Here are the key ASX small cap winners at lunch Thursday January 24:
The ASX Small Ords was down 1.2 points or 0.1 per cent to 2,561.7 at 11.37am AEST.
GOING UP
Mining services provider Mitchell Services (ASX:MSV) rose as much as 45 per cent this morning to 5.8c, with more than $1.3 million worth of shares trading hands.
The company released its quarterly report, which showed $37 million in customer receipts and $63.8 million for the half-year.
The fluctuation continues at engage:BDR (ASX:EN1), with the company again in the biggest movers before lunch.
Today its shares jumped 30 per cent to 4.8c; they’ve traded between 1.9c and 5.4c over the past three days alone.
COO and director Kurtis Rintala today increased his shareholding.
Environmental Clean Technologies (ASX:ECT) rose 30 per cent to an intraday high of 1.3c after releasing an update on its India project.
They were pleased because their Indian partner, the one trialing their coal pellet and iron-making tech, had scheduled a board meeting to consider approving a research agreement, which will allow them to proceed to financial close.
They’d been disappointed earlier this month when the Aussie tech program was kicked off the agenda by talks about a share buy-back program.
Fenix Resources (ASX:FEX) remains on the rise, its shares up as much as 23 per cent today to highs of 4.5c, following on from yesterday’s big run.
Shares hit as high as 5.8c yesterday, before closing at 3.6c.
It was all due to high-grade results from its flagship Iron Ridge project in Western Australia as iron ore prices continue to surge.
Here are the best performing ASX small cap stocks at 11.45am Thursday January 24:
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| ASX code | Company | % change | Last price | Volume | Market cap |
|---|
| AKN | Auking Mining | 0.001 (100.00%) | 0.2c | 500,000 | $930k |
| LRS | Latin Resources | 0.001 (50.00%) | 0.3c | 1,305,295 | $5.7m |
| MRD | Mount Ridley Mines | 0.001 (50.00%) | 0.3c | 515,000 | $4.1m |
| AL8 | Alderan Resources | 0.055 (50.00%) | 16.5c | 20,000 | $9.6m |
| ICG | Inca Minerals | 0.001 (33.33%) | 0.4c | 500,000 | $8.9m |
| UTR | Ultracharge | 0.002 (33.33%) | 0.8c | 7,647,857 | $5.6m |
| AUL | Austar Gold | 0.001 (33.33%) | 0.4c | 1,100,000 | $10.2m |
| EN1 | engage:BDR | 0.010 (27.03%) | 4.7c | 11,960,509 | $10.7m |
| TMX | Terrain Minerals | 0.001 (25.00%) | 0.5c | 2,000,000 | $2.6m |
| CYQ | Cycliq | 0.001 (25.00%) | 0.5c | 237,210 | $3.8m |
GOING DOWN
AVZ Minerals (ASX:AVZ) shares tumbled 18 per cent this morning to an intraday low of 5.5c as it announced a share purchase plan.
“The board acknowledges shareholders’ desire to support the company’s progress and this capital raising has been conceived to reward existing shareholders by providing a cheaper method to support the company as well as certainty with regards to company progression,” chief Nigel Ferguson said.
Here are the worst performing ASX small cap stocks at 11.45am Thursday January 24:
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| ASX code | Company | % change | Last price | Volume | Market cap |
|---|
| MDI | Middle Island Resources | -25% | 0.6c | 733,438 | $8.4m |
| AGE | Alligator Energy | -25% | 0.3c | 500,000 | $4m |
| NOR | Norwood Systems | -25% | 0.3c | 100,021 | $5.8m |
| CVV | Caravel Minerals | -21% | 5.5c | 28,078 | $10.8m |
| LSH | Lifespot Health | -21% | 7.2c | 242,685 | $7.1m |
| MHC | Manhattan Corp | -20% | 0.4c | 795,000 | $3.7m |
| AVZ | AVZ Minerals | -18% | 5.5c | 29,109,804 | $126.5m |
| RIM | Rimfire Pacific Mining | -17% | 0.5c | 2,602,749 | $6.4m |
| ATP | Atlas Pearls | -17% | 1.5c | 31,580 | $7.7m |
| CT1 | CCP Technologies | -14% | 1.2c | 201,687 | $6m |
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