Here are the key ASX small cap winners and losers at lunch Tuesday October 2:

The ASX Small Ords was down 10.3 points or 0.36 per cent to 2,847.5 at 12.40pm AEST.

GOING UP

Canadian explorer Euro Manganese (ASX:EMN) has kicked off its first day as a publicly listed company, trading at a 23 per cent premium to its initial public offering price.

Euro Manganese lit up the boards at 11am AEST this morning under the ticker “EMN”.

It traded as high as 32c in the first hour of trade. About 333,000 shares changed hands in nine trades worth $96,162 just before midday.

The hot run is continuing for HIV-fighter Biotron (ASX:BIO).

The stock was up another 45 per cent today to an intraday high of 9c this morning, with $5.8 million worth of shares changing hands.

Yesterday the company rose 22pc to 5c after trial results released on Friday showed the company’s BIT225 drug had “significant immunological benefits” in patients with HIV.

Shares in Spectrum Metals (ASX:SPX) rose 20 per cent to an intraday high of 0.6c before the company went into a trading halt this morning.

Neither the pause in trading nor trading halt announcement gave clues as to what sort of announcement the company will release — but more than 5 million shares changed hands. The company says it will release the announcement prior to Thursday.

Jadar Lithium (ASX:JDR) was up 28 per cent to an intraday high of 1.4c after telling investors it will acquire exploration ground surrounding the advanced Wolfsberg project in Austria, owned by fellow battery metals hopeful European Lithium.

European Lithium (ASX:EUR) announced a resource of 11 million tonnes grading 1% lithium for the underground Wolfsberg project in July last year.

The under-explored exploration ground was “strategically placed for European manufacturers using lithium”, according to Jadar.

Here are the best performing ASX small cap stocks at 12.30pm AEST Tuesday October 2: 

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ASX code Company Price change today (12.15pm) Price (12pm) Volume Market Cap
ROG RED SKY ENERGY L 0.5 0.3c 3M 2.1M
NIU NIUMINCO GROUP L 0.5 0.3c 10M 6.7M
MOX MONAX MINING 0.5 0.3c 125k 1.4M
BIT BIOTRON 0.45 9c 94M 31.2M
AHN ATHENA RESOURCES 0.36 1.5c 200k 2.4M
THD THRED 0.33 0.4c 309k 5.4M
QGL QUANTUM GRAPHITE 0.33 0.4c 4M 22.5M
MLS METALS AUSTRALIA 0.33 0.4c 24k 7.0M
MAR MALACHITE RES 0.33 0.4c 3M 4.1M
GGE GRAND GULF ENERG 0.33 0.4c 17k 2.3M
BAS BASS OIL 0.33 0.4c 534k 7.8M
TMX TERRAIN MINERALS 0.25 0.5c 65k 2.9M
SER STRATEGIC ENERGY 0.25 0.5c 1M 3.5M
DDD 3D RESOURCES 0.25 0.5c 4M 3.5M
SPX SPECTRUM METALS 0.2 0.6c 100k 3.5M
SDL SUNDANCE RESOURC 0.2 0.6c 5M 45.7M
GBZ GBM RESOURCES 0.2 0.6c 10k 5.3M
IHL IMPRESSION HEALT 0.2 1.8c 10k 5.0M
JDR JADAR LITHIUM 0.18 1.3c 209k 4.3M
RAC RACE ONCOLOGY 0.16 11c 7k 7.3M
CHK COHIBA MINERALS 0.14 0.8c 500k 3.9M
SEI SPECIALITY METAL 0.13 1.7c 315k 8.6M
IBX IMAGION BIOSYSTE 0.13 6c 11k 11.4M
WEL WINCHESTER ENERG 0.13 3.5c 793k 8.8M
TDO 3D OIL 0.13 12.5c 48k 31.2M
FTT FACTOR THERAPEUT 0.13 8.1c 1M 60.1M
MGU MAGNUM MINING 0.13 4.5c 162k 11.2M
VKA VIKING MINES 0.13 1.8c 835k 5.0M
LML LINCOLN MINERALS 0.13 0.9c 425k 4.6M
ACL ALCHEMIA 0.13 0.9c 175k 2.6M

 

GOING DOWN

There was unfortunate news for Bionomics (ASX:BNO) this morning, with news its Post Traumatic Stress Disorder drug trial had failed.

That sent the stock tumbling 68 per cent to an intraday low of 16c, thought it rallied slightly before lunch as the company tried to put investor concern at ease during an 11am teleconference.

The phase two trial assessed PTSD symptoms in 193 patients across 25 sites in the US and Australia after they’d been treated with BNC210, a new drug that inhibited a neural receptor implicated in long term memory.

“We are extremely disappointed that the primary endpoint in this trial was not met,” said Bionomics chief Dr Deborah Rathjen.

Here are the worst performing ASX small cap stocks at 12.30pm Tuesday October 2: 

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ASX code Company Price change today (12.15pm) Price (12pm) Volume Market Cap
BNO BIONOMICS -0.58 21c 215k 241.5M
OXX OCTANEX -0.44 1c 7k 4.9M
STC SINETECH -0.25 0.3c 201k 2.8M
CAE CANNINDAH RESOUR -0.24 2.2c 21k 4.5M
FNT FRONTIER RESOURC -0.24 1.3c 354k 8.3M
AON APOLLO MINERALS -0.17 19c 25k 38.6M
VAL VALOR RESOURCES -0.17 0.5c 881k 11.0M
AVD ANTILLES OIL AND -0.17 3c 132k 4.9M
AGE ALLIGATOR ENERGY -0.17 0.5c 2M 4.4M
CFO CFOAM -0.16 18c 57k 25.0M
AMT ALLEGRA ORTHOPAE -0.15 17c 3k 19.9M
BNR BULLETIN RESOURC -0.15 4c 261k 8.4M
TV2 TV2U INTERNATION -0.14 0.6c 15M 14.2M
GTE GREAT WESTERN EX -0.14 0.6c 2M 6.4M
VRX VENTNOR RESOURCE -0.14 15c 11M 63.8M
HXG HEXAGON RESOURCE -0.14 12.5c 25k 42.3M
GOO GOOROO VENTURES -0.13 4.8c 19k 4.8M
SFM SANTA FE MINERAL -0.13 10.5c 100k 8.7M
PNN PEPINNINI LITHIU -0.13 0.7c 1M 5.0M
KSS KLEOS SPACE SA -0.11 12c 26k 14.4M
PG1 PEARL GLOBAL -0.11 20c 390k 32.7M
GED GOLDEN DEEPS -0.11 4c 10k 7.7M
SI6 SIX SIGMA METALS -0.11 0.8c 60k 4.1M
MEU MARMOTA -0.11 1.6c 110k 11.8M
BUG BUDERIM GROUP -0.11 29.5c 50k 28.4M
RNO RHINOMED -0.11 34c 2M 44.7M
ELS ELSIGHT -0.1 77c 342k 82.5M
XTD XTD -0.1 2.6c 79k 3.9M
SVY STAVELY MINERALS -0.1 22c 107k 37.2M
OCC ORTHOCELL -0.1 26.5c 7k 32.5M