Here are the key ASX small cap winners and losers at lunchtime Friday June 29.

The ASX Small Ords was up 0.06 per cent at 2865.7 by 1pm AEST.

GOING UP

Alligator Energy (ASX:AGE) was the most heavily traded small cap this morning with 35 million shares changing hands for about $280,000.

The uranium and battery metal explorer told investors it had closed off a $1.75 million capital raising at 0.7c with institutions and wealthy investors to fund drilling at its TCC4 uranium prospect in the Northern Territory.

The shares rose 50 per cent to an intraday high of 0.9c.

“With the recent increased interest in the uranium market and uranium equities, and the excess demand from the recent rights issue, the board determined it was the right time to re-capitalise the company to enable drilling of our primary uranium target during this dry season and as a fully owned project,” the company told investors.

Latrobe Magnesium (ASX:LMG) jumped 43 per cent to an intraday high of 0.01c after reporting “strong progress” over the past two months tweaking its magnesium furnace.

Latrobe is developing a magnesium plant in Victoria’s Latrobe Valley and another plant in Germany using a “world-first patented extraction process”. It plans to extract magnesium metal and other mateial from fly ash — a waste product from brown coal power generation.

The plant is expected to be commissioning by the end of August.

About 6.5 million shares changed hands this morning for $60,000.

Jameson Resources (ASX:JAL) moved ahead 28 per cent to 16c after winning a $4 million investment from fellow coal miner Bathurst Resources (ASX:BRL) to advance its Canadian Crown Mountain coking coal project.

Down the track Bathurst has an option to fund up to $120 million, moving to 50-50 ownership if the project goes forward.

“This agreement addresses the largest financial obstacle to the development of Crown Mountain: funding construction,” investors were told.

Infant formula play Wattle Health (ASX:WHA) made strong gains after signing a $34 million deal to deliver milk to Chinese state-owned enterprise Shandong Weihai.

Wattle will deliver $6.6 million worth of its cow milk formula to Shandong over 12 months. The deal is for at least three years, with $16.5 million worth of orders scheduled for 2022.

Investors applauded the deal, pushing the shares up 25 per cent to an intraday high of $1.11 with $3.4 million of shares changing hands.

That’s well down on their 12-month high of $2.65 in February though.

Australian Whisky (ASX:AWY) finally won shareholder approval for its takeover of Lark Distillery, driving the stock up 15 per cent to 4.7c by 12.30pm AEST.

Aus Whisky has been hunting Lark since the end of 2016.

About $30,000 of SmartTrans (ASX:SMA) shares were traded afterdirector Nicholas Johansen was promoted to the chairman’s role, replacing former national party leader Mark Vaille who retires from the board.

SmarTrans also said it was launching legal action to recover a 20 million yuan ($A4.1 million) allegedly owed by China Mobile.

Here are the best performing ASX small cap stocks at 12.15pm AEST, June 29:

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

ASX code Company Today's price change (12.15pm) Price Jun 29 (12.30pm) Volume Market Cap
VPR VOLT POWER GROUP 0.5 0.003 1M 16.5M
AGE ALLIGATOR ENERGY 0.5 0.009 31M 4.4M
NVO NVOI 0.4 0.007 82k 2.1M
LNY LANEWAY RESOURCE 0.333333333333 0.004 125k 10.4M
LMG LATROBE MAGNESIU 0.285714285714 0.009 2M 8.8M
SMA SMARTTRANS HLDS 0.25 0.005 6M 26.3M
MLS METALS AUSTRALIA 0.25 0.005 2M 10.5M
CXZ CONNEXION MEDIA 0.25 0.005 2M 2.9M
CUX CROSSLAND STRATE 0.25 0.005 100k 4.0M
ABL ABILENE OIL 0.25 0.005 5k 1.6M
JAL JAMESON 0.24 0.155 350k 32.1M
VMC VENUS METALS 0.230769230769 0.16 110k 11.1M
RNX RENEGADE EXPLORA 0.222222222222 0.011 138k 6.4M
SRO SHAREROOT 0.2 0.006 100k 6.2M
GLA GLADIATOR RESOUR 0.2 0.006 978k 4.8M
BKP BARAKA ENERGY 0.2 0.006 6M 13.5M
OBJ OBJ 0.2 0.03 221k 45.2M
CVT COVATA 0.181818181818 0.026 7k 15.5M
HE8 HELIOS ENERGY 0.18 0.059 199k 70.7M
WHA WATTLE HEALTH 0.179775280899 1.05 2M 173.1M
BUD BUDDY PLATFORM 0.173913043478 0.135 911k 123.3M
LI3 LITHIUM CONSOLID 0.166666666667 0.14 8k 10.8M
RNO RHINOMED 0.166666666667 0.175 104k 17.7M
RMI RESOURCE MINING 0.166666666667 0.007 12k 1.8M
AWY AUSTRALIAN WHISK 0.146341463415 0.047 276k 42.3M

GOING DOWN

China dairy exporter Jatenergy (ASX:JAT) is down heavily today after one of its infant formula suppliers was placed into receivership.

Jatenergy owns 51 per cent of Golden Koala Group, which uses Nutritional Choice Australia to produce its infant milk formula. Nutritional Choice Australia was placed into receivership on June 1.

The stock  fell 28 per cent to an intraday low of 5.5c in early Friday trade.

Jatenergy was one of the best performing ASX stocks small caps early this year, winning ten-bagger status after it joined the infant formula export crew — propelling its shares from 2c as high as 29c.

Here are the worst performing ASX small cap stocks at 12.15pm AEST, June 29:

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

ASX code Company Today's price change (12.15pm) Price Jun 29 (12.30pm) Volume Market Cap
EUZ EUROPA METALS -0.5 0.001 2M 7.3M
BDI BLINA MINERALS -0.5 0.001 17M 6.5M
SBU SIBURAN RESOURCE -0.333333333333 0.002 250k 2.1M
EMU EMU -0.271428571429 0.051 57k 5.5M
PGS PLANET GAS -0.25 0.003 13k 2.2M
JAT JATENERGY -0.223684210526 0.059 7M 44.8M
MDX MINDAX -0.2 0.008 433k 7.4M
DDD 3D RESOURCES -0.2 0.004 4M 4.4M
ALT ANALYTICA -0.2 0.004 400k 16.7M
KPO KALINA POWER -0.190476190476 0.017 1M 9.3M
KPC KAZAKHSTAN POTAS -0.166666666667 0.015 50k 23.9M
EPM ECLIPSE METALS -0.166666666667 0.005 71k 6.9M
AIY AUTHORISED INVES -0.166666666667 0.03 7k 11.2M
WMC WONHE MULTIMEDIA -0.166666666667 0.05 2k 9.1M
PPL PUREPROFILE -0.161290322581 0.13 87k 18.7M
TSN TRANSACTION SOLU -0.142857142857 0.006 825k 15.2M
STC SINETECH -0.142857142857 0.006 390k 4.9M
REV REAL ESTATE INVE -0.142857142857 0.012 50k 1.6M
BMP BUYMYPLACE.COM.A -0.142857142857 0.09 27k 7.1M
TAM TANAMI GOLD -0.135135135135 0.032 1M 43.5M
MTH MITHRIL RESOURCE -0.133333333333 0.013 3M 2.4M
CZL CONSOLIDATED ZINC -0.125 0.007 22k 7.3M
IAU INTREPID MINES -0.119565217391 0.81 4k 12.7M
SRY STORY-I -0.115384615385 0.023 151k 7.1M