Here are the key ASX small cap winners and losers at lunch Wed Oct 17:

The ASX Small Ords index was up 1.1 per cent or 30 points to 2713 by 12.30pm AEST.

GOING UP

HIV fighter Biotron — which took investors on a wild rollercoaster ride Tuesday — again saw heavy trading today after locking in an underwriter for $4.7m worth of options it’s about to sell to raise money for the next two years.

Biotron put on the small cap spectacle of the year on Tuesday.

The stock (ASX:BIT) soared 70 per cent to 44.5c before plummeting back to 24.5c to close down 6 per cent.

Some $50 million worth of shares changed hands.

Today almost $10 million of trades took place by 11.40am AEST — pushing the shares back up as high as 33c. They were trading at 27.5c at 11.15am AEST.

Gold explorer NTM Gold was up nearly 17 per cent after reporting high-grades of gold from its Redcliffe project.

NTM (ASX:NTM) reached 3.5c today on gold hits of up to 8.68 grams per tonne (g/t). Anything above 5g/t is usually considered high-grade.

Gold explorers Alkane Resources and Calidus moved ahead this morning after Alkane made a $3.7m “strategic” investment at a premium in Pilbara-focused Calidus Resources.

The cash injection from Alkane (ASX:ALK) means Calidus (ASX:CAI) is now fully funded to complete the pre-feasibility study (PFS) on its Warrawoona project in the East Pilbara in Western Australia, boss Dave Reeves told investors this morning.

The news was well received with shares jumping over 15 per cent to an intra-day peak of 3c.

Alkane’s shares were also up, gaining 4.5 per cent to an intra-day high of 23c.

Alkane, which is also advancing a rare earths project in New South Wales towards production, has agreed to subscribe for 125 million shares at 2.95c each — a 13.5 per cent premium to Calidus’ closing share price on Tuesday.

Antisense Therapeutics (ASX:ANP) continued its run after telling the ASX yesterday that it had no idea why its shares were going up.

The stock was up 61 per cent to 8.7c at midday.

Here are the best performing ASX small cap stocks at 12.30pm Wed Oct 17:

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ASX code Company Price change today (12.30pm) Price (12.30pm) Volume Market Cap
BDI BLINA MINERALS N 1 0.002 2M 4.3M
SHH SHREE MINERALS L 0.647058823529 0.028 48k 8.0M
ANP ANTISENSE THERAP 0.611111111111 0.087 153M 20.1M
ACL ALCHEMIA 0.545454545455 0.017 6M 3.6M
WGL WANGLE TECHNOLOG 0.5 0.003 600k 5.2M
S3R SERPENTINE TECHN 0.5 0.003 1M 1.4M
QGL QUANTUM GRAPHITE 0.5 0.003 190k 15.0M
MRD MOUNT RIDLEY MIN 0.5 0.003 700k 3.8M
MOX MONAX MINING 0.5 0.003 2M 1.8M
HCO HYLEA METALS 0.5 0.003 330k 5.6M
RBR RBR GROUP 0.428571428571 0.01 70k 4.9M
SUD SUDA PHARMACEUTI 0.4 0.007 6M 12.9M
CVT COVATA 0.352941176471 0.023 323k 13.0M
TRL TANGA RESOURCES 0.333333333333 0.004 225k 2.2M
PGS PLANET GAS 0.333333333333 0.004 1M 1.6M
BAS BASS OIL 0.333333333333 0.004 363k 7.8M
PAA PHARMAUST 0.265306122449 0.062 4M 9.8M
PPY PAPYRUS AUSTRALI 0.25 0.01 22k 1.8M
AGE ALLIGATOR ENERGY 0.25 0.005 7M 4.0M
RAC RACE ONCOLOGY 0.227272727273 0.135 173k 8.5M
EM1 EMERGE GAMING 0.222222222222 0.011 8M 5.3M
AGD AUSTRAL GOLD 0.214285714286 0.085 1k 37.4M
MEB MEDIBIO 0.212765957447 0.057 532k 9.5M
AGS ALLIANCE RESOURC 0.208333333333 0.145 347k 12.5M
VAL VALOR RESOURCES 0.2 0.006 556k 10.4M
SDL SUNDANCE RESOURC 0.2 0.006 5M 46.1M
MTB MOUNT BURGESS 0.2 0.006 164k 2.2M
IVO INVIGOR GROUP 0.2 0.006 805k 7.5M
ALT ANALYTICA 0.2 0.006 200k 18.4M
HIP HIPO RESOURCES L 0.2 0.018 200k 5.8M

 

GOING DOWN

Retailer The Reject Shop (ASX:TRS) plunged 44 per cent after warning investors of a profit drop in the December half.

