Closing Bell: ASX edges lower, but hydrogen stocks rip higher

The ASX closed down again today in spite of resources and tech gaining over 1%.

The ASX 200 fell 0.24%, closing at 7,434 points.

Despite the gains in resources and tech most other sectors fell with financials, property and energy retreating 1%.

The retreat came despite Wall Street hitting a new record high and most other markets in Asia-Pacific notching up gains.

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	Company	Price	%	Volume
RFT	Rectifier Technolog	0.052	44	35746298
WOO	Wooboard Tech Ltd	0.002	33	12001551
PH2	Pure Hydrogen Corp	0.73	33	27174830
BUR	Burleyminerals	0.245	32	435656
IBX	Imagion Biosys Ltd	0.1	30	41492331
CHN	Chalice Mining Ltd	8.7	29	7171613
DCC	Digitalx Limited	0.14	27	28076257
AYM	Australia United Min	0.01	25	5040344
NCR	Nucoal Resources Ltd	0.01	25	4536536
LMG	Latrobe Magnesium	0.13	24	71818843
AFR	African Energy Res	0.049	23	608865
LIO	Lion Energy Limited	0.1	22	33150184
EME	Energy Metals Ltd	0.39	22	90303
CCZ	Castillo Copper Ltd	0.042	20	19371021
EN1	Engage:Bdr Limited	0.003	20	11744667
LCD	Latitude Consolidate	0.059	18	6924439
MGU	Magnum Mining & Exp	0.096	17	7061818
SPN	Sparc Tech Ltd	1.66	17	882178
AOA	Ausmon Resorces	0.007	17	13018613
NXM	Nexus Minerals Ltd	0.535	16	4615634
HAV	Havilah Resources	0.215	16	1122911
AVZ	AVZ Minerals Ltd	0.525	15	33440115
ECT	Env Clean Tech Ltd.	0.023	15	23727303

Pure Hydrogen (ASX:PH2) rose after signing a term sheet to build three waste to hydrogen plants.

Still with hydrogen Lion Energy (ASX:LIO) signed an MoU with BLK Auto for a collaboration to assess opportunities to grow Australia’s hydrogen transport and infrastructure capabilities.

Chalice Mining (ASX:CHN) unveiled its maiden resource at its Julimar project.

Gonneville’s maiden resource, 45% of it in the indicated category, came in at 330Mt of ore at 0.94g/t platinum, palladium and gold, 0.16% nickel, 0.1% copper and 0.016% cobalt (0.58% nickel equivalent or 1.6g/t palladium equivalent).

Chalice declared it the largest nickel sulphide discovery globally in 20 years, and the largest PGE discovery in Australian history.

Pharmaxis (ASX:PXS) rose after its Investigational New Drug application (IND) for a trial of its lead drug, PXS‐5505 was approved by the FDA.

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	Company	Price	%	Volume
OAK	Oakridge	0.001	-50	2475346
CAE	Cannindah Resources	0.33	-42	14573875
NPM	Newpeak Metals	0.001	-33	4000000
YPB	YPB Group Ltd	0.002	-33	4895465
GAP	Gale Pacific Limited	0.3	-29	3006968
CM8	Crowd Media Limited	0.026	-19	5637455
AKG	Academies Aus Grp	0.235	-18	103733
TZL	TZ Limited	0.145	-17	1364420
MAY	Melbana Energy Ltd	0.021	-16	18603682
ATC	Altech Chem Ltd	0.11	-15	6953576
CXX	Cradle Resources Ltd	0.04	-15	91223
GGX	Gas2Grid Limited	0.003	-14	969800
MTB	Mount Burgess Mining	0.006	-14	80000
DME	Dome Gold Mines Ltd	0.23	-13	19535
ACW	Actinogen Medical	0.165	-13	11671315
CAU	Cronos Australia	0.165	-13	388824
RTG	RTG Mining Inc.	0.1	-13	397558
STN	Saturn Metals	0.505	-13	292421
AVW	Avira Resources Ltd	0.007	-13	16601543
CGB	Cann Global Limited	0.0035	-13	9288845
GNM	Great Northern	0.007	-13	3613500

After posting big gains last week in connection with news from its ‘Mt Cannindah’ copper-gold-silver project, Cannindah (ASX:CAE) plunged this morning after its latest exploration update.

Gale Pacific (ASX:GAP) fell after a trading update in which it reported it had been hit by cost inflation greater than it had previously anticipated.

ANNOUNCEMENTS YOU MAY HAVE MISSED

Kelly Partners (ASX:KPG) announced its latest acquisition in an unnamed accounting firm at Penrith. It will pay up to $4.4 million in cash and it will deliver between $3.23 million and $4.25 million to the group.

Avita Medical (ASX:AVH) released its results for the September quarter. Its revenue rose 39% to $7 million and it reported its soft tissue reconstruction trial was close to completion with 58 of 65 subjects enrolled.

PointsBet (ASX:PBH) told shareholders the New York State Gaming Commission recommended it be awarded a mobile sport wagering license. The company said the decision marked an exciting moment with New York State being one of the largest and most important markets in the United States.

Maggie Beer (ASX:MBH) announced sales growth of 84.1% for the September quarter compared to 12 months ago. The company also revealed ecommerce sales were now 44% of the group’s net sales compared to 2% 12 months ago.

Havilah Resources (ASX:HAV) revealed to shareholders plans to spin out its South Australia uranium assets into a separate company. The proposed IPO would raise at least $10 million but would also involve a free distribution of shares to eligible Havilah shareholders.