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Here are the key ASX small cap winners and losers at lunch Thursday Nov 1:

The ASX Small ords index was up 0.9 per cent or 24 points to 2609.6 at 1pm AEST

GOING UP

Cancer biotech Race Oncology (ASX:RAC) more than doubled today after starting the hunt for a “sale, licence, partnership, collaborative venture or other arrangement” for its drug Bisantrene.

Race’s shares shot up 123 per cent to an intraday high of 23.5c.

That’s good news for shareholders who’ve watched the share price steadily decline from around 50c at the start of the year

Race has signed up New York-based Biosynergy Partners, owned by one of Race’s directors, to look for deals for the drug.

Bisantrene is a chemotherapy drug that was tested in more than 40 clinical studies before it was “lost” in a series of pharmaceutical mergers in the 1990s.

Musgrave Minerals ASX:MGV) continued to make ground after reporting high-grade gold discoveries at its flagship project in Western Australia last week.

The stock hit a 12-month high of 10c today — alnost doubling its price in little more than two weeks (see graph below).

Last week Musgrave boss Rob Waugh said the company’s Lake Austin North project was “is proving to be a large, well-mineralised system and the current diamond drilling program will aim to further outline the size and grade of this new and exciting gold discovery”.

Musgrave Minerals shares (ASX:MGV) over the past three months
Musgrave Minerals shares (ASX:MGV) over the past three months

Pancontinental Oil and Gas (ASX: PCL) gained 50 per cent to 0.3c after Raven Energy (ASX: REL) signed a binding deal to buy its Bombora Natural Energy subsidiary.

Bombora in particular holds a 10 per cent interest in the Dempsey gas project in California’s Sacramento Basin.

CFOAM (ASX:CFO) moved ahead after telling investors yesterday that “promising sales momentum over the latter part of the September quarter has continued into October”.

The stock was up 21 per cent to 17c in early Thursday trade.

“The company is on track to achieve a new record of quarterly cash receipts in the December quarter,” the company said.

CFOAM makes super-strength, fire-resistant carbon foam products for the aerospace, energy and defence sectors.

Here are the best performing ASX small cap stocks at 12.30pm Thursday, Nov 1: 

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

ASX codeCompanyPrice change today (12.30pm)Price (12.30pm)VolumeMarket Cap
BDIBLINA MINERALS N10.00212M4.3M
APGAUSTPAC RES10.00213M2.0M
RACRACE ONCOLOGY0.9047619047620.22M8.1M
WGLWANGLE TECHNOLOG0.50.0033M5.2M
THDTHRED0.50.0034M4.5M
PCLPANCONTINENTAL0.50.0038M13.5M
XSTXSTATE RESOURCES0.3333333333330.004189k2.7M
MLSMETALS AUSTRALIA0.3333333333330.004235k7.0M
LNYLANEWAY RESOURCE0.3333333333330.004710k10.6M
GLAGLADIATOR RESOUR0.3333333333330.00452M3.0M
CIOCONNECTED IO0.3333333333330.004560k5.2M
VECVECTOR RESOURCES0.2941176470590.02214M24.0M
SBRSABRE RES0.250.012M3.3M
KNMKNEOMEDIA0.250.02507k10.2M
ICGINCA MINERALS0.250.00521M11.2M
ENBENEABBA GAS0.250.005500k2.6M
CFOCFOAM0.2142857142860.17165k16.3M
SPBSOUTH PACIFIC RE0.20.0062M827.6k
SGQST GEORGE MINING0.1923076923080.155433k38.8M
RESRESOURCE GENERAT0.1818181818180.065384k32.0M
MGVMUSGRAVE MINERAL0.1666666666670.0911M25.5M
KLHKALIA0.1666666666670.0077M15.1M
GTEGREAT WESTERN EX0.1666666666670.007991k5.5M
SE1SENSERA0.1578947368420.111M23.2M
VMLVITAL METALS0.1428571428570.008102k12.2M
CTOCITIGOLD CORP0.1428571428570.008700k15.0M
CTMCENTAURUS METALS0.1428571428570.0081M16.1M
BCBBOWEN COKING COA0.1428571428570.016167k8.0M
ADTADRIATIC MET-CDI0.1401869158880.61528k70.0M
NESNELSON RESOURCES0.1333333333330.17637k6.9M
MGTMAGNETITE MINES0.1250.009925k5.9M
KASKASBAH RESOURCES0.1250.009365k8.4M
GMRGOLDEN RIM RESOU0.1250.0182M7.2M
BIDBIDENERGY0.1224489795920.11695k72.6M
CPHCRESO PHARMA0.1204819277110.465156k48.1M
TOMTOMIZONE0.1111111111110.01200k3.8M
88E88 ENERGY0.1111111111110.023M104.0M
TFLTASFOODS0.1111111111110.1576k27.9M
AC8AUSCANN GROUP HO0.10.77646k216.4M
ECTENVIRONMENTAL CL0.10.011962k48.0M

