Here are the key ASX small cap winners and losers at lunch Monday Nov 12:

The ASX Small Ords was down 1.6 per cent or 43 points to 2639.7 at 12.50pm AEST.

GOING UP

Rollercoaster biotech stock Biotron (ASX:BIT) jumped 40 per cent to 14.5c today after confirming it would present detailed results from its HIV drug trial in the US at the end of the month.

Biotron hit 20-bagger status last month after announcing its flagship drug BIT225, had “significant immunological outcomes” in a Phase 2 clinical trial.

The test results were “a major step to the ultimate goal of curing HIV-1 infection”, Biotron boss Dr Michelle Miller said at the time.

The stock took off from 1.9c to a high of 44.5c on October 17 before cooling to 10c.

That attracted the attention of the ASX which issued a six-page query about the anouncements.

At the time Biotron said detailed trial results would be released at an “upcoming scientific conference in the USA in late 2018 / 2019”.

Today the biotech confirmed the results would be presented at the “HIV DART and Emerging Viruses 2018” conference in Miami, Florida sometime between November 27 and 29.

Metalcity (ASX:MCT) moved ahead 31 per cent today after acquiring ground next to Rio Tinto in the Paterson province of Western Australia.

Miners have been scrambling to acquire exploration ground after unconfirmed reports of a big copper discovery by Rio Tinto (ASX:RIO) in the Paterson province have gained momentum.

The stock jumped to 2.1c.

Metalicity also handed over 10 million shares to its second biggest shareholder Fortescue Metals (ASX:FMG) in part-payment for lithium sites in the Pilbara.

Metalicity is hoping to sell its WA zinc and lithium by the March quarter (by IPO, sale or joint venture) to fund its nickel and copper exploration.

Mining services group PPK (ASX:PPK) put on 28 per cent to 41c after buying a stake in a nanofibre technology developed at Victoria’s Deakin University.

PPK will acquire 50 per cent of the patented “Boron Nitride Nanotubes” manufacturing technology from tech incubator Australian Innovation Centre.

Deakin nanotechnology expert Professor Ying Chen described the nanotubes as “one of the strongest and lightest nanofibres known to man…

“They are seen as a revolutionary breakthrough in creating super strong, lightweight composite materials such as steel, aluminium, titanium, glass and plastic in entirely new forms.”

Nickel explorer TopTung (ASX:TTW) gained 22.5 per cent to 4.9c after a maiden drilling program showed a high-grade Canadian nickel project could become a near term low-cost mining and toll milling operation.

TopTung told investors every hole of a 9-hole program at Alotta intersected nickel, copper, platinum group elements, cobalt and silver close to the surface.

Drilling at the recently acquired project was design to follow up on 2001 drilling program by a previous owner, which had outlined a near surface nickel-copper-cobalt-PGE mineralised lens.

Here are the best performing ASX small cap stocks at 12.15pm Tuesday Nov 13:

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ASX code Company Today's price change Price Nov 13 (12.15pm ) Volume Market Cap
LKO LAKES OIL 1 0.002 4M 30.3M
WBE WHITEBARK ENERGY 0.5 0.003 587k 3.9M
GLA GLADIATOR RESOUR 0.5 0.003 200k 2.5M
EMP EMPEROR ENERGY 0.5 0.003 15M 2.3M
BIT BIOTRON 0.45 0.145 17M 54.5M
OEX OILEX 0.428571428571 0.01 14M 15.9M
MCT METALICITY 0.375 0.022 350k 9.5M
MLS METALS AUSTRALIA 0.333333333333 0.004 1M 7.0M
BAS BASS OIL 0.333333333333 0.004 1M 7.8M
AUL AUSTAR GOLD 0.333333333333 0.004 3M 10.2M
PPK PPK GROUP 0.28125 0.41 863 19.8M
ZMI ZINC OF IRELAND 0.25 0.005 155k 7.8M
OVL ORO VERDE 0.25 0.005 2M 6.2M
ANL AMANI GOLD 0.25 0.005 1M 6.4M
TTW TOPTUNG 0.225 0.049 997k 8.3M
SMD SYNDICATED METAL 0.2 0.006 40k 3.5M
KGD KULA GOLD 0.2 0.024 110k 7.5M
EHX EHR RESOURCES 0.1875 0.038 451k 4.1M
SUD SUDA PHARMACEUTI 0.142857142857 0.008 49M 18.1M
SPQ SUPERIOR RESOURC 0.142857142857 0.008 1M 4.8M
CRO CIRRALTO 0.142857142857 0.016 636k 5.5M
TTI TRAFFIC TECHNOLO 0.129032258065 0.035 239k 14.9M
RMI RESOURCE MINING 0.125 0.009 39k 2.4M
RSH RESPIRI 0.120481927711 0.093 15k 39.3M
PIQ PROTEOMICS INTER 0.117647058824 0.38 121k 27.2M
SBR SABRE RES 0.111111111111 0.01 350k 3.7M
RES RESOURCE GENERAT 0.107142857143 0.062 101k 32.6M
SVT SERVTECH GLOBAL 0.1 0.011 30k 2.1M
CDT CASTLE MINERALS 0.1 0.011 100k 2.2M
KP2 KORE POTASH-CDI 0.0952380952381 0.115 26k 90.2M

