Asiasons calls for trading halt after shares rose 7 per cent on Monday morning

Investment company Asiasons Capital called for a trading halt Monday morning three hours after the market opened.

Asiasons shares rose 0.8 cents or 7 per cent to 12.3 cents before it called for the halt.

It is one of the three now-infamous penny stocks that saw its prices crash spectacularly in early October and wiped out $8 billion in value from the market.

Blumont Group and LionGold Corp are the two other companies involved in the penny stock crash.

Reversing last week's losses, Blumont shares shot up 23 per cent to 8 cents as of 3pm. Some 67.5 million shares changed hands bringing the stock to the day's top 20 by volume.

LionGold shares climbed less sharply by 8.5 per cent to 16.6 cents, with a trading volume of 17.1 million shares as of 3pm.