Here are the key ASX small cap winners and losers at lunchtime Thursday July 26:

The ASX Small Ords was up 0.26 per cent or 7 points this morning to 2856 at 12.45pm AEST.

GOING UP

Former selfie drone seller IOT Group (ASX:IOT) has signed up its second Initial Coin Offering advisory client this week, bumping its shares up 50 per cent to 0.3c.

An Initial Coin Offering or ICO is like an initial public offering — but instead of offering shares, an issuer offers digital tokens that can be traded on cryptocurrency platforms or swapped for services.

IOT started hiring blockchain gurus in March and in April announced a coal-fired blockchain energy plant.

On Monday IOT announced it had signed up its first ICO advisory client — for which it would be paid $5 million in cryptocurrency.

Today IOT announced it was helping a second business, EML, launch an Initial Coin Offering. For the services, IOT will again be paid in crypto — this time with a “certificate” that entitles it to $US 1 million worth of EML tokens plus a monthly fee of 10 bitcoins.

Gold explorer Classic Minerals (ASX:CLZ) put on 20 per cent to 0.6c after detailing assays (or lab test) results from recent drilling program at its Forrestania project in Western Australia.

Classic drilled 22 holes for 1990m at two sites called Kat Gap and Lady Magdalene. The results showed “the discovery of a significant new zone of gold mineralisation” at Kat Gap.

“Drilling at Lady Magdalene yielded impressive results further confirming the existence of a number of high-grade, cross-cutting gold lodes previously missed due to the wide spaced drilling.”

Fellow microcap gold miner Austar Gold (ASX:AUL) lifted 40 per cent to an intraday high of 0.7c after reporting “visible gold” in its recent drill program. The results included short sections rated at 46 g/t, 34 g/t and 102g/t.

Anything above 5g/t is considered high-grade.

“Visible gold in the second drill hole continues the excellent progress made in this current drill program, provides further support for our revised geological model of this target zone and the potential to develop an economically viable structure amenable for mining and processing through our gravity gold plant,” said chief Tom de Vries.

Six Sigma (ASX:SI6) moved ahead 18 per cent to 1.3c today after yesterday’s announcement that its Zimbabwe project had delivered wide lithium pegmatite intersections in every hole of an initial five-hole program.

Six Sigma has been drilling a high priority prospect called Bonnyvale to test if lithium continued at depth as part its due diligence assessment.

Cobalt explorer Centaurus Metals (ASX:CTM) gained 14 per cent to 0.8c after yesterday’s drilling results in northern Brazil showing high‐grade mineralisation.

One target showed a band of minerals 30m thick extending for 3.5km with section widths of up to 650m. Nickel grade included intervals at 0.9 per cent and cobalt zones of 0.12 per cent.

Here are the best performing ASX small cap stocks at 12.45pm Thursday, July 26:

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ASX code Company Today's price change (12.30pm) Price (12.30pm) Volume Market Cap
JKA JACKA RESOURCES 1 0.004 14M 1.9M
TDO 3D OIL 0.578947368421 0.12 640k 18.1M
WCN WHITE CLIFF MINE 0.5 0.003 38M 9.6M
T3D 333D 0.5 0.003 170k 1.8M
NWE NORWEST ENERGY 0.5 0.003 2M 8.5M
IOT IOT GROUP 0.5 0.003 6M 2.6M
MHC MANHATTAN CORP 0.346153846154 0.035 156k 4.2M
OVL ORO VERDE 0.333333333333 0.004 373k 2.9M
NOR NORWOOD SYSTEMS 0.25 0.005 714k 6.0M
EPM ECLIPSE METALS 0.25 0.005 4M 4.6M
EER EAST ENERGY RES 0.25 0.005 200k 12.8M
MRP MACPHERSONS RES 0.205479452055 0.088 24k 25.6M
CLZ CLASSIC MINERALS 0.2 0.006 4M 10.0M
AUL AUSTAR GOLD 0.2 0.006 833k 10.5M
POH PHOSPHAGENICS 0.1875 0.019 2M 25.2M
SI6 SIX SIGMA METALS 0.181818181818 0.013 450k 5.0M
QFY QUANTIFY TECH 0.181818181818 0.026 105k 12.1M
SRO SHAREROOT 0.166666666667 0.007 140k 8.0M
SKF SKYFII 0.166666666667 0.175 11k 41.0M
HCO HYLEA METALS 0.166666666667 0.007 1M 16.8M
ERL EMPIRE RESOURCES 0.166666666667 0.014 289k 5.8M
GSW GETSWIFT 0.1625 0.465 157k 75.4M
LIN LINDIAN RESOURCE 0.153846153846 0.015 500k 3.5M
GUL GULLEWA 0.153846153846 0.03 533 3.9M
ITD ITL HEALTH GROUP 0.142857142857 0.2 4k 15.0M
NAE NEW AGE EXPL 0.142857142857 0.008 3M 3.9M
KLH KALIA 0.142857142857 0.008 283k 17.6M
DLC DELECTA 0.142857142857 0.008 436k 4.4M
CTM CENTAURUS METALS 0.142857142857 0.008 2M 16.1M

