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Here are the key ASX small cap winners and losers at lunch Wednesday Aug 8:

The ASX Small Ords was down 4 points or 0.1 per cent to 2819.2 at 12.45pm AEST.

GOING UP

Oil explorer Carnarvon Petroleum (ASX:CVN) rocketed 43 per cent today to trade as high as 69.5c — quadrupling its value since July.

Carnarvon has its foot on what looks to be a commercially viable discovery in its part-owned Dorado well off the north-west coast of WA.

Today Carnarvon confirmed it had made new oil discoveries at the “Crespin” and “Milne” sites of the Dorado-1 well.

More than $30 million worth of shares changed hands by midday.

“Discovering more oil in the Crespin and Milne Members makes this a truly incredible find, for Dorado and for similar structures nearby that have been identified in Carnarvon and [joint venture partner] Quadrant’s prospect list,” said Carnarvon boss Adrian Cook.

Medtech play G Medical (ASX:GMV) took off after announcing plans to list its Chinese business in Hong Kong.

The shares price rose 48 per cent to an intraday high of 27.5c today before cooling to 25c just after midday. About $760,000 worth of stock was traded.

G Medical makes a medical phone case called Prizma that turns a smartphone into a clinical-grade mobile medical monitor to measure vital signs such as ECG, respiration, oxygen saturation, heart rate, temperature and stress analysis.

The company is proposing to list its Guangzhou Yimei Innovative Medical Science and Technology Co at a valuation of $260 million, within nine months.

It will retain 50 per cent of the company’s stock.

West Australian battery metal explorer Venture Minerals (ASX:VMS) moved ahead 30 per cent this morning after finding finding a 17m zone of massive sulfides in maiden drilling at its base metals Thor project in Western Australia.

It’s verified copper and zinc in the sulfides as well as lead, bismuth, tin, tungsten and arsenic.

Lab tests of samples are underway along with planning for an airborne electromagnetic survey.

The stock hit an intraday high of 3c before cooling to 2.8c at 12.20pm AEST.

Here are the best performing ASX small cap stocks at 12.30pm Wednesday, Aug 8:

Swipe or scroll to reveal the full table. Click headings to sort

ASX codeCompanyToday's price change (12.30pm)Price (12.30pm)VolumeMarket Cap
BDIBLINA MINERALS10.00217M4.3M
PCHPROPERTY CONNECT0.50.0033M2.4M
LKOLAKES OIL0.50.003323k71.9M
AHNATHENA RESOURCES0.4090909090910.031161k4.8M
GMVG MEDICAL0.3783783783780.2552M62.9M
WGLWANGLE TECH0.3333333333330.004550k6.2M
HDYHARDEY RESOURCES0.250.0052M5.4M
VMSVENTURE MINERALS0.2173913043480.0281M11.9M
LI3LITHIUM CONSOLID0.2173913043480.1456k10.4M
NORNORWOOD SYSTEMS0.20.00680k6.6M
HCOHYLEA METALS0.20.006500k14.0M
ADOANTEO DIAGNOSTIC0.18750.0192M18.4M
FRXFLEXIROAM0.1707317073170.04870k7.9M
TSNTRANSACTION SOLU0.1666666666670.00750k13.0M
CHKCOHIBA MINERALS0.1666666666670.0072M3.9M
ECTENVIRONMENTAL0.1538461538460.0151M62.4M
KLHKALIA0.1428571428570.008198k17.6M
TTWTOPTUNG0.1428571428570.048190k6.4M
KSNKINGSTON0.1304347826090.026238k28.1M
VMLVITAL METALS0.1250.009572k13.9M
RMXRED MOUNTAIN0.1250.009300k5.4M
EXOENNOX GROUP0.1250.00960k10.2M
EVEEVE INVESTMENTS0.1250.0095M17.9M
CTMCENTAURUS METALS0.1250.0094M18.4M
CLICROPLOGIC0.1250.03650k3.9M
SFGSEAFARMS GROUP0.1195652173910.103186k153.4M
MAYMELBANA ENERGY0.1176470588240.01911M28.4M
VALVALOR RESOURCES0.1111111111110.012M13.3M
LMGLATROBE MAGNESIU0.1111111111110.0154k11.3M

GOING DOWN

Biological separator Memphasys (ASX:MEM) was down 93 per cent today after shareholders approved a 15-for-1 stock consolidation.

Here are the worst performing ASX small cap stocks at 12.30pm Wednesday, Aug 8:

Swipe or scroll to reveal the full table. Click headings to sort

ASX codeCompanyToday's price change (12.30pm)Price (12.30pm)VolumeMarket Cap
MEMMEMPHASYS-0.9333333333330.001397k5.1M
WCNWHITE CLIFF MINE-0.50.001270k7.7M
XPEXPED-0.250.0034M5.3M
SPXSPECTRUM RARE EARTHS-0.250.006100k5.7M
TPDTALON PETROLEUM-0.20.0043M5.1M
SYSSYNGAS-0.20.004100k3.1M
SURSUN RESOURCES-0.20.004126k3.8M
BYHBRYAH RESOURCES-0.20.132k7.0M
RGIROTO-GRO-0.1714285714290.2934k33.4M
XSTXSTATE RESOURCES-0.1666666666670.0054M4.7M
SDLSUNDANCE RESOURC-0.1666666666670.0059M49.9M
PKOPEAKO-0.1666666666670.0187k864.2k
GSNGREAT SOUTHERN-0.1666666666670.0531k16.7M
OVLORO VERDE-0.1428571428570.0062M10.9M
MNCMETMINCO-0.1428571428570.0061M6.4M
DEVDEVEX RESOURCES-0.1428571428570.00669k7.7M
BKPBARAKA ENERGY-0.1428571428570.006156k18.9M
GO2GO2 PEOPLE-0.1363636363640.09510k13.0M
BEEBROO-0.1333333333330.1310k91.2M
TSCTWENTY SEVEN-0.1250.00760k4.7M
PMYPACIFICO MINERAL-0.1250.007100k7.1M
E2EEON NRG-0.1250.007800k3.3M
HORHORSESHOES METAL-0.1176470588240.015387k3.3M
MAGMAGMATIC RESOURC-0.1111111111110.04822k6.7M
THXTHUNDELARRA-0.1111111111110.016500k11.4M
CZNCORAZON MINING-0.1111111111110.008277k11.4M
AU1AGENCY GROUP-0.1111111111110.008100k6.2M
FEIFE INVESTMENTS-0.1052631578950.08510k14.2M
MSEMETALSEARCH-0.1052631578950.017140k9.1M