Here are the key ASX small cap winners and losers at lunch Monday Nov 5:

The ASX Small ords index was down 0.08 per cent or 2 points to 2625.8 at 12.30pm AEST

GOING UP

Kids smartwatch-maker MGM Wireless (ASX:MWR) hit its highest point since 2017 today after signing a New Zealand distribution deal.

Spark, a $6.6 billion dollar telecommunications provider, will stock MGM’s “Spacetalk” smartwatch across its 73 New Zealand stores starting November 14.

The news bumped MGM ahead 16 per cent to an intraday high of $3.65 — its highest point since November 2007.

The stock is up ten-fold compared to the 36.5c it was fetching this time last year before a transition from messaging to smartwatches.

Impact Minerals (ASX:IPT) jumped 27 per cent to 1.4c after mining magnate Andrew Forrest increased his stake to almost 15 per cent.

Mr Forrest’s investment vehicle Squadron Resources, which first invested in Impact in 2015, now owns 14.8 per cent of the junior gold and base metals explorer.

The company had $2.7m in cash on hand at the end of the September quarter and is currently exploring a number of projects, including its Blackridge conglomerate gold project, which it announced plans to take 95 per cent of in May.

Tiny Jadar Lithium (ASX:JDR) doubled to 1.5c this morning before going into a trading halt ahead of an announcement expected on Wednesday.

Last month Jadar agreed to buy exploration ground near an advanced project in Austria owned by fellow battery metals hopeful European Lithium.

The under-explored exploration ground was “strategically placed for European manufacturers using lithium”, according to Jadar.

Jadar – which began its foray into lithium exploration in December 2017 – will acquire an 80 per cent share in the exploration licences from private company Exchange Minerals, with first right of refusal over the remaining 20 per cent.

Gina Rinehart-backed Lakes Oil (ASX:LKO) doubled t0 0.1c after moving ahead with an appeal against a court’s rejection of its bid to over-turn Victoria’s ban on gas exploration.

Tiny Lakes Oil  — which is 11 per cent owned by Ms Rinehart’s Hancock Prospecting — last month lost its fight to overturn Victoria’s ban on gas exploration.

The Victorian Supreme Court rejected Lakes Oil’s claims that the government’s state‐wide moratorium on on‐shore gas exploration was unlawful or ineffective.

Lakes chairman Chris Tonkin told Stockhead ahead of the decision — that “it’s likely that we would appeal if it did get to that situation”.

“The company considers that his Honour erred in arriving at his decision,” Lakes Oil said today.

Lakes Oil has filed an “application for leave to appeal”. A response is due November 30.

Australian Mines (ASX:AUZ) rose today on the back of positive driling results at its Sconi cobalt, nickel and scandium project inland from Townsville, Queensland.

The stock gained 13 per cent to an intraday high of 5.3c — close to a two-month high.

AusMines reckons Sconi is “one of the most advanced projects of its type in Australia and represents far more than just an emerging cobalt + nickel + scandium mining project.

“The Sconi project will become a fully-integrated chemical processing operation capable of delivering battery-grade cobalt sulphate and nickel sulphate to our off-take [sales] partner, Korean-based SK Innovation, for direct application at their global electric vehicle battery manufacturing plants without the need for Australian Mines’ cobalt and nickel products to undergo any further processing.”

Pilbara explorer Artemis Resources (ASX:ARV) moved ahead 11 per cent to 15.5c on the back of three more gold discoveries near its Radio Hill processing plant.

That’s still well down on the 59c it touched at the peak of the Pilbara gold nugget rush last year, however.

Artemis (ASX:ARV) found up to 11.4 grams per tonne gold in rock chip samples across a 4.5km long surface anomaly at the ‘Patterson’s Hut’ prospect. It also found more than 5 grams per tonne across 14km at ‘Ruth Well North’ and a number of nuggets across two 1km trends at its ‘Pipeline’ target.

Anything above 5 grams per tonne is considered a high-grade gold find.

Here are the best performing ASX small cap stocks at 12.30pm AEST Monday, Nov 5: 

