If it’d been up to the rest of the world, New Zealand would now have ‘laser eye kiwi’ as the flag.

The famous non-flag is now a 28km charity bike route in Auckland (not the capital) that involved two hours of huffing bikes through bush and “awkward riding”.

At home in Australia no one wanted to be that energetic on a Wednesday, with the markets basically flat at lunchtime.

Here are the key ASX small cap winners at lunchtime on Wednesday, April 10:

The ASX Small Ords was up 6.5 points or 0.2 per cent to 2,790.7 at 12.00 AEST.

GOING UP

Rox Resources (ASX:RXL) was up a tidy 38 per cent after partnering with Venus Metals (ASX:VMC) to help it close an acquisition of the Youanmi gold project in Western Australia.

Venus struck a deal in May last year that gave it an option to buy the Youanmi project for $5.5m via a combination of shares and cash. Under this new deal, Rox can earn an initial 50 per cent stake by paying Venus $2.5m in cash and issuing $200,000 worth of shares.

Invigor (ASX:IVO) was up there today after securing a WeChat Pay marketing deal with luxury Asian retailer Club 21. Invigor will integrate its ad and loyalty tech into WeChat Pay, targeting predominantly Chinese tourists, who’ll redeem offers when they shop at Club 21 stores in Singapore.

HR tech smallcap intelliHR (ASX:IHR) had a great morning after reporting global annual recurring revenue in excess of $1 million thanks to increased sales in New Zealand.

Admedus (ASX:AHZ) surged 21 per cent before its directors could get it into a trading halt. No word on what the reason could be, as the health equipment company said only that it’s locked up until they have something to say or until the ASX lets them out.

And Flinders Resources (ASX:FMS) is up on news that it’s not delisting, because of that push to spill the board three weeks ago that brought together a whopping 52 shareholders against the proposition.

Here are the best performing ASX small cap stocks at 11.30 on Wednesday, April 10.

Swipe or scroll to reveal the full table. Click headings to sort

Ticker Name Price % Chg Volume
VPR Volt Power Group 0.002 50% 25.3K
CLZ Classic Minerals 0.002 50% 400K
RXL Rox Resources 0.011 38% 13.31M
PNN Pepinnini Lithium 0.004 33% 6.8M
IVO Invigor 0.004 33% 6.8M
VAL Valor Resources 0.004 33% 455K
EVO Evolve Education 0.37 27% 676.5K
NEW Norwest Energy 0.003 25% 10.3K
IHR IntelliHR 0.135 23% 3.8K
AHZ Admedus 0.092 21% 3.8M
E2E EON NRG 0.006 20% 150K
ABV Advance Braking Technology 0.012 20% 43.4K
FMS Flinders Resources 0.044 18% 729.4K
MTH Mithril Resources 0.007 17% 400K
PMY Pacifico Minerals 0.007 17% 8.06M
TV2 TV2U 0.007 17% 18.8M

 

GOING DOWN

On the downside, there was at least one announcement that looked like it should be a pumper, not a dumper.

Lindian Resources (ASX:LIN) signed an exclusive option agreement with KB Bauxite Guinea SARLU to buy the Gauoal bauxite project “directly adjacent to two world class bauxite deposits”.

It’s more understandable that Trek Metals (ASX:TKM) dropped by 17 per cent: they just told shareholders 10.6m shares are coming out of escrow on April 27, or 2.4 per cent of their shares on issue.

Here are the worst performing ASX small cap stocks at 11.30 on Wednesday, April 10.

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Ticker Name Price % Chg Volume
APG Austpac Resources 0.001 -33% 3.0M
AXT Argo Exploration 0.01 -29% 41.2K
MTB Mt Burgess Mining 0.003 -25% 7.4K
GLA Gladiator Resources 0.002 -25% 2.4M
AVH Avita Medical 0.375 -20% 17.4M
LIN Lindian Resources 0.015 -21% 1.7M
AUL Austar Gold 0.004 -20% 1.2M
SCI Silver City Minerals 0.009 -18% 819.7K
ARE Argonaut Resources 0.014 -18% 10.2M
TKM Trek Metals 0.005 -17% 107.4K
GBZ GBM Resources 0.005 -17% 1.5M
PDI Predictive Discovery 0.01 -17% 1.0M
ADV Ardiden 0.003 -14% 1.0M
BLY Boart Longyear 0.003 -14% 330K
CSE Copper Strike 0.1 -13% 15K
WRM White Rock Minerals 0.007 -13% 1.1M
AQD Ausquest 0.014 -13% 50K