Here are the key ASX small cap winners and losers at lunch Wednesday Sep 26:

The ASX Small Ords was up 15.5 points or 0.5 per cent to 2,837.4 at 1pm AEST.

GOING UP

Sheffield Resources (ASX:SFX) has been granted a mining lease for its “Thunderbird” mineral sands project in northern Western Australia, paving the way for construction to begin.

That news sent the stock to an all-time high for the mining junior, with the share price lifting 7 per cent to hit a new high of $1.28 before cooling to $1.21 just after 11am AEST.

Analyst Paul Hissey from Royal Bank of Canada gives Sheffield an ‘outperform’ rating and a share price target of $1.50.

“The receipt of the mining lease for Thunderbird is positive, and in our view, investors should consider permitting to now be a formality,” Mr Hissey said.

Shares in SciDev (ASX:SDV) rose 22 per cent to an intraday high of 1.1c after it got a purchase order for chemicals from $4.1 billion miner Iluka Resources (ASX:ILU).

The Australian mineral sands trial, which starts in the December quarter, will run with a commercial trial of a SciDev OptiFlox System. The trial aims to optimise water recovery, consumable usage and improve tailings deposition.

News of a presentation at a US healthcare conference was enough to send Immutep (ASX:IMM) shares up 9 per cent to an intraday high of 4.8c.

It continues a great week for the cancer biotech, which announced a deal with global big pharma giants Merck and Pfizer earlier in the week, which sent the shares flying.

Immutep chief Marc Voigt will speak at the Ladenburg Thalmann 2018 Healthcare Conference in early October.

Outstanding “sustained” production results sent Brookside Energy (ASX:BRK) up 19 per cent to 1.9c this morning.

The company said its two oil wells in Oklahoma have produced ~860,000BOE (~9% Oil) in the last 10 months and generated US$860,000 in net revenue for Brookside over the same period.

Here are the best performing ASX small cap stocks at 12.30pm Wed Sep 26: 

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ASX code Company Price change today (12pm) Price (12pm) Volume Market Cap
MOX MONAX MINING 0.5 0.3c 38k 1.8M
KTE K2 ENERGY 0.33 1.2c 700k 2.7M
AVW AVIRA RESOURCES 0.33 0.4c 1M 3.0M
FND FINDERS RESOURCE 0.29 22.5c 25k 138.0M
VRX VENTNOR RESOURCE 0.26 12.5c 2M 36.1M
SRO SHAREROOT 0.25 0.5c 125k 5.3M
SPX SPECTRUM RARE EA 0.25 0.5c 5M 2.8M
NSE NEW STANDARD ENE 0.25 0.5c 10k 3.2M
MSR MANAS RESOURCES 0.25 0.5c 367k 10.6M
SDV SCIDEV 0.22 1.1c 1M 5.7M
SDL SUNDANCE RESOURC 0.2 0.6c 5M 45.7M
LRS LATIN RESOURCES 0.2 0.6c 1M 13.9M
IHL IMPRESSION HEALT 0.19 1.9c 9k 5.6M
AUQ ALARA RESOURCES 0.18 2.6c 325k 13.8M
AMT ALLEGRA ORTHOPAE 0.17 14c 20k 11.9M
EVE EVE INVESTMENTS 0.17 0.7c 100k 13.6M
DTM DART MINING NL 0.17 0.7c 1M 5.1M
WWI WEST WITS MINING 0.15 1.5c 7k 9.3M
FOD FOOD REVOLUTION 0.15 15c 575k 56.4M
VML VITAL METALS 0.14 0.8c 205k 12.2M
MZN MARINDI METALS L 0.14 0.8c 280k 12.5M
CZN CORAZON MINING L 0.14 0.8c 18k 8.9M
CL8 COLLABORATE CORP 0.13 1.7c 2M 9.3M
14D 1414 DEGREES 0.13 34c 491k 51.7M
VN8 VONEX 0.13 13.5c 143k 17.7M
ZYB ZYBER HOLDINGS L 0.13 0.9c 65k 5.2M
TV2 TV2U INTERNATION 0.13 0.9c 2M 16.3M
PNN PEPINNINI LITHIU 0.13 0.9c 100k 4.9M
DHR DARK HORSE RESOU 0.13 0.9c 56k 15.4M
CAV CARNAVALE RESOUR 0.13 0.9c 3M 5.3M
BRK BROOKSIDE ENERGY 0.13 1.8c 12M 15.8M
SRI SIPA RESOURCES 0.1 1.1c 240k 12.0M

 

GOING DOWN

Shares in iSignthis (ASX:ISX) dropped 14 per cent to an intraday low of 15.5c before recovering slightly to 16.5c after warning investors its cash receipts will halve this quarter after its European clearing house was placed into administration.

iSignthis — which describes itself as a European-focused payments, eMoney and identity technology company — told investors clearing and settlement of its card networks via partner KAB (Kobenhavns Andelkasse Bank) was “no longer possible”.

Here are the worst performing ASX small cap stocks at 12.30pm Wednesday Sep 26:

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ASX code Company Price change today (12pm) Price (12pm) Volume Market Cap
AQX ALICE QUEEN -0.33 1.8c 135k 12.4M
THD THRED -0.25 0.3c 2M 7.2M
DDD 3D RESOURCES -0.2 0.4c 3M 4.4M
AHN ATHENA RESOURCES -0.2 1.2c 74k 3.3M
CLI CROPLOGIC -0.19 2.1c 166k 3.2M
SFM SANTA FE MINERAL -0.18 11.5c 35k 10.2M
GRV GREENVALE ENERGY -0.17 2.9c 255k 3.3M
ZMI ZINC OF IRELAND -0.17 0.5c 1M 11.7M
BLY BOART LONGYEAR L -0.17 0.5c 10k 157.7M
AVD ANTILLES OIL AND -0.17 3c 132k 4.9M
VAL VALOR RESOURCES -0.14 0.6c 1M 12.8M
RXH REWARDLE HOLDING -0.14 0.6c 140k 2.4M
KLH KALIA -0.14 0.6c 550k 17.6M
EEG EMPIRE ENERGY GR -0.14 2.4c 5M 40.7M
AZI ALTA ZINC -0.14 0.6c 200k 9.6M
ODA ORCODA -0.14 15.5c 22k 16.1M
KBC KEYBRIDGE CAPITA -0.14 7.6c 31k 14.7M
NWF NEWFIELD RESOURC -0.13 13c 73k 87.2M
AGR AGUIA RESOURCES -0.13 13c 11k 19.7M
RGS REGENEUS -0.13 17c 172k 40.7M
GML GATEWAY MINING -0.12 1.5c 71k 14.2M
MCM MC MINING -0.12 34c 1k 54.2M
AVH AVITA MEDICAL -0.11 12c 8M 181.2M
CVV CARAVEL MINERALS -0.11 4c 11k 6.9M
ZIP ZIPTEL -0.11 1.6c 400k 2.7M
KEY KEY PETROLEUM -0.11 0.8c 1M 12.1M
PO3 PURIFLOH -0.11 49c 10k 15.0M
MNW MINT PAYMENTS -0.11 2.5c 20k 22.0M
FEL FE -0.11 1.7c 11k 7.0M
LER LEAF RESOURCES L -0.1 6c 66k 16.8M
ISX ISIGNTHIS -0.08 16.5c 2M 180.9M