Here are the key ASX small cap winners and losers at lunch Friday Aug 10:

The ASX Small Ords was down 2.4 points or 0.08 per cent to 2825.4 at 1pm AEST.

GOING UP

Investors in baby goods retailer Baby Bunting (ASX:BBN) have sent the stock to its highest point in 18 months after the release of full-year results this morning.

The stock — which had been trading between $1.40 and $1.80 over the past few months — rocketed to $2.19, up 26 per cent.

This was off the back of a 9 per cent increase in revenue to $303 million — though profit dropped considerably, down 29 per cent to $8.6 million.

It’s the highest the stock has traded since the first day of 2017, when shares sat at $2.41 — and short of its all-time high of $3.05 in September 2016.

US-focused oil and gas explorer Fremont Petroleum (ASX:FPL) jumped 12.5 per cent to 0.9c today after reporting a significant increase in the oil resource (rated at 90% probability) at its Pathfinder field in Colorado.

Oil and gas resources “have increased very materially”, the business told investors. Gas was up 145 per cent to 540 billion cubic feet and the oil resource was up 55 per cent to 55 million barrels.

Research found Pathfinder’s geology was “comparable to Colorado’s prolific Wattenberg Field, a field that has produced 2.8 trillion cubic feet of gas and could yield a further 5.2 trillion”.

Gold miner Cervantes Corp (ASX:CVS) is up 18 per cent today after resolving a contract issue with Baraka Energy & Resources (ASX:BKP).

Cervantes agreed to give up fees and rights it had over one of Baraka’s two projects — an iron sands venture in the Philippines. In exchange, Cervantes gets a $900,000 loan which is interest-free for two years.

Cervantes said it expects to repay the loan earlier on the back of strong results at gold projects in Western Australia.

Cervantes last month reported results ranging from 67 grams of gold per tonne to 202.8 g/t. Anything above 5g/t is considered high-grade.

Yesterday the miner told investors that gold mineralisation at its WA Primrose project was “much more pervasive than indicated in historic drilling”.

Centaurus Metals (ASX:CTM) moved ahead 11 per cent to 1c after finding broad zones of scandium at its Itapitanga nickel and cobalt project in northern Brazil.

“The discovery adds a potentially valuable by‐product which further enhances the quality of the emerging high‐grade nickel and cobalt discovery,” the explorer told investors.

Centaurus boss Darren Gordon said the scandium would be mined and processed together with the nickel and cobalt.

It had “the potential to be a material by‐product credit given the strong recoveries seen in the initial metallurgical testwork program and the price currently being reported in the market,” he said.

Here are the best performing ASX small cap stocks at 12.45pm Friday, Aug 10:

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ASX code Company Today's price change (12.45pm) Price (12.45pm) Volume Market Cap
LBL LASERBOND 0.37037037037 0.185 110k 12.6M
S3R SERPENTINE TECHN 0.333333333333 0.004 446k 2.2M
PGS PLANET GAS 0.333333333333 0.004 32k 1.6M
MAR MALACHITE RES 0.333333333333 0.004 52k 4.1M
JKA JACKA RESOURCES 0.333333333333 0.004 560k 2.3M
BAS BASS OIL 0.333333333333 0.004 11M 7.8M
BBN BABY BUNTING GRO 0.310344827586 2.28 2M 219.2M
WBE WHITEBARK ENERGY 0.25 0.005 70k 4.0M
SUD SUDA PHARMACEUTI 0.25 0.005 102k 11.6M
MLS METALS AUSTRALIA 0.25 0.005 100k 10.5M
SDL SUNDANCE RESOURC 0.2 0.006 5M 41.6M
MWR MGM WIRELESS 0.1926910299 1.795 36k 17.8M
S2R S2 RESOURCES 0.190476190476 0.125 83k 26.0M
CVS CERVANTES CORP 0.181818181818 0.013 81k 5.4M
VIC VICTORY MINES 0.166666666667 0.007 99k 7.4M
CHK COHIBA MINERALS 0.166666666667 0.007 200k 3.3M
ADX ADX ENERGY 0.166666666667 0.014 500k 13.5M
NOX NOXOPHARM 0.144 0.715 80k 76.2M
SXX SOUTHERN CROSS 0.142857142857 0.008 2k 7.5M
CLL COLLERINA COBALT 0.141304347826 0.105 120k 51.4M
ARX ARC EXPLORATION 0.137254901961 0.29 6k 6.4M
NTI NEUROTECH INT 0.133333333333 0.17 66k 16.4M
DRA DRAGON MINING 0.125 0.18 499 14.2M
FPL FREMONT PETROLEU 0.125 0.009 38M 5.5M
ANL AMANI GOLD 0.125 0.009 5M 12.5M
TTW TOPTUNG 0.122448979592 0.055 92k 7.5M
OBJ OBJ 0.12 0.028 1M 45.2M
NZC NZURI COPPER 0.119047619048 0.235 160k 62.1M
CZR COZIRON RESOURCE 0.117647058824 0.019 616k 30.4M
VAL VALOR RESOURCES 0.111111111111 0.01 959k 14.0M
TV2 TV2U INTERNATION 0.111111111111 0.01 700k 19.0M
RGS REGENEUS 0.111111111111 0.2 22k 37.6M
CTM CENTAURUS METALS 0.111111111111 0.01 4M 20.7M

