How could anyone possibly think labradoodles are anything but cute? Well, the very person who bred the first labradoodle thinks they’re actually more like a monster.

Wally Conron wanted to combine the suitability of labradors as a guide dog with the non-shedding nature of poodles for someone who was blind and allergic to dogs. So cross-breeding the two was what he did.

But thirty years on from his experiment Conron has said,”I opened a Pandora’s box and released a Frankenstein’s monster.”

Our markets are flat today. The ASX Small Ords is up 0.15 per cent to 2,917 points while the ASX 200 is down 0.04 per cent to 6,747 points.

After a sharp drop last week, ANZ-Roy Morgan consumer confidence was more steady, gaining 0.7 per cent. ANZ senior economist Felicity Emmett noted this was still below the long run average and it would encourage another rate cut next week.

“Consumers seem impervious to both fiscal and monetary stimulus and the combination of weak wage growth and high levels of debt may prove to be the more dominant driver of confidence and spending,” she said.

Going up

Genetic Technologies (ASX:GTG) gained 20 per cent after announcing a possible life line through a capital raising. The rise came despite the departure of its executive chairman.

Scandium miner Platina Resources (ASX:PGM) jumped 14 per cent. It signed an MoU with metals supply chain management firm Traxys to advance its NSW project

Here are the best performing ASX small cap stocks at lunchtime, Tuesday September 24:

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Code Name Price % Chg Market Cap Volume
VIC Victory Mines Ltd 0.0015 +50.00% $2.2M 2.8M
CLZ Classic Minerals Ltd 0.004 +33.33% $19.6M 55.2M
ELT Elementos Ltd 0.004 +33.33% $6.2M 275.4k
THD Thred Ltd 0.002 +33.33% $3.6M 242.5k
LLO Lion One Metals Ltd 1.1 +31.74% $113.4M 42.9k
MNC Metminco Ltd 0.0025 +25.00% $16.6M 4.7M
EFE Eastern Iron Ltd 0.005 +25.00% $2.1M 69.4k
AVE Avecho Biotechnology Ltd 0.005 +25.00% $7.9M 1.4M
TYX Tyranna Resources Ltd 0.005 +25.00% $4.7M 1.4M
ADY Admiralty Resources NL 0.012 +20.00% $13.9M 50.0k
GTG Genetic Technologies Ltd 0.006 +20.00% $17.6M 1.1M
VAL Valor Resources Ltd 0.006 +20.00% $11.4M 2.0M
ADV Ardiden Ltd 0.0035 +16.67% $5.9M 5.3M
FTT Factor Therapeutics Ltd 0.0035 +16.67% $3.6M 401.5k
RIM Rimfire Pacific Mining NL 0.0035 +16.67% $4.7M 506.0k
CHK Cohiba Minerals Ltd 0.02 +15.38% $10.0M 1.3M
KAI Kairos Minerals Ltd 0.02 +15.38% $12.8M 1.2M
AWV Anova Metals Ltd 0.015 +15.38% $9.6M 20.0k
ANW Aus Tin Mining Ltd 0.004 +14.29% $9.0M 4.8M
AQD AusQuest Ltd 0.02 +14.29% $8.8M 160.0k
CZN Corazon Mining Ltd 0.004 +14.29% $6.5M 5.0M
PGM Platina Resources Ltd 0.03 +14.29% $8.2M 1.3M

Going down

A hefty earnings downgrade and CEO exit sent tech play ARQ (ASX:ARQ) cashing 35 per cent.

Here are the worst performing ASX small cap stocks at lunchtime, Tuesday September 24:

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Code Name Price % Chg Market Cap Volume
AYM Australia United Mining Ltd 0.001 -50.00% $1.8M 10.0k
ARQ ARQ Group Ltd 0.35 -35.19% $42.7M 2.6M
IVO Invigor Group Ltd 0.002 -33.33% $5.7M 100.6k
AVW Avira Resources Ltd 0.002 -33.33% $2.0M 33.4k
XST XState Resources Ltd 0.003 -25.00% $1.7M 700.0k
RLC Reedy Lagoon Corp Ltd 0.003 -25.00% $1.2M 10.0k
LCY Legacy Iron Ore Ltd 0.003 -25.00% $4.4M 410.0k
IEC Intra Energy Corp Ltd 0.006 -25.00% $2.3M 1.8M
LHB LionHub Group Ltd 0.004 -20.00% $3.3M 165
TV2 TV2U International Ltd 0.008 -20.00% $23.5M 94.2k
CGN Crater Gold Mining Ltd 0.02 -20.00% $19.6M 29.2k
CML Chase Mining Corp Ltd 0.02 -18.52% $4.6M 2.1M
BXN Bioxyne Ltd 0.02 -17.39% $12.2M 30.6k
BAR Barra Resources Ltd 0.02 -16.67% $10.8M 827.1k
FGO Flamingo AI Ltd 0.003 -14.29% $3.4M 838.1k
ANL Amani Gold Ltd 0.003 -14.29% $15.6M 400.0k
MLM Metallica Minerals Ltd 0.012 -14.29% $3.9M 105.0k
GMC Gulf Manganese Corp Ltd 0.006 -14.29% $29.6M 650.0k
WEC White Energy Co Ltd 0.1 -13.04% $51.6M 1.8k