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

ASX code Company Price change today (12.30pm) Price (12.30pm) Volume Market Cap
PCL PANCONTINENTAL 0.5 0.003 6M 13.5M
DDT DATADOT TECHNOLO 0.5 0.003 376k 2.0M
CLY CLANCY EXPLORATI 0.5 0.003 500k 8.8M
JDR JADAR LITHIUM 0.5 0.015 16M 3.9M
IVZ INVICTUS ENERGY 0.292682926829 0.053 25M 15.0M
SRO SHAREROOT 0.25 0.005 1M 5.3M
LSX LION SELECTION 0.232142857143 0.345 126k 42.0M
RES RESOURCE GENERAT 0.21875 0.078 205k 37.2M
TSC TWENTY SEVEN CO 0.2 0.006 300k 4.5M
SUD SUDA PHARMACEUTI 0.2 0.006 4M 12.9M
LKE LAKE RESOURCES 0.190476190476 0.125 860k 37.8M
IPT IMPACT MINERALS 0.181818181818 0.013 1M 14.5M
AZY ANTIPA MINERALS 0.176470588235 0.02 17M 30.7M
TSN TRANSACTION SOLU 0.166666666667 0.007 300k 13.0M
PNN PEPINNINI LITHIU 0.166666666667 0.007 88k 4.1M
FPL FREMONT PETROLEU 0.166666666667 0.007 100k 5.2M
ARL ARDEA RESOURCES 0.14953271028 0.615 57k 56.2M
RNE RENU ENERGY LTD 0.142857142857 0.008 311k 6.8M
RMX RED MOUNTAIN MIN 0.142857142857 0.008 226k 4.7M
CCE CARNEGIE CLEAN 0.142857142857 0.008 3M 20.2M
4CE FORCE COMMODITIE 0.142857142857 0.024 118k 8.9M
MWR MGM WIRELESS 0.139682539683 3.59 160k 37.7M
AJL AJ LUCAS GROUP 0.134615384615 0.295 159k 195.0M
OOK OOKAMI LTD 0.125 0.018 508k 5.2M
OGX ORINOCO GOLD 0.125 0.018 4M 16.8M
MRV MORETON RESOURCE 0.125 0.009 50k 24.8M
MGT MAGNETITE MINES 0.125 0.009 35k 5.9M
SRH SAFEROADS HLDGS 0.114285714286 0.39 12k 12.7M
SYT SYNTONIC LTD 0.111111111111 0.01 2M 25.0M
RIM RIMFIRE PAC MNG 0.111111111111 0.01 150k 8.5M
AUZ AUSTRALIAN MINES 0.106382978723 0.052 30M 127.6M

 

GOING UP

Cyber security company WhiteHawk (ASX:WHK) cooled off today after more than doubling last week on the back of a deal to consult for the US government.

The stock jumped from 4c to 8.7c last week — but today fell back 11 per cent to an intraday low of 7.5c.

WhiteHawk — a cloud-based cyber security exchange platform — will provide a tailored version of its 360 Cyber Risk Framework service to various US government departments so they can beef up defences against attacks.

The stocks listed at 22c in January.

Here are the worst performing ASX small cap stocks at 12.30pm Monday, Nov 5: 

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

ASX code Company Price change today (12.30pm) Price (12.30pm) Volume Market Cap
THD THRED LTD -0.333333333333 0.002 1M 5.4M
IKW IKWEZI MINING -0.333333333333 0.002 73k 3.0M
ABV ADVANCED BRAKING -0.333333333333 0.002 690k 8.9M
BAS BASS OIL -0.25 0.003 7M 10.4M
CUL CULLEN RES -0.210526315789 0.015 64k 2.2M
CDH CHONGHERR INVEST -0.2 0.004 1M 651.0k
KP2 KORE POTASH -0.172727272727 0.091 299k 94.5M
LCT LIVING CELL TECH -0.166666666667 0.045 2M 30.9M
BSX BLACKSTONE MIN -0.142857142857 0.12 10k 13.5M
GTE GREAT WESTERN -0.142857142857 0.006 70k 6.4M
EVE EVE INVESTMENTS -0.142857142857 0.006 390k 15.9M
AAJ ARUMA RESOURCES -0.142857142857 0.006 100k 3.7M
CTM CENTAURUS METALS -0.125 0.007 2M 18.4M
ZIP ZIPTEL -0.117647058824 0.015 834k 2.5M
JAL JAMESON RESOURCE -0.117647058824 0.15 60k 44.8M
GES GENESIS RESOURCE -0.111111111111 0.008 5k 7.0M
CI1 CREDIT INTELLIGE -0.111111111111 0.016 400k 14.8M
TDO 3D OIL -0.109090909091 0.098 115k 29.1M
PGI PANTERRA GOLD -0.107142857143 0.025 514k 3.9M
AGR AGUIA RESOURCES -0.105263157895 0.17 61k 25.0M
PKD PARKD -0.104166666667 0.215 2k 18.0M
WHK WHITEHAWK -0.103448275862 0.078 13M 7.8M
IVQ INVITROCUE -0.101123595506 0.08 40k 45.7M
SRN SUREFIRE RESOURC -0.1 0.009 60k 4.4M
KAS KASBAH RESOURCES -0.1 0.009 663k 10.5M
SIL SMILES INCLUSIVE -0.1 0.675 28k 43.4M
CVT COVATA -0.0952380952381 0.019 984k 16.3M
PFG PRIME FINANCIAL -0.0952380952381 0.095 206k 20.0M
GAS STATE GAS -0.09375 0.29 20k 43.1M
DMG DRAGON MOUNTAIN -0.0909090909091 0.01 100k 2.9M