Here are the key ASX small cap winners and losers at lunchtime Friday July 27:

The ASX Small Ords has continued its positive journey this week, climbing 0.5 per cent or 14 points to 2869 by 12.45pm AEST. It’s up from 2831 on Monday.

GOING UP

Aerial snapper Spookfish (ASX:SFI) jumped 57 per cent after announcing a $122 million takeover offer from US shareholder EagleView Technologies.

The stock jumped from yesterday’s close of 5.1c to match the 8c offer price.

Spookfish (ASX:SFI) listed on the ASX in 2015, raising $5 million at an issue price of 3.5c.

Spookfish’s product suite includes a range of aerial imaging services like SiteView, with key clients those in the government, developer and enterprise spaces.

Directors are recommending shareholders vote in favour of the offer.

“ApplyDirect wins the Department of Defence” trumpeted one ASX announcement today.

Not quite. But the HR software maker did sign a six-month deal to build a new careers computer system for the department.

That was enough to drive ApplyDirect (ASX:AD1) shares up 28 per cent to 5c.

“It is expected that a further agreement will be entered into following this initial contract period, incorporating deeper e-recruitment system integrations,” the company told investors.

Northern Minerals (ASX:NTU) gained 6 per cent after becoming the first producer of Australian heavy rare earths after opening its Browns Range project in Western Australia.

“The opening of the Browns Range heavy rare earths project is nearly eight years in the making, since the initial discovery in 2010,” boss George Bauk said.

“There are not too many times when a managing director can stand up and launch a new industry in Australia and this is what we are doing today. Australia is now a heavy rare earths producer.”

The stock gained 6 per cent to 8.8c in early Friday trade.

Alligator Energy (ASX:AGE) made gains after yesterday releasing the first assay (or lab test) results from sampling at its Piedmont nickel, cobalt and copper project in northern Italy.

Grades ranged up to 2.48% nickel, 0.17% cobalt and 0.98% copper.

“These first assay results have verified that we are looking at significant nickel-cobalt-copper mineralisation within an extensive system,” chief Greg Hall told investors.

The shares moved ahead 11 per cent to 1c. Further testing is to come.

Tando Resources (TNO) also gained 15 per cent after winning mining rights for its vanadium project in South Africa, paving the way for drilling.

Drilling contractors are set to mobilise shortly.

The shares hit an intraday high of 18.5c.

Here are the best performing ASX small cap stocks at 12.15pm Friday, July 27:

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ASX code Company Today's price change (12.15pm) Price (12.15pm) Volume Market Cap
SFI SPOOKFISH 0.509803921569 0.077 1M 63.8M
RRS RANGE RESOURCES 0.5 0.003 376k 15.2M
LKO LAKES OIL 0.5 0.003 1M 57.6M
VPR VOLT POWER GROUP 0.333333333333 0.004 1M 24.7M
AD1 APPLYDIRECT 0.282051282051 0.05 50k 8.7M
AIS AERIS RESOURCES 0.255813953488 0.27 179k 60.3M
SDL SUNDANCE RES 0.25 0.005 100k 32.5M
MLS METALS AUSTRALIA 0.25 0.005 800k 10.5M
IVT INVENTIS 0.25 0.005 464k 2.8M
GLA GLADIATOR RES 0.25 0.005 144k 3.5M
DDD 3D RESOURCES 0.25 0.005 200k 3.5M
BUY BOUNTY OIL & GAS 0.25 0.005 828k 3.8M
AEV AVENIRA 0.227272727273 0.027 321k 20.1M
EPM ECLIPSE METALS 0.2 0.006 250k 5.7M
EER EAST ENERGY RES 0.2 0.006 300k 16.0M
BKP BARAKA ENERGY 0.2 0.006 475k 13.5M
AZI ALTA ZINC 0.2 0.006 200k 6.8M
GOO GOOROO VENTURES 0.2 0.12 60k 8.7M
VMY VIMY RESOURCES 0.171428571429 0.123 4M 44.0M
NVO NVOI 0.166666666667 0.007 369k 2.5M
DEV DEVEX RESOURCES 0.166666666667 0.007 2M 6.6M
AUL AUSTAR GOLD 0.166666666667 0.007 7M 11.4M
GRV GREENVALE ENERGY 0.16 0.029 20k 2.3M
CKA COKAL 0.15625 0.037 325k 22.8M
AVD ANTILLES OIL 0.151515151515 0.038 323k 5.4M
FWD FLEETWOOD CORP 0.147623862487 2.27 81k 162.9M
WLC WOLLONGONG COAL 0.142857142857 0.008 265k 65.6M
RMX RED MOUNTAIN MIN 0.142857142857 0.008 7M 4.7M
NWC NEW WORLD COBALT 0.142857142857 0.056 716k 22.5M
BMN BANNERMAN RESOUR 0.135593220339 0.067 3M 60.8M
AGE ALLIGATOR ENERGY 0.111111111111 0.01 6M 6.6M
TNO TANDO RESOURCES 0.08125 0.173 2M 26.6M

