholders were still focused on AVZ chairman Klaus Eckhof’s decision to sell more than a quarter of his shareholding several days earlier.
AVZ’s share price has been on a downward trajectory ever since — falling 31 per cent this week to finish at 10c.
Manalto lost 30 per cent of its value this week when the board sacked itself after scrapping its acquisition of digital marketer Bambu.
In a announcement released late on Friday evening (Sep 15), Manalto (ASX:MTL) said it had reached a “mutual agreement” not to proceed with the acquisition of Bambu.
“The focus of the company will be Manalto’s core business of the Manalto product which was re-launched in June 2017,” the company said.
Manlato’s shares have been suspended since Monday “pending clarification of the announcement”.
Here are the worst performing ASX small cap stocks for Sep 18-22:
| Code | Name | % change (5-day) | Price | 52Wk High | 52Wk Low | Market Cap |
|---|---|---|---|---|---|---|
| ACP | AUDALIA RESOURCES | -0.35 | 0.013 | 0.028 | 0.013 | 4991446.5 |
| QSS | QUESTUS | -0.35 | 0.013 | 0.039 | 0.013 | 1205198.125 |
| SDL | SUNDANCE RESOURCES | -0.333333 | 0.005 | 0.012 | 0.002 | 28592794 |
| JIP | JACK-IN GROUP | -0.315789 | 0.14 | 0.25 | 0.13 | 52294504 |
| AVZ | AVZ MINERALS | -0.307143 | 0.1 | 0.175 | 0.009 | 167071072 |
| MTL | MANALTO | -0.3 | 0.007 | 0.055 | 0.005 | 2606720.5 |
| ENZ | ENZUMO | -0.288136 | 0.042 | 0.18 | 0.04 | 4009274.75 |
| SCU | STEMCELL UNITED | -0.285714 | 0.024 | 1.085 | 0.012 | 9650942 |
| NCL | NETCCENTRIC | -0.285714 | 0.02 | 0.052 | 0.02 | 5250000 |
| SRI | SIPA RESOURCES | -0.266667 | 0.012 | 0.02 | 0.01 | 10229497 |
| CXZ | CONNEXION MEDIA | -0.25 | 0.017 | 0.14 | 0.015 | 1767341.625 |
| CLY | CLANCY EXPLORATION | -0.25 | 0.003 | 0.005 | 0.002 | 8142621 |
| PCL | PANCONTINENTAL OIL & GAS NL | -0.25 | 0.004 | 0.008 | 0.001 | 15785366 |
| 88E | 88 ENERGY | -0.25 | 0.021 | 0.068 | 0.02 | 111584728 |
| CT1 | CCP TECHNOLOGIES | -0.25 | 0.019 | 0.0452 | 0.0136 | 5137400.5 |
| EVE | EVE INVESTMENTS | -0.25 | 0.0045 | 0.01 | 0.0035 | 6674494 |
| SIE | SCIGEN-CUFS | -0.230769 | 0.05 | 0.07 | 0.009 | 27613500 |
| ECG | ECARGO HOLDINGS | -0.230769 | 0.05 | 0.25 | 0.042 | 26750000 |
| DAF | DISCOVERY AFRICA | -0.230769 | 0.01 | 0.016 | 0.006 | 1912347 |
| BSR | BASSARI RESOURCES | -0.222222 | 0.014 | 0.048 | 0.014 | 27119642 |
| KRC | KING RIVER COPPER | -0.222222 | 0.007 | 0.015 | 0.004 | 6073927.5 |
| CA8 | COASSETS | -0.21875 | 0.25 | 0.4 | 0.1 | 43648396 |
| BUX | BUXTON RESOURCES | -0.216216 | 0.155 | 0.3 | 0.068 | 16073369 |
| TDO | 3D OIL | -0.215385 | 0.051 | 0.072 | 0.029 | 12113673 |
| AEI | AERIS ENVIRONMENTAL | -0.214286 | 0.22 | 0.42 | 0.2 | 34703988 |
| DDD | 3D RESOURCES | -0.214286 | 0.012 | 0.015 | 0.003 | 9057883 |
| PUN | PEGASUS METALS | -0.212121 | 0.026 | 0.08 | 0.026 | 3020537.5 |
| LEX | LEFROY EXPLORATION | -0.210526 | 0.15 | 0.26 | 0.05 | 9669588 |
| AHQ | ALLEGIANCE COAL | -0.208333 | 0.036 | 0.15 | 0.019 | 8587819 |
| KIN | KIN MINING NL | -0.205882 | 0.26 | 0.45 | 0.17 | 46689940 |
| PUR | PURSUIT MINERALS | -0.204545 | 0.19 | 2.001 | 0.17 | 11439832 |
| NNW | 99 WUXIAN-CDI | -0.203125 | 0.051 | 0.13 | 0.046 | 59143820 |
| IBN | IBUYNEW GROUP | -0.2 | 0.0045 | 0.0126 | 0.0025 | 6776172.5 |
| EMG | EMERGENT RESOURCES | -0.2 | 0.008 | 0.014 | 0.006 | 1815928 |