Lunchtime ASX small cap wrap: who's fist-pumping and who's not

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.

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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