Here are the key ASX small cap winners and losers at lunchtime Tuesday, Jul 31:

The ASX Small Ords was down 12 points or 0.4 per cent at 2833 by 1pm AEST.

GOING UP

Texas-focused oil and gas junior Winchester Energy (ASX:WEL) leapt 165 per cent today after telling investors it would “aggressively pursue” potential partners to help with drilling via a farm-out agreement due in the September quarter.

A farm-out usually involves a written agreement under which an owner sells an interest in a mining tenement in exchange for exploration work.

Winchester hopes drilling could start “prior to the end of the [September] quarter”.

Winchester today reported negative operating cashflow of $US359,000 leaving $US1.1 million in the bank and plans to spend $US430,000 this quarter.

The shares jumped from 1.7c to 4.5c by midday.

Blockchain video play Linius Technologies (ASX:LNU) jumped 17 per cent to an intraday high of 8.8c after signing up with a news service that’s building a personalised version of CNN.

Linius is developing a technology it calls a “Video Virtualization Engine” that inserts and tracks data in video streams.

Under the deal, Linius will work with Swedish start-up Newstag to deliver what it calls “hyper-personalised” video news reports relevant only to viewers interested in a particular topic.

Two-year-old Newstag lets news viewers create their own “personalised CNN” by matching their interests with tagged news reports from the likes of CNN and Bloomberg.

The stock cooled to 8.2c by 11.45am AEST, with $746,000 worth of shares changing hands.

Organic infant formula maker Bubs Australia (ASX:BUB) climbed 7 per cent to an intraday high of 78c after reporting a 531 per cent jump in quarterly gross sales as demand took off in China.

The shares cooled to 73.5c at 10.50AM AEST, valuing the business at about $290 million.

More than $2.7 million worth of stock was bought and sold.

“During the quarter, we saw a strong growth trend with material uplift in infant formula and overall sales to China delivering our highest quarterly revenues,” says Bubs founder Kristy Carr.

Email backup provider Dropsuite (ASX:DSE) continued its upward trajectory, gaining 26 per cent today on the back of higher customer numbers and cash receipts.

Earlier this month the stock was boosted by as much as 40 per cent after telling investors it had netted 100,000 new paid users over a three-week period thanks to an “extensive marketing campaign”.

This week paid user numbers hit 600,000 — up 50 per cent since DropSuite hit 400,000 on July 5.

Customer receipts came in at $1 million for the quarter compared to $700,000 in March. Cash-burn fell to $225,000 from $465,000.

Here are the best performing ASX small cap stocks at 12.30pm Tuesday, July 31:

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ASX code Company Today's price change (12.30pm) Price (12.30pm) Volume Market Cap
WEL WINCHESTER ENERG 1.35294117647 0.04 359k 4.8M
LKO LAKES OIL 0.5 0.003 6M 57.6M
IOT IOT GROUP 0.5 0.003 750k 3.3M
AAU ADCORP AUSTRALIA 0.5 0.012 48k 1.5M
XPE XPED 0.333333333333 0.004 7M 4.5M
CLY CLANCY EXP 0.333333333333 0.004 2M 9.4M
GAS STATE GAS 0.294117647059 0.22 22k 22.9M
DSE DROPSUITE 0.260869565217 0.145 3M 55.2M
SUR SUN RESOURCES 0.25 0.005 100k 3.0M
SDL SUNDANCE RES 0.25 0.005 65k 32.5M
MLS METALS AUSTRALIA 0.25 0.005 625k 10.5M
MGL MAGONTEC 0.238095238095 0.026 5 23.9M
CCZ CASTILLO COPPER 0.217391304348 0.028 353k 13.3M
SRN SUREFIRE RES 0.214285714286 0.017 28M 5.9M
RNX RENEGADE EXP 0.2 0.006 4M 3.9M
NVO NVOI 0.2 0.006 4M 2.1M
ICG INCA MINERALS 0.2 0.006 1M 13.0M
GBZ GBM RESOURCES 0.2 0.006 300k 4.3M
BKP BARAKA ENERGY 0.2 0.006 617k 14.8M
AZV AZURE HEALTHCARE 0.19696969697 0.079 55k 15.4M
E25 ELEMENT 25 0.194444444444 0.215 100k 15.0M
ADJ ADSLOT 0.181818181818 0.026 725k 28.3M
ZEU ZEUS RESOURCES 0.166666666667 0.014 10k 2.2M
TNY TINYBEANS 0.166666666667 0.35 10k 9.8M
TMX TERRAIN MINERALS 0.166666666667 0.007 12M 3.9M
AUL AUSTAR GOLD 0.166666666667 0.007 39k 11.4M
AOA AUSMON RESOURCES 0.166666666667 0.007 129k 3.1M
XTD XTD 0.16 0.029 158k 3.3M
MCA MURRAY COD 0.15 0.115 243k 39.3M
RMY RMA GLOBAL 0.142857142857 0.24 159k 77.3M
LNU LINIUS TECH 0.106666666667 0.083 7M 70.2M
BRK BROOKSIDE ENERGY 0.0714285714286 0.015 1M 13.9M

