Here are the key ASX small cap winners and losers at lunch Thursday August 23.

The ASX Small Ords was up 22.1 points or 0.8 per cent to 2,905.5 at 12.45pm AEST.

GOING UP

Volt Power (ASX:VPR) was the biggest small cap riser this morning, jumping 50 per cent to 0.3c after it reported its half-year results.

While the company went from a $2.9 million profit last year to a half-million loss this year, revenues hit just over $1 million, rising from zero last year.

The company completed an engineering design study for the installation of its first “Accretive Thermal Energy Node” at a power station located at a mine site in the WA Goldfields. ATEN is a waste heat recovery power generation technology.

Earlier this month, the Tanzania-focused graphite explorer signed a deal with major Chinese player Qingdao Tiangshengda Graphite to supply graphite from its Banyu project.

Red Sky Energy (ASX:ROG) shares got a 33 per cent bump this morning to 0.4c, to match the price for new shares being offered in a non-renounceable rights issue.

The offer closed on August 17 and the company announced 13.3 million new shares were subscribed for under the offer, raising about $53,174 — a significant shortfall. The board said it may look to place some of the shortfall within three months.

ImpediMed (ASX:IPD) popped 14 per cent to 40c after trial data showed its technology was “very sensitive” when it comes to finding breast cancer-related lymphoedema.

That’s still a long way from its one-year high of $1.07 though. The shares fell 75 per cent to a low of 26c earlier this month after the release of preliminary trial data.

Lymphoedema is swelling caused by fluids and women who have had surgery or radiotherapy for breast cancer are particularly susceptible.

Shares in aerial imaging technology company Nearmap (ASX:NEA) have risen 14 per cent over the past two days as the company reported its full-year results.

The company is now trading at an all-time high, having hit an intraday high of $1.80 this morning. Today, they were up 6.5 per cent on yesterday’s closing price of $1.69.

Nearmap yesterday posted two mesmerising videos of high-quality 3D fly-throughs of Melbourne and Perth.

Zinc miner Inca Minerals (ASX:ICG) were up another 25 per cent today, following yesterday’s 25 per cent run, trading at an intraday high of 0.5c.

Yesterday the company announced that South32, a diversified global miner, had exercised its option to earn-in for the right to acquire majority ownership of Inca’s Greater Riqueza Project.

As part of the deal South32 will earn 60 per cent interest in the project, with the funding for first-phase exploration to be between US$8 and US$10 million.

Here are the best performing ASX small cap stocks at 12.30pm AEST, August 23:

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ASX code Company Today's change (12.30pm AEST) Price (12.30pm) Volume
VPR Volt Power 0.5 0.3c 166,837
NWE Norwest Energy 0.5 0.3c 3,733,333
ROG Red Sky Energy 0.33 0.4c 30,000
JKA Jacka Resources 0.33 0.4c 3,559,546
EPM Eclipse Metals 0.33 0.4c 131
MAR Malachite Resources 0.33 0.4c 2,700,000
S3R Serpentine Technologies 0.33 0.4c 319,591
SYS Syngas 0.33 0.4c 290,000
IPB IPB Petroleum 0.3 3.9c 2,746,957
ICG Inca Minerals 0.25 0.5c 570,000

 

GOING DOWN

Media monitor iSentia (ASX:ISD) took a huge 41 per cent hit this morning as the company’s modest FY19 guidance spooked investors.

The company decided against a full-year dividend, saying that it preferred to conserve cash and provide greater flexibility for investment in product development or debt reduction.

It has been a tough year for iSentia. Last month, the company announced its CFO James Orlando would be leaving the business. In February its CEO John Croll stepped down.

In 2015, iSentia tried to make a move into the world of content by making a $48 million acquisition of King Content. At the time, Croll said the acquisition was a “great fit”, but in November last year, after iSentia wrote down the acquisition by $39.4 million, “cultural fit” was blamed for its failure.

Here are the worst performing ASX small cap stocks at 12.30pm AEST, August 23:

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ASX code Company Today's change (12.30pm AEST) Price (12.30pm) Volume
RRS Range Resources -0.5 0.1c 378
ISD iSentia -0.41 47.5c 11,892,763
WGL Wangle Technolgies -0.33 0.2c 1,023
MOX Monax Mining -0.33 0.2c 270,000
MRD Mount Ridley Mines -0.33 0.2c 7,178
CLY Clancy Exploration -0.33 0.2c 100,000
ARQ ARQ Group -0.31 2.190 949,288
CAF Centrepoint Alliance -0.29 25c 400,335
AVW Avira Resources -0.25 0.3c 2,000,000
LCY Legacy Iron Ore -0.25 0.3c 767