Here are the key ASX small cap winners and losers at lunchtime Tuesday Aug 7:

The ASX Small Ords was down 14 points or 0.5 per cent to 2,824.9 at 12.55pm AEST.


AuMake (ASX:AU8), the retailer targeting “daigou” and Chinese tourists, jumped 23 per cent to an intraday high of 32c this morning after joining the ASX infant formula crew.

That’s quadruple its listing price last year — but still a long way short of its 84c high in December.

AuMake signed up a Kiwi dairy producer to develop an in-house range of milk powder formula products.

Pure Nutrition — part-owned by New Zealand’s second biggest dairy co-operative Westland Milk Products — will develop milk powder targeted to the demands of Chinese customers.

Drug-maker IDT Australia (ASX:IDT) moved ahead 35 per cent to an intraday high of 10.5c after signing a deal to help pot stock Cann Group (ASX:CAN) beef up its manufacturing capability as it seeks to acquire a licence to make cannabis products.

IDT chief Dr David Sparling told Stockhead the terms of precisely what they will be doing for Cann were confidential, but he was working on a “range of projects” as a contract manufacturer.

“IDT’s manufacturing facilities are ideally suited to undertake this work and our track record in completing highly complex projects to global quality standards ensures we can add significant value to Cann’s development efforts,” he said.

Cann shares were mostly unchanged at $2.90.

Shareholders backed veteran accounting software maker Reckon (ASX:RKN) this morning, after it reported a 6 per cent drop in half-year profit to $5.2 million.

Revenue also fell 6 per cent to $40 million compared to the same period last year.

The group said profitability had increased in the half-year, however, based on higher “underlying” EBITDA earnings and profit.

Investors supported that notion, pushing the stock up 18 per cent to an intraday high of $1.02. It was trading at 99c just after midday.

Rare Earths wannabe Minbos Resources (ASX:MNB) gained 33 per cent to 0.4c early in the day after telling investors it had started drilling one of its seven targets at a project in Madagascar.

Minbos is hoping for a 3 per cent grading of total rare earth oxides (or “TREO”) “to set a viable target for follow-up drilling”.

Earlier surface samples returned grades of 0.14 per cent to 40.8 per cent.

Here are the best performing ASX small cap stocks at 12.30pm Tuesday, Aug 7:

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ASX code Company Today's price change (12.30pm) Price (12.30pm) Volume Market Cap
BPH BPH ENERGY 1 0.002 1M 966.2k
PRL PETREL ENERGY 0.5 0.003 403k 3.9M
LKO LAKES OIL 0.5 0.003 800k 57.6M
GGX GAS2GRID 0.5 0.003 500k 2.8M
AKN AUKING MINING 0.5 0.003 30k 2.3M
WGL WANGLE TECH 0.333333333333 0.004 842k 6.2M
ARO ASTRO RESOURCES 0.333333333333 0.004 2M 2.7M
AOA AUSMON RESOURCES 0.333333333333 0.008 10M 3.1M
OXX OCTANEX 0.307692307692 0.017 203k 3.5M
RMX RED MOUNTAIN 0.285714285714 0.009 423k 4.7M
EPM ECLIPSE METALS 0.25 0.005 2M 5.2M
CGM COUGAR METALS 0.25 0.005 265k 3.7M
NVO NVOI 0.222222222222 0.011 362k 3.7M
IDT IDT AUSTRALIA 0.217948717949 0.095 228k 19.1M
MRP MACPHERSONS 0.213333333333 0.091 16k 26.3M
SDL SUNDANCE 0.2 0.006 1M 41.6M
GPP GREENPOWER 0.2 0.006 69k 7.3M
AUL AUSTAR GOLD 0.2 0.006 2M 9.6M
CCA CHANGE FINANCIAL 0.186666666667 0.445 78k 32.1M
TDO 3D OIL 0.178571428571 0.165 364k 33.5M
BKP BARAKA ENERGY 0.166666666667 0.007 29M 16.2M
RKN RECKON 0.162790697674 1 75k 97.4M
TSC TWENTY SEVEN 0.142857142857 0.008 60k 4.1M
PMY PACIFICO MINERAL 0.142857142857 0.008 323k 6.3M
MED MERLIN DIAMONDS 0.142857142857 0.008 980k 22.6M
ENB ENEABBA GAS 0.142857142857 0.008 267k 3.7M
RMP RED EMPEROR 0.138888888889 0.041 866k 15.3M
AU8 AUMAKE 0.134615384615 0.295 3M 70.3M
AME ALTO METALS 0.12 0.056 85k 9.3M
AVZ AVZ MINERALS 0.118181818182 0.123 9M 207.7M
GMN GOLD MOUNTAIN 0.103448275862 0.096 365k 44.8M
MZZ MATADOR MINING 0.0967741935484 0.34 25k 16.7M
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Investors decimated Neuren Pharma (ASX:NEU) today after the company signed a licensing deal that did not live up to expectations.

