The Blockbuster store in Morley, Western Australia has decided to pull up stumps.

This leaves a store in Oregon, US, as the final vestige of a time long past – when DVD rental chains dominated the world — and they seem pretty stoked about it.

According to management, the Blockbuster in Bend is booming and not even close to shutting down.

Booming.

Anyway, it’s Friday and the ASX small ordinaries aren’t doing as well; they’re down 0.47 per cent to 2777.1 by lunchtime EST.

Here are the big movers among small cap stocks for today, March 8:

WINNERS:

Red Sky Energy (ASX:ROG) has applied for ministerial consent to transfer the South Australia-based Innamincka Dome licenses from Beach Energy (ASX:BPT).

The news sent shares up 67 per cent in morning trade.

The purchase of Beach’s interest in the Innamincka Dome project, which was mothballed in 2015 due to a downturn in oil and gas markets, includes existing production infrastructure, storage tanks, yards and camp facilities.

Red Sky says it’s keen to get cracking on resuming oil and gas production as soon as possible.

Explorer Geopacific Resources (ASX:GPR) will mop up Kula Gold’s (ASX:KGD) remaining interest in the advanced 1 million ounce Woodlark gold project in Papua New Guinea to streamline its development.

Right now, Geopacific owns 85 per cent of Kula (and over 90 per cent of Woodlark) following a hostile takeover bid in 2017.

But after Geopacific becomes sole owner, Kula will cease to be a subsidiary and be free to “pursue new opportunities”, Geopacific says.

Kula investors loved it, send the stock up 15 per cent in early trade.

Here are the best performing ASX small cap stocks at 11.45am Friday March 8: 

ASX Code Name Last price Percentage change Market cap Volume
ROG Red Sky Energy 0.003 67% $2,100,000 1.3M
NVO NVOI 0.005 67% $2,100,000 12.3M
N27 Northern Cobalt 0.06 50% $3,200,000 202.6k
NTU Northern Minerals 0.07 42% $100,400,000 5.6M
OVL Oro Verde 0.004 33% $6,200,000 160.0k
RNX Renegade Exploration 0.004 33% $2,100,000 250.0k
CL8 Collaborate Corp 0.015 25% $10,800,000 1.4M
LRS Latin Resources 0.003 25% $6,500,000 166.7k
PCL Pancontinental Oil & Gas 0.003 25% $13,500,000 200.0k
SBR Sabre Resources 0.005 25% $2,000,000 1.3M
FPL Fremont Petroleum 0.011 22% $13,600,000 82.3M
SEI Speciality Metals International 0.03 21% $16,100,000 1.9M
RIM Rimfire Pacific Mining 0.006 20% $6,400,000 1.6M
UUV UUV Aquabotix 0.04 17% $5,600,000 10.0k
CLI CropLogic 0.015 15% $4,400,000 3.1M
KGD Kula Gold 0.023 15% $8,600,000 219.7k
SPT Splitit Payments 1.54 15% $403,800,000 17.1M
POH Phosphagenics 0.004 14% $6,300,000 200.0k
VML Vital Metals 0.008 14% $13,900,000 740.0k

 

LOSERS:

But the aforementioned news wasn’t as good for Geopacific, which actually fell 17 per cent.

Zinc producer Symbol Mining (ASX:SL1) has had to hit up its major shareholder for another loan extension and hand over more of its offtake rights to get it.

On top of that, its major shareholder — Hong Kong-based commodities trader Noble Resources — has said the zinc Symbol is shipping is much lower grade than expected.

This saw the share price slide 12.5 per cent to 1.4c on Friday morning.

Here are the worst performing ASX small cap stocks at 11.45am Friday March 8: 

ASX Code Name Last price Percentage change Market cap Volume
AZI Alta Zinc 0.004 -33% $5,500,000 4.8M
AVW Avira Resources 0.002 -33% $2,000,000 17.5k
PNN PepinNini Lithium 0.003 -25% $2,500,000 250.6k
QGL Quantum Graphite 0.002 -20% $15,000,000 642.3k
A Amani Gold 0.002 -20% $7,000,000 2k
TMX Terrain Minerals 0.004 -20% $2,600,000 2.9M
SMI Santana Minerals 0.004 -20% $2,800,000 10.0k
SMD Syndicated Metals 0.004 -20% $2,500,000 60.0k
AGY Argosy Minerals 0.12 -18% $106,200,000 6.6M
BLZ Blaze International 0.02 -17% $4,100,000 200.0k
AYR Alloy Resources 0.003 -17% $3,900,000 300.0k
AAJ Aruma Resources 0.006 -14% $3,500,000 124.6k
EXR Elixir Petroleum 0.03 -14% $12,300,000 4.1k
AGR Aguia Resources 0.1 -13% $15,700,000 100.0k
AGE Alligator Energy 0.004 -13% $3,500,000 2.7M
JXT Jaxsta 0.12 -11% $26,200,000 1.5k
CT1 CCP Technologies 0.008 -11% $3,600,000 16.0k
MEI Meteoric Resources 0.008 -11% $4,600,000 1.4M
PSZ PS&C 0.07 -11% $18,000,000 8.4k