Here are the key ASX small cap winners and losers at lunch Wednesday Nov 14:

The ASX Small Ords was down 1 per cent or 26 points to 2608.2 at 12.40pm AEDT.

GOING UP

Marquee Resources (ASX:MQR) took off this morning after securing a deal to supply cobalt from its Canadian project to a big Chinese battery cathode maker.

Shares shot up 62 per cent to an intra-day high of 12.5c just after market open on Wednesday.

The junior explorer has signed a deal with Zhejiang Meidu Haichuang Lithium Battery Technology — described as “one of the most significant Chinese operating enterprises involved in the manufacture of battery cathode materials”.

Boss Charles Thomas says demand for cobalt is strong in China.

“The interest shown by numerous Chinese end users demonstrates the strong appetite for cobalt and in particular the potential product that Werner Lake could deliver,” he said.

Alderan Resources (ASX:AL8) made similar gains this morning after “assays” (or lab tests) showed high-grade copper in a big mineral deposit called Accrington — part of its Frisco project in the US state of Utah.

The stock jumped 44 per cent to an intraday high of 26c.

The results “confirm the potential of Accrington to host high-grade copper mineralisation”, the company said

One-armed robot bricklayer FBR (ASX:FBR) — formerly known as FastBrick — gained 21 per cent to an intraday high of 20.5c after building its first house in fewer than three days — a milestone described as a “world first”.

The “Hadrian X” robot built a 180 square metre, three-bedroom, two-bathroom home.

“What we have achieved here is a quantum leap for the construction industry,” said FBR boss Mike Pivac.

“We are excited by the performance and results, given this work was completed in test speed and for the very first time.”

The feat was accomplished after completing Factory Acceptance Testing of the Hadrian X construction robot.

Anson Resources (ASX:ASN) put on more than 20 per cent t0 10.5c after tests at its Paradox lithium project showed growing recovery rates when producing lithium hydroxide.

Anson estimates overall lithium recovery is now about 70 per cent after extraction and downstream processing. That compares to rates of 50 per cent achieved in operations such as the South American Salars — which have higher grades, Anson told investors.

Anson wants to produce lithium-rich brines at its Paradox project in the US state of Utah – an 11-hour drive from electric car maker Tesla’s “gigafactory”.

Here are the best performing ASX small cap stocks at 12.10pm Wednesday Nov 14:

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ASX code Company Today's price change Price Nov 14 (12.10pm ) Volume Market Cap
WGL WANGLE TECH 50 0.003 167k 5.2M
POH PHOSPHAGENICS 50 0.003 38M 3.2M
MQR MARQUEE RESOURCE 42.8571428571 0.11 10k 3.3M
AL8 ALDERAN RESOURCE 38.8888888889 0.25 42k 23.3M
KP2 KORE POTASH 36.3636363636 0.15 147k 94.5M
FIN FIN RESOURCES 28.5714285714 0.018 144k 5.3M
BKP BARAKA ENERGY 25 0.005 744k 11.3M
ANL AMANI GOLD 25 0.005 344k 6.4M
WSI WESTSTAR INDUSTR 25 0.015 50k 5.9M
CSE COPPER STRIKE 22.2222222222 0.11 28k 9.6M
KZR KALAMAZOO RESOUR 21.0526315789 0.115 72k 8.5M
TV2 TV2U 20 0.006 5M 10.2M
SI6 SIX SIGMA METALS 20 0.006 5M 2.3M
MTB MOUNT BURGESS 20 0.006 3k 2.2M
TBH BETMAKERS HOLDIN 18.6440677966 0.07 148k 13.2M
FBR FBR 18.1818181818 0.195 1M 176.3M
SXX SOUTHERN CROSS 16.6666666667 0.007 575k 6.5M
CTM CENTAURUS METALS 16.6666666667 0.007 323k 13.8M
LVH LIVEHIRE 15.3846153846 0.45 359k 104.0M
RAP RESAPP HEALTH 15 0.115 3M 69.3M
LSR LODESTAR MINERAL 15 0.023 234k 15.0M
ASN ANSON RESOURCES 15 0.092 2M 39.5M
ARX ARC EXPLORATION 14.7058823529 0.195 82 4.3M
ATU ATRUM COAL 14.4578313253 0.095 353k 29.9M
CCE CARNEGIE CLEAN E 14.2857142857 0.008 755k 20.2M
ERL EMPIRE RESOURCES 12.5 0.009 835k 4.3M
CNL CELAMIN HOLDINGS 11.5384615385 0.029 350 2.3M
RNU RENASCOR RESOURC 11.1111111111 0.02 571k 17.3M
OEX OILEX 11.1111111111 0.01 27M 20.4M
KSS KLEOS SPACE SA 11.1111111111 0.11 39k 10.6M

