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Here are the key ASX small cap winners and losers at lunch Thursday Sep 13:

The ASX Small Ords was up 0.9 points or 0.03 per cent to 2,819 at 12.40pm AEST.

GOING UP

More than $1.7 million worth of shares in Food Revolution Group (ASX:FOD) changed hands this morning as fund managers Perpetual and SG Hiscock picked up a cornerstone stake in the business.

The news sent FOD shares flying to an intraday high of 12.5c, an increase of 44 per cent on the company’s closing price of 8.7c yesterday.

Venture capitalists The Victorian Clean Technology Fund sold down 40 million shares in the company for $2.16 million, going from 15.3 per cent of the register to 5.7 per cent.

Fund managers Perpetual and SG Hiscock picked up a “cornerstone stake”, although neither are substantial shareholders.

The entrance of institutional investors into a small cap’s register is big news, as it provides validation that the company is big enough and growing well enough to spark the interest of large money managers.

Energy storage company 1414 Degrees (ASX:14D) climbed 27 per cent this morning to an intraday high of 28.5c after issuing a generic company update.

1414 Degrees listed on Tuesday at its offer price of 35c, but slid immediately and closed at 22.5c. The company raised $16.3 million in its IPO.

But it climbed back up today after telling investors “attending a recent conference in the United States led to increased interest from global markets”.

Argosy Minerals (ASX:AGY) hit an intraday high of 25c this morning, a rise of 22 per cent, after success in its attempts to create a battery-quality lithium carbonate product.

Last month, Agrosy shares jumped 50 per cent when it reported that it got 99.6 per cent pure lithium carbonate equivalent (LCE).

The company bettered that today, saying it has achieved 99.8pc LCE content value.

Gold explorer Kairos Minerals (ASX:KAI) jumped 19 per cent today to an intraday high of 3.8c after it released an announcement about gold nugget discovery in ALL CAPS.

The company said it had found 256 gold nuggies in a previously unexplored prospective geological sequence that extends for a further 5km.

Kairos shares jumped back in May when it found a 643,000-ounce resource in the Pilbara.

Here are the best performing ASX small cap stocks at 12.15pm Thursday Sep 13:

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

ASX codeCompanyPrice change today (12pm)Price (12pm)VolumeMarket Cap
NWENORWEST ENERGY0.50.3c751k8.5M
MOXMONAX MINING0.50.3c1M1.8M
CIOCONNECTED IO0.330.4c200k3.1M
FODFOOD REVOLUTION0.3211.5c4M37.8M
VKAVIKING MINES0.282.3c270k5.6M
SVHSILVER HERITAGE0.273.3c27k19.4M
TMXTERRAIN MINERALS0.250.5c1M2.6M
SUDSUDA PHARMACEUTI0.250.5c749k10.3M
ICGINCA MINERALS0.250.5c546k11.0M
CLZCLASSIC MINERALS0.250.5c136k9.9M
14D1414 DEGREES0.2428c4M38.8M
RHIRED HILL IRON0.2140c1k18.0M
ZMIZINC OF IRELAND0.20.6c295k10.7M
TSCTWENTY SEVEN CO0.20.6c91k4.5M
SDLSUNDANCE RESOURC0.20.6c5M45.7M
RNXRENEGADE EXPLORA0.20.6c331k3.9M
NSXNSX0.1822.5c5k28.1M
ZYBZYBER HOLDINGS L0.181.3c2M7.2M
VANVANGO MINING0.1819.5c74k81.3M
AGYARGOSY MINERALS0.1724c130k189.3M
CHKCOHIBA MINERALS0.170.7c2M3.3M
ALTANALYTICA0.170.7c1M20.0M
AAUADCORP AUSTRALIA0.171.4c41k2.5M
CASCRUSADER RESOURC0.152.3c57k10.0M
EWCENERGY WORLD COR0.1519.5c120k305.3M
SI6SIX SIGMA METALS0.140.8c151k3.2M
RMXRED MOUNTAIN MIN0.140.8c2M4.7M
FGFFIRST GROWTH FUN0.141.6c1M21.8M
VECVECTOR RESOURCES0.142.4c11M29.1M
SCUSTEMCELL UNITED0.142.4c502k10.8M

 

GOING DOWN

Fluctuation continued at Pancontinental Oil & Gas (ASX:PCL), with more than 15 million shares trading hands (for about $150,000) as the company dropped 10 per cent to an intraday low of 0.9c.

This was the same pattern as yesterday, though on lower volumes.

The company’s only news was a presentation on the exploration potential of Namibia; yesterday the company said it had potentially more than one billion barrels of oil under Namibia’s sea.

Here are the worst performing ASX small cap stocks at 12.15pm Thursday September 13:

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

ASX codeCompanyPrice change today (12pm)Price (12pm)VolumeMarket Cap
AKNAUKING MINING-0.330.2c2M2.8M
RBRRBR GROUP-0.290.5c1M4.9M
CGMCOUGAR METALS NL-0.250.3c1M3.7M
GULGULLEWA-0.222.5c9k4.8M
REVREAL ESTATE INVE-0.20.8c100k1.2M
RXLROX RESOURCES-0.180.9c1M13.8M
AZIALTA ZINC-0.170.5c3M8.2M
AVDANTILLES OIL AND-0.173c132k4.9M
NGYNUENERGY GAS-0.163.1c83454.8M
ONXORMINEX-0.1523c157k145.4M
RXHREWARDLE HOLDING-0.140.6c81k2.3M
NORNORWOOD SYSTEMS-0.140.6c2M9.3M
CZNCORAZON MINING L-0.140.6c639k8.9M
SMDSYNDICATED METAL-0.130.7c175k5.1M
RMGRMG-0.131.4c10k9.6M
MRVMORETON RESOURCE-0.130.7c2M22.3M
HIPHIPO RESOURCES L-0.131.4c750k6.2M
FPLFREMONT PETROLEU-0.130.7c453k5.5M
FIGFREEDOM INSURANC-0.1310.5c284k28.8M
DRXDIATREME RESOURC-0.132.1c79k26.4M
RFNREFFIND-0.110.8c1M4.6M
IHRINTELLIHR HOLDIN-0.1112.5c114.6M
ECGECARGO HOLDINGS-0.1112.5c69k86.1M
MTCMETALSTECH-0.17.9c217k10.2M
ESRESTRELLA RESOURC-0.11.8c1k9.8M
ESEESENSE-LAB-0.094.8c5k4.3M
SRISIPA RESOURCES-0.091c300k13.2M
MSMMSM CORPORATION-0.091c724k5.2M
NOVNOVATTI GROUP-0.0822.5c25k38.6M
CPVCLEARVUE TECHNOL-0.0853.5c320k55.1M