Australia's Ash Barty dispatched the world #1 during the Sydney International ahead of the Aus Open. Pic: Matt King

Here are the key ASX small cap winners and losers at lunch Friday January 11:

The ASX Small Ords was down 1.3 points or 0.1 per cent to 2,504.2 at 12.20pm AEST.

GOING UP

Berkeley Energia (ASX:BKY) was the biggest winner at lunch, rising as much as 88 per cent to hit an intraday high of 46c, the stock’s highest point since October last year.

The company was forced to address speculation in the Spanish media saying the uranium hopeful is about to snag a crucial endorsement from Spain’s nuclear watchdog for its contentious Salamanca uranium project.

The Reuters source said the watchdog, CSN, is going to approve two studies next week which examined Salamanca’s potential radiation effects on the general environment, among other safety concerns.

Used car marketer iCar Asia (ASX:ICQ) was trumpeting its customer receipts on Friday morning, sending the shares up 42 per cent to an intraday high of 18c.

The company says it took 36 per cent more in cash receipts in the December quarter 2018 compared to the same period in 2017.

But what it didn’t say was cash takings have also been falling for the last two quarters, and growth in the period prior to that — the June quarter — was weak at a mere 2 per cent.

Receipts were in fact down quarter-on-quarter by 5.5 per cent.

Dropsuite (ASX:DSE), which lost more than half its value in October last year when it lost nearly half a million users, is showing signs of recovery.

The stock was up as much as 65 per cent on Friday, hitting 4.3c before settling at a more tame 3.8c before lunch.

The company issued an operations update saying its “annualised revenue run rate” was up 40pc year-on-year.

Eclipse Metals (ASX:EPM) rose 33 per cent to 0.4c over “positive progress” on a gravimetric survey it is undertaking at its Northern Territory uranium site.

Here are the best performing ASX small cap stocks at 12pm Friday January 11:

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ASX CodeNameIntraday price change Price 12:30pm VolumeMarket cap
SROShareRoot10.2c252,525$1.6m
DSEDropsuite0.544c5,943,324$12.5m
BKYBerkeley Energia0.5237.5c3,041,114$63.3m
ICQiCar Asia0.3517.5c2,160,615$49.7m
EPMEclipse Metals0.330.4c316,476$3.5m
SPBSouth Pacific Resources0.250.5c100,000$660k
HAWHawthorn Resources0.255.5c430,000$14.4m
FELFe0.21.8c633,712$5.6m
PSMPeninsula Mines0.20.6c50,000$4.3m
TV2TV2U International0.20.6c2,658,333$10.4m

 

GOING DOWN

A change of auditor was all it took for Southern Hemisphere Mining (ASX:SUH) shares to fall, dropping 31 per cent to 3.1c at lunch, albeit on only 2,000 trades.

The company has swapped RSM Australia Partners for PKF Perth.

Here are the worst performing ASX small cap stocks at 12pm Friday January 11:

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ASX CodeNameIntraday price change Price 12:30pm VolumeMarket cap
RAWRawson Oil & Gas-0.450.6c120,957$1.2m
XPEXped-0.330.2c90,000$4.5m
STCSinetech-0.330.2c200$2.1m
SUHSouthern Hemisphere Mining-0.313.1c2,000$4m
HS8Harris Technology-0.291c60,000$2.2m
ENXEnegex-0.211.1c5,000$1.1m
POHPhosphagenics-0.20.4c6,890,000$7.9m
NORNorwood Systems-0.20.4c461,584$7.2m
BLYBoart Longyear-0.20.4c252,380$131.5m
MDIMiddle Island Resources-0.170.5c295,000$4.2m