ASX Small Cap Lunch Wrap: Who’s going back to school today?

Link copied to
clipboard

As Australia remains in lockdown, the Morrison government is gathering today to discuss the next phase of domestic containment measures.

And the question of what to do with the country’s student population will be at the top of the agenda.

Prime Minister Scott Morrison has indicated that formulating a plan to get kids back into the classroom is now a government priority.

Earlier this morning, Home Affairs minister Peter Dutton told the Today show on Channel Nine that medical advice suggests it’s now safe for students to return to school — excluding sick kids and teachers aged over 60.

Elsewhere, US lawmakers agreed to pass an additional $US484 billion ($750bn) stimulus package aimed largely at small business, after the initial $US350bn ($550bn) Paycheck Protection Program was drained in record time.

On local markets, the ASX edged higher this morning following a flat lead from US stocks. In line with the cautious tone, gold remains elevated comfortably above $US1,700 an ounce (~$2,710/oz thanks to the exchange rate).

WINNERS

Here are the best performing ASX small cap stocks at 12pm Friday April 24:

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

Recruitment company Ignite Ltd (ASX:IGN) turned heads in morning trade, gaining more than 400 per cent on no news before going into a trading halt at around 11am EST.

Over the past 12 months, the stock declined from above seven cents to below one cent, before surging back above five cents this morning.

Elsewhere, embattled biotech Botanix Pharmaceuticals (ASX:BOT) had some good news for shareholders, following two failed clinical trials in previous months.

Shares in the company rose more than 70 per cent this morning after its announced one of its other drug candidates, the cannabinoid-based antibacterial microbe BTX1801, was given a special status by the US Food & Drug Administration (FDA).

The treatment was named as a Qualified Infectious Disease Product (QIDP) for the prevention of post-surgical infections.

LOSERS

Here are the worst performing ASX small cap stocks at 12pm Friday April 24:

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

share

• 
• 
• 
• 

Link copied to
clipboard

SUBSCRIBE

Get the latest Stockhead news delivered free to your inbox.

"*" indicates required fields

Name*

Email*

Hidden

Email Lists

Morning Update

Lunch Update

Market Close Update

Weekend Update

It's free. Unsubscribe whenever you want.

By proceeding, you confirm you understand that we handle personal information in accordance with our Privacy Policy.