Here are the key ASX small cap winners and losers at lunch on Melbourne Cup day:

The ASX Small Ords was up 12 points or 0.4 per cent to 2,615 at 12.30pm AEST.

GOING UP

Buxton Resources (ASX:BUX) jumped 16 per cent this morning after the diversified explorer agreed to buy a project next to its “Merlin” nickel and copper prospect in the West Kimberley region of Western Australia.

Buxton shares gained 2c to an intraday high of 14.5c in morning trade. They’ve fluctuated between 10c and 21.5c over the past year.

Buxton will take over New World Cobalt’s (ASX:NWC) “West Kimberley” project, which includes a continuation of the same type of rock composition as Merlin.

This means it is considered highly prospective for nickel, copper ad cobalt, Buxton told investors.

Lithium explorer AVZ Minerals (ASX:AVZ) jumped 12 per cent to 9.2c after reporting “further high-grade results” from drilling at its Manono project in the Democratic Republic of Congo.

AVZ has “continued to confirm the initial drilling results” at the Manono site which it believes could be one of the biggest lithium deposits in the world.

“Our focus [is] now on moving ahead to the definitive feasibility study,” the company said.

It has received results from a further seven diamond drill holes, none of which were included in the Maiden JORC Mineral Resource estimate reported in early August 2018.

“We are very happy that the scale of the Roche Dure mineralisation [a desposit within the Manono site] continues to grow and we look forward to releasing an updated mineral resource estimate for Manono before the end of the year,” said AVZ’s managing director Mr Nigel Ferguson.

3D mapper Pointerra (ASX:3DP) bounced 40 per cent to 6.7c — even though there’s been no follow-up news on last month’s signing of two new customer contracts.

Pointerra makes cloud-based technology that manages the huge amounts of data contained in 3D files such as maps. It provides super-detailed mapping datasets without the need for high-performance computing.

Pointera last month surged to its highest level in six months after announcing new customers including a company operating in the autonomous car sector.

Today the stock jumped from 4.8c to an intraday high of 6.8c.

Here are the best performing ASX small cap stocks at 12.15pm AEST Tuesday, Nov 6: 

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ASX code Company Price change today (12.15pm) Price (12.15pm) Volume Market Cap
IOT IOT GROUP 1 0.002 29M 1.5M
OEX OILEX 0.666666666667 0.005 1k 6.8M
THD THRED 0.5 0.003 1M 3.6M
SBU SIBURAN RESOURCE 0.5 0.003 65k 1.4M
PCL PANCONTINENTAL 0.5 0.003 14M 13.5M
NWE NORWEST ENERGY 0.5 0.003 26M 8.5M
DDT DATADOT TECHNOLO 0.5 0.003 376k 2.0M
3DP POINTERRA 0.395833333333 0.067 12M 23.7M
XPE XPED 0.333333333333 0.004 3M 4.5M
G88 GOLDEN MILE RESO 0.321428571429 0.185 50k 8.1M
RNE RENU ENERGY 0.285714285714 0.009 3M 6.8M
BKP BARAKA ENERGY AN 0.25 0.005 3M 11.3M
KAM K2 ASSET MGMT 0.222222222222 0.11 257k 21.7M
SPB SOUTH PACIFIC RE 0.2 0.006 200k 827.6k
MZN MARINDI METALS L 0.2 0.006 5M 9.9M
AOA AUSMON RESOURCES 0.2 0.006 370k 2.7M
CRO CIRRALTO 0.176470588235 0.02 15k 6.7M
KNL KIBARAN RESOURCE 0.166666666667 0.175 176k 41.4M
AAJ ARUMA RESOURCES 0.166666666667 0.007 232k 3.1M
EXR ELIXIR PETROLEUM 0.162790697674 0.05 1M 12.7M
GAS STATE GAS 0.16 0.29 91k 33.7M
BUX BUXTON RESOURCES 0.16 0.145 17k 14.3M
BRK BROOKSIDE ENERGY 0.153846153846 0.015 23M 12.9M
KNM KNEOMEDIA 0.142857142857 0.032 709k 17.9M
EVE EVE INVESTMENTS 0.142857142857 0.008 14M 15.9M
EM1 EMERGE GAMING 0.142857142857 0.008 50k 4.1M
CTM CENTAURUS METALS 0.142857142857 0.008 189k 16.1M
CCE CARNEGIE CLEAN E 0.142857142857 0.008 6M 20.2M
SGQ ST GEORGE MINING 0.129032258065 0.175 1M 46.2M
LCT LIVING CELL TECH 0.125 0.045 7M 22.9M
DXN DATA EXCHANGE NE 0.125 0.18 55k 29.2M
CDT CASTLE MINERALS 0.125 0.009 171k 1.8M
AVZ AVZ MINERALS 0.121951219512 0.092 20M 154.9M
NES NELSON RESOURCES 0.117647058824 0.19 167k 7.8M
PIO PIONEER RESOURCE 0.117647058824 0.019 145k 25.6M
RFN REFFIND 0.111111111111 0.01 6M 4.6M
CVT COVATA 0.111111111111 0.02 426k 13.9M
CFE CAPE LAMBERT RES 0.105263157895 0.021 1M 19.2M
RAC RACE ONCOLOGY 0.1 0.165 5M 11.6M
N27 NORTHERN COBALT 0.1 0.099 88k 4.6M

