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 Code Name Last price Percentage change Market cap Volume
AYR Alloy Resources Ltd 0.003 50% $3,200,000 3.7M
AWV Anova Metals Ltd 0.015 36% $8,300,000 25.3M
SRK Strike Resources Ltd/Australia 0.06 33% $8,100,000 891.5k
FYI FYI Resources Ltd 0.07 27% $13,800,000 564.5k
YOW Yowie Group Ltd 0.09 27% $19,200,000 4.3M
ALT Analytica Ltd 0.005 25% $16,700,000 120.0k
AUL Austar Gold Ltd 0.005 25% $17,000,000 1.4M
ICG Inca Minerals Ltd 0.005 25% $14,900,000 1.1M
KLH Kalia Ltd 0.005 25% $12,600,000 700.0k
TMX Terrain Minerals Ltd 0.005 25% $2,600,000 23.0k
UWL Uniti Wireless Ltd 0.21 20% $21,100,000 250.9k
IVR Investigator Resources Ltd 0.013 18% $9,600,000 2.3M
ICQ iCar Asia Ltd 0.17 18% $57,700,000 767.5k
KMT Kopore Metals Ltd 0.014 17% $7,600,000 960.0k
EM2 Eagle Mountain Mining Ltd 0.15 15% $13,900,000 75.0k
DDT DataDot Technology Ltd 0.008 14% $6,500,000 5.9M
KEY Key Petroleum Ltd 0.008 14% $11,300,000 1.2M
YBR Yellow Brick Road Holdings Ltd 0.07 14% $18,700,000 38.7k
ID8 Identitii Ltd 0.41 14% $22,600,000 227.1k
AHK ARK Mines Ltd 0.017 13% $869,000 50.0k

 

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:

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ASX Code Name Last price Percentage change Market cap Volume
RMP Red Emperor Resources NL 0.022 -78% $12,100,000 123.2M
88E 88 Energy Ltd 0.015 -40% $95,000,000 141.7M
GLN Galan Lithium Ltd 0.29 -29% $35,400,000 2.9M
PNN PepinNini Lithium Ltd 0.003 -25% $2,500,000 198.0k
AO1 AssetOwl Ltd 0.007 -22% $626,000 500
REF Reverse Corp Ltd 0.02 -20% $1,900,000 557.5k
ROG Red Sky Energy Ltd 0.002 -20% $1,600,000 17.6k
WCN White Cliff Minerals Ltd 0.005 -17% $1,600,000 5.7M
FHS Freehill Mining Ltd 0.021 -17% $16,900,000 2.1M
IP1 Integrated Payment Technologie 0.03 -17% $3,900,000 178.4k
BNR Bulletin Resources Ltd 0.02 -16% $3,800,000 45.2k
SPT Splitit Payments Ltd 1.37 -15% $380,100,000 11.6M
ZIP ZipTel Ltd 0.011 -15% $1,600,000 900.0k
HOR Horseshoe Metals Ltd 0.011 -15% $2,100,000 90.0k
NAE New Age Exploration Ltd 0.006 -14% $5,300,000 611.4k
ETE Entek Energy Ltd 0.012 -14% $3,700,000 5.9M
AEE Aura Energy Ltd 0.012 -14% $13,400,000 1.4M
AAJ Aruma Resources Ltd 0.006 -14% $3,600,000 620.0k
IVX Invion Ltd 0.013 -13% $71,500,000 528.5k
CM8 Crowd Media Holdings Ltd 0.013 -13% $3,000,000 1.3M
LSA Lachlan Star 0.01 -11% $6,000,000 2.2M