Here are the key ASX small cap winners and losers at lunch Friday September 21:

The ASX Small Ords was up 18 points or 0.6 per cent to 2,831.9 at 12.40pm AEST.

GOING UP

Australia’s newest pot stock Althea (ASX:AGH) enjoyed a stellar debut on the ASX today, tripling its 20c issue price.

The stock listed at 60c at 11am AEST today with $4.5 million worth of shares changing hands by 12.40pm AEST. The stock cooled slightly to 57.5c by 1pm.

Althea raised $19.6 million in what was a genuinely over-subscribed initial public offering.

The timing could not have been better with strong momentum around cannabis stocks in the US — and will likely give the local cannabis sector a boost.

Decimal Software (ASX:DSX) rose 75 per cent to 1.4c this morning after it released an announcement yesterday evening that it would be bought out by Sargon Capital.

Sargon will acquire all of Decimal’s issued shares for 1.41c, hence the big rise.

Decimal chairman Mark Potts said the board unanimously recommended shareholders vote in favour of the scheme.

Though it has no news out today, shares in Rawson Oil & Gas (ASX:RAW) rocketed 31 per cent to an intraday high of 3.4c.

There has been plenty of interest in Rawson of late however as it prepares for a takeover from Lakes Oil (ASX:LKO).

Lakes will find out next week if it has beaten Victoria’s ban on gas exploration.

Avita Medical (ASX:AVH) shares rose rose 28 per cent to an intraday high of 11.5c, the stock’s highest point in nearly two years, after it received FDA approval to sell its spray-on skin to burns victims.

Avita is working to commercialise a technology called RECELL, which helps skin growth after burns or chronic wounds and reduces the amount of skin harvested during surgery.

$169 million worth of shares traded hands in Global Traffic Network (ASX:GTN) after it announced that GTCR Gridlock sold all of its 89 million shares in the company.

It was the most active stock this morning, and it sent the share price up 2pc to $1.95, up from yesterday’s close of $1.91.

Here are the best performing ASX small cap stocks at 12.15pm Friday 21 September:

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ASX code Company Price change today (12pm) Price (12pm) Volume Market Cap
DSX DECIMAL SOFTWARE 0.63 1.3c 2M 2.5M
XPE XPED 0.5 0.3c 2M 3.8M
VAR VARISCAN MINES L 0.5 0.3c 250k 2.5M
MRD MOUNT RIDLEY MIN 0.5 0.3c 5M 3.8M
MOX MONAX MINING 0.5 0.3c 38k 1.8M
EUZ EUROPA METALS 0.5 0.3c 3M 11.2M
DHR DARK HORSE RESOU 0.38 1.1c 3M 15.4M
RAW RAWSON OIL AND G 0.31 3.4c 150k 2.9M
DDD 3D RESOURCES 0.25 0.5c 10k 4.0M
CTM CENTAURUS METALS 0.25 1c 11M 18.4M
CAG CAPE RANGE 0.25 $1.25 772k 83.7M
AUL AUSTAR GOLD 0.25 0.5c 1M 8.5M
KRC KING RIVER COPPE 0.24 6.2c 33M 61.9M
MAU MAGNETIC RESOURC 0.23 19c 9k 28.7M
TKL TRAKA RESOURCES 0.21 3.5c 232k 9.6M
GBP GLOBAL PETROLEUM 0.2 5.3c 553k 8.9M
ZMI ZINC OF IRELAND 0.2 0.6c 6M 10.7M
SUD SUDA PHARMACEUTI 0.2 0.6c 18M 12.9M
SDL SUNDANCE RESOURC 0.2 0.6c 5M 45.7M
BLY BOART LONGYEAR L 0.2 0.6c 16M 131.4M
ADN ANDROMEDA METALS 0.2 0.6c 2M 5.4M
MYQ MYFIZIQ 0.18 29c 35k 20.2M
WLF WOLF MINERALS 0.18 4c 500 37.1M
RHY RHYTHM BIOSCIENC 0.17 17c 114k 14.6M
TNR TORIAN RESOURCES 0.17 4.2c 10k 7.4M
ITD ITL HEALTH GROUP 0.17 17.5c 40k 12.8M
IAM INTIGER GROUP 0.17 1.4c 184k 17.7M
AZI ALTA ZINC 0.17 0,7c 100k 8.2M
MOB MOBILICOM 0.16 8.1c 107k 15.2M
RDN RAIDEN RESOURCES 0.15 1.5c 46k 5.3M

 

GOING DOWN

Meteoric Resources (ASX:MEI) fell 40 per cent to an intraday low of 1.5c after maiden drill results at its Mulligan project in Canada indicated “the system lacks the geological scale and metal grades to host sufficient polymetallic mineralisation to support modern day mining techniques”.

Here are the worst performing ASX small cap stocks at 12.15pm Friday 21 September:

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ASX code Company Price change today (12pm) Price (12pm) Volume Market Cap
MEI METEORIC RESOURC -0.38 1.6c 4M 14.9M
IBX IMAGION BIOSYSTE -0.32 5c 10k 15.9M
AO1 ASSETOWL -0.28 2.9c 20k 3.6M
SUR SUN RESOURCES NL -0.25 0.3c 789k 2.6M
HCO HYLEA METALS -0.25 0.3c 3M 11.2M
EPM ECLIPSE METALS L -0.25 0.3c 476k 4.6M
AVW AVIRA RESOURCES -0.25 0.3c 20M 4.0M
ICG INCA MINERALS -0.2 0.4c 127k 13.9M
EXO ENNOX GROUP -0.17 0.5c 2M 10.6M
AVD ANTILLES OIL AND -0.17 3c 132k 4.9M
REF REVERSE CORP -0.17 2.5c 128k 2.8M
HCT HOLISTA COLLTECH -0.16 7.1c 53k 19.6M
ODA ORCODA -0.16 16c 899 17.0M
SMD SYNDICATED METAL -0.14 0.6c 4k 4.4M
NAE NEW AGE EXPLORAT -0.14 0.6c 2M 5.0M
MRV MORETON RESOURCE -0.14 0.6c 5M 19.5M
DTM DART MINING NL -0.14 0.6c 950k 6.0M
CTO CITIGOLD CORP -0.14 0.6c 863k 15.0M
KP2 KORE POTASH-CDI -0.14 6.7c 32k 67.0M
PDI PREDICTIVE DISCO -0.13 1.3c 582k 3.5M
ELX ELLEX MEDICAL LA -0.13 72c 312k 118.5M
CZN CORAZON MINING L -0.13 0.7c 590k 10.1M
HWK HAWKSTONE MINING -0.12 2.2c 7M 14.3M
TTL TRANSCENDENCE TE -0.12 1.5c 215k 3.0M
BMG BMG RESOURCES -0.11 0.8c 13k 3.5M
AVQ AXIOM MINING -0.11 12.5c 2M 60.3M
HIP HIPO RESOURCES L -0.11 1.7c 460k 7.3M
KAS KASBAH RESOURCES -0.1 0.9c 4M 10.5M
AWV ANOVA METALS -0.1 1.8c 460k 12.6M
IDT IDT AUSTRALIA -0.1 14c 35k 37.9M