Closing Bell: ASX closes the week in steady form with a 0.83pc gain

The ASX had a positive finish to the week although it is in negative territory for the week.

The ASX 200 closed at 7,443 points which is up 0.83% from yesterday but slightly down from the 7,457 mark it closed at last Friday.

Today, the only sector in the red was healthcare while the best sector was resources which rose by 2.28% followed by tech which gained 1.82%.

TODAY’S BIGGEST SMALL CAP WINNERS

(Stocks highlighted in yellow rose after making announcements during the trading day).

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

Code	Name	Price	% Change	Volume
PCL	Pancontinental Energ	0.0015	50	5022500
BD1	Bard1 Life Sciences	1.4	41	3033055
VR1	Vection Technologies	0.215	34	23233525
SKN	Skin Elements Ltd	0.063	34	1617946
ECT	Env Clean Tech Ltd.	0.049	32	54349366
BDG	Black Dragon Gold	0.075	25	563526
CCE	Carnegie Cln Energy	0.0025	25	4478465
BRN	Brainchip Ltd	0.605	23	33961313
LMG	Latrobe Magnesium	0.16	23	70333475
GRV	Greenvale Mining Ltd	0.315	21	1345473
AUA	Audeara	0.145	21	290611
ITM	Itech Minerals Ltd	0.29	21	3353661
ENX	Enegex Limited	0.093	21	972196
DNK	Danakali Limited	0.51	20	989655
REM	Remsensetechnologies	0.45	20	594459
YPB	YPB Group Ltd	0.003	20	18820000
CXL	Calix Limited	7.34	20	1229051
DEV	Devex Resources Ltd	0.46	19	3888280
RNE	Renu Energy Ltd	0.125	19	6287049
CMD	Cassius Mining Ltd	0.019	19	1274395
RMX	Red Mount Min Ltd	0.013	18	30651055
BNR	Bulletin Res Ltd	0.085	18	2347876
HMD	Heramed Limited	0.265	17	1558733

iTech Minerals (ASX:ITM) rose after telling shareholders a resampling of historical drilling at its Ethiopia project confirmed rare earth potential.

Black Dragon Gold Corp (ASX:BDG) rose after an update on its efforts to win the approval of authorities in the Spanish Principality of Asturias after submitting its Environmental Impact Assessment (EIA) in July.

And Bard1 Life Sciences (ASX:BD1) obtained a new US patent.

TODAY’S BIGGEST SMALL CAP LOSERS

(Stocks highlighted in yellow fell after making announcements during the trading day).

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

Code	Name	Price	% Change	Volume
MLS	Metals Australia	0.002	-33	43001641
GGG	Greenland Minerals	0.088	-30	54540922
OEX	Oilex Ltd	0.003	-25	1
MHK	Metalhawk.	0.33	-23	2419878
OVT	Ovato Limited	0.0025	-17	11
NC6	Nanollose Limited	0.105	-16	1895041
SCT	Scout Security Ltd	0.05	-15	1465364
IVT	Inventis Limited	0.12	-14	58305
SIT	Site Group Int Ltd	0.006	-14	1756000
PAK	Pacific American Hld	0.02	-13	6820487
GNM	Great Northern	0.007	-13	3065005
ROG	Red Sky Energy.	0.007	-13	4906189
BXN	Bioxyne Ltd	0.021	-13	161095
TOU	Tlou Energy Ltd	0.064	-12	2901313
SER	Strategic Energy	0.037	-12	2123818
XTE	Xtek Limited	0.26	-12	520832
CRS	Caprice Resources	0.19	-12	175684
LCD	Latitude Consolidate	0.054	-11	2867354
AR9	Archtis Limited	0.235	-11	2224749
EVE	EVE Investments Ltd	0.004	-11	2831167
MCT	Metalicity Limited	0.008	-11	4010510

Greenland Minerals (ASX:GGG) fell after the latest legislative developments in Greenland. The local parliament passed new legislation banning mining of mineral resources with uranium content of 100 parts per million or greater in the total resource.

ANNOUNCEMENTS YOU MAY’VE MISSED

Infratil Energy (ASX:IFT) announced a net parent surplus from continuing operations of $1.086 billion for the six months fo September 30. This was the largest net surplus in the company’s 27 year history although it was inflated by the sale of Tilt Renewables (ASX:TLT).

Speaking of M&A deals the $10.2 billion AusNet (ASX:AST) buyout passed one of the biggest hurdles – namely approval by the Foreign Investment Review Board (FIRB). The deal is still subject to a shareholder vote.

The Sustainable Nutrition Group (ASX:TSN) announced it was getting into the plant-based ingredients market. It announced a partnership with Australian Plant Proteins to develop a hemp concentrate, in a deal expected to be commercialised in the fourth quarter of FY22.

AusCann (ASX:AC8) announced plans for a cannabinoid trial in people with spinal cord injuries. The company says it expects the design phase to be complete in early 2022 and that the addressable market was US$6 billion.

Engineering and construction contractor Duratec (ASX:DUR) won a $50 million contract to help establish aircraft fuel infrastructure at the new Western Sydney Airport. Procurement will start immediately and works on site will start in 2022.