Here are the key ASX small cap winners and losers at lunch Tuesday Aug 14:

The ASX Small Ords was up 25.5 points or 0.9 per cent to 2,821.8 at 1pm AEST.

GOING UP

Oil and gas producer Carnarvon (ASX:CVN) was up 16 per cent to an intraday high of 47c, with investors responding well to an update from the $481 million company that its main oil target would be “highly profitable for shareholders in due course”.

It was a course correction after shares plunged 33 per cent on Monday following disappointing gas drilling results.

Carnarvon said on Monday that its Phoenix South-3 well had located a hydrocarbon reservoir, but that the rock might not be permeable enough to actually extract anything. They weren’t able to extract anything to determine if the reservoir held oil or gas.

But on Tuesday, the company’s shares were back up 16 per cent at 47c after a note saying Carnarvon’s Phoenix wells have already confirmed that there is a “significant gas condensate resource” there.

Hill End Group (ASX:HEG) continued its good week, with another 20 per cent bump on top of yesterday’s 48 per cent gain.

The $11.8 million company was trading at an intraday high of 9.6c just before midday. A Monday analyst report on the High Purity Alumina producer valued the stock at 38c.

HPA — created from aluminous clay using various chemical procedures — is used as a base material for making lithium ion battery components, LED lights, smart phone screens and surgical tools.

A report by Independent Investment Research senior analyst Mark Gordon said Hill End would benefit from growth in annual demand for HPA of 15-20 per cent over coming years.

Following an exclusive chat with Klaus Eckhof for Stockhead, shares in Lachlan Star (ASX:LSA) climbed for the second consecutive day, trading at an intraday high of 2c, an 11pc bump.

The company’s shares soared 43 per cent yesterday after appointing appointing Mr Eckhof, a well-known mining investor, as executive director.

Mr Eckhof is best known for leading popular lithium producer AVZ Minerals (ASX:AVZ) until he recently stepped down as chairman. He’s also a director of Okapi Resources (ASX:OKR).

Shares in mobile gamer iCandy (ASX:ICI) soared 29 per cent this morning to an intraday high of 12.5 cents.

Fellow mobile gamer Animoca Brands (ASX:AB1) picked up $4 million in ICI shares to take a substantial shareholding of 8.3pc.

Earlier in the year Animoca sold 318 mobile game apps to iCandy for $8 million in cash and shares. The companies are betting on the rise in popularity of cryptocurrency games.

Here are the best performing ASX small cap stocks at 12.45pm Tuesday, Aug 14:

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ASX code Company Price change today Price (12.45pm) Volume Market Cap
BDI BLINA MINERALS N 1 0.002 3M 4.3M
PPY PAPYRUS AUSTRALI 0.777777777778 0.016 288k 2.0M
VPR VOLT POWER GROUP 0.5 0.003 170k 20.6M
PRL PETREL ENERGY 0.5 0.003 3M 6.0M
LKO LAKES OIL NL 0.5 0.003 3M 71.9M
DDT DATADOT TECHNOLO 0.5 0.003 1M 1.6M
IQ3 IQ3CORP 0.5 0.24 35k 16.6M
DCL DOMACOM 0.333333333333 0.088 20k 7.7M
HCO HYLEA METALS 0.25 0.005 19M 11.2M
GPP GREENPOWER ENERG 0.25 0.005 300k 5.8M
AZI ALTA ZINC 0.2 0.006 653k 6.8M
AYR ALLOY RESOURCES 0.2 0.006 467k 7.3M
SFG SEAFARMS GROUP L 0.2 0.12 208k 166.7M
RGI ROTO-GRO INT. 0.171875 0.375 1k 30.5M
ZYB ZYBER HOLDINGS L 0.166666666667 0.007 80k 3.9M
TSN TRANSACTION SOLU 0.166666666667 0.007 128k 13.0M
MDX MINDAX 0.166666666667 0.014 25k 9.9M
IEC INTRA ENERGY COR 0.153846153846 0.015 405k 5.0M
CAS CRUSADER RESOURC 0.148148148148 0.031 40k 13.6M
EXO ENNOX GROUP 0.142857142857 0.008 7M 8.4M
ICI ICANDY INTERACTI 0.134020618557 0.11 129k 29.3M
TPS THREAT PROTECT A 0.125 0.18 71k 17.9M
BBX BBX MINERALS 0.125 0.18 23k 63.5M
PCL PANCONTINENTAL 0.125 0.009 4M 42.1M
ACL ALCHEMIA 0.125 0.009 565k 2.6M
BUX BUXTON RESOURCES 0.121212121212 0.185 13k 18.9M
IS3 I SYNERGY GROUP 0.12 0.14 160k 23.2M
ESH ESPORTS MOGUL AS 0.115384615385 0.029 2M 32.7M
MDR MEDADVISOR 0.114285714286 0.039 139k 46.1M
HEG HILL END GOLD 0.1125 0.089 1M 11.8M

