First, the big news.

Keen internet observers today noticed that a picture of Scott Morrison with his family on his website showed him with two photoshopped left feet.

Let’s see who’s walking a straight line in small cap land.

Here are the key ASX small cap winners and losers at lunch Wednesday January 9:

The ASX Small Ords was up 25.1 points or 1 per cent to 2,514.1 at 12.15pm AEST.

GOING UP

You’ll see below that the Kasbah Resources (ASX:KAS) share price has risen 789 per cent, from 0.9c to 8c.

That’s because the company did a consolidation of its share capital, reducing its shares by a factor of 10, a way of artificially inflating the per share price.

The number of KAS shares on issue has fallen from 1.06 billion to 106 million.

Beadell Resources (ASX:BDR) has missed even its lowered gold production target for 2018, but shareholders didn’t seem to mind.

The junior producer was hoping to achieve at least 125,000 to 135,000 ounces, but came in 1.3 per cent below the low end of its guidance with 123,336 ounces from the Tucano mine in Brazil.

Despite the misfire, the company’s share price climbed 9.4 per cent to 5.8c on Wednesday morning.

Peninsula Mines (ASX:PSM) shares jumped 25 per cent to half a cent thanks to news it signed an MoU with South Korean high-tech manufacturer Tera Technos.

Tera Technos supplies lithium ion battery anodes. Testing will be conducted on PSM’s graphite concentrate samples.

News of delisting was enough to send ITL Health (ASX:ITD) flying, up 25 per cent to 15c before lunch.

Shareholders voted overwhelmingly in favour of removing the company from the official list.

“The board now looks forward to being able to deliver better returns to shareholders in the future that were not being delivered via the ASX in terms of value, liquidity and lower business costs,” it said.

Vanadium explorer Pursuit Minerals (ASX:PUR) shares rose as much as 40 per cent on Tuesday morning, to an intraday high of 4.9c, after it returned high-grade vanadium in magnetite concentrates from its Koitelainen Vosa prospect in northern Finland.

Pursuit wants to upgrade its exploration target at Koitelainen Vosa to a JORC inferred mineral resource as the next major step towards project development.

Here are the best performing ASX small cap stocks at 12.30pm Tuesday January 9:  

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

ASX Code Name Intraday price change Price 12:30pm Volume Market cap
KAS Kasbah Resources 7.89 8c 7,500 $950k
VPR Volt Power 1 0.2c 50,000 $8.2m
AHL Ahalife 0.5 1.2c 1,213,992 $5.4m
PUR Pursuit Minerals 0.49 5.3c 26,546,431 $4.3m
TRL Tanga Resources 0.33 0.4c 100,000 $3.8m
MRQ MRG Metals 0.25 0.5c 1,070,000 $2.7m
ITD ITL Health 0.25 15c 263,699 $10.3m
PSM Peninsula Mines 0.25 0.5c 2,258,525 $3.5m
DHR Dark Horse Resources 0.25 0.5c 1,100,000 $7.9m
UNL United Networks 0.25 2c 697,418 $790k

 

GOING DOWN
Stock in data sharing company Shareroot fell 50 per cent after it revealed yet another free trial for one of its products.

The company has signed up another St Vincent’s Hospital affiliate to trial its MediaConsent product, a service that allows a person to share a range of data yet control who has access.

Shares fell from 0.2c to 0.1c on Wednesday morning. The 52-week high is 0.8c.

Here are the worst performing ASX small cap stocks at 12.30pm Tuesday January 9:  

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

ASX Code Name Intraday price change Price 12:30pm Volume Market cap
SRO Shareroot -0.5 0.1c 10,267 $3.1m
SPB South Pacific Resources -0.43 0.4c 400,000 $1.2m
MNC Metminco -0.33 0.2c 400 $3.4m
NGI Navigator Global Instruments -0.29 $3.02 1,762,899 $682.6m
ICG Inca Minerals -0.25 0.3c 919,045 $11.9m
1AG Alterra -0.24 2.9c 4,700 $5.6m
HOR Horseshoe Metals -0.23 1c 500,000 $2.5m
BLY Boart Longyear -0.2 0.4c 1,977,966 $131.5m
EXO Ennox Group -0.2 0.4c 10,127,432 $8.8m
GLV Global Vanadium -0.2 0.4c 4,515,350 $14.1m