GOING DOWN

3D mapper Pointerra fell back after surging 120 per cent yesterday on the back of several new customer signings.

Pointerra makes cloud-based technology that manages the huge amounts of data contained in 3D files such as maps. It provides super-detailed mapping datasets without the need for high-performance computing.

One of the unnamed clients was described as “one of North America’s leading mobile mapping companies, which provides production mapping software for the Autonomous Driving industry”.

The stock reached 8.1c yesterday but fell 30 per cent to 5.9c on Thursday morning.

Here are the worst performing ASX small cap stocks at 12.30pm Thursday, Nov 1: 

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

ASX codeCompanyPrice change today (12.30pm)Price (12.30pm)VolumeMarket Cap
AXTARGO EXPLORATION-0.50.0113204.0M
AJCACACIA COAL-0.50.0011M6.1M
CHPDDCHAPMANS-0.40.006120k2.7M
3DPPOINTERRA-0.2976190476190.05954M41.5M
FHSFREEHILL MINING-0.250.015175k9.2M
MNCMETMINCO-0.250.003827k3.7M
GPPGREENPOWER ENERG-0.250.0034M6.3M
LVELOVE GROUP GLOBA-0.2068965517240.115118k6.0M
MILMILLENNIUM SERVI-0.20.4245k24.1M
SI6SIX SIGMA METALS-0.20.00410M2.3M
MSRMANAS RESOURCES-0.20.004250k13.2M
LRSLATIN RESOURCES-0.20.0043M14.1M
GBZGBM RESOURCES-0.20.0041M5.5M
PURPURSUIT MINERALS-0.1836734693880.0440k4.0M
SUDSUDA PHARMACEUTI-0.1666666666670.0058M15.5M
PWNPARKWAY MINERALS-0.1666666666670.005155k3.6M
ALTANALYTICA-0.1666666666670.0054M20.0M
CROCIRRALTO-0.1578947368420.01625k7.4M
AVCAUCTUS ALTERNATI-0.1212121212120.02968k8.6M
MYQMYFIZIQ-0.120.334k31.0M
RMGRMG-0.1176470588240.01536k10.2M
MSGMCS SERVICES-0.1176470588240.01535k3.2M
CCECARNEGIE CLEAN E-0.1111111111110.008764k24.5M
RGSREGENEUS-0.1081081081080.1657k38.6M
SDVSCIDEV-0.10.009714k6.4M
PILPEPPERMINT INNOV-0.10.01825k19.7M
IVRINVESTIGATOR RES-0.10.0093M7.4M
CI1CREDIT INTELLIGE-0.10.018610k16.4M
RVAREVA MEDICAL-CDI-0.10.22560k103.7M
NUHNUHEARA-0.09677419354840.0567M55.3M
SILSMILES INCLUSIVE-0.09638554216870.7593k48.1M
CP1CANNPAL ANIMAL-0.09090909090910.153k15.4M
BSABSA-0.09090909090910.2580k116.5M
WWIWEST WITS MINING-0.09090909090910.013M7.9M
ICNICON ENERGY-0.09090909090910.021M13.1M
DN8DREAMSCAPE NETWO-0.08695652173910.10540k44.7M
BXNBIOXYNE-0.08333333333330.033220k23.0M
GMVG MEDICAL INNHOL-0.080.3454M134.0M
MBKMETAL BANK-0.07692307692310.012250k11.5M
IVXINVION-0.07407407407410.025480k148.3M