The ASX 200 has tracked lower in Friday trade, rounding out a choppy week where local stocks struggled for direction.

The index was dragged lower by another brutal session for the big miners as iron ore prices tanked again, led by a 15% drop for Fortescue (ASX:FMG).

However, it was comfortably outpaced by another strong session for the microcap Emerging Companies index, which finished around 1% higher on the day.

Elsewhere on local markets, two more small caps joined the ASX boards with strong debuts.

TODAY’S BIGGEST WINNERS

Scroll or swipe to reveal table. Click headings to sort.

WordPress Tables Plugin

Making an appearance on today’s winner’s list were two more IPOs — on-site safety company SSH Group (ASX:SSH) and fintech play Way2VAT (ASX:W2V).

Both stocks popped higher, with W2V initially almost doubling up before finishing around 50% higher. Get more details here.

Also near the top of the leaderboard was Eastern Iron (ASX:EFE), which held its gains after announcing a $1.05m share placement to strategic backer Ya Hua International Investment as part of the company’s pivot to lithium.

Accompanying that deal, ECE has received commitments for an additional $2.52m placement to sophisticated investors. The funds will be raised at 2.3c (along with options priced at 1.2c), leaving investors well in the money at today’s closing prices above 4c.

Another stock to post solid gains was hygiene company AnteoTech Ltd (ASX:ADO), which followed up yesterday’s 10% rally with a gain of more than 15% after signing a distribution deal into Greece and Cyprus for its EuGeni COVID-19 Antigen Rapid Test kit.

TODAY’S BIGGEST LOSERS

Scroll or swipe to reveal table. Click headings to sort.

WordPress Tables Plugin

 

ANNOUNCEMENTS YOU MAY’VE MISSED

Video analytics software company iCetana (ASX:ICE) rose in afternoon trade, before after announcing shortly before 1pm AEST that electronics giant Panasonic is building a “next-generation surveillance system” that will incorporate iCetana’s motion intelligence software.

Accent Resources (ASX:ACS) announced that the WA government has granted it a mining licence in connection with its iron ore project in the Magnetite Range. “The resource at Magnetite Range totals 434 million tonnes at 31.4% Fe at 15% weight recovery cut off”, ACS said.

Mining and infrastructure services company Decmil (ASX:DCG) confirmed that it’s secured an $88.7 million contract with Major Road Projects Victoria (MRPV) for the Barwon Heads Road Upgrade Work Package. The contract was previously preferred and is now contracted, Decmil said.

GBM Resources Limited (ASX:GBZ) announced the completion of a non-binding proposal for the sale of its fully-owned Brightlands Milo IOCG1 — a uranium and rare earths project in Queensland — to Canadian company Consolidated Uranium Inc (CUI). Subject to a 30-day due diligence period, CUI will pay a consideration of CAD$500,000 in cash and CAD$1.5m in CUI shares.

TRADING HALTS

Monday

Locksley Resources (ASX:LKY) – price and volume query
Avira Resources (ASX:AVW) – capital raising
Sunshine Gold (ASX:SHN) – capital raising
Comet Resources (ASX:CRL) – metallurgical test work results

Tuesday

Centrex Metals (ASX:CXM) – extension fee update
Noronex (ASX:NRX) – project acquisition and capital raising
TerraCom (ASX:TER) – refinancing update
Vango Mining (ASX:VAN) – drilling results
Epsilon Healthcare (ASX:EPN) – material order

Featured Companies

You might be interested in