Here are the key ASX small cap winners (there aren’t many of them) and losers at lunch Thu Oct 25:

It’s a bloodbath out there this morning with most ASX small caps losing ground — along with everyone else on the ASX — following a wave of selling on Wall Street overnight.

In early trade the ASX200 fell below the the key support level of 5800, hit a 12-month low and wiped the gains of calendar 2018.

The ASX Small Ords — a measure of small cap ASX stocks — was down 2.1 per cent or 57 points to 2584.9 at 11.10am AEST.

There are about 1700 small and micro cap stocks on the ASX with a market cap of less than $400 million.

Of these, only 180 were ahead at 12.30pm AEST today.

About 670 had lost ground and the rest were sitting it out.

GOING DOWN

Compumedics (ASX:CMP) was among the big losers after its much ballyhooed deal to sell its “Somfit” sleep-tracking device into China got derailed.

The stock rocketed 75 per cent to 72c at the time of the announcement — but today was down 18 per cent to 32c.

“Compumedics wishes to advise shareholders that the contract negotiations in relation to its Somfit technology with leading China-based health-check organisation, Meinian Onehealth Healthcare … have stalled due to key issues remaining unresolved,” the group told investors.

Compumedics cited issues concerning intellectual property rights and “conflicts of interest with a third party introduced to the joint venture discussions”.

Elsewhere, Cobalt Blue (ASX:COB) plummeted after it told investors it would miss a deadline to take full ownership of its 70 per cent owned Thackaringa cobalt project.

Cobalt Blue plummeted 30 per cent to 21c by 11.15am AEST on the news. Its joint venture partner Broken Hill Holdings (ASX:BPL) suffered an 8 per cent dip to 4.6c.

A review of the project concluded that test-work, demonstration plants and feasibility studies would take up to two years, Cobalt Blue told investors.

The risk of attempting to fast-track such studies into one year to meet the timetable would “significantly impair the project and pose undesirable risk”.

Cannabis stock Cann Group (ASX:CAN) slumped 11 per cent after telling investors it had signed a three-year research deal extension with CSIRO.

After two months of silence investors were apparently anxious to hear more about progress on Cann’s major building works at its Melbourne Airport project or any other commercial activities — but nothing was forthcoming today.

The stock was down 13 per cent to $2.19 at noon AEST.

Here are the worst performing ASX small cap stocks at 12.30pm Thu Oct 25:

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

ASX code Company Price change today (12.30pm) Price (12.30pm) Volume Market Cap
QGL QUANTUM GRAPHITE -0.333333333333 0.002 1M 22.5M
NWF NEWFIELD RESOURC -0.25 0.105 5k 81.4M
OEX OILEX -0.25 0.003 430k 9.1M
MNC METMINCO -0.25 0.003 203k 3.7M
DDD 3D RESOURCES -0.25 0.003 52k 3.5M
COB COBALT BLUE HOLD -0.233333333333 0.23 114k 34.8M
SHM SHRIRO HOLDINGS -0.219251336898 0.73 196k 88.9M
TRL TANGA RESOURCES -0.2 0.004 310k 6.1M
MRQ MRG METALS -0.2 0.004 2M 3.3M
BXN BIOXYNE -0.184210526316 0.031 30k 24.3M
RHY RHYTHM BIOSCIENC -0.175 0.165 2M 20.2M
RXH REWARDLE HOLDING -0.166666666667 0.005 323k 2.0M
RGL RIVERSGOLD -0.166666666667 0.075 100k 7.5M
PKO PEAKO -0.166666666667 0.01 54k 864.2k
MZN MARINDI METALS L -0.166666666667 0.005 2M 10.7M
DHR DARK HORSE RESOU -0.166666666667 0.005 6M 11.5M
AGH ALTHEA GROUP HOL -0.157303370787 0.375 846k 90.5M
SVA SIMAVITA-CDI -0.153846153846 0.033 57k 16.2M
KGM KALNORTH GOLD MI -0.142857142857 0.006 40k 6.3M
FGF FIRST GROWTH FUN -0.142857142857 0.012 7M 21.8M
EVE EVE INVESTMENTS -0.142857142857 0.006 3M 14.7M
ALT ANALYTICA -0.142857142857 0.006 31M 23.4M
ACB A-CAP RESOURCES -0.14 0.043 24k 43.6M
POZ POZ MINERALS -0.137931034483 0.05 9k 10.4M
SMX SECURITY MATTERS -0.135593220339 0.51 2M 57.5M
AZY ANTIPA MINERALS -0.133333333333 0.013 1M 27.1M
AOU AUROCH MINERALS -0.131313131313 0.086 31k 9.8M
AO1 ASSETOWL -0.130434782609 0.02 160k 2.1M
CMP COMPUMEDICS -0.128205128205 0.34 14k 69.1M
ESE ESENSE-LAB -0.126984126984 0.055 1M 6.3M
VMC VENUS METALS COR -0.125 0.175 75k 17.4M
THX THUNDELARRA -0.125 0.014 640k 10.2M
SUD SUDA PHARMACEUTI -0.125 0.007 63M 20.7M
RIM RIMFIRE PAC MNG -0.125 0.007 1M 7.5M
MTH MITHRIL RESOURCE -0.125 0.007 897k 1.6M
KSS KLEOS SPACE SA -0.125 0.105 380k 12.8M
CAV CARNAVALE RESOUR -0.125 0.007 4k 5.3M
LCT LIVING CELL TECH -0.125 0.042 5M 27.4M
IEQ INTL EQUITIES -0.125 0.035 15k 5.1M
GAS STATE GAS -0.121951219512 0.18 31k 27.6M
CAN CANN GROUP -0.119047619048 2.22 214k 351.8M
TNT TESSERENT -0.118421052632 0.067 130k 10.0M
CXU CAULDRON ENERGY -0.117647058824 0.03 16k 11.2M
ALY ALCHEMY RESOURCE -0.117647058824 0.015 1M 7.5M

