Here are the key ASX small cap winners and losers at lunch Monday January 14:

The ASX Small Ords was up 5.8 points or 0.23 per cent to 2,507.1 at 12.30pm AEST.


Valor Resources (ASX:VAL) has scored mining heavyweight Rio Tinto as its partner for the Berenguela copper, silver and manganese project in Peru.

Investors loved the news, trading the hell out of the Perth-based minnow’s shares, and driving the price up 67 per cent to an intra-day high of 0.5c.

Flinders Mines’ (ASX:FMS) shares have rallied nearly 26 per cent this morning to an intra-day high of 3.4c as shareholders ramp up the fight to stop the explorer’s delisting from going ahead.

In mid-December iron ore hopeful Flinders revealed that it wanted to delist, and in preparation for that would buy shares back using a loan from its biggest shareholder, TIO (NZ) Ltd, which owns 55.6 per cent.

The Takeovers Panel began looking into the matter last Thursday after shareholders raised concerns that the proposed deal would allow TIO NZ to gain further control of Flinders and would be a breach of the Corporations Act.

Here are the best performing ASX small cap stocks at 12.15pm Monday January 14:

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ASX CodeNameIntraday Price Change Price 12:15pm (EST)VolumeMarket Cap
LRSLatin Resources50%0.0031.440,000$5.6m
TV2TV2U International40%0.00715,442,858$10.4m
LNYLaneway Resources33.33%0.00417,607,437$11m
FMSFlinders Mines25.93%0.0341,519072$94.10m
MHCManhattan Corp25%0.00560,000$2.97m
PBXPacific Bauxite25%0.01585,000$4.76m
SMCStrategic Minerals20.69%0.3508,542$22.70m



Graphite hopeful Peninsula Mines has announced that managing director Jon Dugdale and director Martin Pyle “would retire effective immediately”.

Replacements have already been found, but that didn’t placate investors which sent then company’s share price down almost 17 per cent to 0.5c per share by midday.

Here are the worst performing ASX small cap stocks at 12.15pm Monday January 14:

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ASX CodeNameIntraday Price Change Price 12:15pm (EST)VolumeMarket Cap
GLAGladiator Resources-50.00%0.0011,400,000$2.44m
CLZClassic Minerals-33.33%0.0022,855,001$8.14m
DTRDateline Resources-33.33%0.0022,853,313$2.17m
GPPGreenpower Energy-25.00%0.00382,032$6.26m
AUQAlara Resources-20.83%0.019100,000$15.10m
BLYBoart Longyear -20.00%0.004347,105$131.50m
YPBYPB Group-16.67%0.0153,176,235$14.40m
PSMPeninsula Mines-16.67%0.005360,717$5.18m
OVLOro Verde-25.00%0.003968,116$6.22m