Here are the key ASX small cap winners and losers at lunch Thursday October 4:

The ASX Small Ords was up 9.8 points or 0.34 per cent to 2,867.4 at 12.50pm AEST.

GOING UP

Orthocell (ASX:OCC) rose 10 per cent this morning to an intraday high of 28.5c on the back of news that its artificial membrane CelGro helps accelerate bone regrowth.

The trial, done in rats, paired CelGro with bone growth factors, indicated that Orthocell’s technology “can accelerate and augment the repair of fractures with cortical bone defects”.

Eden Innovations (ASX:EDE) got a speeding ticket from the ASX, with its stock rising 56 per cent in the past two days despite the company not having any news out.

Today alone it rose 25 per cent to an intraday high of 8.6c, with nearly $2 million worth of shares trading hands.

Eden told the ASX late yesterday it was not aware of any unannounced information, citing recent positive announcements as the reason for the sudden spike in price and volumes.

Gina Rinehart-backed Lakes Oil (ASX:LKO) doubled in price to 0.2c after confirming it would appeal after losing a court battle to over-turn Victoria’s gas ban.

The appeal won’t take place until sometime next year though — and the stock has bounced between 0.1c and 0.4c over the past year.

Lakes Oil — which is 11 per cent owned by Ms Rinehart’s Hancock Prospecting — last month lost its fight to overturn Victoria’s ban on gas exploration.

The Victorian Supreme Court rejected Lakes Oil’s claims that the government’s state‐wide moratorium on on‐shore gas exploration was unlawful or ineffective.

Cauldron Energy (ASX:CXU) shares rose 26 per cent to an intraday high of 3.9c after it told investors of a farm-in agreement with Oceltip Metals, whereby Oceltip will fund $2 million of exploration at Cauldron sites.

Here are the best performing ASX small cap stocks at 12.30pm AEST Thursday October 4:

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ASX code Company Price change today (12.30pm) Price (12.30pm) Volume Market Cap
LKO LAKES OIL NL 1 0.002 3M 30.1M
NIU NIUMINCO GROUP L 0.5 0.003 10M 6.8M
HCO HYLEA METALS 0.333333333333 0.004 300k 8.4M
CXU CAULDRON ENERGY 0.258064516129 0.039 22k 10.2M
TRL TANGA RESOURCES 0.25 0.005 3M 2.9M
TMX TERRAIN MINERALS 0.25 0.005 160k 2.9M
OVL ORO VERDE 0.25 0.005 3M 6.2M
EDE EDEN INNOVATIONS 0.231884057971 0.085 10M 105.0M
RUB RUBICOR GROUP 0.222222222222 0.022 30k 4.4M
SDL SUNDANCE RESOURC 0.2 0.006 5M 45.7M
PMY PACIFICO MINERAL 0.2 0.006 1M 6.3M
AGE ALLIGATOR ENERGY 0.2 0.006 2M 3.7M
FFG FATFISH INTERNET 0.1875 0.019 5M 8.2M
BPP BABYLON PUMP & P 0.1875 0.019 50 6.0M
BPL BROKEN HILL PROS 0.173913043478 0.054 82k 6.8M
PM8 PENSANA METALS L 0.153846153846 0.015 902k 15.1M
ADJ ADSLOT 0.148936170213 0.054 2M 67.1M
GBM GBM GOLD 0.142857142857 0.008 573k 7.8M
SGC SACGASCO 0.137931034483 0.033 727k 7.5M
REF REVERSE CORP 0.137931034483 0.033 60k 2.7M
NSX NSX 0.125 0.225 12k 33.3M
DHR DARK HORSE RESOU 0.125 0.009 200k 15.4M
CTM CENTAURUS METALS 0.125 0.009 3M 18.4M
ADV ARDIDEN 0.125 0.009 661k 13.4M
SE1 SENSERA 0.115384615385 0.145 31k 31.8M
BTH BIGTINCAN HOLDIN 0.112676056338 0.395 21k 78.7M
YPB YPB GROUP 0.111111111111 0.02 3M 13.6M
ODA ORCODA 0.111111111111 0.2 15k 16.1M
MRC MINERAL COMMODIT 0.111111111111 0.2 5k 75.8M
MEP MINOTAUR EXPLORA 0.111111111111 0.05 281k 11.6M
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GOING DOWN

Galan Lithium (ASX:GLN) shares dropped 20 per cent to an intraday low of 25.5c, with $217k worth of shares trading hands, after geophysical results showed brine potential at its Argentinian site.

The company said the results were “very conductive and shallow units that are compatible with units being saturated with brine, which constitute a great potential for lithium exploration”.

Meanwhile biotech darling Biotron (ASX:BIT) fell back after rising 742 per cent this week to highs of 16c from 1.9c last week.

Biotron boss Dr Michele Miller told Stockhead today that “the main next step for us is to partner — we’d like a partner to fund the next stage of development”.

Profit-takers pushed the shares back to 10.5c by 1pm AEST today.

Here are the worst performing ASX small cap stocks at 12.30pm AEST Thursday October 4: 

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ASX code Company Price change today (12.30pm) Price (12.30pm) Volume Market Cap
SXX SOUTHERN CROSS -0.25 0.006 65k 8.6M
GPP GREENPOWER ENERG -0.25 0.003 2M 5.8M
CLI CROPLOGIC -0.212121212121 0.026 497k 4.1M
IHR INTELLIHR HOLDIN -0.2 0.16 64k 20.9M
CGM COUGAR METALS NL -0.2 0.004 410k 4.7M
CP1 CANNPAL ANIMAL -0.1875 0.13 22k 14.9M
GLN GALAN LITHIUM -0.183098591549 0.29 486k 33.8M
SPX SPECTRUM METALS -0.166666666667 0.005 6M 4.2M
CI1 CREDIT INTELLIGE -0.166666666667 0.015 600k 14.8M
AVD ANTILLES OIL AND -0.166666666667 0.03 132k 4.9M
KTA KRAKATOA RESOURC -0.15625 0.027 100k 3.8M
MZN MARINDI METALS L -0.142857142857 0.006 1M 12.5M
TKL TRAKA RESOURCES -0.138888888889 0.031 57k 11.9M
TPS THREAT PROTECT A -0.135135135135 0.16 2k 23.3M
AUP AURORA PROPERTY -0.133858267717 2.2 550 5.1M
DAF DISCOVERY AFRICA -0.133333333333 0.013 172k 2.7M
AAJ ARUMA RESOURCES -0.125 0.007 6M 4.2M
EM2 EAGLE MOUNTAIN M -0.123287671233 0.32 5k 33.8M
WEL WINCHESTER ENERG -0.121212121212 0.029 234k 9.4M
BIT BIOTRON -0.12 0.11 19M 62.8M
MZI MZI RESOURCES -0.111111111111 0.12 5k 34.9M
SWJ STONEWALL RESOUR -0.111111111111 0.008 100k 27.1M
MEI METEORIC RESOURC -0.111111111111 0.016 2M 10.3M
EM1 EMERGE GAMING -0.111111111111 0.008 4M 5.3M
AEV AVENIRA -0.111111111111 0.016 85k 17.2M
TAU TRUSTEES AUSTRAL -0.107142857143 0.25 70k 37.4M
RAC RACE ONCOLOGY -0.103448275862 0.13 20k 11.2M
IDZ INDOOR SKYDIVING -0.102272727273 0.079 10k 12.0M
RNO RHINOMED -0.101449275362 0.31 9k 40.6M
RNE RENU ENERGY -0.1 0.009 1M 9.7M
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