 

GOING DOWN

Wow. Factor Therapeutics (ASX:FTT) lost pretty much all its value this morning — dropping 97 per cent on the back of a failed clinical trial.

Factor was testing a wound-dressing drug to treat venous leg ulcers — but it comprehensively failed and the stock fell from 7.3c yesterday to 0.2c today.

The business is now capped at just $1.7 million with more than $59 million wiped from the stock in the first hour of trade.

The company has also commenced an immediate downsizing, halting all activity aside from maintaining its intellectual property.

Here are the worst performing ASX small cap stocks at 12.10pm Wednesday Nov 14:

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ASX code Company Today's price change Price Nov 14 (12.10pm ) Volume Market Cap
FTT FACTOR THERAPEUT -0.958904109589 0.003 3M 60.9M
NTD NATIONAL TYRE & -0.422222222222 0.52 34k 92.4M
PVS PIVOTAL SYST-CDI -0.355555555556 1.45 37k 249.7M
LHB LIONHUB GROUP -0.2 0.04 250 41.3M
SBR SABRE RES -0.2 0.008 1M 4.1M
SRH SAFEROADS HLDGS -0.175675675676 0.305 56k 13.5M
CHP CHAPMANS -0.166666666667 0.005 617k 1.6M
BIT BIOTRON -0.162790697674 0.18 131M 117.2M
RIM RIMFIRE PAC MNG -0.142857142857 0.006 571k 7.4M
KTE K2 ENERGY -0.142857142857 0.006 264k 2.1M
CZN CORAZON MINING L -0.142857142857 0.006 492k 8.9M
ADV ARDIDEN -0.142857142857 0.006 1M 11.7M
ADO ANTEO DIAGNOSTIC -0.133333333333 0.013 1M 17.3M
LML LINCOLN MINERALS -0.125 0.007 100k 4.6M
EM1 EMERGE GAMING -0.125 0.007 100k 4.7M
9SP 9 SPOKES INTERNA -0.117647058824 0.03 409k 16.8M
HZN HORIZON OIL -0.115384615385 0.115 476k 169.3M
RCP REDBANK COPPER L -0.111111111111 0.016 181k 2.1M
ZER ZETA RESOURCES L -0.1 0.36 71k 115.4M
RXL ROX RESOURCES -0.1 0.009 50k 12.6M
BNL BIG STAR ENERGY -0.1 0.009 424k 3.3M
RFR RAFAELLA RESOURC -0.1 0.135 185 5.7M
AR9 ARCHTIS -0.0967741935484 0.14 142k 19.1M
SLR SILVER LAKE RESO -0.0961538461538 0.47 545k 264.1M
MEM MEMPHASYS -0.0952380952381 0.038 7M 15.3M
1ST 1ST GROUP -0.0909090909091 0.03 157k 6.8M
ARM AURORA MINERALS -0.0909090909091 0.02 15k 2.6M
TNY TINYBEANS GROUP -0.0886075949367 0.36 55k 12.9M
TLX TELIX PHARMA -0.0875912408759 0.75 79k 174.6M
NVO NVOI -0.0833333333333 0.011 6M 5.0M