Stanislas Wawrinka ahead of the 2019 Aus Open. Pic: Michael Dodge

Here are the key ASX small cap winners and losers at lunch Thursday January 10:

The ASX Small Ords was down 5.3 points or 0.2 per cent to 2,506.7 at 12.10pm AEST.

GOING UP
Integrated Research (ASX:IRI) says profit is set to tick up again and its shares are going nuts.

This morning the almost $300m company presided over a 30 per cent bounce in its stock to $2.16.

The cause was a profit forecast of $11.1m to $11.7m for the first half of 2019, up 19-26 per cent on the same period last year.

Big share price jumps thanks to share consolidations continue. Yesterday we had Kasbah Resources rising 789 per cent after a consolidation, and today The Agency Group Australia (ASX:AU1) rose an astonishing 1,456 per cent.

The company did a 30-to-1 share consolidation, dropping the shares on issue from 639 million to just 21 million.

Gateway Mining (ASX:GML) was up 45 per cent this morning to 1.6c after announcing “outstanding” new drilling results at its Whistler mine in Western Australia.

“The results have confirmed the quality of the mineralisation immediately below the historical Whistler Open Pit and provide strong indications of high-grade extensions at depth,” the company told investors.

Drilling at the 591,000oz Kunche deposit shows high grade gold extending up to 75m deeper than Azumah Resources (ASX:AZM) thought – and the Ghana-based gold explorer still hasn’t found where it finishes.

The Azumah share price, which has ranged between 1.6c and 4.6c over the past 12 months, was up 3.8 per cent to 2.7c in morning trade.