Here are the key ASX small cap winners and losers at lunch Tuesday January 8:

The ASX Small Ords was flat at 2,471.3 at 12.15pm AEST.

GOING UP

Health and wellness stock Wattle Health (ASX:WHA) got a bump this morning, up nine per cent to 99.5c as it gave the market an update on its infant formula ambitions.

That update was that its manufacturer had renewed its manufacturing accreditation, which was good, but it is still waiting for State Administration of Market Regulation (SAMR) approval, which is bad. It has been waiting since October 2017 and “remains confident” of obtaining it.

eSports Mogul (ASX:ESH) shares rose 14 per cent to 1.6c on the mere mention of video game juggernaut Fortnite.

The company joined a swathe of organisations that are launching Fortnite competitions, the uber-popular online video game.

As well as snagging the most-played game in the world right now, eSport Mogul is releasing a range of other popular console games for its Silver Slam tournament in February.

Shares in Environmental Group (ASX:EGL) popped up 40 per cent this morning to 4.9c after news yesterday that it picked up the old Tomlinson boiler business  in the RCR Tomlinson fire sale, following the latter’s descent into voluntary administration in November last year.

The acquisition will initially be funded from EGL’s existing debt facilities and is expected to be completed within the first half of January 2019, but we won’t know the purchase price until the end of this month.

Syntonic (ASX:SYT) was the day’s biggest mover by volume before lunch, with 19.3 million shares trading hands. That was worth only $116,427, though, as Syntonic is a penny stock.

Its shares jumped 17 per cent, or one-tenth of a cent, to 0.7c on no news, although a man by the name of Kevin Dunhill became a substantial holder yesterday with just over 5pc voting power.

Here are the best performing ASX small cap stocks at 12.30pm Tuesday January 8: 

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

ASX Code Name Intraday price change Price 12:30pm Volume Market cap
VMG VDM 1 0.2c 1,000,000 $5.9m
SRO Shareroot 1 0.2c 403,333 $1.6m
EGL Environmental Group 0.57 5.5c 157,056 $7.6m
CLZ Classic Minerals 0.5 0.3c 6,408,333 $5.4m
OVL Oro Verde 0.33 0.4c 450,000 $4.7m
IBX Imagion Biosystems 0.3 3.5c 275,000 $6.6m
IPB IPB Petroleum 0.37 3.3c 471,150 $5.2m
WBE Whitebark Energy 0.25 0.5c 2,297,010 $6.3m
ADR Adherium 0.24 4.1c 150,000 $5.8m
TOU Tlou Energy 0.23 9.8c 6,200 $32.7m

 

GOING DOWN

Argent Minerals (ASX:ARD) shareholders were not impressed with news that the company may have to pay back as much as $1.4 million in research and development costs, dropping the shares 28 per cent to an intraday low of 1.3c.

But Argent says it believes the R&D claims were made in compliance with the applicable legislation and intends to pursue its rights under the law.

Here are the worst performing ASX small cap stocks at 12.30pm Tuesday January 8: 

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

ASX Code Name Intraday price change Price 12:30pm Volume Market cap
CLY Clancy Exploration -0.5 0.1c 198,333 $7m
VPR Volt Power -0.5 0.1c 284,956 $16.5m
MNC Metminco -0.33 0.2c 3,300,000 $3.4m
ABL Abilene Oil & Gas -0.25 0.3c 40 $1.6m
ARO Astro Resources -0.25 0.3c 1,500,000 $5.1m
GBE Globe Metals -0.22 1.4c 3,979 $8.4m
ARD Argent Minerals -0.22 1.4c 2,682,803 $9.1m
TNR Torian Resources -0.2 1.6c 277,088 $4.4m
SPX Spectrum Metals -0.2 0.4c 3,482,900 $5.3m
BLY Boart Longyear -0.2 0.4c 2,601,974 $131.5m