Neuren  — which develops therapies for brain injuries — signed a deal with NASDAQ-listed ACADIA Pharma to develop and commercialise its Rett syndrome treatment, a debilitating neurological disorder that occurs primarily in baby girls.

Investors had been hoping for a blockbuster deal. But the $US10 million ($13.5 million) up-front payment did not live up to expectations — and sent shareholders off the deep end.

The stock plummeted 45 per cent to an intraday low of $1.47, it’s lowest point since October last year. It recovered slightly to $1.54 by 11.20am AEST, valuing the company at about $265 million.

Here are the worst performing ASX small cap stocks at 12.30pm Tuesday, Aug 7:

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ASX code Company Today's price change (12.30pm) Price (12.30pm) Volume Market Cap
CHP CHAPMANS -0.5 0.001 2M 4.6M
APG AUSTPAC RES -0.5 0.001 500k 4.0M
NEU NEUREN PHARMA -0.421348314607 1.545 627k 275.5M
ABV ADVANCED BRAKING -0.333333333333 0.002 545k 8.2M
WEL WINCHESTER ENERGY -0.285714285714 0.025 207k 10.0M
OPG OPUS GROUP -0.274074074074 0.49 39k 71.1M
SMA SMARTTRANS -0.25 0.003 5M 26.3M
MNB MINBOS RESOURCES -0.25 0.003 300k 19.8M
MAR MALACHITE RES -0.25 0.003 200k 5.4M
CLY CLANCY EXPLOR -0.25 0.003 5M 10.9M
BUY BOUNTY OIL & GAS -0.2 0.004 526k 4.8M
IQ3 IQ3CORP -0.2 0.2 40k 26.0M
RNY RNY PROPERTY -0.166666666667 0.005 40k 1.6M
DIG ASIA PACIFIC DIG -0.152380952381 0.089 1 15.0M
TSN TRANSACTION SOL -0.142857142857 0.006 50k 15.2M
MNC METMINCO -0.142857142857 0.006 3M 6.4M
IS3 I SYNERGY GROUP -0.133333333333 0.13 79k 27.8M
HOT HOTCOPPER -0.130434782609 0.2 8k 25.3M
TMP TECH MPIRE -0.126582278481 0.069 491k 7.0M
GEV GLOBAL ENERGY -0.121212121212 0.145 480k 53.9M
TRT TODD RIVER RES -0.12 0.11 243k 9.6M
AFA ASF GROUP -0.117647058824 0.15 283 115.2M
GMR GOLDEN RIM -0.111111111111 0.024 3M 10.7M
NAE NEW AGE EXPLOR -0.111111111111 0.008 165k 6.4M
MRQ MRG METALS -0.111111111111 0.008 530k 6.0M
MRR MINREX RESOURCES -0.105263157895 0.034 17k 3.5M
HGM HIGH GRADE METAL -0.102564102564 0.035 10k 17.7M
CAV CARNAVALE RES -0.1 0.009 4M 6.4M
BLA BLUE SKY -0.0992647058824 2.45 46k 210.9M
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