ASX Small Cap Winners Nov 6-10

An IT retailer looking to set up a cryptocurrency exchange in Brisbane was the biggest mover of the week — though not necessarily the biggest winner.

Byte Power Group (ASX:BPG) was suspended from trade pending further investigation from the ASX after its share price skyrocketed this week.

Byte closed at 0.1c on Friday November 3, tripled in price on Monday and rose as much as ten times to a high of 1c on Tuesday.

The ASX issued a speeding ticket — but Byte knew of no unannounced information that might explain the surge in interest.

Two days later — with 26 per cent of the company’s shares traded — the ASX compliance team took matters into its own hands, suspending trade “pending further inquiries”.

The stock has not traded since.

Pilbara-focused zinc, copper and gold explorer Tando Resources (ASX:TNO) has gone from strength to strength since doubling its issue price on debut last week.

On Wednesday Tando engaged a contractor to carry out a maiden drilling programme at its gold projects in the Pilbara region of Western Australia.

Tando’s Quartz Bore Pilbara project is close to Venturex’s Loudens Patch Prospect and other recent gold nugget discoveries by De Grey Mining, DGO Gold and Segue Resources.

Tando shares almost doubled this week from 34.5c on Monday to 49.5c on Friday.

Aurora Labs (ASX:A3D) doubled this week after finalising a deal with engineering giant WorleyParsons to sell 3D metal printers to major infrastructure, mining and resource companies.

The deal was first announced in January when Aurora’s shares were trading above $3.

Since then Aurora’s shares have been in steady decline — but this week they’ve soared from 56c on Monday before the announcement to 95c at the close on Friday.

Aurora will team up with $4 billion Australian engineering group WorleyParsons (ASX:WOR) to create a joint venture “Solution Centre” providing manufacturing services to major industries.

Aurora plans to sell machines and services to clients of WorleyParsons, as well as establishing a business that sells 3D templates for printing.

Meanwhile cobalt explorer Archer Exploration (ASX:AXE) also doubled its share price for the week after announcing high-grade results at its Yarcowie cobalt project in South Australia.

Rock chips were collected over a large area at Yarcowie with grades ranging from 0.36 per cent (3600 parts per million) up to 0.94 per cent (9400 parts per million) of cobalt.

Retailer AuMake (ASX:AU8) — which specialises in selling Australian products to “daigou” at a premium price — has had an exceptional start to listed life.

A daigou (which means to buy on behalf of) is anyone outside China who shops on behalf of a China resident. AuMake estimates 40,000 Australian daigous send 100 to 200 parcels to China every day.

On Wednesday AuMake shares reached 35c — just two months after it raised $6 million selling shares at 8c each.

The retailer gained 50 per cent for the week, finishing at 33c after buying Ugg boot maker Jumbuck Australia.

Here are the best performing ASX small cap stocks for Nov 6-10:

 

ASX Small Cap Losers Nov 6-10

After beating a board spill last week by a small margin, tech provider BPS Technology laid out a game plan to ward off another attack.

BPS, best known for its Bartercard business trading system, plans to extend its payments platform to consumers and cut $6 million in costs over three years, chairman Murray d’Almeida told investors.

But that didn’t stop investors selling down the stock, which lost 25 per cent of its value this week, closing at 64c on Friday.

The previous week, a majority of shareholders voted against a motion to sack the board put forward by two activist shareholders, Alceon Liquid Strategies and LHC Capital partners – who together own 8.8 percent of the business.

The challengers had said they had “overwhelming” support from institutional shareholders for a board spill based on concerns around corporate governance, rising debt and low free cashflow.

Here are the worst performing ASX small cap stocks for Nov 6-10: