Here are the key ASX small cap winners at lunch Monday March 4:

The ASX Small Ords was up 30.2 points or 1.1 per cent to 2,796.4 at 12pm AEST, another new high in its slow recovery since dropping to 2,371 points in December last year.

GOING UP

Threat Protect (ASX:TPS) shares rose 33 per cent to 24c this morning on news it had secured a $49 million funding package to complete the acquisition of a major Eastern states security alarm monitoring business, and refinance current debt facilities.

It will acquire Onwatch for $35 million.

Petratherm (ASX:PTR) shares were up 25 per cent to 4c after it announced it had secured a prospective ground position close to the operating Fosterville and Costerfield Gold Mines.

“The area contains several historic gold and other mineral prospects in areas of outcrop. Younger cover sediment however masks much of the prospective host rock and these regions have only been very lightly explored,” it said.

Shares in Authorised Investment Fund (ASX:AIY) rose 38 per cent to 10c this morning, though the company issued no real news before lunch, just a confusing set of releases.

The first was to announce that the extraordinary general meeting it held on February 8 will have to be re-held, because the ASX told the company it did not satisfy formal requirements for EGMs.

The second was a correction of a late Friday announcement — the real news behind the 38pc rise — that it had made a $7 million offer for Encounter Resources (ASX:ENR). AIY said on Friday that Encounter had mines in Casterton, Western Australia, before it realised it meant to say Western Victoria.

The company then requested a pause in trading just before lunch pending a further announcement.

ENR shares rose 10 per cent.

Here are the best performing ASX small cap stocks at 11.45am Monday March 4:  

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ASX Code Name Last price Percentage change Market cap Volume
ADV Ardiden 0.005 50% $7,500,000 20.1M
IDZ Indoor Skydiving Australia 0.008 33% $957,000 3.2M
SYT Syntonic 0.013 30% $38,800,000 40.7M
LRS Latin Resources 0.003 25% $7,300,000 420.0k
IXU IXUP 0.13 24% $20,600,000 15.0k
AR9 Archtis 0.1 23% $12,300,000 32.0k
AHZ Admedus 0.04 20% $21,200,000 170.0k
TNT Tesserent 0.06 20% $8,300,000 153.3k
E2M E2 Metals 0.2 18% $15,100,000 328.5k
WZR Wisr 0.07 17% $36,700,000 11.7M
BLY Boart Longyear 0.004 17% $92,000,000 850.8k
FPL Fremont Petroleum Corp 0.007 17% $8,600,000 20.0k
TV2 TV2U International 0.007 17% $15,100,000 1.5M
BUB Bubs Australia 0.69 16% $309,200,000 13.4M
WKT Walkabout Resources 0.15 15% $44,100,000 944.9k
MYR Myer Holdings 0.47 15% $386,000,000 12.8M
NTU Northern Minerals 0.05 14% $62,800,000 3.9M
CDT Castle Minerals 0.008 14% $1,800,000 221.0k
DDT DataDot Technology 0.008 14% $6,500,000 70.0k
GLV Global Vanadium 0.004 14% $11,300,000 250.0k
HGM High Grade Metals 0.008 14% $3,600,000 125.0k

 

GOING DOWN

Celsius Resources (ASX:CLA) was the day’s biggest loser, shedding more than two-thirds of its value on announcing the cobalt price was too weak for it to continue evaluating its cobalt project in Namibia.

“In light of this and given the current and near term forecast pricing for cobalt, the company has decided it is in the best interests of shareholders to significantly slow work on the evaluation of the Opuwo Project, until such time as the cobalt price improves markedly from current levels,” it said.

Longtable Group (ASX:LON) shares also fell, to an all-time low of 22c, but that was just due to a discounted capital raise. This morning it announced it had acquired the rest of Maggie Beer Products.

Here are the worst performing ASX small cap stocks at 11.45am Monday March 4:  

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ASX Code Name Last price Percentage change Market cap Volume
CLA Celsius Resources Ltd 0.02 -52% $12,900,000 44.4M
RMP Red Emperor Resources NL 0.04 -40% $20,500,000 29.6M
LON Longtable Group Ltd 0.22 -33% $27,000,000 306.3k
VP7 Velocity Property Group Ltd 0.04 -27% $12,700,000 46.8k
EXO Ennox Group Ltd 0.003 -25% $5,300,000 215.0k
RLC Reedy Lagoon Corp Ltd 0.004 -20% $1,600,000 150.0k
MNC Metminco Ltd 0.002 -20% $2,400,000 500.0k
BEE Broo Ltd 0.03 -18% $20,400,000 146.4k
PGI PanTerra Gold Ltd 0.02 -17% $4,200,000 3.4M
88E 88 Energy Ltd 0.01 -17% $101,300,000 39.3M
GSM Golden State Mining Ltd 0.1 -16% $4,500,000 25.0k
IGN Ignite Ltd 0.05 -15% $4,000,000 3.0k
RDF Redflex Holdings Ltd 0.51 -15% $76,600,000 30.1k
A4N Alpha HPA Ltd 0.12 -14% $68,100,000 89.1k
GBG Gindalbie Metals Ltd 0.01 -14% $18,000,000 1.3M