Here are the key ASX small cap winners and losers at lunch Monday Nov 12:

The ASX Small Ords was down 9.2 points or 0.34 per cent to 2,671 at 12.30pm AEST.


Ramelius Resources (ASX:RMS) is offering Explaurum (ASX:EXU) a sweetener to get its takeover across the line and EXU shares are up 18 per cent to an intraday high of 13c.

Explaurum told investors this morning Ramelius would add 5c cash per share to its original offer of one Ramelius share for every four Explaurum shares held. The new deal values Explaurum at about 15.25c per share, or $73.4m.

Ramelius shares were down 6pc however, to an intraday low of 38.5c.

Food Revolution Group (ASX:FOD) struck a big distribution deal in China that sent its shares up 29 per cent to an intraday high of 15.5c.

Sinopec, the Chinese petrochemical giant, is keen to sell the Australian company’s canola oil products in its 35,000 mainland petrol stations.

The deal is still at an early stage — products, volume and prices are still to be finalised.

Shares in Encounter Resources (ASX:ENR) doubled in Monday morning trade, hitting 8c, after it announced it would join forces with Independence Group (ASX:IGO) to advance a copper and cobalt project in Western Australia.

Independence Group is a $2.5 billion diversified mining company, and it is buying $1.8m worth of ENR shares as part of the deal.

Fe Investments Group (ASX:FEI) told investors its non-property loan book has grown by more than $13 million in the past six months, causing its shares to rise 39 per cent this morning to an intraday high of 12.5c.

The company also announced a $2m cap raise via a private placement.

Here are the best performing ASX small cap stocks at 12.15pm Monday November 12:

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ASX code Company Price change today (12.15pm) Price (12.15pm) Volume Market Cap
ENR ENCOUNTER RESOUR 0.88 0.075 694k 9.5M
FEI FE INVESTMENTS G 0.39 0.125 500 13.5M
STC SINETECH 0.33 0.004 400k 2.1M
KNM KNEOMEDIA 0.21 0.034 151k 17.9M
SRI SIPA RESOURCES 0.2 0.012 50M 12.0M
ECG ECARGO HOLDINGS 0.2 0.18 34k 92.3M
DHR DARK HORSE RESOU 0.2 0.006 1M 10.9M
CXU CAULDRON ENERGY 0.2 0.042 192k 11.5M
AD1 APPLYDIRECT 0.2 0.036 182k 7.4M
9SP 9 SPOKES INTERNA 0.2 0.036 150k 14.9M
AIB AURORA GLOBAL IN 0.18 0.225 3k 1.4M
EXU EXPLAURUM 0.18 0.13 468k 53.0M
SUD SUDA PHARMACEUTI 0.17 0.007 11M 15.5M
OEX OILEX 0.17 0.007 11M 13.6M
AZY ANTIPA MINERALS 0.16 0.029 121M 45.1M
RDM RED METAL 0.14 0.12 161k 22.1M
MRV MORETON RESOURCE 0.14 0.008 62k 21.7M
EVE EVE INVESTMENTS 0.14 0.008 9M 17.0M
EM1 EMERGE GAMING 0.14 0.008 600k 4.1M
CCE CARNEGIE CLEAN E 0.14 0.008 529k 20.2M
PM8 PENSANA METALS L 0.14 0.024 923k 25.2M
RED RED 5 0.14 0.074 423k 80.7M
AX8 ACCELERATE RESOU 0.13 0.11 242k 4.6M
CRO CIRRALTO 0.13 0.017 40k 5.9M
FOD FOOD REVOLUTION 0.13 0.135 3M 59.9M
FFG FATFISH INTERNET 0.12 0.028 269k 12.9M
FLN FREELANCER 0.12 0.865 269k 354.8M
ICI ICANDY INTERACTI 0.12 0.077 70k 21.3M
RTR RUMBLE RESOURCES 0.11 0.05 57k 16.1M
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Shares in Phosphagenics (ASX:POH) have taken a significant hit this morning, falling 92 per cent to an intraday low of 0.2c, after it lost a court case against big pharma company Mylan.

It told investors it was unsuccessful in all of its claims in the Singapore International Arbitration Centre (SIAC), after spending over $5 million in court costs.

0.2c is an all-time low, which is nothing to be sniffed at for a company that has been listed for 25 years. More than 115 million shares have traded hands in the sell-off.

Here are the worst performing ASX small cap stocks at 12.15pm Monday November 12:

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ASX code Company Price change today (12.15pm) Price (12.15pm) Volume Market Cap
POH PHOSPHAGENICS -0.88 0.003 102M 41.0M
GCR GOLDEN CROSS RES -0.5 0.035 28k 7.1M
AHK ARK MINES -0.4 0.04 391k 3.3M
EMP EMPEROR ENERGY L -0.33 0.002 333k 2.7M
TPD TALON PETROLEUM -0.25 0.003 275k 5.0M
NSE NEW STANDARD ENE -0.25 0.003 14k 3.2M
MLS METALS AUSTRALIA -0.25 0.003 1M 8.2M
ARO ASTRO RESOURCES -0.25 0.003 170k 3.5M
HOR HORSESHOES METAL -0.23 0.01 195k 2.5M
BKP BARAKA ENERGY AN -0.2 0.004 1M 14.1M
HGM HIGH GRADE METAL -0.18 0.023 409k 12.7M
JAT JATENERGY -0.17 0.071 14M 60.2M
TSC TWENTY SEVEN CO -0.17 0.005 517k 5.4M
TMX TERRAIN MINERALS -0.17 0.005 354k 3.9M
OVL ORO VERDE -0.17 0.005 8M 9.3M
MZN MARINDI METALS L -0.17 0.005 22k 11.9M
88E 88 ENERGY -0.17 0.02 13M 138.6M
CGN CRATER GOLD MINI -0.17 0.025 62k 8.4M
ACL ALCHEMIA -0.15 0.011 997k 4.2M
RMX RED MOUNTAIN MIN -0.14 0.006 889k 4.7M
PMY PACIFICO MINERAL -0.14 0.006 2M 9.5M
CTM CENTAURUS METALS -0.14 0.006 1M 16.1M
AGR AGUIA RESOURCES -0.13 0.195 305k 29.6M
AWN AROWANA INTERNAT -0.13 0.2 18k 36.4M
HAW HAWTHORN RESOURC -0.13 0.041 3k 15.4M
SMI SANTANA MINERALS -0.13 0.007 1M 4.5M
HIP HIPO RESOURCES L -0.13 0.014 31k 6.2M
ONE ONEVIEW HEAL-CDI -0.12 0.92 100 70.3M
VMS VENTURE MINERALS -0.12 0.022 755k 13.0M
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