Here are the key ASX small cap winners and losers at lunch Thursday 22 November:

The ASX Small Ords was up 25.1 points or one per cent to 2,543.4 at 12:40pm AEST.

GOING UP

To say it was a bloody good morning to be a shareholder in Eon NRG (ASX:E2E) might be an understatement. The company’s shares rose a breathtaking 483 per cent to an intraday high of 3.5c after its monthly revenue rose.

Eon NRG had closed Wednesday at 0.6 of a cent.

Sales revenue for October hit $US660,000 ($929,000). In the last quarter oil and gas sales revenue totalled $US1.2m, or about $US406,000 a month.

About a third of the sales were from natural gas and the remainder was oil and gas condensates — a heavier form of gas that condenses into liquid form.

Shares in LiveHire (ASX:LVH) rose 21 per cent to 46c after securing its fourth enterprise agreement with Korn Ferry, “one of the world’s leading recruitment process outsourcing firms”.

LiveHire, which describes itself as a talent acquisition and engagement platform, says it will provide its platform to one of Korn Ferry’s clients, which will lead to increased annualised recurring revenue for the company.

Retailer Noni B (ASX:NBL) had a good morning with its shares rising 18 per cent to $3.04 following its annual general meeting.

Its chairman Richard Facioni and managing director Scott Evans told investors they were “pleased with year-to-date progress despite what has been widely observed as a very difficult retail environment”.

LogiCamms (ASX:LCM) has finally appointed a new CEO, a Chris O’Neill, and investors sent the share price up 15 per cent to 15c.

Mr O’Neill has more than 25 years’ Australian and international experience across the resources, energy and infrastructure industries, most recently as executive general manager for development (resources and industrial) for Broadspectrum from 2014 to 2018.

Here are the best performing ASX small cap stocks at 12.30pm Thursday 22 November: 

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ASX code Company Today's price change (12.15pm AEDT) Price Nov 19 (12.15pm ) Volume Market Cap
E2E Eon NRG 300% 2.4c 110,390,707 $2.4m
S3R Serpentine Technologies 50% 0.3c 1,100,000 $1.4m
RMI Resource Mining Corp 33% 1.2c 30,000 $2.7m
LCY Legacy Iron Ore 33% 0.4c 460,000 $4.4m
MCM MC Mining 33% 50c 1,909 $52.8m
SKN Skin Elements 27% 3.3c 816,389 $2.7m
NOR Norwood Systems 25% 0.5c 396,009 $5.3m
LVH LiveHire 24% 47c 364,993 $101.3m
FPL Fremont Petroleum 20% 0.6c 3,909,682 $5.6m
EFE Eastern Iron 20% 0.6c 897,600 $2.1m
NBL Noni B 17% $3 170,548 $249.6m

 

GOING DOWN
Cannabis investor MMJ Group has begun its first proper day of trading after a six-week holiday from the bourse, with shares in the company falling 21 per cent the moment the market opened.

MMJ Group (ASX:MMJ) owns minority stakes in 10 businesses, and has been in trading suspension since October 5 as it transitioned from medical cannabis company MMJ Phytotech to cannabis investment company MMJ Group.

MMJ shares fell from its October 4 close of 33c to 26c when the market opened this morning.

Here are the worst performing ASX small cap stocks at 12.30pm Thursday 22 November: 

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ASX code Company Today's price change (12.15pm AEDT) Price Nov 19 (12.15pm ) Volume Market Cap
LKO Lakes Oil -50% 0.1c 13,496,010 $60.6m
MDI Middle Island Resources -43% 0.4c 2,240,000 $4.9m
RIE Riedel Resources -40% 1.8c 336,000 $12.5m
FTT Factor Therapeutics -33% 0.2c 65,535,267 $2.5m
FNT Frontier Resources -30% 0.7c 412,275 $4.9m
BAS Bass Oil -25% 0.3c 975,000 $10.4m
SRO Shareroot -25% 0.3c 725,000 $5.3m
AUL Austar Gold -25% 0.3c 331,672 $13.6m
OGX Orinoco Gold -23% 1c 22,179,025 $14m
MZN Marindi Minerals -20% 0.5c 3,417,500 $9.9m