Here are the key ASX small cap winners and losers at lunch Tuesday December 11:

Fat Prophets says that despite the “doom & gloom being widely pervasive”, US indices actually rallied and closed the day higher.

This sparked a small rally in Australia.

The ASX Small Ords was up 10.5 points – or 0.42 per cent — to 2497.1 at about 11:30am AEDT, as it looks to bounce back from 15-month lows.

WINNERS

WestStar Industrial (ASX:WSI) has emerged from a trading halt this morning, revealing that its engineering business  won an $8m contract for Tianqi’s lithium plant in Western Australia.

Shares jumped over 84 per cent to 2.4c by 11:10am AEST on the news.

The contract was awarded by MSP Engineering, which SIMPEC worked with previously on Talison Lithium’s Greenbushes lithium mine in the south-west of WA.

MSP is the head contractor for the design and construction of the lithium plant in Kwinana, south of Perth.

Chinese-backed Tianqi Lithium is spending more than $700m on building the two-stage lithium processing plant.

Blockchain stock Kycker (ASX:KYK) received a “please explain” from the ASX yesterday after its share price dropped 33 per cent for no reason.

Today, its share price jumped 20 per cent – again, for no reason (apparently). It currently trades for about 7.2c.

Shares in RBR Group (ASX:RBR) are also up 25 per cent in morning trade after the labour hire company won a contract to assess potential workers for a giant Mozambique LNG project.

 

ASX Code Name Intraday price change Price 12:30pm AEST TUES Volume
WSI Weststar Industrial 53.85% $0.020 39,574,337
KLH Kalia 50.00% $0.003 1,000,000
SRN Surefire Resources 40.00% $0.007 2,716,949
BKP Baraka Energy & Resources 33.33% $0.004 292,500
RBR RBR Group 25.00% $0.015 3,362,024
ANL Amani Gold 25.00% $0.005 4,483,008
OAR Oakdale Resources 23.53% $0.021 22,500
MTH Mithril Resources 20.00% $0.006 344,734
SER Strategic Energy Resources 20.00% $0.006 554,000
ABW Aurora Absolute Return Fund 17.07% $0.240 12,000

 

LOSERS

Retractable syringe-maker Medigard (ASX:MGZ) sunk nearly 29 per cent on Tuesday after telling investors it needs to raise cash soon.
Its share price dipped to an intra-day low of 2c.

With limited cash on hand, Medigard said it  will need to raise capital  to fund the development of its injectable product to treat back problems.

ASX Code Name Intraday price change Price 12:30pm AEST MON Volume
QTG Q Technology Group -85.00% $0.003 32,500
MNC Metminco -33.33% $0.002 200,000
MGZ Medigard -28.57% $0.020 150,000
BLY Boart Longyear -25.00% $0.003 4,637,369
FDX Frontier Diamonds -21.43% $0.033 185,744
BSX Blackstone Minerals -17.86% $0.115 38,468
AAJ Aruma Resources -16.67% $0.005 450,000
PSZ PS&C -16.67% $0.100 2,445
RLC Reedy Lagoon -16.67% $0.005 267,398
GSM Golden State Mining -15.15% $0.140 6,500