Here are the key ASX small cap winners and losers at lunch Monday October 15:

The ASX Small Ords was down 1.2 per cent or 32 points to 2,659.70 by 12.40pm AEST.


HIV fighter Biotron (ASX:BIT) is now a $100 million company after the stock continued to soar today — continuing its stellar run over the past few weeks.

Biotron is a now a ten-bagger — and then some — after two weeks ago announcing positive trial results for its HIV treatment.

Biotron later confirmed to Stockhead it was on the hunt for a funding partner to move to the next stage of testing.

At the time, the stock jumped 750 per cent to 18c before profit-taking saw it halve to 8c.

Since then it’s almost tripled to 22.5c — today marching past $100 million market cap with another 30 per cent gain after winning a $1 million R&D tax refund.

Here’s the share price over the past few weeks:

Biotron shares (ASX:BIT) have gained more than 1000 per cent in the past few weeks.
Biotron shares (ASX:BIT) have gained more than 1000 per cent in the past few weeks.

Orbital (ASX:OEC) zoomed ahead 18 per cent to 55c after signing a deal with a Boeing subsidiary for its propulsion systems for drones.

The shares have traded between 32c and 57c over the past year.

Orbital says an expanded long term agreement with Insitu has a potential value between $120 million and $350 million over five years.

The full value depends on confidential Insitu customer contracts and volumes.

Orbital last month reported improved full-year results including a $2.2 million profit from $21 million revenue.

Oil explorer Carnarvon (ASX:CVN) moved up 8 per cent to an intraday high of 42c after finding neighbouring prospects to its now-famous Dorado oil discovery could hold more than  928 million barrels of oil and gas.

Carnarvon made headlines in July and August when its aptly-named Dorado-1 well hit oil and condensates — gas so heavy it’s liquid — in a new kind of sandstone reservoir.

The existing reservoir holds a resource of 171 million barrels of gross contingent oil. Contingent resources are known, potentially recoverable volumes with a development plan that is not yet commercial.

The new targets announced today are in a permit zone known as “Arith” — and one in particular, Roc South, holds the most potential, with Carnarvon putting the probability of success at 63 per cent.

Shares in gold explorer Stonewall Resources (ASX:SWJ) leapt higher after initial studies indicated its open pit “Theta” gold project in South Africa could be a cash cow.

Stonewall shares — which have traded between 0.7c and 2.1c over the past year — jumped 25 per cent in Monday morning trade to 1c.

Stonewall believes it can produce 67,000 ounces a year for over seven years at a very low cost of $800 per ounce.

Most mines of this size produce at an AISC of well above $1000/oz.

Here are the best performing ASX small cap stocks at 12.15pm Monday October 15:

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ASX code Company Price change today Price (12.30pm) Volume Market Cap
LKO LAKES OIL NL 1 0.002 5M 30.3M
IOT IOT GROUP 1 0.002 30M 1.5M
ROG RED SKY ENERGY L 0.5 0.003 420k 2.1M
NIU NIUMINCO GROUP L 0.5 0.003 10M 6.8M
MRD MOUNT RIDLEY MIN 0.5 0.003 115k 3.0M
MOX MONAX MINING 0.5 0.003 2M 1.8M
PWN PARKWAY MINERALS 0.4 0.007 30k 3.0M
SUR SUN RESOURCES NL 0.333333333333 0.004 2k 2.3M
OEX OILEX 0.333333333333 0.004 1M 6.8M
LCY LEGACY IRON ORE 0.333333333333 0.004 13k 4.4M
BIT BIOTRON 0.282352941176 0.218 77M 85.6M
TAS TASMAN RESOURCES 0.269230769231 0.099 6M 38.5M
TOM TOMIZONE 0.25 0.01 21k 3.4M
SUD SUDA PHARMACEUTI 0.25 0.005 2M 10.3M
JPR JUPITER ENERGY L 0.219512195122 0.05 9k 6.3M
BUY BOUNTY OIL & GAS 0.2 0.006 270k 4.8M
ABX AUSTRALIAN BAUXI 0.2 0.12 150k 14.6M
TZL TZ 0.1875 0.19 9k 11.3M
CAE CANNINDAH RESOUR 0.1875 0.038 230k 5.0M
OEC ORBITAL CORP 0.182795698925 0.55 15k 36.0M
PDI PREDICTIVE DISCO 0.181818181818 0.013 119k 2.6M
DRK DRAKE RESOURCES 0.166666666667 0.014 1M 3.8M
CXZ CONNEXION MEDIA 0.166666666667 0.007 370 5.1M
HZR HAZER GROUP 0.161290322581 0.36 497k 27.5M
STX STRIKE ENERGY 0.16 0.145 1M 140.4M
MAU MAGNETIC RESOURC 0.16 0.145 20k 23.9M
RVA REVA MEDICAL-CDI 0.142857142857 0.24 36k 87.1M
PNN PEPINNINI LITHIU 0.142857142857 0.008 186k 4.5M
LMG LATROBE MAGNESIU 0.142857142857 0.008 680k 8.8M
VRX VENTNOR RESOURCE 0.142857142857 0.16 891k 51.1M
UCM USCOM 0.142857142857 0.16 26k 19.2M
RAC RACE ONCOLOGY 0.130434782609 0.13 55k 8.9M
SWJ STONEWALL RESOUR 0.125 0.009 50k 25.3M


