Here are the key ASX small cap winners and losers at lunch Friday December 7:

After a not-so-terrible day on Wall Street, the ASX Small Ords was down 5.4 points – or 0.22 per cent — to 2547.1 at about 12pm AEDT. Over the past 12 months the Small Ords has ranged between 2,501.6 and 2,930.

 

WINNERS

Cyber threat detector WhiteHawk shot up 56 per cent this morning after revealing a new contract win worth $US400,000 ($553,148).

WhiteHawk (ASX:WHK) inked a deal with an unnamed US “top 12” defense industrial base company with annual revenue of over $5 billion.

The news sent shares as high as 7.8c in early trade, which could help recover some of the stocks big losses since listing at 22c in January.

Coking coal hopeful Aspire Mining has locked in the $15 million it needs to complete feasibility studies on its Ovoot Early Development Project (OEDP) in Mongolia.

Investors liked the news, sending Aspire’s (ASX:AKM) share price up almost 18 per cent to 2c in morning trade.

Aspire chairman David Paull said the explorer would provide OEDP feasibility details in early 2019, and “looked forward to quickly progressing towards first coking coal production”.

Other big early movers included cannabis stock Althea Group (ASX:AGH), up 22 per cent to 22.5c, and cobalt-free lithium battery maker Ultracharge (ASX:UTR), up 22 per cent to 1.1c.

ASX Code Name Intraday price change Price 12:30pm AEST FRI Volume
NIU Niuminco Group 100.00% $0.002 200,000
XPE XPED 50.00% $0.003 1,003,750
WHK WhiteHawk 40.00% $0.070 19,595,337
AYR Alloy Resources 33.33% $0.004 751,000
BLY Boart Longyear 33.33% $0.004 100,000
AUT Auteco Minerals 33.33% $0.004 1,390,608
NOR Norwood Systems 25.00% $0.005 7,766,007
VAL Valor Resources 25.00% $0.005 890,000
RNX Renegade Exploration 25.00% $0.005 200,000
UTR Ultracharge 22.22% $0.011 3,436,908

 

LOSERS

Investors have run away from IncentiaPay in droves, after management admitted the digital payments provider probably won’t deliver on its earnings prediction in FY19.

Following a review of its operations, IncentiaPay (ASX:INP) told investors it “no longer expects to deliver” underlying earnings before interest tax, depreciation and amortisation (EBITDA) of between $3m and $5m for FY19.

CEO Iain Dunstan has also “left the business”, IncentiaPay said.

This drove shares as low as 1.4c — an 82 per cent plunge — on Friday morning, with over 37 million shares changing hands just before midday AEDT.

ASX Code Name Intraday price change Price 12:30pm AEST FRI Volume
INP Incentiapay -71.79% $0.022 44,080,076
AJC Acacia Coal -50.00% $0.001 150,000
STC Sinetech -50.00% $0.002 10,459,115
EUZ Europa Metals -50.00% $0.001 173,334
ENX Enegex -33.33% $0.012 8,894
VMG VDM Group -33.33% $0.002 8,000,000
BPP Babylon Pump & Power -33.33% $0.018 7,460,934
EMP Emperor Energy -25.00% $0.003 50,000
XPD XPD Soccer Gear Group -21.43% $0.022 456,733
ADV Ardiden -20.00% $0.004 1,099,998