The ASX Small Ords (XSO) – a benchmark for Australian small caps — was up 8 points or 0.32 per cent to 2,512.8 at 12.30pm AEST, continuing its pretty positive start to 2019.

Here’s a chart of XSO performance over the past month:

 

Here are the key ASX small cap winners and losers at lunch on Tuesday January 15:

 

GOING UP

Junior explorer GWR Group (ASX:GWR) has hit high grade, shallow gold at its advanced Wiluna West project in Western Australia, sending its share price up almost 23 per cent in early trade.

Recent drilling at Golden Monarch, Emu and Eagle deposits at its 254,000 ounce Wiluna West project has returned shallow, very high grades of up to 72 grams per tonne of gold.

Which is great for GWR, because it recently inked a joint venture deal with neighbour and established gold producer Blackham Resources (ASX:BLK) over the development, mining and processing of gold from Wiluna West.

Copper and zinc play Koppar Resources was up almost 24 per cent to 18.5c, and gold explorer Austar (ASX:AUL) got a 25 per cent bump – both on no news.

Here are the best performing ASX small cap stocks at 12.15pm Monday January 14:

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ASX Code Name Intraday Price Change Price 12:15pm (EST) Volume Market Cap
LRS Latin Resources 50.00% 0.003 2,470,000 $5.67M
DTR Dateline Resources 50.00% 0.003 200,000 $1.45M
PWN Parkway Minerals 25.00% 0.005 1,958,174 $2.38M
PMY Pacifico Minerals 25.00% 0.005 1,250,000 $6.59M
CDT Castle Minerals 25.00% 0.010 34,413 $1.79M
AUL Austar Gold 25.00% 0.005 1,000,000 $13.60M
KRX Koppar Resources 23.33% 0.185 1,794 $3.69M
FNT Frontier Resources 22.22% 0.011 8,365 $4.40M
AAJ Aruma Resources 20.00% 0.006 242,105 $2.61M
WBE Whitebark Energy 20.00% 0.006 2,331,250 $7.87M

 

GOING DOWN

Doesn’t appear Musgrave Minerals (ASX:MGV) investors were impressed with the explorers latest drilling results, sending the stock down 17 per cent to 9.5c by midday.

Brazilian gold explorer BBX Minerals (ASX:BBX) also dipped 13 per cent on no news.

 

Here are the worst performing ASX small cap stocks at 12.15pm Monday January 14:

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ASX Code Name Intraday Price Change Price 12:15pm (EST) Volume Market Cap
BAS Bass Oil -33.33% 0.002 810,100 $7.82M
DMG Dragon Mountain Gold -27.78% 0.013 1,757 $4.74M
MGV Musgrave Minerals -17.39% 0.095 3,893,126 $44.50M
DW8 Digital Wine Ventures -16.67% 0.005 195,000 $3.32M
RIM Rimfire Pacific Mining -16.67% 0.005 638,985 $6.42M
TTB Total Brain -15.15% 0.028 135,412 $17.50M
FIN Fin Resources -14.29% 0.012 11,125 $3.94M
PPL Pureprofile -14.29% 0.060 150,000 $8.23M
IVQ Invitrocue -12.79% 0.075 13,200 $44.20M
BBX BBX Minerals -13.89% 0.155 67,618 $72.80M