Oh dear. Desperate Housewives star Felicity Huffman is facing five years in prison after being arrested as part of a bribery scam in which celebrities, CEOs, lawyers and other high-net worth individuals paid huge sums of money to get their kids into the US’ most prestigious universities.

It’s a world away from the key ASX small cap winners at lunch Wednesday March 13, who would never think of doing such a thing.
The ASX Small Ords was up 1.6 points or 0.06 per cent to 2,768.3 at 12pm AEST.

GOING UP

Choccie maker Yowie (ASX:YOW) was one of the big gainers, up 27 per cent to 9c, but that was due to an investor lobbing a takeover deal for the company.

Keybridge Capital (ASX:KBC) has offered Yowie’s owners $20 million, seemingly having become fed up with waiting for the brand to become a renewed hit after it took a 20 per cent stake last year.

Strike Resources (ASX:SRK) rose 33 per cent to 6c this morning after it acquired a 90 per cent interest in the “highly prospective” Solaroz Lithium Brine Project, supposedly within South America’s ‘Lithium Triangle’ in north-west Argentina.

It is targeting a fast-track exploration program to test geological model for production of lithium carbonate from brine extracted from bore fields.

FYI Resources (ASX:FYI) has produced alumina of 99.999 per cent purity, which pushed shares up 27 per cent to 7c.

“Not only is it an incredible outcome to attain this level of purity, it also has a potentially profound impact on the overall project economics,” managing director Roland Hill commented.

Here are the best performing ASX small cap stocks at 12.30pm, Wednesday, March 13:

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ASX CodeNameLast pricePercentage changeMarket capVolume
AYR Alloy Resources Ltd0.00350%$3,200,0003.7M
AWV Anova Metals Ltd0.01536%$8,300,00025.3M
SRK Strike Resources Ltd/Australia0.0633%$8,100,000891.5k
FYI FYI Resources Ltd0.0727%$13,800,000564.5k
YOW Yowie Group Ltd0.0927%$19,200,0004.3M
ALT Analytica Ltd0.00525%$16,700,000120.0k
AUL Austar Gold Ltd0.00525%$17,000,0001.4M
ICG Inca Minerals Ltd0.00525%$14,900,0001.1M
KLH Kalia Ltd0.00525%$12,600,000700.0k
TMX Terrain Minerals Ltd0.00525%$2,600,00023.0k
UWL Uniti Wireless Ltd0.2120%$21,100,000250.9k
IVR Investigator Resources Ltd0.01318%$9,600,0002.3M
ICQ iCar Asia Ltd0.1718%$57,700,000767.5k
KMT Kopore Metals Ltd0.01417%$7,600,000960.0k
EM2 Eagle Mountain Mining Ltd0.1515%$13,900,00075.0k
DDT DataDot Technology Ltd0.00814%$6,500,0005.9M
KEY Key Petroleum Ltd0.00814%$11,300,0001.2M
YBR Yellow Brick Road Holdings Ltd0.0714%$18,700,00038.7k
ID8 Identitii Ltd0.4114%$22,600,000227.1k
AHK ARK Mines Ltd0.01713%$869,00050.0k

 

GOING DOWN

Unfortunately, after last week’s excitement surrounding Alaskan oil driller 88 Energy’s (ASX:88E) Winx-1 well saw share prices in it and its co-owners bouncing to new highs, it has coming crashing down today.

Provisional results indicate there is not much oil in a section of the geology, the Nanushuk Topsets, which they’d suspected had the most potential; read the full account here.

88 Energy, the operator, dropped as much as 48 per cent to 1.3c.

Co-owner Red Emperor Resources (ASX:RMP) suffered the most with an 82 per cent plunge to 1.8c.

And Otto Energy (ASX:OEL), which told Stockhead last week Winx was a legacy asset and not core to their portfolio, was still punished by 17 per cent to touch a low of 5.4c.

Here are the worst performing ASX small cap stocks at 12.30pm, Wednesday, March 13:

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

ASX CodeNameLast pricePercentage changeMarket capVolume
RMP Red Emperor Resources NL0.022-78%$12,100,000123.2M
88E 88 Energy Ltd0.015-40%$95,000,000141.7M
GLN Galan Lithium Ltd0.29-29%$35,400,0002.9M
PNN PepinNini Lithium Ltd0.003-25%$2,500,000198.0k
AO1 AssetOwl Ltd0.007-22%$626,000500
REF Reverse Corp Ltd0.02-20%$1,900,000557.5k
ROG Red Sky Energy Ltd0.002-20%$1,600,00017.6k
WCN White Cliff Minerals Ltd0.005-17%$1,600,0005.7M
FHS Freehill Mining Ltd0.021-17%$16,900,0002.1M
IP1 Integrated Payment Technologie0.03-17%$3,900,000178.4k
BNR Bulletin Resources Ltd0.02-16%$3,800,00045.2k
SPT Splitit Payments Ltd1.37-15%$380,100,00011.6M
ZIP ZipTel Ltd0.011-15%$1,600,000900.0k
HOR Horseshoe Metals Ltd0.011-15%$2,100,00090.0k
NAE New Age Exploration Ltd0.006-14%$5,300,000611.4k
ETE Entek Energy Ltd0.012-14%$3,700,0005.9M
AEE Aura Energy Ltd0.012-14%$13,400,0001.4M
AAJ Aruma Resources Ltd0.006-14%$3,600,000620.0k
IVX Invion Ltd0.013-13%$71,500,000528.5k
CM8 Crowd Media Holdings Ltd0.013-13%$3,000,0001.3M
LSA Lachlan Star 0.01-11%$6,000,0002.2M