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.

GOING UP

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 code Company Today's change (12.30pm AEST) Price (12.30pm) Volume
BDI Blina Minerals 100% 0.2c 2,539,475
RRS Range Resources 100% 0.2c 1,370
WGL Wangle Tech 50% 0.3c 503,772
IKW Ikwezi Mining 33% 0.4c 96
MOX Monax Mining 33% 0.4c 137,500
OEX Oilex 33% 0.4c 116
BSP Black Star Petroleum 33% 0.4c 150,000
RFN Reffind 30% 1.3c 14,101,098
FGF First Growth Funds 27% 1.4c 18,221,497
SGI SDI 26% 13c 559,372
ICG Inca Minerals 25% 0.5c 58
DSX Decimal Software 25% 1.5c 6,142
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GOING DOWN

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:

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ASX code Company Today's change (12.30pm AEST) Price (12.30pm) Volume
LKO Lakes Oil -33% 0.2c 1,101,812
AL8 Alderan Resources -27% 32c 249,190
DCL Domacom -23% 7.6c 7,000
LML Lincoln Minerals -23% 0.2c 32,000
DME Dome Gold -20% 24c 123,500
PCL Pancontinental -18% 0.9c 50,777,804
4CE Force Commodities -17% 4.2c 7,911,305
LRS Latin Resources -17% 0.5c 7,131,997
EXO Ennox Group -17% 0.5c 907,700
TPD Talon Petroleum -17% 0.5c 270,225
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