Lunchtime ASX small cap wrap: who's grinning so far today

Here are the top ASX small cap gainers and losers at Wednesday lunch.

The ASX small ordinaries index was up 12 points, or 0.4% to 2875 at 12.30pm AEST.

MOST TRADED

Most traders were dealing with their Telstra (ASX:TLS) shares this morning after the telco announce job cuts, sending the stock down 5 per cent. It’s the most heavily traded ASX stock so far today.

In small cap land, gamer eSPorts Mogul (ESH) continued to be heavily traded today following its announcement on Monday to raise $4.4 million to professional investors at 1.8c.

The stock touched at an all-time high of high of 2.7c today, up 12 per cent.

Atlas Iron shares (ASX:AGO) also continued to change hands as the Gina Rinehart bidding process plays out, despite Atlas again telling shareholders today to take no action on the offer for the time being.

Graphite play Metals Australia (ASX:MLS) was also heavily traded after signing a deal with Chinese-based Weihai Nanhai Carbon to help develop its Lac Rainy project.

The deal “represents a significant milestone for the company and demonstrates the growing global demand for high-grade graphite concentrate,” said Metals Australia director Gino D’Anna.

“Securing a significant partner like the Nanhai Group will also provide the company with future direction on its feasibility studies beyond graphite concentrate production, as we look to maximise value and minimise market risk through the investigation of downstream processing opportunities with an experienced technical and potential financial cornerstone partner.”

The shares were steady at 11.45am AEST.

GOING UP

MedAdvisor (ASX:MDR) jumped 25 per cent to 5c this morning after announcing a move into the United States via a a marketing and licensing deal with a US pharmacy dispensing software maker, PDX Inc.

MedAdvisor markets an app that tracks medications and scripts for patients and connects to doctors and pharmacists without the hassle of juggling paper scripts.

PDX services 10,000 US pharmacies or about 15 per cent of the market, MedAdvisor said.

The deal would allow pharmacies using PDX software access to MedAdvisor’s app, allowing ordering through the app.

The stock was trading at 4.8c just before midday.

Real estate agent McGrath (ASX:MEA) soared 18 per cent to 40c this morning after property developer Aqualand Group made a $10.7 million strategic investment in the struggling group.

Aqualand is buying in at 42.5c a share.

Aqualand — which owns 18 sites worth $5 billion — will become the second largest shareholder of McGrath with a 15 per cent stake.

McGrath shares are still well below its 12-month high of 81c.

The ASX-listed real estate agency earlier this year cleaned out its board of directors and replaced the CEO, following a slide in earnings, a drop in listings and the departure of some high performing agents.

Wastewater treatment company SciDev (ASX:SDV) was higher after a positive market update yesteday.

“Current year to date sales are tracking at around 10 per cent above those achieved in the prior financial year,” the company told investors.

“This has been driven by on-going sales to existing customers and new customer acquisitions, principally in the mining sector. It is expected that sales will continue to further increase during the 2018-19 financial year.”

Here are the ten best performing and ten worst performing small cap stocks at 12.45pm AEST Tuesday:

ASX Code	Name	% CHANGE	Price Wed 12.15pm AEST	Volume
T3D	333D	50%	0.3c	35,000
THD	Thred	33%	0.4c	485,010
EXO	Ennox Group	33%	0.4c	500,000
SRO	Shareroot	25%	0.5c	676,699
TZL	TZ Ltd	23%	19c	27,963
MDR	Medadvisor	20%	4.8c	3,024,950
TTL	Transcendence Tech	20%	2.4c	1,287,371
RCP	Redbank Copper	19%	2.5c	53,217
MEA	McGrath	18%	40c	616,909
SDV	Scidev	17%	0.7c	1,700,000

WOF	Wolf Petroleum	-29%	1c	395,000
CA8	CoAssets	-27%	16c	207,109
SDL	Sundance Resources	-25%	0.3c	2,169,396
PPY	Papyrus	-25%	0.6c	136,483
TKF	Tikforce	-25%	0.3c	200,000
EER	East Energy Resources	-25%	0.3c	33,800
RD1	Registry Direct	-22%	2.8c	25,000
NGY	Nuenergy Gas	-21%	3.3c	21,950
PCL	Pancontinental Oil & Gas	-20%	0.4c	5,685,555
EMH	Eurpoean Metals	-20%	26.5c	135,001