Small-cap players - KZR, IGE, FNT, QFY

  • Jan 17, 2020 AEDT
  • Team Kalkine
Small-cap players - KZR, IGE, FNT, QFY

Small-cap companies are those that have low market capitalisation as well as price as compared to large-cap and mid-cap companies. Investing in these companies is riskier than the mid-cap and large-cap companies. In this article, we will be looking at some of the small-cap players listed on the ASX.

Kalamazoo Resources Limited (ASX:KZR)

ASX-listed Kalamazoo Resources Limited is an exploration and development company focusing on gold and base metals.

The company recently announced that solid commitments had been received for raising $8.0 million through a placement of 20 million ordinary fully paid shares as well as 20 million attaching unlisted options to Novo Resources Corp and Eric Sprott.

There will be an attaching option with the issue of every new share that can be used at $0.80 within 1.5 years. The funds would be utilized for the development of the company’s exploration as well as drilling programs across multiple projects in Victoria. Post the Placement, the cash balance will be ~$9 million with an additional $4 million of receivables over the span of 12 months post the sale of its Snake Well Gold Project.

In another update, the company announced the wrapping up four diamond drill holes at the Mustang Prospect located at Castlemaine Gold Project. It added that the selected assay results from MU19DD04 – the fourth hole, had been returned to visible gold intersection from 100.32m depth, as reported earlier by the company.

At the close of trading on 16 January 2020, the stock of KZR traded at A$0.530 per share with a decline of 4.505%. The stock delivered returns of 122.00% and 236.36% in the last months and last six months, respectively.

Integrated Green Energy Solutions Ltd (ASX:IGE)

Integrated Green Energy Solutions Ltd focuses on the production of an array of fuels and products such as marine fuel, EN590, Naphtha and marine diesel oil, among others. The company is also engaged in the continuing launch of WPTF technology, in line with the global strategy of IGE.

The jointly owned US entity, Integrated Green Partners LLC (IGE and GEP Fuel and Energy Indiana, LLC with a 50% stake each), has finalised its funding of US$300 million for the construction of the IGP Camden project, that would be capable of processing 1,200 tonne per day of auto shredder residual into several fuels and products, including EN590, EN228, Naphtha, Marine fuel and Marine Diesel Oil. The company would be generating a negotiated profit margin on the construction as well as the supply of the modules to the IGP partnership.

At the close of trading on 16 January 2020, the stock of IGE traded at A$0.160 per share with a fall of 3.03%. The stock delivered returns of 50.00% and -10.81% in the last three months and last six months, respectively.

Frontier Resources Limited (ASX:FNT)

Headquartered in Perth, Australia, Frontier Resources Limited, is engaged in the exploration and evaluation of gold as well as base metal projects in Papua New Guinea. The company recently announced that a planned field crew mobilisation to the Tolukuma tenement would begin a mapping as well as sampling program.

It added that Fieldwork preparation is underway in order to mobilise a geological team to the Tolukuma tenement in January 2020 for beginning a follow?up sampling at the Kunda North gold vein, after previous trench results including 1.2m @ 1,041.2 g/t Au.

In another update, the company announced that Alec Pismiris had made a change to his holdings in the company by acquiring 1,000,000 ordinary shares at the consideration of $10,500.

At the close of trading on 16 January 2020, the stock of FNT traded at A$0.010 per share with no change compared to previous day’s close. The stock delivered returns of -16.67% and -23.08% in the last three months and last six months, respectively.

Quantify Technology Holdings Limited (ASX:QFY)

Australia-based company Quantify Technology Holdings Limited is mainly focused on making lives better in homes, workplaces, as well as communities with their Internet of Things (IoT) smart home technology.

Compliance Passed by Blind Controller Hardware Device

  • The company recently announced that its intelligent blind controller hardware device was found to be compliant with the safety certification testing. A certificate has been issued for meeting global safety standards.
  • As a result, the product is currently available for sale as an additional smart home product in the range of the company, alongside the qDimmer and qPower.

The company, through a release dated 13 January 2020, announced that it is planning to raise an amount of $1.5 million with the help of fully underwritten entitlement issue based on one new share for every four held at an issue price of $0.004 per share.

The company will be utilising the proceeds from the capital raising towards advancing the revenue-generating contracts as well as product licensing opportunities. It would also use the money to fund research and development, marketing, working capital as well as general corporate expenditure.

On the outlook front, with respect to the residential market, the company will continue brand-building via TV appearance, celebrity homes & industry presentations. The company is planning to expand as well as deepen the distribution networks throughout Australia. For the commercial market, the company would be increasing market penetration of aged care/ NDIS/ hospitality. When it comes to the global market, the company will enter the US market in FY20.

At the close of trading on 16 January 2020, the stock of QFY last traded at A$0.004 per share with no change compared to the previous day’s close. The stock delivered returns of -20.00% and -11.11% in the last months and last six months, respectively.

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