Here are the key ASX small cap winners at lunchtime on Tuesday, May 21:

The ASX Small Ords was down 19.5 points or 0.69 per cent to 2,825.1 at 12.05pm AEST.

GOING UP

LBT Innovations (ASX:LBT) won big on Tuesday morning saying its half-owned joint venture Clever Culture Systems received FDA clearance for an instrument that can process 200 culture plates an hour and see which are growing bacteria. It was the last hurdle in order to start selling in the US.

CCP Technologies (ASX:CT1) was next up. It followed a sale announcement yesterday (shares up 60 per cent) with news that one of their low-temperature devices has passed Monash University testing (shares up 54 per cent). That suggests its disastrous foray into cryptocurrency last year and shedding of executives has been forgiven.

Botswana coal seam gas explorer Tlou Energy (ASX:TOU) was cock-a-hoop about being the preferred bidder in a tender to provide up to 100 megawatts (MW) of coal bed methane-fuelled power plants in that country. Its bid, placed in October last year, was for a 10MW plant.

Here are the best performing ASX small cap stocks at 11.30am Tuesday, May 21:

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Ticker Name Price % Chg Market Cap Volume
LBT LBT Innovations Ltd 0.22 214% $46,200,000 31.5M
CT1 CCP Technologies Ltd 0.02 69% $10,700,000 37.3M
DTM Dart Mining NL 0.007 40% $7,100,000 1.7M
POH Phosphagenics Ltd 0.004 33% $6,300,000 160.0k
TOU Tlou Energy Ltd 0.18 29% $81,000,000 220.2k
GPP Greenpower Energy Ltd 0.0025 25% $3,900,000 2.2M
CUX Crossland Strategic Metals Ltd 0.006 20% $6,100,000 1.1M
E2E Eon NRG Ltd 0.006 20% $4,600,000 500.0k
TV2 TV2U International Ltd 0.006 20% $13,600,000 100.0k
VIC Victory Mines Ltd 0.003 20% $3,800,000 2.9M
NAM Namoi Cotton Ltd 0.36 20% $50,500,000 18.4k
NOR Norwood Systems Ltd 0.0035 17% $6,400,000 3.4M
FRN Fraser Range Metals Group Ltd 0.015 15% $3,800,000 415.0k
DW8 Digital Wine Ventures Ltd 0.008 14% $6,200,000 2.3M
QFY Quantify Technology Holdings L 0.008 14% $7,800,000 12.3M
SRI Sipa Resources Ltd 0.008 14% $13,700,000 310.0k
EXR Elixir Petroleum Ltd 0.04 14% $16,400,000 3.7M
FAU First Au Ltd 0.02 13% $4,400,000 164.0k
VN8 Vonex Ltd 0.13 13% $19,400,000 108.8k
IOD IODM Ltd 0.04 13% $18,000,000 684.2k
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GOING DOWN

Leading the losers, at least in terms of news, was construction company Acrow Formwork and Construction Services (ASX:ACF) which reported revenue growth, EBITDA growth, project wins, and being “on track to record its best recorded EBITDA full year result in its history”.

It dropped 16 per cent, so go figure.

Here are the worst performing ASX small cap stocks at 11.30am Tuesday, May 21:

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Ticker Name Price % Chg Market Cap Volume
BAS Bass Oil Ltd 0.002 -33% $5,200,000 136.5k
DRE Dreadnought Resources Ltd 0.003 -25% $3,300,000 530.0k
GCR Golden Cross Resources Ltd 0.02 -24% $1,900,000 9.7k
WWG Wiseway Group Ltd 0.17 -20% $21,200,000 598.0k
FTT Factor Therapeutics Ltd 0.004 -20% $4,200,000 10.0k
MRV Moreton Resources Ltd 0.005 -17% $15,500,000 185.7k
KAS Kasbah Resources Ltd 0.05 -17% $6,700,000 84.1k
ACF Acrow Formwork and Constructio 0.26 -16% $47,000,000 1.0M
CLB Candy Club Holdings Ltd 0.12 -14% $16,700,000 10.0k
WRM White Rock Minerals Ltd 0.006 -14% $9,800,000 300.0k
UTR Ultracharge Ltd 0.003 -14% $3,200,000 116.3k
LIT Lithium Australia NL 0.006 -14% $41,200,000 53.7k
LCK Leigh Creek Energy Ltd 0.25 -14% $131,600,000 5.9M
OAU Ora Gold Ltd 0.01 -13% $4,500,000 100.0k
ICG Inca Minerals Ltd 0.0035 -13% $10,800,000 52.0k
GMC Gulf Manganese Corp Ltd 0.01 -13% $31,600,000 3.0M
BLY Boart Longyear Ltd 0.0035 -13% $92,000,000 875.3k
SNS SenSen Networks Ltd 0.1 -13% $43,900,000 99.4k
ONX Orminex Ltd 0.1 -13% $56,600,000 50.0k
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Finally, F1 great Niki Lauda died today aged 70. Lauda was a three-time F1 World Drivers’ Champion, winning in 1975, 1977 and 1984, and still the only driver to have been champion for both Ferrari and McLaren.

He survived and came back from a massive crash in 1976, which saw him come close to death from toxic fumes inhalation and massive burns.