Lunchtime ASX small cap wrap: Who’s so nearly caught one today?

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After an extraordinary few days in the dramatic second Ashes Test at Lord’s over the weekend — which featured new England fast bowling superstar Jofra Archer in an immense battle with Australia’s “best since Bradman” batsman Steve Smith — the match ended in a draw, with England unable to bowl Australia out.

The third Test in the series kicks off in just three days’ time, so please forgive this author for any egregious bleary-eyed mistakes in the lunchtime wrap.

Both the ASX small ords and the ASX 200 had a great start to the week, the former up 0.41 per cent to 2,779 points while the latter was up 0.9 per cent to 6,463 points.

Going up

Plant-based meat was good news for Roots (ASX:ROO) this morning, with the company’s shares jumping 31 per cent to 6c on news it would use its innovative crop-growing technology to boost strength and yield of high-protein beans and peas.

Winchester Energy (ASX:WEL) stood out because it recovered significant oil.

The Texas-focused explorer has swabbed two intervals at its Arledge 16#2 well and the combined rate is 80 barrels of oil per day. Shares jumped nearly 20 per cent at market open.

Here are the best performing ASX small cap stocks at lunchtime, Monday August 19:

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

Going down

IPB Petroleum (ASX:IPB) shares fell 36 per cent to 2c after it received a response to its submission to the National Offshore Petroleum Titles Administrator (NOPTA). NOPTA said it did not support the duration of the proposed extended well at Idris or Gwydion, but was willing to consider an extended production test once a licence was granted. IPB said it planned to continue discussions to agree on a work program with NOPTA.

Here are the worst performing ASX small cap stocks at lunchtime, Monday August 19:

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

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