Here are the key ASX small cap winners and losers at lunch Monday, Sep 10:

The ASX Small Ords was down 0.8 points or 0.01 per cent to 2,803.4 at 12.30pm AEST.

GOING UP

Junior gold explorer Explaurum (ASX:EXU) jumped 49 per cent this morning to an intraday high of 11c after it received a takeover offer from fellow gold miner Ramelius Resources (ASX:RMS).

The offer equates to 12.3c per share, valuing Explaurum at roughly $59.2 million.

Explaurum’s Tampia Hill project is about 130km from Ramelius’s Edna May mine.

Ramelius believes there could be operational and capital cost synergies between the two operations, and the addition of the Tampia Hill project to its portfolio would maintain its exposure to ongoing exploration potential.

Takeover talk also sent shares in Spookfish (ASX:SFI) flying this morning. The aerial snapper’s stock rose 13 per cent to an intraday high of 8.5c on news that US peer EagleView had increased its offer by 1c.

About six weeks ago Spookfish announced it had received an 8c offer from EagleView, and EagleView increased that to 9c this morning.

The new 9c offer, however, is a $113 million bid as Spookfish has issued 4.9 million new shares in the past month thanks to options being exercised and performance rights being converted.

Novita Healthcare (ASX:NHL) is up 27 per cent to an intraday high of 4.2c, after telling investors this morning it had received classification from the FDA for its TALI Train product.

TALI Train is a game-based learning program used to treat childhood difficulties.  The classification means the product can now be launched in the US market without requirement of further clinical trials.

Consolidated Zinc (ASX:CZL) continued its recent run on the ASX, up 20 per cent to an intraday high today of 1.8c, its highest point in nearly a year, before settling back down to 1.6c by lunch.

The company had a strong week last week, jumping 87 per cent to 1.5c, after announcing it had started mining at its Plomosas zinc, lead and silver site in northern Mexico.

Today’s rise was on the back of news that director Stephen Copulos had bought 10 million shares at over $143,000.

Here are the best performing ASX small cap stocks at 12.15pm Monday, Sep 10:

Swipe or scroll to reveal the full table. Click headings to sort

ASX code Company Price change today (12pm) Price (12pm) Volume Market Cap
CUL CULLEN RES 1 0.2c 1M 2.6M
VMG VDM GROUP 0.5 0.3c 250k 11.8M
MOX MONAX MINING 0.5 0.3c 1M 1.8M
IBN IBUYNEW GROUP 0.5 0.3c 400k 4.3M
EXU EXPLAURUM 0.49 11c 2M 35.6M
OEX OILEX 0.33 0.4c 154k 6.0M
FNT FRONTIER RESOURC 0.33 1.6c 50k 5.9M
BKP BARAKA ENERGY AN 0.33 0.8c 27M 16.2M
NHL NOVITA HEALTHCAR 0.27 4.2c 3M 14.8M
SVH SILVER HERITAGE 0.27 3.3c 27k 19.4M
NSX NSX 0.27 19c 3k 22.2M
TPD TALON PETROLEUM 0.25 0.5c 10k 4.6M
ICG INCA MINERALS 0.25 0.5c 990k 12.4M
CLZ CLASSIC MINERALS 0.25 0.5c 4M 10.9M
FOD FOOD REVOLUTION 0.23 10c 186k 35.2M
BAR BARRA RESOURCES 0.21 4c 237k 15.6M
ZMI ZINC OF IRELAND 0.2 0.6c 60k 10.7M
SDL SUNDANCE RESOURC 0.2 0.6c 5M 45.7M
OVL ORO VERDE 0.2 0.6c 8M 8.6M
MED MERLIN DIAMONDS 0.2 0.6c 524k 16.5M
4CE FORCE COMMODITIE 0.19 4.3c 471k 15.2M
HMX HAMMER METALS 0.19 3.1c 156k 7.0M
BRB BREAKER RESOURCE 0.17 34c 318k 42.4M
CTO CITIGOLD CORP 0.17 0.7c 34k 12.9M
SFI SPOOKFISH 0.15 8.6c 5M 94.1M
VN8 VONEX 0.14 12c 13k 15.5M
VML VITAL METALS 0.14 0.8c 162k 12.2M
RBR RBR GROUP 0.14 0.8c 712k 4.9M
ORN ORION MINERALS L 0.14 3.2c 4M 52.5M
EVE EVE INVESTMENTS 0.14 0.8c 300k 15.9M

 

GOING DOWN

Disappointing drilling results from the Kurnalpi nickel project in WA sent Mithril Resources (ASX:MTH) shares down 23 per cent to an intraday low of 1c.

Three holes drilled at the northern end of the project found no significant nickel; although the main nickel sulphide target was not reached due to unfavourable ground conditions.  

Here are the worst performing ASX small cap stocks at 12.15pm Monday, Sep 10:

Swipe or scroll to reveal the full table. Click headings to sort

ASX code Company Price change today (12pm) Price (12pm) Volume Market Cap
WGL WANGLE TECHNOLOG -0.33 0.2c 6M 6.2M
MRD MOUNT RIDLEY MIN -0.33 0.2c 714k 4.6M
MTH MITHRIL RESOURCE -0.31 0.9c 3M 2.6M
CAG CAPE RANGE -0.29 $1.56 246k 183.2M
S3R SERPENTINE TECHN -0.25 0.3c 200k 2.9M
PNN PEPINNINI LITHIU -0.2 0.8c 126k 5.9M
CCJ COUNTY INTERNATI -0.18 0.9c 100k 2.1M
TMX TERRAIN MINERALS -0.17 0.5c 342k 3.9M
EXO ENNOX GROUP -0.17 0.5c 4M 10.6M
CVT COVATA -0.17 2c 45k 18.4M
AVD ANTILLES OIL AND -0.17 3c 132k 4.9M
EM1 EMERGE GAMING -0.15 1.1c 7k 7.6M
ODA ORCODA -0.15 20c 17k 21.0M
PNX PNX METALS -0.14 0.6c 70k 9.5M
BLY BOART LONGYEAR L -0.14 0.6c 3M 170.9M
AZI ALTA ZINC -0.14 0.6c 3M 9.6M
WOA WIDE OPEN AGRICU -0.14 15c 25k 12.4M
BCT BLUECHIIP -0.13 6.1c 3M 27.8M
UCW UCW -0.13 17.5c 11 22.0M
WRM WHITE ROCK MINER -0.13 0.7c 78k 13.1M
TRL TANGA RESOURCES -0.13 0.7c 242k 5.8M
RAN RANGE INTERNATIO -0.13 4.2c 92k 9.7M
GPR GEOPACIFIC RESOU -0.13 2.1c 1M 50.0M
JHL JAYEX HEALTHCARE -0.12 2.9c 45k 5.5M
BSX BLACKSTONE MINER -0.12 11c 2k 12.0M
BOC BOUGAINVILLE COP -0.12 15c 9k 68.2M
KNM KNEOMEDIA -0.11 2.4c 37k 17.3M
AGJ AGRICULTURAL LAN -0.11 4c 5k 4.4M
MSM MSM CORPORATION -0.11 0.8c 33k 4.3M
MRV MORETON RESOURCE -0.11 0.8c 2M 25.3M