GOING DOWN

Clancy Exploration (ASX:CLY) is down 14 per cent to 0.3c to match the issue price of new shares following a capital raising.

The $9.4 million company announced today that it had raised $750,000 to accelerate exploration in Morocco.

The funds will be used to accelerate exploration activities including a maiden drilling program at the Bou Amzil Extension licence which lies in close proximity to the westernmost shaft of the famous Bou Azzer cobalt mine.

Clancy is issuing 250 million ordinary shares at 0.3c a pop.

Here are the worst performing ASX small cap stocks at 12.45pm Tuesday, Aug 14:

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ASX code Company Price change today Price (12.45pm) Volume Market Cap
WCN WHITE CLIFF MINE -0.5 0.001 500k 5.8M
RRS RANGE RESOURCES -0.5 0.001 2M 17.0M
APG AUSTPAC RES -0.5 0.001 6M 4.0M
IKW IKWEZI MINING -0.333333333333 0.002 1M 3.0M
PGS PLANET GAS -0.25 0.003 32k 2.2M
CLY CLANCY EXPLORATI -0.25 0.003 570k 10.9M
MLS METALS AUSTRALIA -0.2 0.004 15M 11.7M
BUY BOUNTY OIL & GAS -0.2 0.004 90k 4.8M
SER STRATEGIC ENERGY -0.166666666667 0.005 2M 5.0M
AUL AUSTAR GOLD -0.166666666667 0.005 300k 11.6M
STN SATURN METALS -0.153846153846 0.165 108k 10.9M
RBR RBR GROUP -0.142857142857 0.006 4M 4.9M
HT8 HARRIS TECHNOLOG -0.133333333333 0.026 461 4.6M
AZM AZUMAH RES -0.130434782609 0.02 1M 18.0M
CMD CASSIUS MINING L -0.128205128205 0.034 32k 10.2M
NOR NORWOOD SYSTEMS -0.125 0.007 600k 10.6M
MRQ MRG METALS -0.125 0.007 5M 5.3M
OOK OOKAMI -0.115384615385 0.023 364k 8.1M
RVA REVA MEDICAL-CDI -0.111111111111 0.24 19k 111.9M
MAG MAGMATIC RESOURC -0.111111111111 0.04 94k 5.6M
WRM WHITE ROCK MINER -0.111111111111 0.008 1M 14.7M
MPW MSL SOLUTIONS -0.108108108108 0.165 197k 46.1M
MZN MARINDI METALS L -0.1 0.009 500k 17.8M
MCT METALICITY -0.1 0.018 415k 11.6M
PTX PRESCIENT THERAP -0.0989010989011 0.082 185k 19.3M
ARS ALT RESOURCES -0.0975609756098 0.037 100k 8.0M
SI6 SIX SIGMA METALS -0.0909090909091 0.01 15k 5.0M
CDT CASTLE MINERALS -0.0909090909091 0.01 220k 2.5M
ADV ARDIDEN -0.0909090909091 0.01 1M 18.4M
BUL BLUE ENERGY -0.0886075949367 0.072 154k 92.9M