In the financial market, the biggest factor of how your week went depended on what sector or asset you were in.
In crypto markets, Dogecoin keeps rising. In commodities it’s a good time to be in copper.
On the ASX, the winners list was dominated by gold and copper plays but the losers were all tech stocks.
ASX SMALL CAP WINNERS
Here are the best performing ASX small cap stocks for May 3-7 [intraday]:
Swipe or scroll to reveal full table. Click headings to sort:
Code Company Price ReturnWRoll% MktCap$ ODY Odyssey Gold Ltd 0.185 161 $ 88,243,438.73 GBR Greatbould Resources 0.099 111 $ 26,302,248.44 AFW Applyflow Limited 0.007 75 $ 14,494,829.91 HGO Hillgrove Res Ltd 0.076 55 $ 74,957,550.48 TAR Taruga Minerals 0.088 54 $ 36,002,967.47 MEY Marenica Energy Ltd 0.23 53 $ 48,849,793.34 CLZ Classic Min Ltd 0.0015 50 $ 35,114,382.70 PBX Pacific Bauxite Ltd 0.003 50 $ 1,189,842.10 LOT Lotus Resources Ltd 0.2 48 $ 175,767,955.92 IMU Imugene Limited 0.28 44 $ 1,243,937,514.04 SLZ Sultan Resources Ltd 0.285 43 $ 17,731,269.20 ATR Astron Corp Ltd 0.51 42 $ 61,238,539.00 MSG Mcs Services Limited 0.059 40 $ 10,803,924.31 FNX Finexia Financialgrp 0.071 37 $ 10,904,642.71 RNO Rhinomed Ltd 0.15 36 $ 35,533,278.48 BOA Boadicea Resources 0.35 35 $ 21,751,011.10 BRK Brookside Energy Ltd 0.032 33 $ 90,852,756.82 PVL Powerhouse Ven Ltd 0.14 33 $ 10,886,746.89 RHI Red Hill Iron 0.9 32 $ 53,890,334.10 PEN Peninsula Energy Ltd 0.165 32 $ 147,403,018.13 DUB Dubber Corp Ltd 2.82 31 $ 683,018,875.71 BMN Bannerman Resources 0.17 31 $ 214,044,800.04 KMT Kopore Metals Ltd 0.03 30 $ 16,780,111.40 PGD Peregrine Gold 0.385 28 $ 10,455,548.40 DYL Deep Yellow Limited 0.84 28 $ 278,013,522.83 CAE Cannindah Resources 0.087 28 $ 41,510,558.48 BOE Boss Energy Ltd 0.185 28 $ 432,872,498.14 PDN Paladin Energy Ltd 0.51 28 $ 1,384,752,734.04 RCR Rincon 0.35 27 $ 13,863,931.08 VAL Valor Resources Ltd 0.014 27 $ 46,301,302.69 CTE Cryosite Limited 0.33 27 $ 15,463,655.79 AON Apollo Minerals Ltd 0.11 26 $ 38,142,235.00 BAR Barra Resources 0.024 26 $ 16,262,594.42 IVX Invion Ltd 0.01 25 $ 55,380,422.95 OAK Oakridge 0.0025 25 $ 7,973,232.30 TEG Triangle Energy Ltd 0.04 25 $ 22,347,485.32
Odyssey (ASX:ODY) +161%
Drilling results that reveal dozens or hundreds of grams of gold per tonne are nice, but there’s nothing like seeing actual visible gold.
That’s what Odyssey scored this week, and shareholders in the company were handsomely rewarded.
Very visible gold. Pic: Supplied
Great Boulder Resources (ASX:GBR) +111%
Fellow gold play Great Boulder also rose, but it took two announcements over two days from two different projects.
On Wednesday it revealed the results of reverse circulation drilling at its Whiteheads project. Top hits included:
40m at 1.15g/t gold from 44m, including 24m at 1.54g/t;
40m at 1.03g/t from 40m, including 16m at 1.4g/t; and
15m at 1.02g/t from 65m.
The next day it revealed drilling results from its Mulga Bill project which its managing director labelled “stunning”. These included:
6m at 31.2 grams per tonne (g/t) gold from 130m, including 1m at 136g/t;
3m at 34.5g/t from 32m; and
14m at 2.62g/t from 88m, including 4m at 5.86g/t from 88m.