GOING DOWN

Crypto and blockchain consultant DigitalX (ASX:DCC) is starting a crypto TV venture with  Coincast Media that will broadcast crypto news — but investors were more focused on the falling price of bitcoin.

DigitalX owned 470 bitcoins at the time of its last quarterly cashflow statement (then worth about $US3.3 million) and its stock price tends to track the rises and falls of the cryptocurrency.

After a run up to almost $US8300 bitcoin dropped 5 per cent overnight.

DCC shares were down 9 per cent to 14.5c in early Friday trade.

On Friday DigitalX told investors its Coincast Media venture would launch a weekly blockchain news show on Sky News, which will also be available via Apple TV and The Wall Street Journal.

DigitalX owns half Coincast and says the operation has generated revenue of $300,000 so far.

Here are the worst performing ASX small cap stocks at 12.15pm Friday, July 27:

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ASX code Company Today's price change (12.15pm) Price (12.15pm) Volume Market Cap
VAR VARISCAN MINES -0.333333333333 0.002 217k 3.7M
VTI VISIONEERING -0.269230769231 0.19 70k 51.2M
EXO ENNOX GROUP -0.2 0.008 305k 5.7M
CGM COUGAR METALS -0.2 0.004 247k 4.7M
DW8 DAWINE -0.166666666667 0.005 781k 3.5M
PXX POLARX -0.153846153846 0.11 210k 34.2M
PCL PANCONTINENTAL -0.142857142857 0.006 101k 34.2M
COY COPPERMOLY -0.125 0.007 247k 11.0M
DCC DIGITALX -0.125 0.14 884k 78.1M
QFY QUANTIFY TECH -0.115384615385 0.023 256k 14.3M
IOR INDIORE -0.111111111111 0.12 17k 30.5M
FPL FREMONT PETROL -0.1 0.009 50k 6.9M
VAL VALOR RESOURCES -0.0909090909091 0.01 595k 16.2M
MZN MARINDI METALS -0.0909090909091 0.01 326k 19.6M
RIE RIEDEL RESOURCES -0.0888888888889 0.041 14k 18.8M
PEK PEAK RESOURCES -0.0857142857143 0.032 98k 28.0M
RIM RIMFIRE PAC MNG -0.0833333333333 0.011 1M 11.3M
RHT RESONANCE HEALTH -0.0833333333333 0.022 433k 9.7M
ABT ABUNDANT PRODUCE -0.0816326530612 0.225 68k 13.5M
FTC FINTECH CHAIN -0.08 0.115 8k 81.3M
ANR ANATARA LIFE -0.0779220779221 0.71 8k 38.0M
NCR NUCOAL RESOURCES -0.0769230769231 0.012 100k 10.0M
IPT IMPACT MINERALS -0.0769230769231 0.012 4M 17.2M
ECT ENVIRONMENTAL -0.0769230769231 0.012 1M 62.4M
CVS CERVANTES CORP -0.0769230769231 0.012 80k 6.4M
M7T MACH7 TECH -0.0731707317073 0.19 3k 27.0M
PEX PEEL MINING -0.0727272727273 0.51 5k 101.2M
A3D AURORA LABS -0.0721649484536 0.45 105k 31.8M
RLC REEDY LAGOON -0.0714285714286 0.013 187k 5.6M
CFO CFOAM -0.0697674418605 0.2 159k 25.0M