GOING DOWN

Blockchain investor Ookami (ASX:OOK) fell 15 per cent to 2.8c in early Thursday trade after issuing its quarterly cashflow statement.

Ookami banked no cash this quarter — for a total of $73,000 in customer receipts this year.

It’s burned through $800,000 in 12 months leaving $1 2, million in the bank and plans to spend $300,000 this quarter.

Here are the worst performing ASX small cap stocks at 12.45pm Thursday, July 26:

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ASX code Company Today's price change (12.30pm) Price (12.30pm) Volume Market Cap
PRL PETREL ENERGY -0.333333333333 0.002 30k 5.8M
THD THRED -0.25 0.003 2M 6.3M
SUD SUDA PHARMA -0.2 0.004 3M 7.3M
SDL SUNDANCE RES -0.2 0.004 5M 40.6M
IVO INVIGOR GROUP -0.2 0.004 115k 6.3M
GLA GLADIATOR RES -0.2 0.004 100k 4.3M
BKP BARAKA ENERGY -0.166666666667 0.005 931k 16.2M
AZI ALTA ZINC -0.166666666667 0.005 376k 8.2M
LVH LIVEHIRE -0.154639175258 0.41 72k 127.2M
OOK OOKAMI -0.151515151515 0.028 408k 10.3M
MCA MURRAY COD AUST -0.147826086957 0.098 128k 45.2M
PCL PANCONTINENTAL -0.142857142857 0.006 830k 36.8M
KGM KALNORTH GOLD -0.142857142857 0.006 7k 6.3M
KPO KALINA POWER -0.137931034483 0.025 2k 12.9M
CV1 CV CHECK -0.126582278481 0.069 256k 19.6M
AOA AUSMON RESOURCES -0.125 0.007 150k 4.1M
ANL AMANI GOLD -0.125 0.007 3M 12.5M
ZNO ZOONO GROUP -0.115384615385 0.115 8k 21.2M
PNX PNX METALS -0.111111111111 0.008 165k 9.8M
MED MERLIN DIAMONDS -0.111111111111 0.008 137k 28.9M
EM1 EMERGE GAMING -0.105263157895 0.017 9M 11.2M
WOF WOLF PETROLEUM -0.1 0.009 4M 7.1M
SBB SUNBRIDGE GROUP -0.1 0.009 2M 4.7M
INF INFINITY LITHIUM -0.1 0.081 283k 17.1M
IPB IPB PETROLEUM -0.0952380952381 0.038 285k 6.7M
WMC WONHE MULTIMEDIA -0.0909090909091 0.03 20k 5.0M
TEG TRIANGLE ENERGY -0.0909090909091 0.1 55k 24.0M
MAG MAGMATIC RES -0.0909090909091 0.05 101k 5.1M
CND CLARIUS GROUP -0.0909090909091 0.05 8k 4.9M