Here are the key ASX small cap gainers and losers at 1pm AEST Friday.

The ASX Small Ords was down 15 points at 2825 by 1pm AEST.

GOING UP

South Africa-focused copper and zinc explorer Orion Minerals (ASX:ORN) was the lunchtime leader today after announcing mid-tier miner Independence Group (ASX:IGO) was buying in via a $5 million placement at 5c.

Orion shares jumped by about a third to 5c — and were trading around 4.6c by 1pm AEST.

The pair will fast-track redevelopment of Orion’s flagship Prieska zinc and copper project in South Africa and progress a “highly prospective” nickel, copper, cobalt and zinc projects.

Independence also got “preferential rights to joint-venture or purchase Orion’s nickel projects in the highly prospective Areachap Belt located in the Northern Cape, South Africa”, Orion said.

Robo parking cop Smart Parking (ASX:SPZ) bounced after yesterday losing half its value following a management clear-out in its British business.

The shares were up 27 per cent to 33c by 1pm AEST — still a long way from the 50c they were fetching at the start of the week.

Smart Parking revealed today it acted on whistle blower information in the sacking of two of its top UK execs for breaches of corporate policies.

Smart Parking makes smart phone technology that can direct drivers to empty car spaces — but also instantly identifies when a driver has overstayed a time limit, leading to huge jumps in parking fine revenue.

In a call with shareholder this morning, company chief Paul Gillespie described the events leading up to the termination of its UK chief and financial officer.

Ausmon Resources (ASX:AOA) jumped 30 per cent on high volume this morning after it won two mining licences for cobalt and nickel projects in the central-western NSW town of Broken Hill.

The shares were up 20 per cent at 1.2c with 30 million shares changing hands by 1pm AEST.

Ausmon subsidiary New Base Metals won two six-year licences and expects a third to be granted soon.

“The Broken Hill cobalt-nickel project is in close to the Thackaringa cobalt project where Cobalt Blue has announced a major cobalt resource upgrade as well as partnership with multinational conglomerate LG International,” Ausmon told investors.

Broken Hill is “highly prospective” for cobalt deposits, the miner says.

Ivory Coast gold explorer Manas Resources (ASX:MSR) gained 25 per cent to 0.5c with 30 million shares changing hands.

Manas signed an earn-in deal to acquire up to 70 per cent of a northern Ivory Coast project called Mbengué Gold.

The existing owner had “undertaken an extensive regional exploration program across the Mbengué permit and identified a number of soil anomalies” which have had follow-up drilling.

“Included in the results from this drilling was the discovery hole for the K1 prospect which
had a total mineralised intersection of 69m at 7.8 grams per tonne gold.

Anything over 5g/t is regarded as high grade.

“With several walk-up drill targets already outlined from previous exploration work, we look
forward to providing regular news flow on this exciting acquisition in the months ahead,” said Manas chairman Mark Calderwood.

Here are the ASX small cap winners at Friday lunch:

ASX Code Company Intraday price change Price May 18 12pm Volume Market Cap
XPE XPED 0.333333333333 0.004 686.11k 4.5M
ROG RED SKY ENERGY 0.333333333333 0.004 35.57k 1.8M
LKO LAKES OIL 0.333333333333 0.004 1.50M 82.9M
ORN ORION MINERALS 0.27027027027 0.047 7.11M 47.7M
WGL WANGLE 0.25 0.005 656.10k 4.4M
MSR MANAS RESOURCES 0.25 0.005 11.32M 11.9M
MRD MOUNT RIDLEY MINes 0.25 0.005 270.00k 6.1M
IPB IPB PETROLEUM 0.235294117647 0.021 2.30M 2.7M
SPZ SMART PARKING 0.230769230769 0.32 8.08M 93.4M
ADR ADHERIUM 0.227272727273 0.135 18.58k 19.2M
AOA AUSMON RESOURCES 0.2 0.012 33.06M 5.1M
MLS METALS AUSTRALIA 0.166666666667 0.007 3.11M 14.0M
GBI GENERA BIOSYSTEM 0.161290322581 0.18 105.61k 16.7M
CXM CENTREX METALS 0.15 0.115 68.05k 31.6M
XST XSTATE RESOURCES 0.142857142857 0.008 4.59M 5.5M
WOF WOLF PETROLEUM 0.142857142857 0.008 190.40k 4.8M
POH PHOSPHAGENICS 0.142857142857 0.016 7.45M 22.1M
CE1 CALIMA ENERGY 0.125 0.054 136.10k 26.7M
USA URANIUMSA 0.125 0.009 6.59M 2.9M

GOING DOWN

Black Star Petroleum (ASX:BSP) was down 50 per cent on no news.

Also in the no-news department, Connexion Media (ASX:CXZ) was down 28 per cent and cryptocurrency investor Chapmans (ASX:CHP) lost 17 per cent.

Here are the ASX small cap losers at Friday lunchtime:

ASX Code Company Intraday price change Price May 18 12pm AEST Volume Market Cap
BSP BLACK STA -0.5 0.001 1.04M 1.1M
CXZ CONNEXION MEDIA -0.285714285714 0.005 1.00k 5.1M
SMA SMARTTRANS -0.25 0.003 3.31M 26.2M
JPR JUPITER ENERGY -0.205882352941 0.054 40.00k 10.4M
KTA KRAKATOA -0.179487179487 0.032 6.75k 4.5M
FSG FIELD SOLUTIONS -0.172413793103 0.024 497.49k 12.5M
S3R SERPENTINE -0.166666666667 0.005 415.00k 4.3M
MTH MITHRIL -0.166666666667 0.015 760.00k 2.2M
EPM ECLIPSE METALS -0.166666666667 0.005 97.00k 6.9M
CHP CHAPMANS -0.166666666667 0.005 2.55M 9.1M
BUY BOUNTY OIL & GAS -0.166666666667 0.005 1.60M 5.7M
MED MERLIN DIAMONDS -0.142857142857 0.006 2.60M 21.8M
IVO INVIGOR GROUP -0.142857142857 0.006 45.53k 8.8M
CUX CROSSLAND STRATE -0.142857142857 0.006 200.00k 7.1M
TV2 TV2U -0.133333333333 0.013 2.59M 29.2M
LRS LATIN RESOURCES -0.125 0.007 2.27M 21.0M
LGR LANKA GRAPHITE -0.122807017544 0.05 3.00k 6.2M
AFR AFRICAN ENERGY -0.12 0.022 459.00k 15.7M
STA STRANDLINE -0.115384615385 0.115 1.98k 37.3M
NWF NEWFIELD -0.111111111111 0.16 173.08k 104.6M