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Here are the key ASX small cap winners and losers at lunch Monday Sep 24:

The ASX Small Ords was down 9 points or 0.3 per cent to 2,826 at 12.30pm AEST.

GOING UP

Takeover talk has Capricorn Metals (ASX:CMM) shares were riding high this morning, up 55 per cent to an intraday — and 12-mont — high of 9.2c.

Capricorn confirmed today speculation from Mining News on Friday that it had received an offer from $2 billion miner Regis Resources (ASX:RRL).

The bid is for a scrip acquisition of Capricorn at 11.4 cps, valuing the company at $85.2 million.

Shares in cancer fighter Immutep (ASX:IMM) rose 10 per cent to 4.5c on Monday morning, the company’s highest point since rebranding from Prima BioMed last year, after it revealed it was collaborating with big pharma giants Merck and Pfizer.

The deal involves tests of Immutep’s drug candidate “eftilagimod alpha” — also known as IMP321 or just “efti”.

The two heavyweights will evaluate the combination of efti with an approved cancer drug called “avelumab” in patients with advanced tumours in a Phase I safety and efficacy trial.

Eden Innovations (ASX:EDE) shares are up 29 per cent to an intraday high of 4.5c after telling investors that its first US Govt-backed highway repair project was about to begin.

The company makes EdenCrete, a concrete additive, and approximately US$525,000 of it will be used in a highway repair project in the state of Georgia.

Australia’s newest listed pot stock Althea (ASX:AGH) has continued its bright start to life in the ASX, rising 31 per cent this morning to an intraday high of 73.5c — but may earn itself a speeding ticket as $4.8m worth of shares have traded hands, despite there being no news.

By the end of last week, Althea had tripled on its ASX debut, reaching 60c after being issued at 20c.

Here are the best performing ASX small cap stocks at 12.15pm Monday Sep 24:

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

ASX codeCompanyPrice change today (12pm)Price (12pm)VolumeMarket Cap
NIUNIUMINCO GROUP L10.2c6M2.7M
CMMCAPRICORN METALS0.539c500k44.1M
MRDMOUNT RIDLEY MIN0.50.3c5M3.8M
MOXMONAX MINING0.50.3c38k1.8M
EUZEUROPA METALS0.50.3c3M13.9M
SXXSOUTHERN CROSS0.330.8c100k6.5M
LNYLANEWAY RESOURCE0.330.4c144k10.6M
AXTARGO EXPLORATION0.331.6c105k2.2M
AGHALTHEA GROUP HOL0.2972.5c3M113.9M
EDEEDEN INNOVATIONS0.294.5c5M51.4M
SERSTRATEGIC ENERGY0.250.5c100k3.5M
DDD3D RESOURCES0.250.5c10k4.0M
AULAUSTAR GOLD0.250.5c300k8.5M
SDLSUNDANCE RESOURC0.20.6c5M45.7M
MEDMERLIN DIAMONDS0.20.6c120k16.5M
LRSLATIN RESOURCES0.20.6c4M15.3M
EM1EMERGE GAMING0.21.2c104k5.9M
KMTKOPORE METALS0.182.6c360k11.9M
VALVALOR RESOURCES0.170.7c149k11.0M
MRVMORETON RESOURCE0.170.7c100k18.6M
GTEGREAT WESTERN EX0.170.7c357k5.5M
DEGDE GREY MINING0.1616.8c103k52.7M
AVAAVA RISK GROUP L0.1622c1M40.1M
AXPAIRXPANDERS-CDI0.1511.5c45k55.8M
PNNPEPINNINI LITHIU0.140.8c4M4.3M
MZNMARINDI METALS L0.140.8c500k12.5M
CZNCORAZON MINING L0.140.8c323k8.9M
AOAAUSMON RESOURCES0.140.8c1M3.6M
AISAERIS RESOURCES0.1432c262k128.2M
ODAORCODA0.1318c92k14.3M

 

GOING DOWN

Pancontinental Oil and Gas (ASX:PCL) has lost all the gains it has made in the past month — and then some — after failing to find anything in a much-hyped offshore exploration well near Namibia.

“The Cormorant1 exploration well in PEL 37 offshore Namibia has reached a total measured depth of 3,855m and is to be plugged and abandoned as a dry hole,” Pancon told inevstors on Monday morning.

“The well has been efficiently drilled by operator Tullow Oil, reaching total depth on 21 September 2018, materially quicker than prognosed.”

The shares dropped 50 per cent to 0.4c on Monday after reaching a 12-month high of 1.1c last month.

Generic drugs maker Acrux (ASX:ACR) plummeted 24 per cent to an intraday low of 20.5c.

Acrux wants to make a generic version of a toenail fungus solution made by Valeant Pharma — renamed Bausch Health in May.

But Bausch subsidiary, Valeant Pharmaceuticals North America LLC, has launched a lawsuit against Acrux — and 13 other generic drug developers — to protect its patented drug.

“This action is expected and formally initiates the litigation process under the Hatch-Waxman Act,” Acrux told investors in an ASX announcement on Monday morning

Here are the worst performing ASX small cap stocks at 12.15pm Monday 24 September:

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

ASX codeCompanyPrice change today (12pm)Price (12pm)VolumeMarket Cap
PCLPANCONTINENTAL-0.570.3c59M37.8M
DHRDARK HORSE RESOU-0.330,.8c14M23.1M
CCECARNEGIE CLEAN E-0.250.9c5M34.6M
LMLLINCOLN MINERALS-0.251.2c31k9.2M
ICGINCA MINERALS-0.20.4c200k13.9M
CYGCOVENTRY GROUP-0.19$1.10 6k51.3M
ACRACRUX-0.1822.5c947k45.8M
AVDANTILLES OIL AND-0.173c132k4.9M
ALTANALYTICA-0.170.5c230k20.0M
TMPTECH MPIRE-0.155c30k5.2M
TNGTNG-0.1511.5c2M112.3M
CPVCLEARVUE TECHNOL-0.1546.5c794k52.8M
AUHAUSTCHINA HOLDIN-0.140.6c418k7.8M
AFRAFRICAN ENERGY-0.141.9c116k13.8M
WRMWHITE ROCK MINER-0.130.7c5M13.1M
VMLVITAL METALS-0.130.7c63k13.9M
GBMGBM GOLD-0.130.7c130k8.9M
ABXAUSTRALIAN BAUXI-0.1310.5c190k17.5M
FODFOOD REVOLUTION-0.1113.3c1M65.1M
WMLWOOMERA MINING L-0.118c20k10.1M
OGAOCEAN GROWN ABAL-0.1116c55k31.3M
KWRKINGWEST RESOURC-0.1116c25k9.1M
PNXPNX METALS-0.110.8c1M12.2M
CYQCYCLIQ GROUP-0.110.8c104k7.0M
CTMCENTAURUS METALS-0.110.8c549k20.7M
MHCMANHATTAN CORP-0.10.9c238k7.4M
DLCDELECTA-0.10.9c396k6.3M
CZRCOZIRON RESOURCE-0.11.8c1M35.7M
CVVCARAVEL MINERALS-0.14.5c10k7.7M
TINTNT MINES-0.118.5c15k6.3M