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Here are the key ASX small cap winners and losers at lunchtime on Friday, December 14:

The ASX Small Ords was down 25.7 points or 1 per cent to 2,508.6 at 12.30pm AEST.

GOING UP
It’s taking a lot to move the market in the weeks before Christmas, but Flamingo AI (ASX:FGO) has done it by signing its first ever commercial contract.

By midday on Friday, Flamingo AI was the biggest mover among small caps on the ASX.

The stock rose 57 per cent to 2.2c, after they signed a deal for ‘self-organising library’ software called LIBBY with US insurer Nationwide Mutual.

Northern Cobalt (ASX:N27) says its “Running Creek” prospect has become a priority target after an IP survey identified what could be a huge copper and cobalt deposit at depth.

Investors loved the news, sending the explorer up almost 30 per cent to 8.5c by midday.

Forester Midway (ASX:MWY) has hit an all-time high of $3.33 after revealing it had secured commitments from Chinese customers to pay an extra 11 per cent for its premium woodchips next year.

The increase will see Chinese customers paying on average $252 per bone dry tonne for Midway’s flagship eucalyptus globulus woodchips. Midway says this will have a “positive impact” on its bottom line.

4DS Memory (ASX:4DS) has had a tap on the door from the ASX after its stock rocketed 33 per cent to an intraday high of 5.6c this morning.

The data storage company had no news out, but more than 25 million shares worth $1.3m traded hands.

But 4DS said it had no answer for the movement.

Here are the best performing ASX small cap stocks at 12.30pm Friday December 14: 

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ASX CodeNameIntraday price change Price 12:30pm VolumeMarket cap
FGOFlamingo AI43%2c15,510,011$12.7m
N27Northern Cobalt36%9c200,226$2.8m
QTGQ Technology Group33%0.4c31,417$0.14m
AGEAlligator Energy33%0.4c2,028,750$3m
GASState Gas30%97.5c759,674$41.6m
RIERiedel Resources27%1.9c7,000$6.3m
PMYPacifico Minerals25%0.5c120,000$6.5m
AUTAuteco Minerals25%0.5c258,622$3.6m
RANRange International21%2.9c28,363$4.8m
SUDSuda Pharmaceuticals20%0.6c776,075$12.9m

 

GOING DOWN

Property develop Villa World (ASX:VLW) fell 16 per cent to an intraday low of $1.55 today after the company backtracked on its profit guidance.

Last month, Villa World said it would bank $40 million profit after tax, but now it is declining to provide a figure thanks to the “significant” deterioration of housing conditions and consumer sentiment.

The high at Donaco International (ASX:DNA) gaining as much as 116 per cent yesterday didn’t last long. After from the announcement of a bullish strategic review, the stock has fallen 30 per cent today to 4.9c.

Here are the worst performing ASX small cap stocks at 12.30pm Friday December 14: 

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ASX CodeNameIntraday price change Price 12:30pm VolumeMarket cap
VMGVDM Group-50%0.1c300,000$11.8m
HCOHylea Metals-50%0.1c2,200,000$3.6m
TPDTalon Petroleum-33%0.2c103,387$3.8m
AVWAvira Resources-33%0.2c3,500$3m
DNADonaco International-30%4.8c29,976,504$57.7m
LNYLaneway Resources-25%0.3c500,000$14.1m
AULAustar Gold-25%0.3c115,006$13.6m
NORNorwood Systems-20%0.4c6,000,000$6.6m
SI6Six Sigma Metals-20%0.4c20,833$2.3m
SMDSyndicated Metals-17%0.5c686,000$3.8m