Here are the key ASX small cap winners and losers at lunch Tuesday Sep 25:

The ASX Small Ords was 9 points or 0.3 per cent to 2817 at 1pm AEST.

GOING UP

Noxopharm (ASX:NOX) rose 15 per cent to an intraday high of 73.5c, continuing its rise after announcing yesterday that it had discovered a way to inhibit a protein involved in the development of autoimmune diseases.

Noxopharm announced this morning that its majority-owned subsidiary Nyrada had discovered a compound that is a “potent inhibitor” of the protein — known as IRAK4.

The good news at Avita Medical (ASX:AVH) continued, with the stock rising 20 per cent to an intraday high of 12c this morning though the company had no fresh news out.

On Friday Avita won approval from the FDA to sell its spray-on skin technology in the United States.

Some $1.6 million worth of shares traded hands before lunch today.

Shares in Fremont Petroleum (ASX:FPL) rose 29 per cent to an intraday high of 0.9c after telling investors that it would commence drilling at its US Vespucci well in early October.

Vespucci #1 will be drilled as a vertical well and is targeting production from a multi stage fracture stimulation in the B and C Benches of the Niobrara Formation, the company told investors.

Cougar Metals (ASX:CGM) was the biggest gainer at lunch, rising 67 per cent to an intraday high of 0.5c — with $104,440 worth of shares trading hands — after telling investors it had reached a settlement in arbitration with DNI Metals concerning a graphite project in Madagascar.

The settlement provides for payment to Cougar by DNI of $2.5 million.

Here are the best performing ASX small cap stocks at 12.30pm AEST Tuesday September 25:

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ASX code Company Price change today (12pm) Price (12pm) Volume Market Cap
CGM COUGAR METALS NL 0.67 0.5c 11M 2.8M
MOX MONAX MINING 0.5 0.3c 38k 1.8M
CLY CLANCY EXPLORATI 0.5 0.3c 1M 8.4M
OEX OILEX 0.33 0.4c 621k 6.5M
FPL FREMONT PETROLEU 0.29 0.9c 4M 6.0M
MIL MILLENNIUM SERVI 0.27 71c 18k 25.7M
SRN SUREFIRE RESOURC 0.25 1c 600k 3.4M
DDD 3D RESOURCES 0.25 0.5c 197k 4.0M
CLZ CLASSIC MINERALS 0.25 0.5c 2M 10.0M
SDL SUNDANCE RESOURC 0.2 0.6c 5M 45.7M
PMY PACIFICO MINERAL 0.2 0.6c 500k 5.5M
ODA ORCODA 0.2 18c 5k 13.4M
AGE ALLIGATOR ENERGY 0.2 0.6c 410k 3.7M
AVH AVITA MEDICAL 0.2 12c 11M 134.2M
SKN SKIN ELEMENTS 0.19 3.2c 173k 3.5M
IBX IMAGION BIOSYSTE 0.18 6c 183k 10.9M
PSM PENINSULA MINES 0.17 0.7c 386k 4.8M
BKP BARAKA ENERGY AN 0.17 0.7c 1M 16.2M
IEC INTRA ENERGY COR 0.15 1.5c 1M 5.0M
LPD LEPIDICO 0.15 2.3c 609k 58.9M
NOX NOXOPHARM 0.15 73.5c 12k 78.0M
SP3 SPECTUR 0.13 26.5c 10k 12.3M
PNX PNX METALS 0.13 0.9c 109k 10.8M
KEY KEY PETROLEUM 0.13 0.9c 111k 10.8M
IHL IMPRESSION HEALT 0.13 1.8c 691k 5.6M
DHR DARK HORSE RESOU 0.13 0.9c 900k 15.4M
REF REVERSE CORP 0.12 2.8c 109k 2.3M
WHA WATTLE HEALTH AU 0.12 $1.13 36k 196.4M
AZV AZURE HEALTHCARE 0.12 9.5c 13k 19.8M
PAA PHARMAUST 0.12 3.8c 174k 6.8M
BAT BATTERY MINERALS 0.11 3c 1M 30.1M

 

GOING DOWN

Lakes Oil (ASX:LKO) fell 50 per cent to an intraday low of 0.1c after updating the market on its court battle with the Victorian Government.

The company lost its fight to overturn Victoria’s ban on gas exploration. It says it may appeal the decision.

Here are the worst performing ASX small cap stocks at 12.30pm Tuesday Sep 25:

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ASX code Company Price change today (12pm) Price (12pm) Volume Market Cap
AIY AUTHORISED INVES -0.53 2.8c 337k 22.6M
VAR VARISCAN MINES L -0.33 0.2c 180k 3.7M
MRD MOUNT RIDLEY MIN -0.33 0.2c 167k 4.6M
RND RAND MINING -0.28 $3.25 303 270.7M
AYR ALLOY RESOURCES -0.2 0.4c 2M 7.3M
AUL AUSTAR GOLD -0.2 0.4c 500k 10.6M
AIS AERIS RESOURCES -0.18 23c 262k 128.2M
AVD ANTILLES OIL AND -0.17 3c 132k 4.9M
ADN ANDROMEDA METALS -0.17 0.5c 75k 6.5M
M7T MACH7 TECHNOLOGI -0.14 18c 48k 27.8M
GTE GREAT WESTERN EX -0.14 0.6c 857k 6.4M
EVE EVE INVESTMENTS -0.14 0.6c 4M 15.9M
ARV ARTEMIS RESOURCE -0.14 19.8c 933k 145.7M
AVQ AXIOM MINING -0.13 10c 2M 50.4M
TAR TARUGA MINERALS -0.13 7.7c 77k 12.2M
DEG DE GREY MINING -0.12 15c 798k 61.8M
MYQ MYFIZIQ -0.12 26.5c 61k 24.8M
ZYB ZYBER HOLDINGS L -0.11 0.8c 2M 5.9M
AHK ARK MINES -0.11 4.9c 10k 2.7M
GED GOLDEN DEEPS -0.1 4.3c 370k 8.2M
PDZ PRAIRIE MINING L -0.1 44.5c 46k 105.1M
OLV OTHERLEVELS HOLD -0.1 3.6c 117k 9.0M
MTH MITHRIL RESOURCE -0.1 0.9c 56k 2.0M
KKL KOLLAKORN CORP L -0.1 0.9c 15k 1.9M
EME ENERGY METALS -0.09 15c 13k 34.6M
MUS MUSTANG RESOURCE -0.09 1c 1M 12.6M
ECT ENVIRONMENTAL CL -0.09 1c 707k 52.8M
AX8 ACCELERATE RESOU -0.09 10.5c 225k 5.5M
EDE EDEN INNOVATIONS -0.08 4.4c 3M 70.5M
NXM NEXUS MINERALS L -0.08 5.6c 264k 5.4M
BDR BEADELL RESOURCE -0.07 6.4c 2M 115.5M