GOING UP

Tiny BPH Energy (ASX:BPH) was up 50 per cent to 0.3c after putting aside a scrap with investor MEC Resources and re-focusing on developing new business.

The new business appears to include cannabis — an area that broadly fits with its oil-and-gas-plus-biotech portfolio.

BPH said it was looking at the area, mentioning exports, the UK and the Canadian recreational — which could point where its interests lie though it hasn’t made firm plans yet.

Here are the best performing ASX small cap stocks at 12.30pm Thu Oct 25:

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

ASX code Company Price change today (12.30pm) Price (12.30pm) Volume Market Cap
WGL WANGLE TECHNOLOG 0.5 0.003 1M 4.2M
PCL PANCONTINENTAL 0.5 0.003 1M 13.5M
IKW IKWEZI MINING 0.5 0.003 73k 3.0M
GLA GLADIATOR RESOUR 0.5 0.003 1M 2.0M
BPH BPH ENERGY 0.5 0.003 79M 2.6M
GRV GREENVALE ENERGY 0.5 0.03 113k 1.9M
RNX RENEGADE EXPLORA 0.25 0.005 9M 2.9M
NOR NORWOOD SYSTEMS 0.25 0.005 2M 5.6M
MSE METALSEARCH 0.25 0.01 3M 3.8M
AUH AUSTCHINA HOLDIN 0.25 0.005 2M 4.5M
PMY PACIFICO MINERAL 0.2 0.006 2M 6.8M
FPL FREMONT PETROLEU 0.2 0.006 18M 4.8M
BIT BIOTRON 0.1875 0.19 81M 84.8M
BD1 BARD1 LIFE SCIEN 0.179487179487 0.046 999M 32.3M
WRM WHITE ROCK MINER 0.166666666667 0.007 2M 9.8M
QFY QUANTIFY TECHNOL 0.166666666667 0.014 200k 7.4M
IXU IXUP 0.166666666667 0.175 50k 23.8M
CHK COHIBA MINERALS 0.166666666667 0.007 5M 3.3M
SCL SCHROLE GROUP 0.153846153846 0.015 100k 8.2M
VML VITAL METALS 0.142857142857 0.008 12M 12.2M
ARM AURORA MINERALS 0.136363636364 0.025 21k 2.6M
TAG TAG PACIFIC 0.136363636364 0.075 5k 8.2M
IPB IPB PETROLEUM LI 0.133333333333 0.034 2M 6.0M
SYT SYNTONIC 0.125 0.009 6M 22.2M
SRI SIPA RESOURCES 0.125 0.009 337k 9.6M
PNX PNX METALS 0.125 0.009 4M 12.2M
EM1 EMERGE GAMING 0.125 0.009 1M 4.7M
DLC DELECTA 0.125 0.009 498k 5.2M
SCI SILVER CITY MINE 0.117647058824 0.019 304k 4.2M
FFG FATFISH INTERNET 0.117647058824 0.019 611k 8.8M
RXL ROX RESOURCES 0.111111111111 0.01 4M 11.3M
CMD CASSIUS MINING L 0.111111111111 0.03 24k 7.1M
UBN URBANISE.COM 0.107142857143 0.031 143k 19.1M
HZR HAZER GROUP 0.106060606061 0.365 91k 29.5M
PAR PARADIGM BIOPHAR 0.102739726027 0.805 56k 92.2M
3DP POINTERRA 0.1 0.033 525k 14.8M
HOR HORSESHOES METAL 0.1 0.011 50k 1.9M
AEI AERIS ENVIRONMEN 0.0967741935484 0.17 58k 24.5M
TBL TAMBLA 0.0909090909091 0.012 1M 10.9M
SL1 SYMBOL MINING 0.0909090909091 0.024 2M 12.9M