Here are the key ASX small cap winners and losers at lunchtime Thursday June 28.

The ASX Small Ords was down 0.26 per cent or 7.5 points at 2865.5 at 1pm AEST.

MOST TRADED

For the second day running popular lithium stock AVZ Minerals (ASX:AVZ) was the morning’s most active small cap with 38 million shares changing hands by 1pm AEST.

AVZ today told investors it had notched a new record while drilling for lithium in the Congo. The news comes a day after the company revealed Klaus Eckhof had resigned as chairman.

The stock is now up 40 per cent in two days — though still well down on its 37c one-year high.

The shares were up 15 per cent at 11.5c at 1.15pm AEST.

GOING UP

Former aquaculture player Cervantes (ASX:CVS) has literally struck gold in Western Australia – and high-grade gold at that – sending its shares through the roof.

The stock rose 142 per cent to an intra-day high of 1.7c after Cervantes told investors it had hit gold grades of up to 202.8 grams per tonne – more than 6 ounces per tonne – at just 33m deep.

Anything above 5g/t is considered high-grade.

The company is undertaking drilling at its Albury Heath project, which is in the same region as Metals X’s (ASX:MLX) Bluebird gold mine and Doray Minerals’ (ASX:DRM) Andy Well mine.

The shares settled back to 1c by 1.15pm AEST.

Cleantech Greenpower Energy (ASX:GPP) rose 25 per cent to 0.5c this morning just before going into a trading halt.

The coal-to-liquid technology developer lost ground in May after tests went awry.

Today Greenpower told investors the shares were suspended ahead of an announcement expected by July 2.

The company  is testing whether the liquid that comes out of its coal-to-liquid process might be useful as a fertiliser, or “bio-stimulant” in their words.

Outdoor advertiser XTD (ASX:XTD) gained 22 per cent to 3.3c by 1.15pm AEST after renewing a sales deal with APN Outdoor until 2021.

Under the deal APN will continue to market ads onto XTD’s digital screen networks in Melbourne and Brisbane.

Solar-power glass maker ClearVue Technologies (ASX:CPV) again made strong gains after telling investors yesterday it had achieved a breakthrough in development, building a “frame-independent” insulated glass unit.

By midday today the stock had put on 50 per cent in two days to reach 19c — just below its May issue price of 20c.

In previous designs, ClearVue’s glass product captured solar in photo-voltaic cells around the edge of a window frame, then converted these to energy.

In the new model, it can now capture solar energy through the glass unit itself without the need for the frame.

Here are the best performing ASX small cap stocks at 12.15pm AEST, June 28:

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ASX code Company Price change today (12.15pm AEST) Price Jun 28 12.15pm Volume Market Cap
CVS CERVANTES CORP 0.571428571429 0.011 70k 3.4M
ROG RED SKY ENERGY 0.5 0.003 20k 1.2M
PRL PETREL ENERGY 0.5 0.003 760k 3.5M
KPO KALINA POWER 0.357142857143 0.019 375k 6.2M
SDL SUNDANCE RESOURC 0.333333333333 0.004 780k 24.2M
PGS PLANET GAS 0.333333333333 0.004 620k 1.6M
MAG MAGMATIC RESOURC 0.274509803922 0.065 10k 4.7M
MBM MOBECOM 0.259259259259 0.17 3k 24.0M
XST XSTATE RESOURCES 0.25 0.005 500k 3.1M
GPP GREENPOWER ENERG 0.25 0.005 751k 5.8M
CXZ CONNEXION MEDIA 0.25 0.005 776k 2.9M
CNX CARBON ENERGY 0.25 0.15 1k 7.8M
CPV CLEARVUE TECHNOL 0.233333333333 0.185 707k 14.3M
XTD XTD 0.222222222222 0.033 110k 3.6M
VLT VAULT INTELLIGEN 0.2 0.024 2M 17.2M
SMD SYNDICATED METAL 0.2 0.006 1M 3.2M
GLA GLADIATOR RESOUR 0.2 0.006 1M 4.3M
ELT ELEMENTOS 0.2 0.006 798k 6.7M
AVZ AVZ MINERALS 0.18 0.118 26M 186.8M
GLL GALILEE ENERGY 0.169230769231 0.38 710k 61.7M
WBE WHITEBARK ENERGY 0.166666666667 0.007 171k 5.9M
MSM MSM CORPORATION 0.166666666667 0.014 133k 5.2M
BKP BARAKA ENERGY AN 0.166666666667 0.007 4M 15.9M
ADN ANDROMEDA METALS 0.166666666667 0.007 363k 5.4M
GO2 GO2 PEOPLE 0.157894736842 0.11 244k 11.2M

GOING DOWN

Carnegie Clean Energy (ASX:CCE) fell 15 per cent to 2.3c after selling off its money-making solar and battery division, leaving the company with a stake in the new owner and its wave technology.

Microgrid and utility battery installer Tag Pacific (ASX:TAG) is buying Carnegie’s Energy Made Clean arm in an all-scrip deal worth $4.1 million at today’s share price.

It will pay Carnegie 58.5 million shares, or 32 per cent of new-look Tag, which Carnegie will give to its 11,000 shareholders.

The expanded Tag will be renamed MPower, the name of its own clean energy subsidiary.

Chinese payment tech stock 99 Wuxian (ASX:NNW) fell 17 per cent to 12c after its AGM yesterday in which all resolutions were passed — incuding the re-election of directors and their remuneration.

Here are the worst performing ASX small cap stocks at 12.15pm AEST, June 28:

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

ASX code Company Price change today (12.15pm AEST) Price Jun 28 12.15pm Volume Market Cap
APG AUSTPAC RES -0.5 0.001 1M 2.7M
WGL WANGLE TECHNOLOG -0.333333333333 0.002 12M 4.1M
TMK TAMASKA OIL & GA -0.333333333333 0.002 91k 5.9M
PCH PROPERTY CONNECT -0.333333333333 0.002 4M 3.6M
OEX OILEX -0.25 0.003 3M 7.0M
GCR GOLDEN CROSS RES -0.230769230769 0.03 148k 4.0M
AU1 AGENCY GROUP AUS -0.222222222222 0.007 225k 6.2M
WSI WESTSTAR INDUSTR -0.210526315789 0.015 154k 8.7M
DME DOME GOLD MINES -0.205882352941 0.135 40k 45.7M
MAR MALACHITE RES -0.2 0.004 500k 6.8M
PAXX PLAT ASIA FUND -0.189781021898 4.44 10k 102.5M
NNW 99 WUXIAN-CDI -0.172413793103 0.12 665k 168.2M
EMF EMERGING MARKETS -0.15 1.7 3k 191.1M
SXX SOUTHERN CROSS -0.125 0.007 697k 8.6M
PFG PRIME FINANCIAL -0.12 0.11 20k 23.9M
PIXX PLAT INTL FUND -0.118829981718 4.82 30k 220.4M
CCE CARNEGIE CLEAN E -0.111111111111 0.024 605k 77.8M
SDV SCIDEV -0.111111111111 0.008 905k 4.5M
LMG LATROBE MAGNESIU -0.111111111111 0.008 208k 11.3M
GTE GREAT WESTERN EX -0.111111111111 0.008 60k 8.3M
VML VITAL METALS -0.1 0.009 10k 17.4M
RVA REVA MEDICAL-CDI -0.1 0.18 30k 82.6M
RNX RENEGADE EXPLORA -0.1 0.009 3M 7.1M
RFN REFFIND -0.1 0.009 279k 5.2M
PSM PENINSULA MINES -0.1 0.009 196k 7.1M