Closing Bell: Today’s biggest small cap movers on the ASX

A quick wrap of the key winners and losers on Monday, May 11.

Data is taken after the market closes at 4pm EST.

Stocks highlighted in yellow made potentially market-moving announcements during the day.

WINNERS

CODE	COMPANY	PRICE	% CHANGE
WOA	Wide Open Agriculture	0.285	103.57%
GTE	Great Western Exploration	0.002	100.00%
MGT	Magnetite Mines	0.002	100.00%
KKO	Kinetiko Energy	0.036	80.00%
YOJ	Yojee	0.046	76.92%
CCE	Carnegie Clean Energy	0.002	50.00%
CUX	Crossland Strategic Metals	0.006	50.00%
PCL	Pancontinental Oil&Gas	0.0015	50.00%
AVW	Avira Energy	0.0015	50.00%
CLZ	Classic Minerals	0.0015	50.00%
RNX	Renegade Exploration	0.003	50.00%
DDD	3D Resources	0.003	50.00%
IVR	Investigator Resources	0.021	40.00%
SCI	Silver City Minerals	0.015	36.36%
BSM	Bass Metals	0.004	33.33%
VMT	Vmoto	0.245	36.11%
EFE	Eastern Iron	0.004	33.33%
MTH	Mithril Resources	0.016	33.33%
MNW	Mint Payments	0.008	33.33%
PSC	Prospect Resources	0.099	32.00%

Leading the pack from post to post was explorer TNT Mines (ASX:TIN), which is in the process of acquiring a high grade uranium-vanadium project in Utah.

The purchase could be both strategic and timely, as the US government moves to support domestic uranium production ahead of a broader positive trend for uranium pricing over the next 15 years.

The stock was up +200 per cent for much of the day.

Gold explorer Classic Minerals (ASX:CLZ) received a nice 50 per cent bump after raising $800,000 to fund an upcoming drilling program at at its flagship Kat Gap and Forrestania projects.

Beleaguered pot stock Elixinol Global (ASX:EXL) is up +46 per cent after a class action lawsuit against the company was withdrawn – a “vindication of the company’s position that its products are accurately labelled and that the plaintiffs’ misleading conduct claims were without merit”, it says.

New investor favourite Archer Materials (ASX:AXE) jumped another +40 per cent today after a European patent application over its quantum computing chip tech moved to the next stage.

The stock surged earlier this month after announcing a non-monetary agreement with computing behemoth IBM.

LOSERS

CODE	NAME	PRICE	% CHANGE
GTE	Great Western Exploration	0.001	-50.00%
GID	GI Dynamics	0.002	-50.00%
XST	XState Resources	0.001	-33.33%
MGT	Magnetite Mines	0.001	-33.33%
FGO	Flamingo AI	0.001	-33.33%
BAS	Bass Oil	0.001	-33.33%
QUE	Queste Communications	0.03	-32.50%
VMG	VDM Group	0.0015	-25.00%
MSR	Manas Resources	0.003	-25.00%
AR9	Archtis	0.06	-20.00%
ENT	Enterprise Metals	0.006	-20.00%
PWN	Parkway Minerals	0.008	-20.00%
DAV	Davenport Resources	0.04	-18.52%
WNB	Wellness and Beauty Solutions	0.009	-18.18%
ACB	A-Cap Energy	0.014	-17.65%
RDS	Redstone Resources	0.005	-16.67%
PSZ	PS&C	0.02	-16.67%