Here are the key ASX small cap winners and losers at lunch Monday, November 26.

The ASX Small Ords was pretty steady, down around 7.6 points — or 0.3 per cent — to 2,534.3 at 12:30pm AEST.

GOING UP

Diamond explorer Newfield Resources had a running start to the week, announcing a 7.4 million carat resource at its flagship Tongo project in Sierra Leone.

Investors are happy with the news — sending the Newfield (ASX:NWF) share price up almost 34 per cent to 16c by midday.

The company says this 7.4 million carat resource was limited to a certain depth and covered just four of the 11 targets at Tongo – which means it will probably get bigger.

Shares in Marindi Metals (ASX:MZN) are up 25 per cent today after the gold explorer announced extensions to the high-grade gold at its Great Southern prospect in Western Australia.

Marindi’s share price climbed to an intra-day high of 0.5c on the exchange of 1.7 million shares by 11.30am AEDT.

It said historical mines on its tenement produced parcels of ore at grades of up to 19.5 grams per tonne (g/t) and vein grades of up to 50g/t.

Anything over 5g/t is considered high-grade.

Paradigm Biopharma (ASX:PAR) also had a good morning, with its share price up almost 18 per cent to $1.12 on no news.

Earlier this month, osteoarthritis patients treated with Paradigm Biopharma’s repurposed drug are reporting significant reduction in knee pain ahead of a formal release of trial results expected before Christmas.

Paradigm is now up over 215 per cent over the past year.

Biotech dazzler Biotron (ASX:BIT) also jumped over 18 per cent this morning to 22.5c on no news – still a long way from the heady heights of 44.5c seen in October.

Biotron (ASX:BIT) hit 20-bagger status last month after announcing its flagship drug BIT225, had “significant immunological outcomes” in a Phase 2 clinical trial.

Here are the best performing ASX small cap stocks at 12.30pm Thursday 22 November: 

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ASX codeCompanyToday's price change (12.15pm AEDT)Price Nov 19 (12.15pm )VolumeMarket Cap
LKOLakes Oil100%0.2c2,500,000$30.3m
ZYBZyber Holdings50%1.5c27,156,647$6.5m
CLYClancy Exploration50%0.3c2,957,349$7m
NWFNewfield Resources42%17c384,028$69.8m
WBEWhitebark Energy33%0.4c4,641,858$4.7m
MDIMiddle Island Resources33%0.5c1,724,800$2.8m
AQIAlicanto Minerals25%3.5c820,768$3.7m
MZNMarindi Metals25%0.5c1,747,986$7.9m
GGEGrand Gulf Energy25%0.5c14,510,038$3.1m
MSIMultistack International20%0.6c15,000$560k

 

GOING DOWN

The share price of gold explorer Minrex Resources (ASX:MRR) fell over 26 per cent this morning to 2.2c — a yearly low — after announcing less-than-impressive soil sampling results from its Deflector Extended gold project.

The assay results were “generally low”, the company said, with a highest value soil sample being 15 part per billion (ppb) of gold, and 0.13 grams per tonne gold in rock samples.

Here are the worst performing ASX small cap stocks at 12.30pm Friday 23 November:

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ASX codeCompanyToday's price change (12.15pm AEDT)Price Nov 19 (12.15pm )VolumeMarket Cap
ITDITL Health-50%7.5c93,674$12.8m
AHKArk Mines-35%1.5c92,000$1.1m
RMIResource Mining Corp-25%0.9c554,090$3.6m
LCYLegacy Iron Ore-25%0.3c500,000$5.9m
SDVScidev-22%0.7c2,707,311$5.7m
MDIMiddle Island Resources-20%0.4c748,591$3.5m
MATMatsa Resources-19%10.5c238,706$23m
CXZConnexion Media-14%0.6c6,800$5.9m
NWFNewfield Resources-14%12c150,193$81.4m
IVOInvigor Group-14%0.6c1,353,847$10.6m