ASX Small Cap Winners Oct 30 – Nov 3

Anson shareholders were all smiles last week as the lithium play jumped 168 per cent to 9.2c.

Anson (ASX:ASN) signed a deal with China’s $US 2 billion Zhongfan Group to fast-track stage three of its Paradox lithium project in Utah. Zhongfan last month bought 20 million Anson shares at 3c, raising $600,000 to fund stage two.

Liontown Resources (ASX:LTR) more than doubled for the week after confirming widespread lithium minerals at a newly acquired project in Western Australia’s Eastern Goldfields.

Initial rock chip sampling at Liontown’s Buldania site revealed high-grade mineralisation over an extensive area.

The news sent Liontown  soaring 108 per cent for the week, closing at 2.6c on Friday.

Tando Resources (ASX:TNO) which doubled its issue price after making its ASX debut on Friday.

Tando shares hit a high of 42c in early Friday trade compared to an issue price of 20c.

The shares closed at 39.5c on Friday, up 98 per cent.

The Pilbara-focused zinc, copper and gold explorer — which raised $4.5 million in an oversubscribed initial public offering — is ready to hit the ground running with three significant projects, Tando managing director Bill Oliver told Stockhead.

Perth-based Tando is taking advantage of 10-year high base metal prices as well as the current investor appetite for conglomerate gold in the Pilbara.

Its projects also have conglomerate gold potential.

Blockchain and cryptocurrency play DigitalX (ASX:DCC) jumped 101 per cent, attracting a please-explain from the ASX.

DigitalX, which also advises on ICOs of Initial Coin Offerings, pointed to increased media attention around digital currency.

An Initial Coin Offering is like an initial public offering — but instead of offering shares in a company, an issuer offers digital tokens that can be traded on cryptocurrency platforms or for digital services.

Lithium and cobalt play MetalsTech (ASX: MTC) has continued to rise after last week announcing Chinese lithium-ion battery chemicals producer Wuxi Baichuan Chemical Industrial Company would buy a 10 per cent stake.

Wuxi is listed on the Shenzhen Stock Exchange and specialises in hi-tech chemicals. It has a market cap of about $5.5 billion compared to MTC’s $9 million.

MetalsTech surged 67 per cent this week, closing at 34.5c.

Investors jumped onboard Australian Mines (ASX:AUZ) after its Flemington cobalt, scandium and nickel project in NSW was revealed as part of the same deposit as Clean TeQ’s world-class Syerston project.

Syerston has one of the world’s biggest and highest-grade scandium deposits and is one of the biggest undeveloped nickel and cobalt resources outside Africa.

The news sent Australian Mines  shares soaring. They closed up 62 per cent for the week at 9.7c.

Investors stood back and applauded as Peel Mining confirmed a new zinc-rich discovery in NSW on Monday.

Peel unveiled stellar high-grade zinc, lead and silver results at its Southern Nights / Wagga Tank project about 130km south of Cobar in central NSW.

The stock soared 53 per cent this week on the back of the results, closing at 44c on Friday.

Here are the best performing ASX small cap stocks for Oct 30-Nov 3:

Ticker Name 5-day change Price 52wk High 52wk Low Market Cap
ASN ANSON RESOURCES 1.631579 0.092 0.105 0.01 32095606
LTR LIONTOWN RESOURCES 1.083333 0.026 0.033 0.008 24758516
DCC DIGITALX 1.011494 0.1875 0.215 0.02 73215384
BDI BLINA MINERALS 1 0.0025 0.003 0.001 5787783.5
MPE MAGNUM GAS & POWER 1 0.002 0.002 0.001 18777346
WFE WINMAR RESOURCES 1 0.001 0.0082 0.001 3316279.5
TNO TANDO RESOURCES 0.975 0.395 N/A N/A 12000000
ABL ABILENE OIL AND GAS 0.857143 0.013 0.014 0.007 5168986.5
QUR QUANTUM RESOURCES 0.857143 0.015 0.02 0.005 7019150.5
NOV NOVATTI GROUP 0.8125 0.25 0.295 0.092 39298976
WBT WEEBIT NANO 0.772727 0.038 0.049 0.014 52347472
LKE LAKE RESOURCES 0.75 0.17 0.18 0.031 31849024
EMG EMERGENT RESOURCES 0.75 0.014 0.019 0.006 3177874
PPY PAPYRUS AUSTRALIA 0.75 0.025 0.05 0.004 4398165
FYA FORTUNE ASIA GROUP 0.714286 0.06 0.079 0.03 5460000
MTC METALSTECH 0.666667 0.345 0.4 0.088 31129064
KBU KABUNI 0.666667 0.005 0.03 0.003 1207217.25
QSS QUESTUS 0.642857 0.023 0.024 0.013 2132273.75
MBM MOBECOM 0.628571 0.555 0.6 0.24 94629472
AUZ AUSTRALIAN MINES 0.616667 0.097 0.13 0.007 230177072
IOD IODM 0.6 0.01 0.03 0.005 3403980.5
AMG AUSMEX MINING GROUP 0.596491 0.088 0.095 0.04 36801528
4DS 4DS MEMORY 0.59375 0.051 0.057 0.02 43123732
CZN CORAZON MINING 0.588235 0.0265 0.059 0.011 28060650
PGM PLATINA RESOURCES 0.583333 0.21 0.215 0.065 50183984
N27 NORTHERN COBALT 0.565217 0.43 0.45 0.19 12877201
PSC PROSPECT RESOURCES 0.5625 0.054 0.056 0.02 79706416
GTR GTI RESOURCES 0.545455 0.017 0.042 0.01 1583833.375
PEX PEEL MINING 0.533333 0.44 0.485 0.14 76951544