GOING DOWN

Hair-loss fixer Cellmid (ASX:CDY) fell 16 per cent to an intraday low of 38.5c on news of a $9 million placement.

The offer was priced at 38c — and it will now seek another $1 million via a share purchase plan offered to individual shareholders.

The total of $10 million is down from its original ambition of seeking as much as $12 million to fund its new product rollout.

Here are the worst performing ASX small cap stocks at 12.30pm Tuesday, July 31:

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ASX code Company Today's price change (12.30pm) Price (12.30pm) Volume Market Cap
AYM AUSTRALIA UNITED -0.5 0.002 1M 5.1M
MNC METMINCO -0.363636363636 0.007 58M 10.0M
VMG VDM GROUP -0.333333333333 0.002 485k 17.6M
AHZ ADMEDUS -0.297872340426 0.165 3M 66.7M
OBJ OBJ -0.27027027027 0.027 135k 67.0M
NAG NAGAMBIE RES -0.25 0.12 190k 65.1M
XST XSTATE RESOURCES -0.2 0.004 650k 3.9M
GLA GLADIATOR RES -0.2 0.004 57k 4.3M
WLF WOLF MINERALS -0.190476190476 0.034 170 45.8M
RNY RNY PROPERTY -0.166666666667 0.005 40k 1.6M
ALT ANALYTICA -0.166666666667 0.005 25k 20.0M
RAW RAWSON OIL -0.155555555556 0.038 65k 4.4M
FRX FLEXIROAM -0.148936170213 0.04 22k 9.1M
PCL PANCONTINENTAL -0.142857142857 0.006 42M 34.2M
HCO HYLEA METALS -0.142857142857 0.006 700k 18.2M
AD1 APPLYDIRECT -0.14 0.043 326k 11.1M
HIP HIPO RESOURCES -0.136363636364 0.019 600k 8.5M
ERL EMPIRE RESOURCES -0.133333333333 0.013 3M 7.2M
CDY CELLMID -0.130434782609 0.4 99k 26.2M
BOA BOADICEA RES -0.130434782609 0.1 22k 6.1M
RGS REGENEUS -0.127659574468 0.205 52k 49.1M
PSY PANORAMA SYNERGY -0.127659574468 0.041 283k 26.4M
FLN FREELANCER -0.126050420168 0.52 650k 271.8M
TRL TANGA RESOURCES -0.125 0.007 3M 5.8M
SPX SPECTRUM RARE -0.125 0.007 300k 5.7M
PMY PACIFICO MINERAL -0.125 0.007 4M 7.1M
MTB MOUNT BURGESS -0.125 0.007 1M 3.4M
EFE EASTERN IRON -0.125 0.007 1M 3.3M
DLC DELECTA -0.125 0.007 736k 5.1M
PIL PEPPERMINT INNOV -0.12 0.022 5M 23.8M