Lunchtime ASX small cap wrap: who’s winning by a landslide today?

The citizens of the United Kingdom went to the polls overnight and the result looks to be pretty definitive; bring back Boris.

Exit polls indicate the Conservative party led by incumbent Prime Minister Boris Johnson is on track to win an overall majority in UK parliament.

The final results won’t be fully known until around Friday lunchtime in the UK (about midnight on the Aussie east coast).

But exit polls have proved to be accurate in recent UK elections. And if the result holds, Johnson will have the support of his party to drive through Brexit and pass the Withdrawal Agreement Bill by January 31.

With what looks like a definitive break to three years of political gridlock, the UK pound surged higher against all the major currencies. A short time ago, the AUD was trading at 0.5140 UK pence — its lowest level since the Brexit vote in 2016.

Back on the local front, stocks rose on the back of a strong global lead following another round of optimism on US-China trade talks.

The ASX200 was up 0.43 per cent to 6,738 points, while the Small Ords index outperformed with a gain of 0.80 per cent to 2,881 points.

GOING UP

Junior explorer Corazon Mining (ASX:CZN) ticked higher after a drilling update at its fully-owned Lynn Lake nickel-copper-cobalt project in Canada.

The company said all three drill-holes had resulted in “strong nickel-copper-sulphide mineralisation, including a broad zone of more than 35m of sulphide mineralisation”.

Here are the best performing ASX small cap stocks at 12pm Friday December 13:

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Ticker	Name	Price	% Chg	Market Cap
CZN	Corazon Mining Ltd	0.003	+50.00%	$6.1M
SRN	Surefire Resources NL	0.003	+50.00%	$1.9M
ADV	Ardiden Ltd	0.004	+33.33%	$6.8M
SMI	Santana Minerals Ltd	0.004	+33.33%	$10.7M
SIS	Simble Solutions Ltd	0.03	+32.00%	$5.4M
AHL	AHAlife Holdings Ltd	0.01	+25.00%	$10.1M
BAS	Bass Oil Ltd	0.0025	+25.00%	$8.4M
AKM	Aspire Mining Ltd	0.17	+20.69%	$88.8M
EVE	EVE Investments Ltd	0.006	+20.00%	$18.2M
PNV	PolyNovo Ltd	2.06	+18.73%	$1.4B
CE1	Calima Energy Ltd	0.007	+16.67%	$15.1M
COY	Coppermoly Ltd	0.007	+16.67%	$14.9M
NZS	New Zealand Coastal Seafoods L	0.014	+16.67%	$7.4M
FPL	Fremont Petroleum Corp Ltd	0.008	+14.29%	$13.3M
PDI	Predictive Discovery Ltd	0.008	+14.29%	$3.9M
RDN	Raiden Resources Ltd	0.008	+14.29%	$3.5M
AUT	Auteco Minerals Ltd	0.008	+12.50%	$9.0M
CYM	Cyprium Metals Ltd	0.23	+11.90%	$13.2M

GOING DOWN

Energy and resources explorer MEC Resources (ASX:MMR) was among the laggards, falling by almost 30 per cent in morning trade to 0.5c.

The company had no news to report, although the fall comes three days after the company advised of an “anonymous” and “misleading” letter that had been circulated to some shareholders, asking whether they’d been “told in July that MEC will be looking to divest its oil & gas assets”?

Here are the worst performing ASX small cap stocks at 12pm Friday December 13:

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

Ticker	Name	Price	% Chg	Market Cap
PNN	PepinNini Lithium Ltd	0.001	-50.00%	$1.4M
NGY	NuEnergy Gas Ltd	0.01	-41.18%	$14.8M
MMR	MEC Resources Ltd	0.005	-28.57%	$3.4M
EPM	Eclipse Uranium Ltd	0.003	-25.00%	$3.7M
MDI	Middle Island Resources Ltd	0.004	-20.00%	$4.7M
WWI	West Wits Mining Ltd	0.006	-14.29%	$5.5M
OLV	Otherlevels Holdings Ltd	0.012	-14.29%	$3.4M
PAK	Pacific American Holdings Ltd	0.03	-13.33%	$4.6M
TDO	3D Oil Ltd	0.07	-13.10%	$19.4M
CWX	Carawine Resources Ltd	0.2	-13.04%	$15.5M
PWN	Parkway Minerals NL	0.007	-12.50%	$9.2M
AGS	Alliance Resources Ltd	0.1	-12.50%	$16.2M
OVL	Oro Verde Ltd	0.008	-11.11%	$16.0M
MAM	Microequities Asset Management	0.43	-10.53%	$56.5M
ASN	Anson Resources Ltd	0.03	-10.34%	$15.6M
MME	MoneyMe Ltd	1.55	-9.88%	$261.8M