ASX Small Cap Winners Apr 27-May 4

3D developer Integrated Media Technologies (ASX:ITL) more than tripled this week with no explanation ahead of its delisting from the local bourse.

But the 253 per cent weekly gain on the ASX was nothing compared to the performance of the dual-listed stock in the US — where it trades on the NASDAQ exchange (code: IMTE).

The NASDAQ shares went nuclear on Thursday (Australian time) with a 2000 per cent gain (see graph below).

The US shares moved from $1.76 to an astonishing $44 before closing the day at $36.28. The stock closed the week at $20.11.

Trading volume jumped from an average of 471 shares to 2.2 million on Thursday.

The reason? No one seems to know.

A reporter from Dow Jones’s MarketWatch was unable to contact the company’s new US PR agency on Thursday.

“Shares of Integrated Media Technology rocketed nearly 1,000% [intraday], on no apparent news, with the newly hired public relations agency unavailable to offer an explanation,” MarketWatch reported.

“MarketWatch called a spokesperson for the Australia-based company, which develops visual technology with a focus on glasses-free 3D display technology, but there was no answer and the voicemail inbox was full.”

Here’s a graph showing Integrated’s NASDAQ-listed shares over the past few days:

Integrated Media's NASDAQ-listed shares (IMTE) jumped 2000 per cent on Thursday.
Integrated Media’s NASDAQ-listed shares (IMTE) jumped 2000 per cent on Thursday.

Here are Integrated’s shares on the ASX over the same period:

Integrated Media's ASX-listed shares (ITL) over the past month.
Integrated Media’s ASX-listed shares (ITL) over the past week.

Both the ASX and NASDAQ issues queries.

Integrated told both exchanges it knew of no reason for the jump in activity.

Integrated expects to delist from the ASX to trade solely on the NASDAQ in mid-June. The local delisting would save costs, ITL said.

The ASX shares settled at $15 on Friday — up from $4.25 the previous week.

The mysterious ways of the stockmarket continued with Chinese payment tech stock 99 Wuxian (ASX:NNW) which surged 190 per cent for the week to 14.5c — again with no explanation.

The ASX made its usual query. Alas, 99 Wuxian was in the dark.

Earlier this month the AFR noted 99 Wuxian’s declining revenue and increasing costs in a lengthy article.

Financier PLC Financial Solutions (ASX:PLC) was also among the week’s winners with a 69 per cent jump to 2.7c — despite the ASX handing it a six-month deadline to pull up its socks.

PLC told shareholders on Wednesday it had six months to comply with listing rule 12.1 — which requires a company’s operations to be sufficient to warrant continued trading of its shares.

PLC was reviewing a number of proposals and investments though none had reached a stage that required disclosure, it said.

In March PLC said it was reviewing its Malaysian consumer finance business and was exploring “FinTech and Blockchain services to further add to shareholder value”.

UraniumSA (ASX:USA) gained 43 per cent for the seven days after announcing a move into cobalt.

UraniumSA told investors on Wednesday it would acquire six highly prospective NSW cobalt assets from Nomad Explorations — sending shares soaring. (That was before Elon Musk’s comments about cobalt).

Each project is in established mining regions with supporting infrastructure — close to the NSW historical mining centre of Broken Hill and near other junior explorer projects.

It’s part of the company’s strategic to de-merge its uranium projects into a shareholder-owned unlisted public vehicle.

Bryah Resources (ASX:BYH) picked up manganese rock chip samples with grades of up to 52 per cent in Western Australia’s Bryah Basin.

Investors were pretty pleased, sending shares up 30 per cent to 13c for the week.

The junior explorer added manganese to its cache after uncovering high grades of the steel-making material and battery metal at its Bryah Basin project earlier this year.

Bryah listed as a copper and gold explorer in October last year after it was spun out of Australian Vanadium.

North and South Korea might be working on peace – but Department 13 (ASX:D13) is still hoping to sell its MESMER anti-drone system to Korean military as well as airports, manufacturing plants and big corporations.

D13 this week signed a distribution deal with Korea Counter Terrorism Solutions (KCTS), a distributor of defence products in South Korea.

Sales can’t come fast enough after D13 failed to sell any MESMER systems in the March quarter, only banking $507,000 in receipts from sales made in the previous period.

The shares put on 19 per cent to 8.3c for the week.

