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Here are the key ASX small cap winners and losers at lunch Wednesday Sep 19:

The ASX Small Ords was up 17 points or 0.6 per cent to 2,824 at 12.40pm AEST.

GOING UP

Respiratory tech developer Rhionmed (ASX:RNO) rose 17 per cent to a three-year high of 27c this morning, continuing a recent upward trend, after it released a positive company update this morning.

Rhinomed told investors that a deal with US medical cannabis provider Columbia Care to distrubute its “Nasally Delivered Cannabis” solution would close this month.

The company’s Mute technology, which is an anti-snoring device, has been the fastest-growing product in the Nasal Strip category in the US, growing at 299 per cent during the period. It is sitting as the fifth most popular brand overall.

Intrepid Mines (ASX:IAU) shares are up 31 per cent this morning to an intraday high of $1.05 after launching a takeover offer for gold play A1C Resources.

The tie-up could result in a cashed-up play with dominant land position in an under-explored Western Australian copper and gold region.

Intrepid is offering one share for every three A1C (ASX:A1C) shares in an off-market takeover bid, with Intrepid and A1C shareholders to own 36 per cent and 64 per cent of the combined company, respectively.

Shares in Antipa Minerals (ASX:AZY) are up 13 per cent to 1.7c after telling investors its Chicken Ranch was going gangbusters.

The first tranche of results from recent air core drilling at its Chicken Ranch prospect were released, revealing further high-grade gold mineralisation.

It was a similar story at Gascoyne Resources (ASX:GCY), which also reported high-grade gold results. Its shares were up 31 per cent to an intraday high of 36c.

It told investors that the first ever RC drilling at the Tanqueray prospect, only 1.8 km north of Gascoyne’s mill at Dalgaranga, had intersected significant very high grade visible gold mineralisation.

Here are the best performing ASX small cap stocks at 12.30pm AEST Wednesday Sep 19:

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

ASX codeCompanyPrice change today (12pm)Price (12pm)VolumeMarket Cap
NIUNIUMINCO GROUP L10.2c500k2.7M
NWENORWEST ENERGY0.50.3c12M8.5M
EUZEUROPA METALS0.50.3c983k11.2M
9SP9 SPOKES INTERNA0.42.1c437k7.4M
EPMECLIPSE METALS L0.330.4c550k3.4M
EMPEMPEROR ENERGY L0.330.4c200k2.7M
IAUINTREPID MINES L0.29$1.03 13k11.0M
MRQMRG METALS0.250.5c293k2.7M
CLZCLASSIC MINERALS0.250.5c2M9.9M
AWVANOVA METALS0.252c40k10.1M
VLSVITA LIFE SCIENC0.2595c43k41.7M
GCYGASCOYNE RESOURC0.2434c711k137.1M
IHLIMPRESSION HEALT0.242.1c7k5.0M
BYEBYRON ENERGY0.2134c814k191.8M
SUDSUDA PHARMACEUTI0.20.6c1M12.9M
SDLSUNDANCE RESOURC0.20.6c5M45.7M
LRSLATIN RESOURCES0.20.6c6M13.9M
IVOINVIGOR GROUP0.20.6c2M7.1M
BKPBARAKA ENERGY AN0.20.6c483k13.5M
LCKLEIGH CREEK ENER0.1819.5c363k77.8M
RBRRBR GROUP0.170.7c3M4.2M
MZNMARINDI METALS L0.170.7c150k10.7M
E2EEON NRG0.170.7c30k2.4M
ANLAMANI GOLD0.170.7c2M9.7M
AAUADCORP AUSTRALIA0.171.4c41k2.2M
AISAERIS RESOURCES0.1632c666k77.1M
AIBAURORA GLOBAL IN0.1621.5c32k1.4M
SCLSCHROLE GROUP0.151.5c3M7.5M
RMPRED EMPEROR RESO0.156.8c420k25.1M
A1CAIC RESOURCES0.1519.5c10k12.8M
RNORHINOMED0.1125.5c27k27.1M

 

GOING DOWN

Marenica (ASX:MEY) lost 25 per cent of its share price value this morning, dropping to an intraday low of 9.4c.

The company announced this morning it had raised $1.2 million in a cap raise. 11.8 million shares were placed at an issue price of 10cps, causing the tumble.

Here are the worst performing ASX small cap stocks at 12.30pm AEST Wednesday Sep 19:

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

ASX codeCompanyPrice change today (12pm)Price (12pm)VolumeMarket Cap
ABLABILENE OIL AND-0.50.2c15k1.6M
GGEGRAND GULF ENERG-0.250.3c2M3.1M
MEYMARENICA ENERGY-0.249.5c59k7.2M
RFNREFFIND-0.20.8c280k5.2M
MNCMETMINCO-0.20.4c6M4.6M
GTRGTI RESOURCES-0.181.8c72k3.6M
TSNTRANSACTION SOLU-0.170.5c5M13.0M
SPXSPECTRUM RARE EA-0.170.5c3M4.2M
PSMPENINSULA MINES-0.170.5c100k4.8M
AVDANTILLES OIL AND-0.173c132k4.9M
WCNWHITE CLIFF MINE-0.162.6c145k2.4M
POZPOZ MINERALS-0.155.5c10k11.6M
RAPRESAPP HEALTH-0.1523c6M177.9M
CTOCITIGOLD CORP-0.140.6c69k15.0M
TKLTRAKA RESOURCES-0.132.8c562k10.6M
SIHSIHAYO GOLD-0.131.4c400k29.7M
HGMHIGH GRADE METAL-0.132.8c50k14.5M
PUNPEGASUS METALS-0.121.5c2k2.3M
INKINDAGO ENERGY-0.118c50k19.0M
ACLALCHEMIA-0.110.8c1k2.9M
14D1414 DEGREES-0.139c1M75.0M
KNMKNEOMEDIA-0.11.8c3M12.8M
ECTENVIRONMENTAL CL-0.10.9c2M48.0M
COBCOBALT BLUE HOLD-0.132.5c240k41.8M
YOWYOWIE GROUP-0.0910c10k23.9M
AURAURIS MINERALS L-0.095c93k22.5M
TASTASMAN RESOURCES-0.094c20k21.5M
SRISIPA RESOURCES-0.091c300k13.2M
OBJOBJ-0.092c1M39.8M
BCNBEACON MINERALS-0.092c404k44.3M