 

ASX Small Cap Losers Oct 30 – Nov 3

Mustang (ASX: MUS) had a shocker this week after revealing disappointing results for a much-anticipated ruby auction.

As reported earlier by Stockhead, Mustang sold only eight bid schedules — comprising multiple lots — from a total of 21 schedules offered at the auction which took place over the weekend in Port Louis, the capital of Mauritius.

The auction netted a disappointing $713,456 for Mustang with only 7 per cent (or 29,463 carats) of the total 405,000 carats on offer sold.

A request for a trading halt sent on Saturday October 28, wasn’t received by the ASX for reasons unknown, resulting in Mustang trading on Monday morning.

Its shares plummeted from 14.5c on Friday to 9.6c on Monday, before they were suspended.

The shares ended at 3.9c on Friday, down 68 per cent for the week.

Gold producer Blackham Resources (ASX:BLK) dived after its quarterly results came out last week.

Blackham sold its gold at an average price of $1617 an ounce in the last three quarters.

But according to Stockhead calculations, once all expenses were taken into account, average costs for the first three quarters was about $2200/oz.

Blackham has lost between $400/oz and $700/oz in each quarter this year, based on selling gold at $1600/oz.

Blackham’s managing director Bryan Dixon declined to comment, but the company said in a statement on November 1 that it expects to be cash flow positive this quarter on the back of higher grades of ore.

Blackham lost 33 per cent this week, finishing on Friday at 14.5c.

Here are the worst performing ASX small cap stocks for Oct 30-Nov 3

Ticker Name 5-day change Price 52wk High 52wk Low Market Cap
MUS MUSTANG RESOURCES -0.682759 0.039 0.2 0.02 35325116
BSP BLACK STAR PETROLEUM -0.5 0.001 0.003 0.001 530012.6875
SP1 SEARCH PARTY GROUP -0.5 0.001 0.06 0.001 425676.2188
MCX MARINER CORP -0.477612 0.036 0.08 0.033 480832.875
AKF ASK FUNDING -0.428571 0.032 0.063 0.032 2110576.5
VIP VOLTAGE IP -0.428571 0.04 0.13 0.04 14192500
AHK ARK MINES -0.415385 0.076 0.25 0.049 3733842.5
FPL FREMONT PETROLEUM CORP -0.409091 0.013 0.08 0.012 3982845.75
IAM INTIGER GROUP -0.4 0.01 0.095 0.008 10270257
TTA TTA HOLDINGS -0.365854 0.026 0.045 0.026 3573008.5
ACP AUDALIA RESOURCES -0.35 0.013 0.028 0.013 4991446.5
ICG INCA MINERALS -0.333333 0.006 0.029 0.005 13826741
RCP REDBANK COPPER -0.333333 0.001 0.003 0.001 2339430.25
GGX GAS2GRID -0.333333 0.003 0.006 0.002 1826818.125
MXR MAXIMUS RESOURCES -0.333333 0.001 0.005 0.001 3027302
NIU NIUMINCO GROUP -0.333333 0.0015 0.007 0.001 3662121
TYK TYCHEAN RESOURCES -0.333333 0.004 0.012 0.002 1339083.75
BLK BLACKHAM RESOURCES -0.333333 0.145 0.83 0.11 49032452
MGZ MEDIGARD -0.333333 0.01 0.032 0.009 910074.75
R3D R3D GLOBAL -0.333333 0.03 0.17 0.03 1234411.75
WGL WANGLE TECHNOLOGIES -0.304348 0.015 0.04 0.008 14807107
UNL UNITED NETWORKS -0.304 0.069 0.28 0.069 10946770
KTE K2 ENERGY -0.285714 0.01 0.025 0.007 2421105.75
CVS CERVANTES CORP -0.285714 0.01 0.015 0.008 3243297
NCL NETCCENTRIC -0.285714 0.02 0.052 0.02 5250000
FFC FARMAFORCE -0.28 0.09 0.18 0.075 11475088
CAQ CAQ HOLDINGS -0.272727 0.08 0.145 0.06 57422904
ICI ICANDY INTERACTIVE -0.263158 0.17 0.225 0.04 38806984
CEL CHALLENGER ENERGY -0.26087 0.021 0.059 0.01 6620936.5