Update on 4 small cap stocks: CVN, AKM, AB1 and AGY

Carnarvon Petroleum Limited (ASX:CVN), has come under spotlight lately, with the completion of the Phoenix South-3 well’s wireline evaluation program as slated to be on schedule by the group sometime ago. The observation was of hydrocarbons from about 5,173 meters measured depth within the Caley interval down to the lowest closing contour at around 5,304 meters. The market capitalization of the company is $737.73 million and the number of shares outstanding are at 1.19 billion. The stock was trading at a market price of $0.405 with daily price change of -$0.215 or a percentage change of -34.677% as at August 13, 2018 as the investors were not contented with the latest update on Phoenix South-3. The stock has seen a performance change of staggering 705.19% over the past 12 months.

Aspire Mining Limited (ASX:AKM) is under metals and mining sector and is into coking coal development and exploration in Mongolia. The company has increased the time to Complete Rail Concession Conditions from 18 months to February 2020. With capability to move up to 30 Mtpa of freight to take account of expected transit freight demand, rail design was upgraded to Mongolian Class II. The company has an 8% after tax IRR and a 13.6% after tax return on equity based on assumed rail tariff. The stock was trading at a market price of $0.019 and with daily price change of -$0.008 or a percentage change of -29.63% as at August 13, 2018. The stock has seen a performance change of 69.25% over the past 12 months.

Animoca Brands Corporation Limited (ASX:AB1) is an information technology stock which is an app maker for smartphones and tablets. It took a voluntary suspension on the Australian Securities Exchange and was granted an immediate halt to the trading of the company’s ordinary shares, pending an announcement regarding a proposed investment in the Company by a strategic partner. The stock last traded at a market price of $0.079. The stock has seen a performance change of a staggering 777.78% over the past 12 months.

Argosy Minerals Limited’s (ASX:AGY) fast track development strategy is continued at the Rincon Lithium Project in Argentina, achieving significant milestones during the quarter, a significant and formative milestone for Argosy, when you consider the industrial scale nature of the plant and that Rincon Lithium Project development works commenced in February 2017. The latest update included a major Stage 1 target of completing construction of the industrial scale pilot plant and producing the first batch of lithium carbonate (“LCE”) product. The stock was trading at a market price of $0.270 and with daily price change of $0.015 or a percentage change of 5.882% as at

August 13, 2018. The stock has seen a performance change of a staggering 226.92% over the past 12 months.

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