Here are the key ASX small cap winners at lunch Wednesday January 23:

The ASX Small Ords was down 9.1 points or 0.4 per cent to 2,556.7 at 12.05pm AEST.

GOING UP

Fenix Resources (ASX:FEX) was the morning’s biggest winner, up an astronomical 164 per cent before lunch as it came out of a trading halt to spruik “significant high-grade iron ore” at its Iron Ridge project in Western Australia.

Shares hit 5.8c, a record high for the company since it changed names from Emergent Resources last year.

Elixinol (ASX:EXL) has told Aussie investors its products are now available for import in New Zealand, following that country’s decision to allow medicinal cannabis.

Shares rose as high as $3.03, a 10 per cent rise, just short of its all time high of $3.12. Elixinol’s range of capsules, creams and tinctures can now be imported into New Zealand by individual patients if they meet prescription guidelines.

In Idaho, First Cobalt (ASX:FCC) drilling has deepened the cobalt-copper mineralisation by about 100m in the central area of its Iron Creek project resource.

Read the Stockhead cobalt news wrap for further info on why that’s important — in the meantime, the company’s shares jumped by about 6 per cent to 17.5c on the news.

Telco 5G Networks (ASX:5GN) was up 14 per cent to an intraday high of 65c before lunch following the release of its quarterly report.

That was thank to some impressive financial figures, including a 1,654 per cent rise in cash receipts compared with the half-year report of 2018.

Here are the best performing ASX small cap stocks at 12pm Wednesday January 23: 

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ASX code Company % change Last price Volume Market cap
FEX Fenix Resources 123% 4.9c 76,806,792 $3.8m
ROG Red Sky Energy 100% 0.2c 1,217,500 $820k
AYR Alloy Resources 50% 0.3c 3,200,000 $3.2m
XST Xstate Resources 50% 0.3c 2,000,000 $2.9m
AGE Alligator Energy 33% 0.4c 1,599,884 $3m
MRV Moreton Resources 33% 0.8c 1,408,729 $18.6m
MLS Metals Australia 33% 0.4c 120,000 $7m
RFN Reffind 29% 0.9c 8,064,456 $3.6m
MHC Manhattan Corp 25% 0.5c 80,000 $3m
EGY Energy Technologies 25% 0.5c 1,775,000 $1.4m

 

GOING DOWN

engage:BDR (ASX:EN1) lost nearly all of the gains it made yesterday, dropping 24 per cent to an intraday low of 3.9c after it closed at 5.1c on Tuesday.

The company popped out an announcement bang on midnight Tuesday, saying two integrations it announced in September and October, connected TV company Third Presence and Canadian programmatic platform AcuityAds, have gone live.

Here are the worst performing ASX small cap stocks at 12pm Wednesday January 23: 

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ASX code Company % change Last price Volume Market cap
MRD Mount Ridley Mines -33% 0.2c 930,000 $6.1m
EN1 engage:BDR -22% 4c 22,198,492 $14.7m
AL8 Alderan Resources -21% 11c 4,500 $12.2m
SPX Spectrum Metals -20% 0.4c 1,821,413 $5.3m
TMX Terrain Minerals -20% 0.4c 435,000 $3.2m
CYQ Cylciq -20% 0.4c 916,903 $4.7m
WBE Whitebark Energy -20% 0.4c 200,333 $7.9m
VBS Vectus Biosystems -18% 38.5c 30,412 $11m
ATU Atrum Coal -18% 9.9c 415,419 $43.4m
ARS Alt Resources -17% 2.4c 748,232 $7.4m