Applyflow (ASX:AFW) +75%
In what was a terrible week for most tech stocks, this HR software firm kept climbing off the back of its quarterly last Friday.
AFW’s SaaS platform booked $208,000 of contracts in the quarter, due largely to strong momentum in March following a key product update in February for its HR platform, the company said.
Hillgrove Resources (ASX:HGO) +55%
Back to resources – this copper play scored a mammoth 170m hit at its Kanmantoo project in South Australia.
The hit included sections like 23m at 2.48 per cent copper.
ASX SMALL CAP LOSERS
Here are the worst performing ASX small cap stocks for May 3-7 [intraday]:
Swipe or scroll to reveal full table. Click headings to sort:
Code Company Price ReturnWRoll% MktCap$ TMS Tennant 0.025 -50 $ 8,769,030.36 WOO Wooboard Tech Ltd 0.003 -45 $ 11,466,488.23 RXH Rewardle Holding Ltd 0.019 -41 $ 10,000,108.27 MHI Merchant House 0.076 -39 $ 7,164,253.70 MSI Multistack Internat. 0.053 -38 $ 5,615,196.20 IKW Ikwezi Mining Ltd 0.18 -36 $ 7,316,995.32 BIR BIR Financial Ltd 0.017 -35 $ 1,381,256.29 AOA Ausmon Resorces 0.006 -33 $ 4,263,956.06 TOM Tomizone Limited 0.002 -33 $ 850,401.35 BAS Bass Oil Ltd 0.002 -33 $ 8,355,350.24 AAU Antilles Gold Ltd 0.064 -32 $ 13,074,490.48 IXR Ionic Rare Earths 0.026 -32 $ 79,909,987.85 IHR intelliHR Limited 0.23 -31 $ 72,255,694.94 IDZ Indoor Skydive Aust 0.023 -30 $ 7,744,102.28 IBX Imagion Biosys Ltd 0.079 -28 $ 85,300,215.95 CAQ CAQ Holdings Ltd 0.018 -28 $ 14,355,725.62 HXG Hexagon Energy 0.11 -27 $ 51,291,590.11 RNT Rent.Com.Au Limited 0.195 -26 $ 83,507,387.67 AU1 The Agency Group Aus 0.055 -26 $ 25,714,595.04 CZL Cons Zinc Ltd 0.039 -25 $ 11,460,454.28 ANL Amani Gold Ltd 0.0015 -25 $ 10,786,996.75 YPB YPB Group Ltd 0.003 -25 $ 14,975,461.55 PCH Property Connect 0.0015 -25 $ 1,028,795.21 BRU Buru Energy 0.15 -25 $ 79,811,136.15 TTA TTA Holdings Ltd 0.03 -25 $ 4,122,702.30 3DP Pointerra Limited 0.57 -25 $ 388,253,289.40 WHK Whitehawk Limited 0.16 -24 $ 34,061,181.30 AHI Adv Human Imag Ltd 1.4 -24 $ 205,225,619.69 RGL Riversgold 0.05 -24 $ 21,175,736.39 APX Appen Limited 12.31 -23 $ 1,431,279,467.66 IVZ Invictus Energy Ltd 0.135 -23 $ 81,409,565.89 A3D Aurora Labs Limited 0.085 -23 $ 12,996,199.95 NCL Netccentric Ltd 0.155 -23 $ 45,175,199.36 APT Afterpay Limited 93.44 -22 $ 28,797,217,862.50
Three weeks ago this textiler broke months of silence by announcing it had sold its facility in China for US$20 million and more than doubled in a day.
Shares were then suspended, as the ASX asked further questions about the sale. The stock was reinstated to trading this week and lost some of the gains it made, but is still ahead of where it was prior to the announcement.
Appen (ASX:APX) –23%
It was a tough week for tech stocks, but particularly for SaaS platform Appen, which listed in 2015 and has been a market-darling ever since.
The sharp fall occurred on Thursday morning, right on the same day APX was presenting at the Macquarie Bank investors’ conference.
Appen told the ASX it noted the messaging was consistent with what it had been telling the market — that there were several general factors including share price declines of tech companies generally and speculation about regulation.
The post Weekly ASX Small Cap Wrap: Resources shares rocket, tech gets slammed appeared first on Stockhead.
