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

A quick wrap of the key winners and losers on Wednesday, May 6.

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

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

Code	Company	Price	% Change	Volume
E2M	E2 Metals Ltd	0.19	+111.11%	7.2M
XPE	Xped Ltd	0.002	+100.00%	3.0M
GED	Golden Deeps Ltd	0.013	+85.71%	60.2M
TAR	Taruga Minerals Ltd	0.014	+55.56%	79.4k
FSG	Field Solutions Holdings Ltd	0.03	+50.00%	9.2M
DDD	3D Resources Ltd	0.003	+50.00%	4.4M
MCT	Metalicity Ltd	0.003	+50.00%	1.0M
ROG	Red Sky Energy Ltd	0.0015	+50.00%	676.4k
VIC	Victory Mines Ltd	0.0015	+50.00%	48.4M
CE1	Calima Energy Ltd	0.007	+40.00%	2.9M
AXI	Axiom Properties Ltd	0.04	+40.00%	240.0k
RFG	Retail Food Group	0.08	+36.36%	11.3M
XF1	XREF Ltd	0.13	+35.87%	1.3M
AEE	Aura Energy Ltd	0.004	+33.33%	12.0M
CZL	Consolidated Zinc Ltd	0.004	+33.33%	829.0k
LRS	Latin Resources Ltd	0.004	+33.33%	1.7M
AJQ	Armour Energy Ltd	0.04	+28.57%	679.8k
TSL	Titanium Sands Ltd	0.05	+27.78%	991.3k
INF	Infinity Lithium Corp Ltd	0.04	+26.67%	168.4k
CAP	Carpentaria Resources Ltd	0.02	+26.32%	262.1k

Argentina-focused explorer E2 Metals (ASX:E2M) made some serious gains today after hitting high-grade gold and silver with its scout drilling program at its Conserrat project.

The top hit was 16m at 3.9g/t gold and 123g/t silver — including 8m at 7.64g/t gold and 216g/t silver — 76m from surface.

Meanwhile, Field Solutions Holdings (ASX:FSG) caught investors attention after it reached a strategic partnership with Optus to deliver broadband and mobile infrastructure and services to rural, regional and remote Australia.

Code	Company	Price	% Change	Volume
JPR	Jupiter Energy Ltd	0.05	-64.67%	7.8M
MAR	Malachite Resources Ltd	0.06	-39.00%	30.5k
PCL	Pancontinental Oil & Gas NL	0.001	-33.33%	551.8k
ICU	iSentric Ltd	0.004	-33.33%	9.3k
ASN	Anson Resources Ltd	0.02	-29.17%	17.3M
CUX	Crossland Strategic Metals Ltd	0.003	-25.00%	125.0k
CTO	Citigold Corp Ltd	0.003	-25.00%	5.1M
BSM	Bass Metals Ltd	0.003	-25.00%	360.0k
AIB	Aurora Global Income Trust	0.09	-22.73%	1.7k
NVU	Nanoveu Ltd	0.09	-22.50%	5.5M
PKO	Peako Ltd	0.007	-22.22%	13.9k
VAR	Variscan Mines Ltd	0.012	-20.00%	3.8k
WCN	White Cliff Minerals Ltd	0.006	-20.00%	7.4M
SPQ	Superior Resources Ltd	0.004	-20.00%	114.8k
POW	Protean Energy Ltd	0.004	-20.00%	1.6M
MNW	Mint Payments Ltd	0.004	-20.00%	3.7M
DLC	Delecta Ltd	0.004	-20.00%	190.0k
MZZ	Matador Mining Ltd	0.19	-19.15%	2.6M

Kazakhstan-focused oil and gas stock Jupiter Energy (ASX:JPR) took a nose dive after coming out of suspension, which was put in place after the share price spiked 0.5c to 34.5c on big volumes on April 22-23.

In a statement to the ASX on the “irregular trading”, the company blamed “recommendation or recommendations in relation to Jupiter lodged via social media”.