Here are the key ASX small cap winners at lunch Wednesday January 30:

The ASX Small Ords was down 1.7 points or 0.1 per cent to 2,579.7 at 11.51am AEST.

GOING UP

The hype continues over at the ASX’s newest company, payments provider Splitit (ASX:SPT), with the company’s shares up 39 per cent today to highs of 53c.

Splitit debuted on the ASX yesterday and closed at 38c, up 90 per cent on its IPO offer price.

Medical devices maker G Medical (ASX:GMV) enjoyed a 15 per cent bump to its share price today after it revealed that it had received purchase orders from a US health company totalling up to $31 million.

The company has received all the approvals it needs to start making its devices at its production facility in China, and now says that it will start doing that just as soon as all the parts arrive.

Neurotech (ASX:NTI) was up 18 per cent to 4.5c this morning as it sought quotation for 110 million new shares offered in a renounceable pro-rata rights issue it announced yesterday.

It also detailed yesterday remuneration for its new CEO and managing director Peter Griffiths — he’ll be paid $255,000 a year.

Odin Metals (ASX:ODM) put out its quarterly update and investors enjoyed it, sending the shares up 20 per cent to 12c before lunch.

“During the quarter the company completed a review of the Sturgeon Lake Project’s historical exploration data set. The company is now in the process of planning exploration programs including geophysics, mapping, sampling and drilling. These activities are expected to commence in Q1 2019,” it told investors.

Here are the best performing ASX small cap stocks at 12pm Wednesday January 30: 

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ASX code Company % change Last price Volume Market cap
TOU TlouEnergy 27% 11.5c 323,616 $37.2m
IVO Invigor 25% 0.5c 600,000 $10.4m
KEY Key Petroleum 25% 0.5c 48,000 $5.6m
ANL Amani Gold 25% 0.5c 246,365 $7.4m
COO Corum 23% 3.2c 213,026 $6.7m
CRL Comet Resources 21% 3.5c 198,123 $6.7m
ALT Analytica 20% 0.6c 2,259,182 $16.7m
ODM Odin Metals 20% 12c 50,000 $15.4m
DEG De Grey Mining 19% 12.5c 815,302 $44.4m
NTI Neurotech 18% 4.5c 10,000 $4.2m

 

GOING DOWN

Oliver’s real Food (ASX:OLI) has disappointed shareholders again, releasing yet another profit downgrade which led to investors dumping the stock by by 55 per cent to 4.3c, a fraction of its 20c IPO price exactly two years ago.

Full year revenue is now expected to be 12-15 per cent lower than forecast in November at $34-$38 million, while EBITDA (earnings before interest, tax, depreciation, amortisation) has swung from a forecast $3m-4m profit to a $1m-4m loss.

Locality Planning Energy (ASX:LPE) fell 15 per cent today to an intraday and all-time low of 55c after an embarrassing blunder led investors to believe it wasn’t downgrading profit guidance.

“Due to a typographical error, the fourth dot point in the announcement dated Friday 25th January incorrectly stated that EBITA and NPAT would not be effected,” it said late yesterday.

“It should have read as follows; EBITA and NPAT affected.”

Here are the worst performing ASX small cap stocks at 12pm Wednesday January 30: 

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ASX code Company % change Last price Volume Market cap
OLI Oliver's Real Food -57% 4.1c 5,079,333 $16.8m
LRS Latin Resources -33% 0.2c 6,883,349 $8.5m
CGM Cougar Metals -33% 0.2c 2,829,909 $2.9m
CIO Connected IO -33% 0.2c 904,551 $5.4m
PVL PowerHouse Ventures -30% 7c 56,500 $2.9m
MLS Metals Australia -25% 0.3c 583,200 $9.4m
CSE Copper Strike -23% 12c 11,820 $16.6m
PGR PAS -21% 18.5c 17,600 $32.1m
AOA Ausmon Resources -20% 0.4c 273,222 $2.6m
CYQ Cycliq -20% 0.4c 100,000 $4.8m