Here are the key ASX small cap winners and losers at lunchtime Friday June 8.

The ASX Small Ords was down 2 points at 2,856.8 by 1.15pm AEST — though still near a seven-year high.


Investors are piling in to Latitude (ASX:LCD) after mining identity Klaus Eckhof’s daughter Kim yesterday moved to join the lithium play’s board.

The stock was up 17 per cent to 3.5c today.

Perhaps investors were moving out of dad’s AVZ Minerals (ASX:AVZ) which dropped from 13c to 9c yesterday after Klaus sold down a large tranche of shares.

AVZ fans were moving back in today, however — the shares were back up 5 per cent to 10c by 1.30pm AEST.

Latitude, which was previously focused on gold, will ask shareholders to vote on Ms Eckhof’s appointment at a June 18 general meeting.

Kim Eckhof’s appointment comes after Latitude struck a deal to acquire a 70 per cent interest in the Mbeta lithium project located in southern Zimbabwe.

Latitude chairman Tim Moore told Stockhead yesterday Ms Eckhof’s far reaching connections would come in handy for a small player like Latitude.

Breast cancer detector and blockchain wannabe Genetic Technologies (ASX:GTG) gained 22 per cent to 1.1c after formalising a deal with an Indian start-up that wants to build a blockchain-based health network called Project Shivom.

Project Shivom, launched last October in northern India, has the ambitious plan of “growing to be the largest genomic and health data-hub on the planet“.

The venture is said to have raised $US35 million ahead of a planned worldwide launch this year.

The terms of the deal were “confidential” but included sharing of Indian population data and “access to Indian hospitals and patients and assisting in promoting and marketing GTG’s risk assessment tests on the Shivom platform”.

Project Shivom would pay GTG $US200,000 under the deal to fund research and product development.

Oil explorer Melbana Energy (ASX:MAY) moved ahead 18 per cent to 1.3c after offshore survey specialist Polarcus signed on to undertake a 3D survey for its Beehive project in waters off northern Australia.

Beehive — one of the biggest undrilled hydrocarbon structures in Australia — is operated under an agreement with energy company Santos and French major Total.

The survey is expected to run from July to August.

Another oil play Norwest Energy (ASX:NWE) rose after Singapore-based private oil play Tamarind Resources became a substantial shareholder earlier this week. Tamarind now holds 290 million shares after buying on-market.

The shares were up 33 per cent to 0.4c today.

“We see Tamarind’s new substantial shareholder status as a strong sign of confidence in our projects and in the potential for the Perth Basin,” Norwest’s CEO Shelley Robertson said.

Tamarind boss Ian Angell said: “Tamarind has a strategic view of the tremendous opportunity in the Perth Basin and consistent with our involvement in Cliff Head and Triangle Energy, we view the investment in Norwest as a great way to participate in the potential of the Perth Basin.”

ReadCloud (ASX:RCL) shares hit a new high of 45c, up 6 per cent , as investors continued to react positively to a recent presentation outlining the company’s growth prospects.

Here’s a snapshot of the best performing ASX small caps at 12.15pm AEST Friday Jun 8.

