The ASX had another day of solid gains, hitting a three week high with tech and resources leading the charge.

The ASX 200 rose 1.25%, closing at 7,405 and while all sectors were in the green, resources and tech both were the best – gaining over 2%. The “worst” sector was utilities which only gained 0.15%.

Markets continued their rally following a crash when the omicron variant was first identified.

There was one IPO today – Orange Minerals (ASX:OMX) – and it gained 2.5% on debut.

 

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.

Copper explorer Emmerson Resources (ASX:ERM) rocketed with a “stunning” 117m at 3.38% copper from 75m at the ‘Hermitage Project’

Still with copper hits, another came from KGL Resources (ASX:KGL) and it gained over 30%.

For the second day in a row, the ASX’s top 10 winners list saw a positive clinical trial result today from Avecho Biotech (ASX:AVE). While it was just a Phase I trial, AVE is one of the few companies in the ASX conducting trials on a CBD-based drug, which is a soft gel product.

Scout Security (ASX:SCT) unveiled a partnership with Hypersion Partners to help it enter the USA and also gave shareholders a trading update.

 

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.

Metal Bank (ASX:MBK) fell as a capital raising took effect.

 

ANNOUNCEMENTS YOU MAY’VE MISSED

Life360 (ASX:360) director James Synge bought just over $520,000 of shares in his company on market. This trade gives him a total of 1.89m shares owned directly and indirectly which equates to ~$21.44m.

Aircraft lessor Alliance Aviation (ASX:AQZ) announced final investment approval to build an aircraft maintenance facility at Rockhampton Airport. The $60 million hangar, which is due to be completed in November 2022 will support its fleet and be the largest of its kind (for civil aircraft) in Australia.

Fintech lender Money3 (ASX:MNY) told shareholders it undertook record lending in November and is forecasting an FY22 gross loan book of $800 million. It also secured a new funding facility with Andrew Pridham-led investment bank MA Financial (ASX:MAF).

Life sciences stock Trajan (ASX:TRJ) went on the acquisition trail again, buying North Carolina based business LEAP PAL parts for US$7.7 million. Leap helps customers in the lab instrumentation and liquid handling trade and has been in business for over 25 years.

The Independent Consumer and Competition Commission (ICCC) of Papua New Guinea gave Santos (ASX:STO) and Oil Search (ASX:OSH) the necessary regulatory clearance for their $21bn merger. The pair of oil giants are now just waiting on PNG’s National Court to sign off on the deal.

Dotz Nano (ASX:DTZ) signed a 3-year distribution agreement to roll out its COVID-19 test kits into Thailand. This deal is the fourth of its kind with separate agreements covering five other countries – Malaysia, Paraguay, the UAE, Sudan and Egypt.

 

TRADING HALTS

Thursday

Bio-Gene Technology (ASX:BGT) – capital raising
BPH Energy (ASX:BPH) – farm out
OreCorp (ASX:ORR) – special mining license application
Kopore Metals (ASX:KMT) – capital raising
Epsilon (ASX:EPN) – capital raising
Environmental Group (ASX:EGL) – capital raising and business update
Orthocell (ASX:OCC) – study results
Alcidion (ASX:ALC) – acquisition and capital raising
OpenLearning (ASX:OLL) – capital raising
Canyon Resources (ASX:CAY) – mining convention

Friday

AVZ Minerals (ASX:AVZ) – capital raising
Middle Island Resources (ASX:MDI) – asset sale
Revolver Resources (ASX:RRR) – exploration results
Vulcan (ASX:VUL) – offtake agreement
Aurumin (ASX:AUN) – capital raising and acquisition
Venture Minerals (ASX:VMS) – capital raising
Traffic Technologies (ASX:TTI) – capital raising update