 

GOING DOWN

Triangle Energy (ASX:TEG) dropped 16 per cent to 6.7c after unveiling a $1.25 million capital raising from wealthy investors.

Triangle sold 19.3 million shares at 6.5c — a 19 per cent to discount to yesterday’s closing rice of 8c.

Triangle also plans to raise another $3.8 million via an entitlement offer at the same price.

Here are the worst performing ASX small cap stocks at 12.15pm Tuesday Nov 13:

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ASX code Company Today's price change Price Nov 13 (intraday) Volume Market Cap
IKW IKWEZI MINING -0.333333333333 0.002 333k 3.0M
CA8 COASSETS -0.310344827586 0.1 5k 29.8M
SPX SPECTRUM METALS -0.285714285714 0.005 435k 6.1M
CAG CAPE RANGE -0.224137931034 1.8 326k 194.1M
NMS NEPTUNE MARINE -0.210526315789 0.3 3k 23.3M
AYR ALLOY RESOURCES -0.2 0.004 2M 7.9M
MCM MC MINING -0.189189189189 0.3 28 52.1M
HCH HOT CHILI -0.176470588235 0.014 199 12.8M
IHR INTELLIHR HOLDIN -0.166666666667 0.125 5k 15.8M
TEG TRIANGLE ENERGY -0.1625 0.067 423k 17.4M
AON APOLLO MINERALS -0.157894736842 0.16 2k 31.9M
WRM WHITE ROCK MINER -0.142857142857 0.006 2M 11.5M
TKM TREK METALS -0.142857142857 0.012 3M 4.4M
GED GOLDEN DEEPS -0.142857142857 0.042 241k 8.4M
FPL FREMONT PETROLEU -0.142857142857 0.006 500k 6.0M
AL8 ALDERAN RESOURCE -0.135135135135 0.16 34k 24.0M
CYQ CYCLIQ GROUP -0.125 0.007 513 6.3M
CVS CERVANTES CORP -0.125 0.007 126k 4.0M
CCE CARNEGIE CLEAN E -0.125 0.007 1M 23.1M
IVQ INVITROCUE -0.1125 0.071 5k 41.1M
VN8 VONEX -0.111111111111 0.12 118k 19.9M
DCL DOMACOM -0.111111111111 0.08 95k 11.8M
OAR OAKDALERESOURCES -0.111111111111 0.016 20k 1.2M
EQE EQUUS MINING -0.111111111111 0.016 40k 15.5M
EAX ENERGY ACTION -0.108695652174 1.025 186k 29.8M
CLI CROPLOGIC -0.107142857143 0.025 133k 3.5M
PKD PARKD -0.105263157895 0.17 20k 14.3M
CRL COMET RESOURCES -0.105263157895 0.034 60k 7.8M
FRX FLEXIROAM -0.10447761194 0.06 20k 14.9M
ROO ROOTS SUSTAI-CDI -0.104166666667 0.215 6k 15.4M