Here are the key ASX small cap winners and losers at lunch Tuesday Aug 21.

The ASX Small Ords was up 3 points or 0.1 per cent to 2845.6 at 12.45pm AEST.


The fortunes of diversified investor First Growth Funds (ASX:FGF) continue to rise, with the company up another 36 per cent today to an intraday high of 1.5c with more than 17 million shares traded.

This followed yesterday’s 20 per cent run to 1.2c off the back of news that one of FGF’s investments plans to list on a cryptocurrency exchange.

Acudeen, a technology company enabling small and medium enterprises to finance their receivables ahead of time, is going to list on the BTCEXA – a digital asset exchange.

FGF holds 20 per cent of all Acudeen “tokens” and gets a $US250,000 fee from the first US$1m that Acudeen receives from the crypto sale plus a 6.25 per cent commission after $US5 million in sales.

Black Star Petroleum (ASX:BSP) was up 33 per cent this morning to an intraday high of 0.4c, a 52-week high.

Last week the company announced management changes; Prabir Mittra resigned as a director, while Dr Po Tao Wei was appointed as an executive director.

A statement to the ASX said he would be focused on finding “suitable projects for acquisition or investment purposes”.

Enterprise rewards and loyalty company Reffind (ASX:RFN) also announced management changes last week.

Today, its shares are up 30 per cent to an intraday high of 1.3c, with more than 14 million shares traded.

They announced that their current CEO, Tim Lea, would be leaving within the space of a month. Reffind plans to hire an outside firm to find his replacement and in the meantime have appointed current non-executive chairman David Jackson as the interim leader.

Carnarvon Petroleum (ASX:CVN) is having a better Tuesday after starting the week down in price. Today the oil and gas explorer — which made a historic oil find last week — was up 12 per cent to an intraday high of 40.5c, before falling slightly in the run-up to lunch.

Stockhead reported this morning that Carnarvon’s oil discovery in WA is creating a ‘nearology’ bounce for a handful of companies, and is highlighting an industry-wide return to offshore exploration.

Baby maker Virtus Health (ASX:VRT) told the market this morning that low-cost IVF providers are having an impact on its market share in Australia.

The company said Queensland and Tasmania, which provided all of the domestic growth in cycle volume last year, were responsible for an overall 3.4 per cent decline.

The company blamed low cost competition in Queensland and new competition in Tasmania amid a “declining market” that dipped by 0.7 per cent across the industry.

However, shareholders backed the company’s expertise, with Virtus’s shares rising to an intraday high of $5.61, a 2.9 per cent bump.

Here are the best performing ASX small cap stocks at 12.45pm Tuesday, Aug 21:

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ASX codeCompanyToday's change (12.30pm AEST)Price (12.30pm)Volume
BDIBlina Minerals100%0.2c2,539,475
RRSRange Resources100%0.2c1,370
WGLWangle Tech50%0.3c503,772
IKWIkwezi Mining33%0.4c96
MOXMonax Mining33%0.4c137,500
BSPBlack Star Petroleum33%0.4c150,000
FGFFirst Growth Funds27%1.4c18,221,497
ICGInca Minerals25%0.5c58
DSXDecimal Software25%1.5c6,142


Force Commodities (ASX:4CE) told investors this morning that it had surfaced a ‘best result’ of 2.13 per cent lithium oxide the latest results from its drilling program in Congo.

Shares initially ticked up on the news but by lunch the company was down 22 per cent to an intraday low of 3.1c.

Meanwhile, oil and gas explorer Pancontinental (ASX:PCL), which yesterday continued to trumpet its Namibia licence area — where ExxonMobil has moved in next door — was trading down 18 per cent this morning on 50 million volume.

Pancon hit an intraday low of 0.9c, after closing at just over 1c yesterday.

Here are the worst performing ASX small cap stocks at 12.45pm Tuesday, Aug 21:

Swipe or scroll to reveal the full table. Click headings to sort

ASX codeCompanyToday's change (12.30pm AEST)Price (12.30pm)Volume
LKOLakes Oil-33%0.2c1,101,812
AL8Alderan Resources-27%32c249,190
LMLLincoln Minerals-23%0.2c32,000
DMEDome Gold-20%24c123,500
4CEForce Commodities-17%4.2c7,911,305
LRSLatin Resources-17%0.5c7,131,997
EXOEnnox Group-17%0.5c907,700
TPDTalon Petroleum-17%0.5c270,225