Here are the key ASX small cap winners and losers at lunch Monday October 8:

The ASX Small Ords was down 20.2 points or 0.7 per cent to 2,823.5 at 1pm AEST.

GOING UP

Shares in troubled junior telco Inabox Group (ASX:IAB) climbed 50 per cent to an intraday high of 75c after it revealed it is selling its telecommunications and enablement services business to MNF Group (ASX:MNF).

The company had a challenging FY18, starting when a cloud business it owned performed much poorer than expected.

Back in June, takeover talk pushed the group’s performance, and then in August sell-offs began, with 5G Networks (ASX:5GN) picking up that cloud business and another Inabox business, Anittel, for $5.7m.

The sale of its telco and enablement business will net the company $33.5 million. 75c is the highest it has traded since the share price halved last year.

3D printer Aurora Labs (ASX:A3D) rose 30 per cent to an intraday high of $1.06 after it revealed it can print metal faster than ever.

It told investors it had achieved significant speed increases for its Rapid Manufacturing Technology (RMT), 2.5 times the recently announced rates, and is now printing at 1.667kg/hr, equivalent to 40kg/day.

It says this printing speed is approximately 20 times the speed of a comparable size, commercially available, machine that can print titanium (CP-Ti).

Meteoric Resources (ASX:MEI) shares were up 19 per cent to an intraday high of 1.9c after a geophysical survey at its Ontario exploration program uncovered nine copper-cobalt-gold target anomalies.

Last week’s small cap superstar Biotron (ASX:BIT) saw its shares rising again, this time up 22 per cent to an intraday high of 10c.

Biotron was all the rage last week after it revealed clinical trial results showing its drug having an effect on patients with HIV-A. Its stock skyrocketed 750 per cent to 16c, then took an inevitable little tumble.

But there is still plenty of interest from investors, with $3.5 million worth of shares trading hands by lunch.

Here are the best performing ASX small cap stocks at 12.30pm Monday October 8: 

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ASX code Company Price change today (12.30pm) Price (12.30pm) Volume Market Cap
NIU NIUMINCO GROUP L 0.5 0.003 10M 6.8M
MRD MOUNT RIDLEY MIN 0.5 0.003 76k 3.8M
ABV ADVANCED BRAKING 0.5 0.003 5M 7.4M
IAB INABOX GROUP 0.4 0.7 3k 11.9M
CIO CONNECTED IO 0.333333333333 0.004 3M 3.5M
SUD SUDA PHARMACEUTI 0.25 0.005 1M 11.6M
SRO SHAREROOT 0.25 0.005 1M 5.3M
AUL AUSTAR GOLD 0.25 0.005 5M 13.1M
BYH BRYAH RESOURCES 0.23595505618 0.11 20k 5.0M
ZMI ZINC OF IRELAND 0.2 0.006 2M 10.7M
SDL SUNDANCE RESOURC 0.2 0.006 5M 45.7M
PMY PACIFICO MINERAL 0.2 0.006 2M 6.3M
BKP BARAKA ENERGY AN 0.2 0.006 1M 15.5M
A3D AURORA LABS 0.19512195122 0.98 160k 53.8M
NES NELSON RESOURCES 0.178571428571 0.165 72k 6.4M
VP7 VELOCITY PROPERT 0.173913043478 0.027 52k 8.3M
CTO CITIGOLD CORP 0.166666666667 0.007 354k 12.9M
ANL AMANI GOLD 0.166666666667 0.007 200k 9.7M
ADN ANDROMEDA METALS 0.166666666667 0.007 9M 6.5M
SKN SKIN ELEMENTS 0.153846153846 0.06 25k 8.9M
TV2 TV2U INTERNATION 0.142857142857 0.008 2M 14.2M
EM1 EMERGE GAMING 0.142857142857 0.008 15M 4.1M
CHK COHIBA MINERALS 0.142857142857 0.008 2M 3.9M
MVP MEDICAL DEVELOPM 0.142857142857 5.6 71k 320.5M
SVY STAVELY MINERALS 0.130434782609 0.26 468k 34.9M
AGS ALLIANCE RESOURC 0.130434782609 0.13 175k 12.0M
WML WOOMERA MINING L 0.129411764706 0.096 20k 9.6M
ESE ESENSE-LAB 0.129032258065 0.035 243k 2.5M
MYQ MYFIZIQ 0.128205128205 0.44 170k 32.2M
CTM CENTAURUS METALS 0.125 0.009 957k 18.4M
MEI METEORIC RESOURC 0.117647058824 0.019 390k 9.8M

 

GOING DOWN
Reedy Lagoon (ASX:RLC) shares have taken a dive this morning after the lithium minnow revealed it still isn’t finding anything of significance at a project in Nevada.

Reedy told investors after market close on Friday that it had uncovered “low levels” of lithium and boron that were not “considered to be significant” during drilling at its “Big Smoky South” project.

Shares dropped 20 per cent to 0.8c on the news.

Here are the worst performing ASX small cap stocks at 12.30pm Monday October 8: 

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ASX code Company Price change today (12.30pm) Price (12.30pm) Volume Market Cap
PCH PROPERTY CONNECT -0.5 0.1c 500k 2.4M
UUV UUV -0.34 4.9c 20k 11.5M
TOM TOMIZONE -0.27 0.8c 1M 4.7M
GGX GAS2GRID -0.25 0.3c 242k 4.5M
QFY QUANTIFY TECHNOL -0.24 1.6c 532k 11.5M
AIV ACTIVEX -0.23 15.5c 10k 35.4M
RLC REEDY LAGOON -0.2 0.8c 474k 4.0M
MRQ MRG METALS -0.2 0.4c 2M 3.3M
BLY BOART LONGYEAR L -0.2 0.4c 23M 131.4M
AVD ANTILLES OIL AND -0.17 3c 132k 4.9M
IDZ INDOOR SKYDIVING -0.17 5c 82k 8.2M
PPY PAPYRUS AUSTRALI -0.14 0.6c 62k 1.6M
MZN MARINDI METALS L -0.14 0.6c 2M 12.5M
ENB ENEABBA GAS -0.14 0.6c 120k 3.7M
CXZ CONNEXION MEDIA -0.14 0.6c 220k 5.9M
DRA DRAGON MINING -0.14 15c 2k 15.5M
PRZ PARAZERO -0.13 13c 44k 13.2M
DAU DAMPIER GOLD -0.13 3.3c 338k 4.5M
AFR AFRICAN ENERGY -0.13 2c 208k 14.4M
MRV MORETON RESOURCE -0.13 0.7c 2M 24.8M
FEL FE -0.13 1.4c 106k 5.9M
ADV ARDIDEN -0.13 0.7c 3M 13.4M
RBO ROBO 3D -0.13 2.1c 11k 13.4M
WEL WINCHESTER ENERG -0.12 3c 166k 9.7M
ATX AMPLIA THERAPEUT -0.12 30.5c 15k 14.2M
3DP POINTERRA -0.11 3.1c 924k 17.3M
8CO 8COMMON -11 4c 30k 6.1M
SWJ STONEWALL RESOUR -11 0.8c 70k 28.5M
RNE RENU ENERGY -11 0.8c 4M 8.7M
PNN PEPINNINI LITHIU -11 0.8c 3M 5.3M