The discount store said it was now only expecting to make between $10 and $11 million profit after sales in the first 15 weeks fell into negative territory.

The stock dropped to an intra-day low of $2.50 from $4.47 on Tuesday.

The Reject Shop previously said it expected to report an FY19 net profit after tax that was “consistent with last year of $17.7m”.

Despite strong marketing and merchandise plans, and in store execution, the extremely weak retail environment has seen sales deteriorate, with this deterioration accelerating markedly during September and early October, the company explained.

NuEnergy Gas (ASX:NGY) dropped 18 per cent to 3.1c this morning after failing to get the sale of a stake in its Indonesian coal bed methane explorer across the line.

In the past year, NuEnergy’s share price has slumped as much as 62 per cent — from a 52-week high of 7.1c to a low of 2.7c.

Sydney-based NuEnergy had previously agreed to sell of a percentage of subsidiary Dart Energy (Indonesia) to private player EPI Energy.

But today NuEnergy told investors the parties were “not able to reach a mutual agreement on the commercial terms”.

Here are the worst performing ASX small cap stocks at 12.30pm Wed Oct 17:

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

 

ASX code Company Price change today (12.30pm) Price (12.30pm) Volume Market Cap
LKO LAKES OIL NL -0.5 0.001 2M 45.4M
TRS REJECT SHOP -0.342281879195 2.94 51k 129.2M
SBU SIBURAN RESOURCE -0.333333333333 0.002 1M 2.1M
BKY BERKELEY ENERGIA -0.287234042553 0.335 706k 121.5M
NVO NVOI -0.25 0.006 100k 3.3M
LNY LANEWAY RESOURCE -0.25 0.003 250k 14.1M
ABV ADVANCED BRAKING -0.25 0.003 9M 11.9M
DLC DELECTA -0.222222222222 0.007 400k 5.8M
AUL AUSTAR GOLD -0.2 0.004 2M 17.0M
NGY NUENERGY GAS -0.184210526316 0.031 430k 56.3M
SWJ STONEWALL RESOUR -0.181818181818 0.009 9M 34.8M
PSM PENINSULA MINES -0.166666666667 0.005 100k 4.8M
PMY PACIFICO MINERAL -0.166666666667 0.005 2M 7.6M
RDN RAIDEN RESOURCES -0.153846153846 0.011 50k 5.3M
PNN PEPINNINI LITHIU -0.142857142857 0.006 11M 4.5M
ADN ANDROMEDA METALS -0.142857142857 0.006 6M 7.6M
NES NELSON RESOURCES -0.137931034483 0.125 5k 6.6M
CAP CARPENTARIA RESO -0.136363636364 0.076 89k 18.8M
TV2 TV2U INTERNATION -0.125 0.007 2M 16.3M
MHC MANHATTAN CORP -0.125 0.007 289k 5.9M
QTM QUANTUM ENERGY L -0.12 0.022 90k 27.5M
SRN SUREFIRE RESOURC -0.111111111111 0.008 111k 3.8M
BYH BRYAH RESOURCES -0.11 0.089 59k 5.6M
ENR ENCOUNTER RESOUR -0.104166666667 0.043 3k 11.4M
JAT JATENERGY -0.101449275362 0.062 33M 44.3M
DAU DAMPIER GOLD -0.0909090909091 0.03 257k 5.5M
PPL PUREPROFILE -0.0909090909091 0.1 166k 13.3M
OSP OSPREY MEDIC-CDI -0.0909090909091 0.2 19k 74.7M
IVR INVESTIGATOR RES -0.0909090909091 0.01 100k 8.1M
BNL BIG STAR ENERGY -0.0909090909091 0.01 246k 3.6M