Otto Energy (ASX:OEL) sank nearly 30 per cent today after it bombed on its second well in a week.

The company told investors this morning it was unable to find sufficient hydrocarbons in its initial exploration well at the “Big Tex” prospect in the Gulf of Mexico to justify bringing the well into production.

The news sent shares down to an intra-day low of 5.9c. They recovered slightly to 6.2c by midday AEST.

Last Thursday, Otto said a well at its Bivouac Peak East prospect was also “non-commercial”.

The Bivouac Peak East prospect is part of a joint venture with Byron Energy (ASX:BYE).

“The Otto team is obviously disappointed with the results of the two wells this past week, but we have immediately turned our attention to the next well in the Hilcorp program as part of our portfolio approach to exploration,” managing director Matthew Allen said.

Here are the worst performing ASX small cap stocks at 12.15pm Monday October 15:

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ASX code Company Price change today Price (12.30pm) Volume Market Cap
S3R SERPENTINE TECHN -0.333333333333 0.002 250k 2.2M
OEL OTTO ENERGY -0.253012048193 0.062 13M 155.3M
FHS FREEHILL MINING -0.25 0.018 168k 9.8M
MNC METMINCO -0.25 0.003 905k 3.7M
BAS BASS OIL -0.25 0.003 3M 10.4M
CVT COVATA -0.238095238095 0.016 1M 16.1M
MHJ MICHAEL HILL INT -0.236263736264 0.695 17k 352.6M
AAP AUSTRALIAN AGRIC -0.230769230769 0.02 100k 4.0M
IBX IMAGION BIOSYSTE -0.2 0.04 1k 11.8M
TYK TYCHEAN RESOURCE -0.2 0.004 10k 2.9M
RNX RENEGADE EXPLORA -0.2 0.004 567k 3.6M
EGY ENERGY TECHNOLOG -0.2 0.004 420k 1.7M
CMD CASSIUS MINING L -0.2 0.024 14k 7.8M
VAL VALOR RESOURCES -0.166666666667 0.005 3M 11.4M
PMY PACIFICO MINERAL -0.166666666667 0.005 819k 7.6M
IVO INVIGOR GROUP -0.166666666667 0.005 950k 9.0M
ELT ELEMENTOS -0.166666666667 0.005 3M 8.0M
AOA AUSMON RESOURCES -0.166666666667 0.005 185k 3.1M
AIY AUTHORISED INVES -0.16 0.021 84k 9.4M
AIV ACTIVEX -0.15 0.17 10k 35.4M
TAU TRUSTEES AUSTRAL -0.148936170213 0.2 53k 32.0M
PGI PANTERRA GOLD -0.142857142857 0.03 1k 4.5M
SI6 SIX SIGMA METALS -0.142857142857 0.006 2M 3.2M
DTM DART MINING NL -0.142857142857 0.006 123k 6.0M
CHK COHIBA MINERALS -0.142857142857 0.006 109k 3.9M
ADV ARDIDEN -0.142857142857 0.006 690k 11.7M
MPX MUSTERA PROPERTY -0.138888888889 0.31 22k 35.6M
FGO FLAMINGO AI -0.130434782609 0.02 16M 25.8M
CTM CENTAURUS METALS -0.125 0.007 1M 18.4M
CCJ COUNTY INTERNATI -0.125 0.007 113k 1.5M
SRI SIPA RESOURCES -0.111111111111 0.008 120k 10.8M
RBR RBR GROUP -0.111111111111 0.008 20k 6.3M
CDT CASTLE MINERALS -0.111111111111 0.008 1M 2.0M