 

GOING DOWN

Wind farmer Windlab (ASX:WND) fell 15 per cent to a record low of $1.11 today after its only investor in a Queensland wind farm project pulled out.

UK investor InfraRed Capital Partners pulled out of a 106 megawatt (MW) Lakeland Wind Farm project south of Cooktown, Queensland.

Windlab shares have traded between $1.11 and $1.85 over the past year.

“InfraRed Capital Partners of the UK has withdrawn from the project, citing its inability to price risks associated with the project’s grid connection, including risk of network losses and risk of curtailment,” Windlab said.

Grid connection risk is a rising problem as more and more renewable energy projects are built in areas where transmission lines are not “strong” enough to carry large amounts of intermittent wind and solar-generated energy.

Here are the worst performing ASX small cap stocks at 12.15pm AEST Tuesday, Nov 6: 

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ASX code Company Price change today (12.15pm) Price (12.15pm) Volume Market Cap
MCX MARINER CORP -0.551020408163 0.022 7k 673.2k
CAE CANNINDAH RESOUR -0.35 0.026 85k 6.3M
CLA CELSIUS RESOURCE -0.27619047619 0.076 1M 75.8M
TRL TANGA RESOURCES -0.25 0.003 500k 5.1M
JDR JADAR LITHIUM -0.2 0.012 21M 5.8M
RES RESOURCE GENERAT -0.194805194805 0.062 540k 44.8M
BPL BROKEN HILL PROS -0.170212765957 0.039 200k 7.0M
SMD SYNDICATED METAL -0.166666666667 0.005 8k 3.8M
PDI PREDICTIVE DISCO -0.166666666667 0.015 35k 4.3M
ERL EMPIRE RESOURCES -0.166666666667 0.01 518k 5.8M
ANL AMANI GOLD -0.166666666667 0.005 250k 9.7M
CM1 COOLGARDIE MINER -0.166666666667 0.1 333k 12.4M
KZR KALAMAZOO RESOUR -0.153846153846 0.11 87k 11.6M
TV2 TV2U INTERNATION -0.142857142857 0.006 3M 14.2M
PNN PEPINNINI LITHIU -0.142857142857 0.006 88k 4.8M
AWV ANOVA METALS -0.133333333333 0.013 4M 9.4M
MRV MORETON RESOURCE -0.125 0.007 3M 24.8M
MDI MIDDLE ISLAND RE -0.125 0.007 560k 5.6M
LML LINCOLN MINERALS -0.125 0.007 59k 4.6M
FIN FIN RESOURCES -0.117647058824 0.015 76k 5.0M
RIM RIMFIRE PAC MNG -0.111111111111 0.008 186k 8.5M
WND WINDLAB -0.107692307692 1.16 13k 87.9M
AXP AIRXPANDERS-CDI -0.107142857143 0.05 693k 31.3M
SRN SUREFIRE RESOURC -0.1 0.009 2M 4.4M
SBR SABRE RES -0.1 0.009 35k 4.1M
CSE COPPER STRIKE -0.1 0.09 25k 10.7M
ATP ATLAS PEARLS -0.1 0.018 100k 8.6M
CAZ CAZALY RESOURCES -0.1 0.027 400k 7.1M
SIL SMILES INCLUSIVE -0.0970149253731 0.605 134k 38.8M
SP3 SPECTUR -0.0909090909091 0.2 68k 11.5M