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:

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ASX code Company Price change today (12pm) Price (12pm) Volume Market Cap
NWE NORWEST ENERGY 0.5 0.3c 751k 8.5M
MOX MONAX MINING 0.5 0.3c 1M 1.8M
CIO CONNECTED IO 0.33 0.4c 200k 3.1M
FOD FOOD REVOLUTION 0.32 11.5c 4M 37.8M
VKA VIKING MINES 0.28 2.3c 270k 5.6M
SVH SILVER HERITAGE 0.27 3.3c 27k 19.4M
TMX TERRAIN MINERALS 0.25 0.5c 1M 2.6M
SUD SUDA PHARMACEUTI 0.25 0.5c 749k 10.3M
ICG INCA MINERALS 0.25 0.5c 546k 11.0M
CLZ CLASSIC MINERALS 0.25 0.5c 136k 9.9M
14D 1414 DEGREES 0.24 28c 4M 38.8M
RHI RED HILL IRON 0.21 40c 1k 18.0M
ZMI ZINC OF IRELAND 0.2 0.6c 295k 10.7M
TSC TWENTY SEVEN CO 0.2 0.6c 91k 4.5M
SDL SUNDANCE RESOURC 0.2 0.6c 5M 45.7M
RNX RENEGADE EXPLORA 0.2 0.6c 331k 3.9M
NSX NSX 0.18 22.5c 5k 28.1M
ZYB ZYBER HOLDINGS L 0.18 1.3c 2M 7.2M
VAN VANGO MINING 0.18 19.5c 74k 81.3M
AGY ARGOSY MINERALS 0.17 24c 130k 189.3M
CHK COHIBA MINERALS 0.17 0.7c 2M 3.3M
ALT ANALYTICA 0.17 0.7c 1M 20.0M
AAU ADCORP AUSTRALIA 0.17 1.4c 41k 2.5M
CAS CRUSADER RESOURC 0.15 2.3c 57k 10.0M
EWC ENERGY WORLD COR 0.15 19.5c 120k 305.3M
SI6 SIX SIGMA METALS 0.14 0.8c 151k 3.2M
RMX RED MOUNTAIN MIN 0.14 0.8c 2M 4.7M
FGF FIRST GROWTH FUN 0.14 1.6c 1M 21.8M
VEC VECTOR RESOURCES 0.14 2.4c 11M 29.1M
SCU STEMCELL UNITED 0.14 2.4c 502k 10.8M

 

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:

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ASX code Company Price change today (12pm) Price (12pm) Volume Market Cap
AKN AUKING MINING -0.33 0.2c 2M 2.8M
RBR RBR GROUP -0.29 0.5c 1M 4.9M
CGM COUGAR METALS NL -0.25 0.3c 1M 3.7M
GUL GULLEWA -0.22 2.5c 9k 4.8M
REV REAL ESTATE INVE -0.2 0.8c 100k 1.2M
RXL ROX RESOURCES -0.18 0.9c 1M 13.8M
AZI ALTA ZINC -0.17 0.5c 3M 8.2M
AVD ANTILLES OIL AND -0.17 3c 132k 4.9M
NGY NUENERGY GAS -0.16 3.1c 834 54.8M
ONX ORMINEX -0.15 23c 157k 145.4M
RXH REWARDLE HOLDING -0.14 0.6c 81k 2.3M
NOR NORWOOD SYSTEMS -0.14 0.6c 2M 9.3M
CZN CORAZON MINING L -0.14 0.6c 639k 8.9M
SMD SYNDICATED METAL -0.13 0.7c 175k 5.1M
RMG RMG -0.13 1.4c 10k 9.6M
MRV MORETON RESOURCE -0.13 0.7c 2M 22.3M
HIP HIPO RESOURCES L -0.13 1.4c 750k 6.2M
FPL FREMONT PETROLEU -0.13 0.7c 453k 5.5M
FIG FREEDOM INSURANC -0.13 10.5c 284k 28.8M
DRX DIATREME RESOURC -0.13 2.1c 79k 26.4M
RFN REFFIND -0.11 0.8c 1M 4.6M
IHR INTELLIHR HOLDIN -0.11 12.5c 1 14.6M
ECG ECARGO HOLDINGS -0.11 12.5c 69k 86.1M
MTC METALSTECH -0.1 7.9c 217k 10.2M
ESR ESTRELLA RESOURC -0.1 1.8c 1k 9.8M
ESE ESENSE-LAB -0.09 4.8c 5k 4.3M
SRI SIPA RESOURCES -0.09 1c 300k 13.2M
MSM MSM CORPORATION -0.09 1c 724k 5.2M
NOV NOVATTI GROUP -0.08 22.5c 25k 38.6M
CPV CLEARVUE TECHNOL -0.08 53.5c 320k 55.1M