Here are the key ASX small cap winners and losers at lunch Friday August 24.

The ASX Small Ords was down 16 points or 0.5 per cent at 2899 by 1pm AEST.

GOING UP

IPB Petroleum (ASX:IPB) has continued its upward journey as merger and acquisition activity heats up among oil plays off Western Australia’s shoulder, following Santo’s $3 billion bid for Quadrant on Thursday.

Nearby IPB closed up 67 per cent yesterday — attracting an ASX query along the way — and by lunch today was up another 45 per cent.

“I think we’re in a positive phase of the cycle now,” IPB boss Brendan Brown told Stockhead ths week.

“Ultimately the biggest litmus test is the oil price. You’ve also got very strong domestic gas prices and under-investment for almost five years, so it’s creating a bit of a perfect storm.”

The stock has more than doubled this week and was trading at 6.7c just before lunch:

IPB Petroleum shares (ASX:IPB) have doubled this week
IPB Petroleum shares (ASX:IPB) have doubled this week

High-tech anti-counterfeiter YPB (ASX:YPB) moved ahead 50 per cent to 1c after a major breakthrough.

YPB announced today it had perfected a smartphone app that can be used by anyone to identify fake goods.

The group called it “the most significant technical advance in its history”.

The “ProtectCode” app will allow an everyday smartphone to read and verify an invisible anti-counterfeit mark on a product.

Zinc explorer Superior Lake Resources (ASX:SUP) soared today after closing a $5 million placement oversubscribed and at a premium to its share price.

The stock rallied 27 per cent to an intra-day high of 4.2c on Friday morning.

Superior sold the shares at 3.5c — 6 per cent higher than its closing price on Thursday.

Sydney-based boutique fund manager Tribeca Investment Partners has come in as a cornerstone investor – stumping up $1.5 million in the placement.

Tribeca has also agreed to help Superior secure up to $US60 million ($82.8 million) in finance for the restart of its Superior Lake zinc project in Canada.

Here are the best performing ASX small cap stocks at 12.30pm AEST Friday, August 24:

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ASX code Company Price change today (at 12.30pm) Price (12.30pm) Volume Market Cap
IOT IOT GROUP 1 0.002 42k 1.4M
EUZ EUROPA METALS 1 0.002 200k 5.6M
YPB YPB GROUP 0.578947368421 0.03 62k 12.6M
WGL WANGLE TECHNOLOG 0.5 0.003 200k 5.2M
MOX MONAX MINING 0.5 0.003 270k 1.8M
MNB MINBOS RESOURCES 0.5 0.003 30M 14.1M
GGX GAS2GRID 0.5 0.003 200k 2.8M
IPB IPB PETROLEUM LI 0.408163265306 0.069 7M 9.8M
LNY LANEWAY RESOURCE 0.333333333333 0.004 921k 10.6M
SDV SCIDEV 0.285714285714 0.009 200k 4.5M
ESK ETHERSTACK-CDI 0.282051282051 0.25 6k 21.8M
VPC VELPIC 0.25 0.005 1M 5.1M
ICG INCA MINERALS 0.25 0.005 170k 10.5M
GPP GREENPOWER ENERG 0.25 0.005 316k 5.8M
CLZ CLASSIC MINERALS 0.25 0.005 500k 10.9M
SUP SUPERIOR LAKE RE 0.212121212121 0.04 3M 23.8M
GBP GLOBAL PETROLEUM 0.212121212121 0.04 75k 6.7M
SRO SHAREROOT 0.2 0.006 200k 6.7M
HDY HARDEY RESOURCES 0.2 0.006 27M 6.8M
ZMI ZINC OF IRELAND 0.166666666667 0.007 4M 11.7M
TSC TWENTY SEVEN CO 0.166666666667 0.007 910k 5.4M
SBR SABRE RES 0.166666666667 0.014 595k 4.5M
AZI ALTA ZINC 0.166666666667 0.007 300k 8.2M
POH PHOSPHAGENICS 0.157894736842 0.022 944k 30.0M
ANW AUS TIN MINING L 0.153846153846 0.015 932k 25.7M
VML VITAL METALS 0.142857142857 0.008 198 12.2M
DTM DART MINING NL 0.142857142857 0.008 450k 6.0M
AOA AUSMON RESOURCES 0.142857142857 0.008 933k 3.6M
CAZ CAZALY RESOURCES 0.142857142857 0.04 312k 8.1M

GOING DOWN

Neither of today’s new ASX listings performed very well.

The ASX got its second space stock today with the listing of spy satellite operator Kleos Space at 11am AEST.

But Luxembourg-based Kleos (ASX:KSS) got off to a wobbly start, debuting at 16c — a 20 per cent discount to its 20c isue price.

The stock rose slightly to 16.5c by 11.40am AEST with about $540,000 worth of shares changing hands.

Kleos raised $11 million to build a miniature spy satellite network.

Meanwhile gold explorer Kingwest Resources (ASX:KWR) kicked off its first session at 12pm AEST slightly below its 20c issue price before slipping further to 18c.

Kingwest is exploring for gold and base metals over a 959 sq km landholding in the Eastern Goldfields region near Leonora in Western Australia.

The company was originally aiming to list on the ASX by July 19.

Here are the worst performing ASX small cap stocks at 12.30pm AEST Friday, August 24:

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ASX code Company Price change today (at 12.30pm) Price (12.30pm) Volume Market Cap
PPY PAPYRUS AUSTRALI -0.5 0.01 2M 4.5M
BDI BLINA MINERALS N -0.5 0.001 100k 6.5M
AJC ACACIA COAL -0.5 0.001 22k 4.0M
WEL WINCHESTER ENERG -0.260869565217 0.017 10k 6.6M
CGM COUGAR METALS NL -0.25 0.003 2M 3.7M
BLY BOART LONGYEAR L -0.2 0.008 45M 262.9M
XST XSTATE RESOURCES -0.166666666667 0.005 2M 4.7M
LRS LATIN RESOURCES -0.166666666667 0.005 333 16.7M
AYR ALLOY RESOURCES -0.166666666667 0.005 80k 8.7M
AOU AUROCH MINERALS -0.166666666667 0.125 115k 14.8M
POS POSEIDON NICKEL -0.160714285714 0.047 6M 62.4M
CAF CENTREPOINT ALLI -0.152173913043 0.195 194k 36.1M
VIC VICTORY MINES -0.142857142857 0.006 371k 8.6M
STC SINETECH -0.142857142857 0.006 463 4.9M
MRQ MRG METALS -0.142857142857 0.006 5M 4.7M
MED MERLIN DIAMONDS -0.142857142857 0.006 1M 23.1M
ALT ANALYTICA -0.142857142857 0.006 90k 23.4M
VAL VALOR RESOURCES -0.125 0.007 779k 14.3M
SCL SCHROLE GROUP -0.125 0.014 93k 9.3M
RMX RED MOUNTAIN MIN -0.125 0.007 244 5.4M
DW8 DAWINE -0.125 0.007 610k 4.7M
CZL CONSOLIDATED ZIN -0.125 0.007 4k 7.3M
TRT TODD RIVER RESOU -0.12 0.11 94k 9.6M
ADY ADMIRALTY RESOUR -0.117647058824 0.015 307k 19.6M
SCT SCOUT SECURITY L -0.115384615385 0.23 7 28.2M
TRL TANGA RESOURCES -0.111111111111 0.008 5k 6.5M
KEY KEY PETROLEUM -0.111111111111 0.008 700k 12.1M
ACL ALCHEMIA -0.111111111111 0.008 44 2.9M
KNM KNEOMEDIA -0.107142857143 0.025 10k 17.9M