GOING DOWN

Tanzania-focused coal miner Intra Energy (ASX:IEC) reported record monthly coal sales for its 70-30 joint venture with the local government in July.

Sales were up 62,297 tonnes compared to 48,857 tonnes in July 2017.

But it wasn’t enough to please investors.

The stock fell 23 per cent to 1c after a run-up from 0.7c to 1.3c last month.

Here are the worst performing ASX small cap stocks at 12.45pm Friday, Aug 10:

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ASX code Company Today's price change (12.45pm) Price (12.45pm) Volume Market Cap
GBZ GBM RESOURCES -0.333333333333 0.004 1M 5.5M
AKN AUKING MINING -0.333333333333 0.002 620k 2.8M
MNB MINBOS RESOURCES -0.25 0.003 3M 22.6M
GLA GLADIATOR RESOUR -0.25 0.003 400k 3.0M
IEC INTRA ENERGY COR -0.230769230769 0.01 236k 5.0M
AUH AUSTCHINA HOLDIN -0.2 0.004 200k 5.6M
SRO SHAREROOT -0.166666666667 0.005 2M 8.0M
SER STRATEGIC ENERGY -0.166666666667 0.005 3M 5.0M
RNY RNY PROPERTY TRU -0.166666666667 0.005 40k 1.6M
AZI ALTA ZINC -0.166666666667 0.005 1M 8.2M
AJQ ARMOUR ENERGY -0.140625 0.11 121k 51.9M
EEG EMPIRE ENERGY GR -0.136363636364 0.019 709k 27.8M
RHI RED HILL IRON -0.130434782609 0.4 10k 25.1M
TDO 3D OIL -0.129032258065 0.135 46k 37.1M
BUX BUXTON RESOURCES -0.125 0.175 290k 22.9M
TSN TRANSACTION SOLU -0.125 0.007 90k 17.4M
RMX RED MOUNTAIN MIN -0.125 0.007 722k 5.4M
MRQ MRG METALS -0.125 0.007 63k 5.3M
EVE EVE INVESTMENTS -0.125 0.007 511k 17.9M
DTM DART MINING NL -0.125 0.007 1M 6.9M
CTO CITIGOLD CORP -0.125 0.007 1M 15.3M
BYH BRYAH RESOURCES -0.115384615385 0.115 48k 7.3M
FND FINDERS RESOURCE -0.111111111111 0.2 26k 177.5M
WRM WHITE ROCK MINER -0.111111111111 0.008 5M 14.7M
AGE ALLIGATOR ENERGY -0.111111111111 0.008 1M 6.6M
AAJ ARUMA RESOURCES -0.111111111111 0.008 455k 4.6M
AXP AIRXPANDERS-CDI -0.103092783505 0.087 458k 32.6M
RIM RIMFIRE PAC MNG -0.1 0.009 1M 9.4M
NWC NEW WORLD COBALT -0.1 0.045 473k 23.8M
LIN LINDIAN RESOURCE -0.1 0.018 957k 5.4M