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Here are the key ASX small cap winners and losers at lunchtime Thursday June 14.

The ASX Small Ords was up 14 points or 0.5% to 2,852 at 1pm AEST.

MOST TRADED

Atlas Iron (ASX:AGO) was again the most heavily traded ASX small cap today — but this time the shares were heading south after bad news on its port develoment plans.

The West Australian transport minister told the $400 million company it did not control the right to develop new berths in Port Hedland — because the ports were set aside for junior miners.

Atlas said the government’s position was “contrary to the previous stated policy of the West Australian
government and is considering its position with respect to this notice”.

Atlas shares jumped sharply this week after Andrew Forrest’s Fortescue Metals and Gina Rinehart’s Hancock Prospecting emerged as suitors — with their eyes on the port development rights.

Atlas shares jumped 57 per cent to 4.4c early this week — but today fell back 18 per cent to 3.6c

GOING UP

Industrial strength foam maker CFoam (ASX:CFO) jumped 75 per cent this morning after the US navy agreed to use its its carbon foam panels in a new warship.

CFoam hit an intraday high of 28c in early Thursday trade compared to yesterday’s close of 16c.

The stock cooled to 22c by 1.30pm AEST — but it was still the second biggest small cap mover of the day.

CFoam’s carbon foam will be used in an exhaust system which will be fitted to an Arleigh Burke Class Destroyer at the start of 2019.

Tech stock Dropsuite (ASX:DSE), moved ahead 25 per cent to an intraday high of 5.9c after telling investors it had passed 300,000 paying users of its online back-up service for small and medium businesses.

That’s up from 250,000 users a month earlier — and was due to a marketing campaign by an IT partner.

Dropsuite also signed up a Vietnamese hosting provider Mat Bao which will sell Dropsuite’s Backup for Websites and Office 365 product.

“Our expansion into Vietnam is most pleasing and in the near future we expect to secure new partnerships in Europe,” said Dropsuite boss Charif Elansari.

Drone-killer Droneshield (ASX:DRO) flew to the heavens after winning its first multi-million dollar order, selling 70 of its Dronegun tactical jammers to an undisclosed Middle Eastern country for $3.2 million.

Droneshield (ASX: DRO) says it’s the biggest known order ever placed for anti-drone equipment globally.

The shares gained 25 per cent to an intraday high of 22.5c in early Thursday trade. It was trading at 20.5c at 1.30pm AEST.

Junior explorer Mithril Resources (ASX:MTH) gained 7 per cent to 1.5c after its partner decided to bale out of a project in Western Australia — giving it full control over the 7km nickel target.

Here’s a snapshot of the best performing ASX small caps at 12.45pm AEST Thursday Jun 14.

Swipe or scroll for full table. Click headings to sort data:

ASX codeCompanyIntraday price change (to 12.45pm )Price Jun 14Market CapVolume
MEMMEMPHASYS10.0025.1M991k
TMKTAMASKA OIL & GA0.50.0033.9M200k
MNBMINBOS RESOURCES0.50.00313.3M15M
AIYAUTHORISED INVES0.3750.06610.6M438k
CFOCFOAM0.3750.2218.6M497k
OVLORO VERDE0.3333333333330.0042.9M2M
REVREAL ESTATE INVE0.2727272727270.0141.3M45k
DSEDROPSUITE0.2553191489360.05922.6M817k
PNXPNX METALS0.250.018.7M112k
MSRMANAS RESOURCES0.250.00510.6M1M
CLZCLASSIC MINERALS0.250.0056.9M680k
BASBASS OIL0.250.00510.4M140k
XSTXSTATE RESOURCES0.20.0063.9M100k
SERSTRATEGIC ENERGY0.20.0064.2M100k
BUYBOUNTY OIL & GAS0.20.0064.8M100k
DRODRONESHIELD0.1944444444440.21530.5M1M
LRSLATIN RESOURCES0.1666666666670.00715.7M60k
GBZGBM RESOURCES0.1666666666670.0075.2M78k
MTHMITHRIL RESOURCE0.1538461538460.0151.6M133k
MJCMEJORITY CAPITAL0.1538461538460.033.2M62k
VN8VONEX0.1470588235290.19525.1M874k
DAVDAVENPORT RESOUR0.1428571428570.0646.1M57k
CHKCOHIBA MINERALS0.1428571428570.0083.9M4M
PYCPHYLOGICA0.1363636363640.02547.1M333k
DCLDOMACOM0.1333333333330.0687.0M225k

 

GOING DOWN

UK-focused robo parking cop Smart Parking (ASX:SPZ) was in reverse today after downgrading its earnings amid a heavy British winter.

“During the recent winter months in the UK, Britain experienced the coldest winter in 7 years which was accompanied by heavy snowfalls. The inclement weather affected car parks usage, car counts and, as a result, fewer breach notices than expected were issued.”

Smart Parking now expected 180,000 to 190,000 infingements to be issued on its system which was “below the company’s expectations”.

Before on-off costs, underlying EBITDA profit for the seocnd half would be between $2 milllion and $2.4 million.

Smart Parking also said it had concluded an investigation into the behaviour of two top British execs who sacked for breaches of corporate policies.

“The conduct, whilst inappropriate, did not involve any illegal or criminal activity,” the company said.

Here’s a snapshot of the worst performing ASX small caps at 12.30pm AEST Thursday Jun 14.

Swipe or scroll for full table. Click headings to sort data:

ASX codeCompanyIntraday price change (to 12.45pm )Price Jun 14 (12.45pm)Market CapVolume
IDOINDO MINES-0.60.0022.7M257k
WOFWOLF PETROLEUM-0.40.00910.7M140k
VPRVOLT POWER GROUP-0.3333333333330.00224.7M450k
SYSSYNGAS-0.3333333333330.0021.7M375k
BITBIOTRON-0.280.01810.2M3M
TKFTIKFORCE-0.250.003775.5k550k
SHKSTONE RESOURCES-0.250.0033.2M250k
ROGRED SKY ENERGY-0.250.0032.1M957k
PVLPOWERHOUSE VENTU-0.250.187.0M20k
CLYCLANCY EXPLORATI-0.20.00415.6M1M
AUHAUSTCHINA HOLDIN-0.20.0045.6M58k
CA8COASSETS-0.1851851851850.2252.0M10k
DAFDISCOVERY AFRICA-0.1764705882350.0143.1M643k
IVOINVIGOR GROUP-0.1666666666670.0057.5M501k
SPZSMART PARKING-0.1607142857140.235100.6M5M
AVCAUCTUS ALTERNATI-0.160.04211.1M200k
SKNSKIN ELEMENTS-0.1525423728810.054.6M10k
ICUISENTRIC-0.1428571428570.036.4M10k
CNXCARBON ENERGY-0.1428571428570.129.1M5k
ZYBZYBER HOLDINGS-0.1428571428570.0064.6M100k
TSNTRANSACTION SOLU-0.1428571428570.00615.2M2M
VRCVOLT RESOURCES-0.1379310344830.02539.7M1M
SIHSIHAYO GOLD-0.1333333333330.01327.8M2M
AXPAIRXPANDERS-CDI-0.1290322580650.13544.6M449k
MTBMOUNT BURGESS-0.1250.0073.4M67k