Here are the biggest small cap winners and losers in morning trade, but first – ever dreamt about leaving this busted-up planet for a new one?

NASA’s planet hunter satellite, TESS, has just discovered its very first Earth-sized “habitable-zone” world.

A planet’s habitable zone is the distance from its star/s where conditions may allow the presence of liquid water on the surface.

The planet, called TOI 700 d (catchy), is 20 per cent larger than Earth, orbits every 37 days and receives 86 per cent of the energy that the Sun provides Earth from its own star:

 

 
We have no idea what TOI 700 d looks like yet, but researchers do say that “it’s going to look completely different from what we have here on Earth”.

Which might not be a bad thing. Gold and oil prices are surging after Iran launched an attack early Wednesday morning on a military base in Iraq hosting American troops, escalating tensions in the Middle East.

In fact, gold has hit fresh highs of +$US1603/oz and counting in morning trade – an eyewatering $2341.40/oz in Australian dollar terms.

That’s the good news; the bad news is that these tensions are putting a dampener on markets in general, with the ASX200 and ASX Small Ord Indexes down 1.08 per cent and 0.76 per cent, respectively, in morning trade.

Here’s all your key small cap winners and losers in morning trade for Wednesday, January 8:

 

GOING UP:

Genetic Technologies (ASX:GTG) +66%

Genetic Technologies shares doubled this morning after the company confirmed the US launch date for its latest breast cancer test.

The company says the GeneType product will be released in the US commercially by the end of March.

It is soft launching the product in 20 centres in eight US states first, with a full commercial launch by the end of June.

The stock rose from 0.6c to 1.2c when the market opened, before falling back to 1c.

 

Gulf Manganese (ASX:GMC) +40%

Gulf has secured a €52m ($84.5m) loan facility, which means it is now fully funded to complete the construction and commissioning of the first two smelters at Kupang Smelting Hub West Timor, Indonesia.

Construction is about 60 per cent complete, the company says, with ~$US13m and a further six to seven months’ work required to complete the first two smelting furnaces.

Gulf chairman Craig Munro says “we are now firmly on the road to becoming a leading global ultra-low carbon ferromanganese producer this year”.

 

Also up on no news was explorer Riedel Resources (ASX:RIE) – which is currently on the hunt for new projects – as well as gold-focused Citigold (ASX:CTO), Lodestar Minerals (ASX:LSR), Twenty Seven Co (ASX:TSC), and Laneway Resources (ASX:LNY).

 

NOW READ: Who made the gains? Here are December’s top 50 small cap miners and explorers

Here are the best performing ASX small cap stocks at 12pm Wednesday January 8:

Swipe or scroll to reveal the full table. Click headings to sort.

Code Name Price % Chg Market Cap
CIO Connected IO 0.004 +100.00% $9.6M
LKE Lake Resources 0.05 +54.55% $27.0M
ADD Adavale Resources 0.03 +52.63% $4.6M
ANW Aus Tin Mining 0.0015 +50.00% $3.9M
LCY Legacy Iron Ore 0.003 +50.00% $10.3M
PCL Pancontinental Oil & Gas 0.002 +33.33% $10.8M
AUH AustChina Holdings 0.005 +25.00% $7.8M
BMG BMG Resources 0.005 +25.00% $2.9M
DTR Dateline Resources 0.0025 +25.00% $20.5M
TMX Terrain Minerals 0.005 +25.00% $3.6M
CP1 CannPal Animal Therapeutics 0.16 +23.08% $14.9M
ONE Oneview Healthcare 0.14 +22.73% $23.4M
RNX Renegade Exploration 0.003 +20.00% $2.1M
TSC Twenty Seven Co 0.012 +20.00% $13.4M
VR1 Vection Technologies 0.03 +19.05% $16.4M
AEE Aura Energy 0.007 +16.67% $11.4M
BAT Battery Minerals 0.007 +16.67% $9.2M
GME GME Resources 0.06 +15.38% $30.4M

 

GOING DOWN

Here are the worst performing ASX small cap stocks at 12pm Wednesday January 8:

Swipe or scroll to reveal the full table. Click headings to sort.

Code Name Price % Chg Market Cap
GSM Golden State Mining 0.04 -38.81% $1.5M
AWV Anova Metals 0.009 -25.00% $5.8M
FGO Flamingo AI 0.0015 -25.00% $1.7M
MRQ MRG Metals 0.02 -17.39% $21.5M
WCN White Cliff Minerals 0.005 -16.67% $2.4M
KEY Key Petroleum 0.005 -16.67% $10.3M
HWK Hawkstone Mining 0.005 -16.67% $4.1M
LML Lincoln Minerals 0.005 -16.67% $2.9M
CPH Creso Pharma 0.14 -15.15% $23.5M
DW8 Digital Wine Ventures 0.006 -14.29% $6.9M
DAU Dampier Gold 0.02 -13.64% $3.6M
SYA Sayona Mining 0.014 -12.50% $29.0M
JXT Jaxsta 0.14 -12.12% $33.6M
LI3 Lithium Consolidated 0.02 -12.00% $3.2M
WOA Wide Open Agriculture 0.12 -11.54% $8.1M
2BE Tubi Pty 0.12 -11.54% $28.0M
ENT Enterprise Metals 0.008 -11.11% $3.3M
MBK Metal Bank 0.009 -10.00% $7.9M
RHT Resonance Health 0.24 -9.62% $102.7M