Last Friday, hot video conference startup Zoom Video Communications filed to raise $100m in a US IPO.

But in the rush to get in on the action, some investors were apparently fooled by a far less cool, completely unrelated company called Zoom Technologies.

Less Cool Zoom was going for around 1c a share before it spiked as high as 1100 per cent, and it’s still at 25c a share which is hilarious. It’s all in the name, apparently.

And US billionaire Warren Buffett has told CNBC that economic growth “has lost some steam recently”; still, US markets were up yesterday on trade optimism.

The ASX Small Ords was also up, 10.8 points to 2749.8, to hopefully finish the week on a high note.

Here’s the state of play at lunch, Friday, March 29:


Gastric device specialists GI Dynamics (ASX: GID) are a happy lot this morning, after the Association of British Clinical Diabetologists green-lit some very promising results from a one-year study of its EndoBarrier device.

Those results, that showed a significant reduction in weight and body mass index, as well as reduction in obstructive sleep apnea events, sent the stock up 42 per cent in morning trade.

Remember when OncoSil (ASX: OSL) almost got wiped out four days ago? It shed up to 87 per cent of its share price (nearly $90 million) when its targeted isotope treatment for pancreatic tumours got the thumbs-down from the British Standards Institute (BSI).

Now it wants to note it has had constructive dialogue with senior BSI management“, which was enough to send the stock up 50 per cent.

And Kin Mining (ASX:KIN) could go deeper under a historic open pit after hitting 14m at 2.5 grams per tonne, 217m from surface.

The Mertondale 5 pit, which produced 37,800oz back in the day, could get a new life as part of Kin’s 1.06 million-ounce Cardinia project.

The news sent the stock up 22 per cent in morning trade.

Here are the best performing ASX small cap stocks at 12pm on Friday, March 29:

ASX Code Name Last Price Percentage Change Market Cap Volume
OSL OncoSil Medical 0.06 50% $37,200,000 36.3M
MNC Metminco 0.003 50% $3,600,000 1.0M
GID GI Dynamics 0.03 42% $26,000,000 100.0k
PMY Pacifico Minerals 0.006 38% $9,100,000 420.0k
BBX BBX Minerals 0.3 30% $121,300,000 213.6k
LMG Latrobe Magnesium 0.009 29% $11,700,000 998.7k
CVS Cervantes 0.005 25% $2,500,000 250.0k
DHR Dark Horse Resources 0.005 25% $9,900,000 1.0M
KIN Kin Mining 0.07 22% $29,600,000 22.9k
DMG Dragon Mountain Gold 0.02 21% $4,500,000 92.1k
SER Strategic Energy Resources 0.006 20% $4,500,000 1.1M
NSE New Standard Energy 0.006 20% $4,700,000 1.5M
SGO Stream Group 0.013 18% $2,900,000 171.1k
AAJ Aruma Resources 0.007 17% $4,200,000 500.0k
WCN White Cliff Minerals 0.007 17% $3,300,000 74.3k
8CO 8common 0.06 16% $8,500,000 10.0k
WEL Winchester Energy 0.03 16% $9,500,000 879.9k
AV1 AdVeritas 0.17 17% $24,000,000 1.2M
RDG Resource Development Group 0.03 13% $17,100,000 223.3k
RXL Rox Resources 0.009 13% $11,300,000 1.0M
SUD Suda Pharmaceuticals 0.005 13% $11,600,000 400.0k
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Here are the worst performing ASX small cap stocks at 12pm on Friday, March 29:

ASX Code Name Last Price Percentage Change Market Cap Volume
CLZ Classic Minerals 0.001 -33% $4,500,000 200.0k
BLY Boart Longyear 0.003 -25% $78,900,000 50.0k
AOA Ausmon Resources 0.003 -25% $1,600,000 100.0k
AGY Argosy Minerals 0.12 -25% $111,200,000 24.5M
SL1 Symbol Mining 0.01 -23% $7,500,000 4.4M
DW8 Digital Wine Ventures 0.004 -20% $2,800,000 930.6k
AUL Austar Gold 0.004 -20% $13,600,000 2.3M
CXU Cauldron Energy 0.02 -19% $8,900,000 10.0k
TKM Trek Metals 0.005 -17% $1,600,000 1.9M
RAN Range International 0.03 -16% $5,200,000 42.0k
AEE Aura Energy 0.011 -15% $12,400,000 9.8M
PIL Peppermint Innovation 0.012 -14% $11,900,000 250.0k
KMT Kopore Metals 0.012 -14% $6,500,000 208.6k
EVE EVE Investments 0.012 -14% $14,300,000 420.0k
SRI Sipa Resources 0.007 -13% $11,100,000 40.0k
REV Real Estate Investar Group 0.007 -13% $1,600,000 300.0k
PBX Pacific Bauxite 0.014 -13% $5,600,000 20.0k
MSR Manas Resources 0.004 -13% $9,300,000 735.0k
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That’s all for now. Don’t get carried away: