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 code Company Intraday price change (to 12.45pm ) Price Jun 14 Market Cap Volume
MEM MEMPHASYS 1 0.002 5.1M 991k
TMK TAMASKA OIL & GA 0.5 0.003 3.9M 200k
MNB MINBOS RESOURCES 0.5 0.003 13.3M 15M
AIY AUTHORISED INVES 0.375 0.066 10.6M 438k
CFO CFOAM 0.375 0.22 18.6M 497k
OVL ORO VERDE 0.333333333333 0.004 2.9M 2M
REV REAL ESTATE INVE 0.272727272727 0.014 1.3M 45k
DSE DROPSUITE 0.255319148936 0.059 22.6M 817k
PNX PNX METALS 0.25 0.01 8.7M 112k
MSR MANAS RESOURCES 0.25 0.005 10.6M 1M
CLZ CLASSIC MINERALS 0.25 0.005 6.9M 680k
BAS BASS OIL 0.25 0.005 10.4M 140k
XST XSTATE RESOURCES 0.2 0.006 3.9M 100k
SER STRATEGIC ENERGY 0.2 0.006 4.2M 100k
BUY BOUNTY OIL & GAS 0.2 0.006 4.8M 100k
DRO DRONESHIELD 0.194444444444 0.215 30.5M 1M
LRS LATIN RESOURCES 0.166666666667 0.007 15.7M 60k
GBZ GBM RESOURCES 0.166666666667 0.007 5.2M 78k
MTH MITHRIL RESOURCE 0.153846153846 0.015 1.6M 133k
MJC MEJORITY CAPITAL 0.153846153846 0.03 3.2M 62k
VN8 VONEX 0.147058823529 0.195 25.1M 874k
DAV DAVENPORT RESOUR 0.142857142857 0.064 6.1M 57k
CHK COHIBA MINERALS 0.142857142857 0.008 3.9M 4M
PYC PHYLOGICA 0.136363636364 0.025 47.1M 333k
DCL DOMACOM 0.133333333333 0.068 7.0M 225k

 

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 code Company Intraday price change (to 12.45pm ) Price Jun 14 (12.45pm) Market Cap Volume
IDO INDO MINES -0.6 0.002 2.7M 257k
WOF WOLF PETROLEUM -0.4 0.009 10.7M 140k
VPR VOLT POWER GROUP -0.333333333333 0.002 24.7M 450k
SYS SYNGAS -0.333333333333 0.002 1.7M 375k
BIT BIOTRON -0.28 0.018 10.2M 3M
TKF TIKFORCE -0.25 0.003 775.5k 550k
SHK STONE RESOURCES -0.25 0.003 3.2M 250k
ROG RED SKY ENERGY -0.25 0.003 2.1M 957k
PVL POWERHOUSE VENTU -0.25 0.18 7.0M 20k
CLY CLANCY EXPLORATI -0.2 0.004 15.6M 1M
AUH AUSTCHINA HOLDIN -0.2 0.004 5.6M 58k
CA8 COASSETS -0.185185185185 0.22 52.0M 10k
DAF DISCOVERY AFRICA -0.176470588235 0.014 3.1M 643k
IVO INVIGOR GROUP -0.166666666667 0.005 7.5M 501k
SPZ SMART PARKING -0.160714285714 0.235 100.6M 5M
AVC AUCTUS ALTERNATI -0.16 0.042 11.1M 200k
SKN SKIN ELEMENTS -0.152542372881 0.05 4.6M 10k
ICU ISENTRIC -0.142857142857 0.03 6.4M 10k
CNX CARBON ENERGY -0.142857142857 0.12 9.1M 5k
ZYB ZYBER HOLDINGS -0.142857142857 0.006 4.6M 100k
TSN TRANSACTION SOLU -0.142857142857 0.006 15.2M 2M
VRC VOLT RESOURCES -0.137931034483 0.025 39.7M 1M
SIH SIHAYO GOLD -0.133333333333 0.013 27.8M 2M
AXP AIRXPANDERS-CDI -0.129032258065 0.135 44.6M 449k
MTB MOUNT BURGESS -0.125 0.007 3.4M 67k