Here are the best performing ASX small cap stocks for Apr 27-May 4:

Scroll to reveal the full table. Best viewed on a laptop or desktop:

ASX Code Company One-week price change Price May 4 Market Cap
ITL INTEGRATED MEDIA 2.52941176471 15.00 12.3M
NNW 99 WUXIAN 1.9 0.145 162.4M
KRL KANGAROO RESOURCES 1 0.04 89.3M
PLC PLC FINANCIAL 0.6875 0.027 2.0M
VPR VOLT POWER GROUP 0.5 0.003 20.6M
VMG VDM GROUP 0.5 0.003 11.8M
PRL PETREL ENERGY 0.5 0.003 5.3M
BPH BPH ENERGY 0.5 0.003 1.9M
AYM AUSTRALIA UNITED 0.5 0.003 5.1M
USA URANIUMSA 0.428571428571 0.01 3.6M
SDV SCIDEV 0.428571428571 0.01 4.9M
ANS AUSTSINO RESOURCES 0.384615384615 0.018 88.0M
BID BIDENERGY 0.344827586207 0.039 28.1M
TAP TAP OIL 0.339285714286 0.075 31.9M
RXH REWARDLE 0.333333333333 0.012 3.9M
WLC WOLLONGONG COAL 0.333333333333 0.008 74.9M
MNB MINBOS RESOURCES 0.333333333333 0.004 4.9M
EER EAST ENERGY 0.333333333333 0.004 1.4M
DW8 DAWINE 0.333333333333 0.008 4.1M
CTO CITIGOLD 0.333333333333 0.008 13.4M
BHL BOYUAN 0.314285714286 0.46 157.8M
AWN AROWANA 0.3 0.39 45.9M
BYH BRYAH RESOURCES 0.3 0.13 7.3M
TKL TRAKA RESOURCES 0.3 0.052 14.9M
RVY RIFT VALLEY 0.285714285714 0.018 11.9M
STX STRIKE ENERGY 0.275862068966 0.074 83.2M
AIS AERIS RESOURCES 0.259259259259 0.17 43.4M
VAN VANGO MINING 0.25 0.095 42.7M
UNL UNITED NETWORKS 0.25 0.05 6.3M
LCY LEGACY IRON ORE 0.25 0.005 7.3M

 

ASX Small Cap Losers Apr 27-May 4

Tesla boss Elon Musk had bad news for cobalt producers this week in a letter to shareholders and comments made to analysts.

The electric car maker is the world’s highest profile promoter of battery metals such as cobalt, lithium and nickel — which are in high demand for batteries needed to power the next generation of cars.

In a note that sent shivers down the spines of cobalt investors, Tesla said it had slashed its reliance on cobalt for its new Model 3 electric car model — while raising nickel content.

“We think we can get the cobalt to almost nothing,” Musk said.

Some — though not all — ASX-listed cobalt stocks took a tumble.

Cobalt Blue (ASX:COB) fell 21 per cent for the week. European Cobalt (ASX:EUC) fell 15 per cent. Mithril (ASX:MTH) was down 20 per cent and Latin Resources (ASX:LRS) lost 17 per cent.

On the other hand Victory Mines (ASX:VIC) gained 8 per cent and Collerina Cobalt (ASX:CLL) put on 10 per cent.

Here are the worst performing ASX small cap stocks for Apr 27-May 4:

Scroll to reveal the full table. Best viewed on a laptop or desktop:

ASX Code Company One-week price change Price May 4 Market Cap
FCR FERRUM CRESCENT -0.5 0.001 3.1M
BDI BLINA MINERALS -0.5 0.001 4.3M
RMI RESOURCE MINING -0.45 0.011 3.3M
KGM KALNORTH GOLD -0.4 0.006 7.2M
SYS SYNGAS -0.333333333333 0.002 1.2M
PCH PROPERTY CONNECT -0.333333333333 0.002 2.4M
JKA JACKA -0.333333333333 0.002 921.7k
AUL AUSTAR GOLD -0.333333333333 0.008 16.4M
APG AUSTPAC -0.333333333333 0.002 3.4M
QFY QUANTIFY -0.324324324324 0.025 14.2M
DME DOME GOLD MINES -0.3 0.14 37.7M
AB1 ANIMOCA BRANDS -0.292307692308 0.046 22.9M
SRO SHAREROOT -0.285714285714 0.005 6.2M
SBR SABRE -0.272727272727 0.016 5.9M
IILDA INNATE IMMUNOTHERAPY -0.261904761905 0.31 7.6M
EVS ENVIROSUITE -0.26 0.037 9.0M
T3D 333D -0.25 0.003 2.6M
SMA SMARTTRANS -0.25 0.003 19.7M
SHK STONE RESOURCES -0.25 0.003 2.4M
OEX OILEX -0.25 0.003 5.6M
IKW IKWEZI MINING -0.25 0.003 3.0M
BBX BBX MINERALS -0.25 0.18 76.1M
CRL COMET RESOURCES -0.234375 0.049 9.0M
PSY PANORAMA SYNERGY -0.231707317073 0.063 36.4M
ENA ENSURANCE -0.230769230769 0.04 9.0M
REV REAL ESTATE -0.217391304348 0.018 2.3M
COB COBALT BLUE -0.215094339623 1.04 143.7M
RVA REVA MEDICAL -0.210526315789 0.3 136.1M
BLT BENITEC BIOPHARMA -0.206730769231 0.165 36.4M
MTH MITHRIL RESOURCES -0.2 0.02 2.5M