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ASX code Company Price change today (12.15pm AEST) Price (12.15pm AEST) Volume (intraday) Market Cap
AJC ACACIA COAL 1 0.002 674k 1.6M
VPR VOLT POWER GROUP 0.5 0.003 3M 20.6M
NIU NIUMINCO GROUP 0.5 0.003 200k 6.0M
LNY LANEWAY RESOURCE 0.5 0.003 333 8.4M
LKO LAKES OIL NL 0.5 0.003 873k 71.9M
AIY AUTHORISED INVES 0.375 0.066 438k 14.6M
SHK STONE RESOURCES 0.333333333333 0.004 28k 2.4M
NWE NORWEST ENERGY 0.333333333333 0.004 586k 10.1M
RRS RANGE RESOURCES 0.25 0.005 352k 30.4M
SRN SUREFIRE RESOURC 0.230769230769 0.016 8M 5.5M
GTG GENETIC TECH 0.222222222222 0.011 8M 21.9M
ICG INCA MINERALS 0.2 0.006 220k 13.0M
EPM ECLIPSE METALS 0.2 0.006 7M 5.7M
MAY MELBANA ENERGY 0.181818181818 0.013 3M 18.3M
LCD LATITUDE CONSOLI 0.166666666667 0.035 10k 4.5M
DEV DEVEX RESOURCES 0.166666666667 0.007 7M 5.5M
TER TERRACOM 0.162162162162 0.43 492k 139.8M
IHL IMPRESSION HEALT 0.157894736842 0.022 125k 5.5M
MSM MSM CORPORATION 0.15 0.023 324k 8.5M
BIT BIOTRON 0.142857142857 0.024 224k 8.6M
ECG ECARGO HOLDINGS 0.142857142857 0.16 190k 86.1M
MTC METALSTECH 0.136363636364 0.125 454k 12.7M
CMP COMPUMEDICS 0.125 0.63 12k 99.2M
TRL TANGA RESOURCES 0.125 0.009 134k 4.7M
NVO NVOI 0.125 0.009 17k 3.3M
LMG LATROBE MAGNESIU 0.125 0.009 600k 10.1M
CZR COZIRON RESOURCE 0.125 0.018 329k 28.6M
EVE EVE INVESTMENTS 0.111111111111 0.01 4M 20.1M
CTO CITIGOLD CORP 0.111111111111 0.01 128k 17.2M
ODY ODYSSEY ENERGY 0.111111111111 0.06 1M 17.7M
BUX BUXTON RESOURCES 0.111111111111 0.15 27k 15.0M
AGO ATLAS IRON 0.107142857143 0.031 166M 259.8M
RCL READCLOUD 0.0588235294118 0.45 15k 35.6M
POW PROTEAN ENERGY 0.0571428571429 0.037 15k 10.6M
WWI WEST WITS MINING 0.0555555555556 0.019 47k 12.9M
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Cannabis play Stemcell United (ASX:SCU) fell back today after yesterday’s big jump following the granting of a cannabis licence to its China partner Yunnan Hua Fang Industrial Hemp (HFIH).

The shares gained 65 per cent yesterday — but dropped 17 per cent to 2.9c in early Friday trade.

SCU has the right to acquire up to 51 per cent of HFIH for about $760,000.

The licence allows HFIH to plant, process and sell industrial hemp products in China.

HFIH can access cannabis seeds which SCU can use for stem cell research as it works to establish itself as a supplier of Chinese medicine cosmetic cannabis products.

Here’s a snapshot of the worst performing ASX small caps at 12.15pm AEST Friday Jun 8.

Swipe or scroll for full table. Click headings to sort data:

ASX code Company Price change today (by 12.15pm AEST) Price (at 12.15pm AEST) Volume Market Cap
AXI AXIOM PROPS -0.362068965517 0.037 78k 24.8M
XPE XPED -0.25 0.003 358k 5.3M
KKL KOLLAKORN CORP -0.25 0.012 90k 3.0M
EXO ENNOX GROUP -0.25 0.003 126k 3.1M
IEC INTRA ENERGY COR -0.230769230769 0.01 75k 5.0M
SUR SUN RESOURCES NL -0.2 0.004 1M 3.8M
CXZ CONNEXION MEDIA -0.2 0.004 500k 3.7M
ADR ADHERIUM -0.2 0.1 222k 21.8M
WEC WHITE ENERGY CO -0.194444444444 0.029 2k 11.8M
CY5 CYGNUS GOLD -0.176470588235 0.14 18k 10.3M
LEX LEFROY EXPLORATI -0.175 0.165 194k 13.0M
SCU STEMCELL UNITED -0.171428571429 0.029 5M 18.0M
HWK HAWKSTONE MINING -0.153846153846 0.022 345k 7.8M
AWV ANOVA METALS -0.148936170213 0.04 146k 29.4M
CGO CPT GLOBAL -0.142857142857 0.12 3k 5.2M
ZMI ZINC OF IRELAND -0.142857142857 0.006 184k 12.3M
TV2 TV2U INTERNATION -0.133333333333 0.013 16M 29.4M
TSN TRANSACTION SOLU -0.125 0.007 4M 17.4M
KGM KALNORTH GOLD MI -0.111111111111 0.008 175k 8.0M
EFE EASTERN IRON -0.111111111111 0.008 68k 3.7M
CVS CERVANTES CORP -0.111111111111 0.008 99k 4.4M
BMN BANNERMAN RESOUR -0.105263157895 0.051 3M 48.8M
PDZ PRAIRIE MINING -0.102040816327 0.44 455k 104.0M
VEC VECTOR RESOURCES -0.1 0.018 599k 27.7M
POZ POZ MINERALS -0.1 0.072 246k 14.3M
ENT ENTERPRISE METAL -0.1 0.018 428k 7.1M
E2E EON NRG -0.1 0.009 2M 4.1M
PIL PEPPERMINT INNOV -0.1 0.027 760k 28.6M
YPB YPB GROUP -0.0869565217391 0.021 456k 15.1M
AMD ARROW MINERALS -0.0869565217391 0.021 853k 7.1M
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