Here are the key ASX small cap gainers and losers at 12pm AEST.

The ASX Small Ords was up 17 points to 2840 at lunch.

In the green

HR tech Nvoi (ASX:NVO) led the winners at lunch — up 33 per cent to 1.2c.

Its a bounce-back for the stock — and follows three directors buying up shares last week.

Nvoi operates a workforce-as-a-service platform that directly connects employers and skilled professionals, eliminating the friction points in contract workforce management.

Earlier this year it reported an increase in the number of jobs posted by each newly registered corporate on its recruitment platform.

New ASX entrant Star Combo Pharma (ASX:S66) continued its stellar run — up another 31 per cent to $1.59 in morning trade.

The vitamin maker joined the ASX just last week after selling $7 million worth of shares at 47c and 50c. The stock was today trading at more than three times its offer price.

The company makes 70 per cent of its revenue from contract manufacturing for other vitamin businesses and 30 per cent from sales of its branded products, but is looking to swap those numbers around.

Organic food maker Food Revolution Group (ASX:FOD) was up 25 per cent to 6c with no news in the market.

Earlier in the month it announced its intention to extend its Juice Lab, Thirsty Brothers and The Bucha Shop ranges.

Launching new products is expected to boost production at FOD’s Australian-based plant in Mill Park, Victoria, which has been operating at 40 per cent capacity.

The plant has capacity to do more than $110 million in revenue at gross margins of 30 to 45 per cent.

Prawn farmer Seafarms (ASX:SFG) surged 22 per cent to 7c before going into a halt at midday.

The company is working on its large-scale Project Sea Dragon in northern Australia but had no news in the market this morning.

It said it expected the announcement to be made on Wednesday.

Milk formula maker Bioxyne (ASX:BXN)after a deal to send more milk to Asia jumped as much as 36 per cent .

Shares settled up 18 per cent at 7.8c at lunch.

The deal will see Bioxyne’s products sold to Thailand, Philippines, Myanmar, Cambodia and Mauritius – a first order already placed to the value of $266,000.

ASX Code Name % CHANGE Price Mon 12pm AEST Volume
NVO NVOI 33 1.2c 350 084
S66 Star Combo Pharma 31 $1.59 3 450 263
FOD Food Revolution Group 25 6c 536 959
SFG Seafarms Group 22 7c 1 752 193
BXN Bioxyne 18 7.8c 2 271 906
BOA Boadicea Resources -31 10c 495 034
WHA Wattle Health -22 $1.75 1 281 886
PNL Paringa Resources -18 25c 2 539 338
FMS Flinders Mines -15 8.5c 256 000
AUR Auris Minerals -14 8.3c 4 676 805

In the red

“Disappointing” drill results from Boadicea Resources (ASX:BOA) have seen its share price fall 31 per cent to 10c.

The company completed diamond drilling on three holes at its Bell Ringer Prospect — but intersected iron sulphides as opposed to targeted nickel and copper sulphides.

“While disappointed with the results at Bell Ringer, the company is encouraged by the effectiveness of the completed surveys to detect and model sulphide mineralisation at Symons Hill and looks forward to advancing exploration activities at the many additional untested targets in the highly underexplored northern part of the Project area,” Boadicea told the market.

Milk formula maker Wattle Health (ASX:WHA) today announced a plan to raise $78 million for a joint venture with an organic dairy group — but shareholders weren’t buying it (yet).

On Monday morning Wattle’s shares dived 38 per cent from $2.26 to an intraday low of $1.40 after the company said it would sell new shares at $1.25.

The stock recovered to $1.75 by midday.

Wattle signed a joint venture with the Organic Dairy Farmers of Australia (ODFA) and Niche Dairy to design, construct and operate an organic spray drying facility in Australia.

Paringa Resources’ (ASX:PNL) latest raise has failed to excite investors — the stock slipped 18 per cent to 25c.

Paringa announced a $19.2 million placement and institutional offer, as well as a further $11 million retail component.

Pilbara Iron Ore explorer Flinders Mines (ASX:FMS) fell 15 per cent to 8.5c after retracting an earlier production target.

Flinders previously noted it was targeting an annual production rate of about 45 mega tonnes per annum for a life of 14 years — but today retracted it due to ASX listing rules.

It said it had identified potential for lower-grade detrital material to contribute to the projects mineral resource and that further planning and infrastructure agreements was required to confirm the true target and mine life estimate.

First results from Morck’s Well have seen Auris Minerals (ASX:AUR) slump in morning trade.

The farm-in partner was trading down 14 per cent to 8.3c at midday.

Morck’s Well is a joint project with Sandfire Resources (ASX:SFR) and Fe Limited (ASX:FEL) — SFR reporting a lack of visible mineralisation in its second drill hole.

It says drilling will continue in the area, with a second hole collared some 400m to the south-west of MWRC0001, to provide further geological context and another deep platform for surveying.