Whether he’s trying to secure funding for his electric car company or launching convertibles into space or pretending to be built like The Rock, Elon Musk has a lot going on.

Conversely, it’s been a relatively quiet one on the local small cap stock index this morning. The ASX Small Ords rose 0.20 points at 2,791.20 at 12pm AEST — an increase of 0.01%.

Here are the big movers among small cap stocks for today, February 26.

GOING UP

Red Emperor Resources (ASX: RMP) led the pack today, posting a gain of almost 70 per cent to 10 cents a share after updating the market on its Alaskan drilling operations.

The oil & gas play said it had reached total depth of 6,800 feet (2,072 metres), with “multiple potential pay zones identified, including in the primary target zone”.

Red Emperor will now carry out a wireline logging program to verify the zones of interest, which is expected to take around 10 days.

Junior oil miner IPB Petroleum (ASX:IPB) also ripped higher, gaining by almost 50 per cent to five cents a share.

The company is down from its 12-month high of 10.5 cents, after surging last August when its offshore exploration permits became neighbours to those snapped up by Santos following its acquisition of Quadrant.

Here are the best performing ASX small cap stocks at 11.45am Thursday March 7: 

ASX code Company name Price Percentage change Market cap Volume
RMP Red Emperor Resources NL 0.1 67% $49,900,000 14.8M
HOR Horseshoe Metals Ltd 0.012 50% $2,300,000 298.0k
VPR Volt Power Group Ltd 0.002 50% $12,400,000 25.5k
TYX Tyranna Resources Ltd 0.009 50% $7,500,000 6.4M
IPB IPB Petroleum Ltd 0.045 45% $8,200,000 2.3M
ARO Astro Resources NL 0.022 33% $3,800,000 660.0k
CLZ Classic Minerals Ltd 0.002 33% $6,000,000 1.4M
PRL Petrel Energy Ltd 0.004 33% $9,700,000 4.5M
88E 88 Energy Ltd 0.022 33% $133,000,000 103.7M
GOO Gooroo Ventures Ltd 0.04 26% $4,600,000 45.5k
AQS Aquis Entertainment Ltd 0.05 25% $9,300,000 72.5k
CIO Connected IO Ltd 0.003 25% $3,600,000 94.2k
QGL Quantum Graphite Ltd 0.003 25% $18,700,000 930.0k
RLC Reedy Lagoon Corp Ltd 0.005 25% $2,000,000 870.0k
SMI Santana Minerals Ltd 0.005 25% $2,800,000 2.0M
SUD Suda Pharmaceuticals Ltd 0.005 25% $12,900,000 54.4M
VAL Valor Resources Ltd 0.003 25% $4,700,000 3.5M
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GOING DOWN

There were no standout disasters today, with most of the large falls taking place among various mining minnow penny-stocks.

Although tech hardware company Cycliq Group (ASX:CYQ) — which manufactures dash-cams for bikes — took the hardest tumble, falling by 33 per cent to 0.2 cents per share.

Here are the worst performing ASX small cap stocks at 11.45am Thursday March 7:

ASX code Company name Last price % change Market cap Volume
CYQ Cycliq Group Ltd 0.002 -33% $1,900,000 2.5M
AHK ARK Mines Ltd 0.008 -27% $409,000 145.3k
PCL Pancontinental Oil & Gas NL 0.002 -20% $10,800,000 275.0k
AUL Austar Gold Ltd 0.004 -20% $13,600,000 2.9M
ACL Alchemia Ltd/Australia 0.008 -20% $2,900,000 1.4M
WWI West Wits Mining Ltd 0.009 -18% $7,000,000 47.8k
VEC Vector Resources Ltd 0.017 -15% $27,900,000 19.7M
CBY Canterbury Resources Ltd 0.25 -17% $20,400,000 120.0k
NOR Norwood Systems Ltd 0.003 -17% $3,600,000 305.0k
KIS King Island Scheelite Ltd 0.06 -14% $15,700,000 114.5k
SER Strategic Energy Resources Ltd 0.006 -14% $5,400,000 24.3k
MSR Manas Resources Ltd 0.003 -14% $7,900,000 202.7k
MLS Metals Australia Ltd 0.003 -14% $7,000,000 591.7k
E2E Eon NRG Ltd 0.006 -14% $4,600,000 7.8M
MIL Millennium Services Group Ltd 0.19 -14% $8,700,000 72.3k
PBX Pacific Bauxite Ltd 0.014 -13% $5,600,000 101.3k
GLV Global Vanadium Ltd 0.004 -13% $9,900,000 745.5k
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