Here are the key ASX small cap winners and losers at lunchtime Tuesday, July 24:

The ASX Small Ords was up 11 points or 0.04 per cent to 2,842.6 at 12.30pm AEST.

Gold miner Classic Minerals (ASX:CLZ) was the most actively traded small cap in the first hours of the morning, with 50.4 million shares worth $250,00 changing hands by 11.30am.

The stock increased as much as 50 per cent to an intraday high of 6c before settling to 5c after the company outlined strong drilling results which showed high-grade gold intercepts at its Forrestania project in Western Australia.

GOING UP

Fellow resources play Clancy Exploration (ASX:CLY) also kicked off the morning with 33 per cent gains, hitting a morning high of 0.4c after the company told investors it would acquire 100 per cent of a new cobalt licence for an area close to the Bourse Azzer cobalt mine.

The company will pay $US50,000 for the exploration licence from local miner Chater SARL.

Boadicea Resources (ASX:BOA) released a quarterly activities report on its nickel, copper and gold projects and then moved upwards 29 per cent to a high of 11c by 12pm.

Meanwhile, Mustang Resources (ASX:MUS) was up by as much as 15 per cent after revealing the size of its graphite mineral resource at the Caula vanadium-graphite project in Mozambique had increased 317 per cent according to updated measurements.

EVE Investments (ASX:EVE) had gained 12.5 per cent by 12pm to a high of 0.9c after confirming it had finalised a deal to lease its tea tree plantation to fellow pot stock The Hydroponics Company (THC).

In May, THC confirmed it had applied to the Office of Drug Control to gain the relevant licences to grow organic medicinal cannabis on the site.

The site will become the main cannabis source for a large-scale THC marijuana manufacturing operation in Queensland and includes a sales agreement with EVE’s half-owned subsidiary Meluka Health.

Here are the best performing ASX small cap stocks at 12.15pm AEST, July 24:

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ASX code Company Today's price change (12.15pm) Price (12.15pm) Volume Market Cap
BDI BLINA MINERALS 1 0.002 1M 4.3M
VPR VOLT POWER GROUP 0.5 0.003 300k 16.5M
PCH PROPERTY CONNECT 0.5 0.003 130k 2.4M
IOT IOT GROUP 0.5 0.003 625k 3.3M
DDT DATADOT TECH 0.5 0.003 4M 2.0M
MOX MONAX MINING 0.333333333333 0.004 4M 2.2M
LNY LANEWAY RES 0.333333333333 0.004 17k 10.4M
DLC DELECTA 0.333333333333 0.008 313k 3.8M
BOA BOADICEA RES 0.294117647059 0.11 70k 4.5M
SER STRATEGIC ENERGY 0.25 0.005 188k 3.4M
NOR NORWOOD SYSTEMS 0.25 0.005 5M 5.3M
GLA GLADIATOR RES 0.25 0.005 1M 3.5M
CLZ CLASSIC MINERALS 0.25 0.005 44M 8.0M
AOW AMERICAN PATRIOT 0.222222222222 0.033 2M 7.2M
PCL PANCONTINENTAL 0.2 0.006 3M 26.3M
MSR MANAS RESOURCES 0.2 0.006 238k 13.2M
HDY HARDEY RESOURCES 0.2 0.006 1M 6.8M
AZI ALTA ZINC 0.2 0.006 1M 6.8M
SRO SHAREROOT 0.166666666667 0.007 5M 7.4M
HCO HYLEA METALS 0.166666666667 0.007 100k 16.8M
LNU LINIUS TECH 0.161764705882 0.079 4M 63.6M
SXX SOUTHERN CROSS 0.142857142857 0.008 2M 7.5M
RNX RENEGADE EXP 0.142857142857 0.008 536k 5.0M
RMX RED MOUNTAIN MIN 0.142857142857 0.008 8k 4.7M
EXO ENNOX GROUP 0.142857142857 0.008 2M 4.4M
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GOING DOWN

Debt restructuring business Credit Intelligence (ASX:CI1) lost as much as 26 per cent to an intraday low of 1.1c.

The company has not released any news since June 14, when it announced  a new director appointment.

Here are the worst performing ASX small cap stocks at 12.15pm AEST, July 24:

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ASX code Company Today's price change (12.15pm) Price (12.15pm) Volume Market Cap
ARO ASTRO RESOURCES -0.333333333333 0.002 280k 2.7M
CI1 CREDIT INTEL -0.266666666667 0.011 495k 12.3M
RRS RANGE RESOURCES -0.25 0.003 450k 30.4M
PGS PLANET GAS -0.25 0.003 200k 2.2M
USA URANIUMSA -0.222222222222 0.007 98k 3.7M
PDI PREDICTIVE DISC -0.181818181818 0.027 495k 7.8M
WEL WINCHESTER ENERGY -0.166666666667 0.015 75k 5.1M
ELT ELEMENTOS -0.166666666667 0.005 152k 8.0M
DW8 DAWINE -0.166666666667 0.005 400k 3.5M
LIN LINDIAN RESOURCES -0.153846153846 0.011 25k 3.5M
RIE RIEDEL RESOURCES -0.152542372881 0.05 50k 24.7M
GBZ GBM RESOURCES -0.142857142857 0.006 1M 6.0M
BKP BARAKA ENERGY -0.142857142857 0.006 3M 18.9M
AVD ANTILLES OIL -0.133333333333 0.026 32M 4.9M
CAE CANNINDAH RES -0.130434782609 0.04 7k 7.0M
NAE NEW AGE EXP -0.125 0.007 625k 4.5M
KGM KALNORTH GOLD -0.125 0.007 70k 7.2M
CAG CAPE RANGE -0.125 1.05 175k 100.4M
DGO DGO GOLD -0.118343195266 0.745 4k 18.3M
SPQ SUPERIOR RES -0.111111111111 0.008 453k 6.2M
PMY PACIFICO MIN -0.111111111111 0.008 13M 8.0M
AU1 AGENCY GROUP -0.111111111111 0.008 2M 6.2M
OVN OVENTUS MEDICAL -0.106060606061 0.295 6k 35.0M
PWN PARKWAY MINERALS -0.1 0.009 100k 5.9M
OOK OOKAMI -0.09375 0.029 1M 10.0M
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