The ASX closed just 0.11% higher today but there were no shortage of small cap winners, led by Antiviral biotechnology stock Biotron (ASX:BIT).

It announced that its lead drug candidate — BIT225 — had been shown to be effective against COVID-19 in animals.

Despite the news out of Biotron, healthcare finished in the red as did financials and consumer staples. But after a dour week, tech rebounded gaining 1.99% and resources gained 0.99%.

Stocks elsewhere in Asia were mixed but virtually flat too as was the US which will not see trading tonight due to Thanksgiving.

 

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
BIT Biotron Limited 0.1 96 161351267
OVT Ovato Limited 0.003 50 204083
VIC Victory Mines Ltd 0.002 33 6109461
WCN White Cliff Min Ltd 0.016 33 24782334
WOO Wooboard Tech Ltd 0.002 33 2543
PKD Parkd Ltd 0.06 33 28073070
EGR Ecograf Limited 0.845 32 9444980
EML EML Payments Ltd 3.61 31 19701927
ATC Altech Chem Ltd 0.14 27 32085391
IDZ Indoor Skydive Aust 0.073 22 9499951
ZAG Zuleika Gold Ltd 0.023 21 1152903
XST Xstate Resources 0.006 20 51769944
ASQ Australian Silica 0.205 17 2846022
CM8 Crowd Media Limited 0.036 16 6249952
KMT Kopore Metals Ltd 0.037 16 2945247
BCI BCI Minerals Ltd 0.525 15 3389608
GLA Gladiator Resources 0.031 15 4318012
GRR Grange Resources. 0.67 14 6950527
RNX Renegade Exploration 0.008 14 3000000
EMD Emyria Limited 0.495 14 1482622
GML Gateway Mining 0.017 13 3345841
BGD Bartongoldholdings 0.215 13 414672
PIQ Proteomics Int Lab 1.255 13 544632
Wordpress Table Plugin

Biotron (ASX:BIT) surged after telling share holders its oral drug BIT225 was effective against COVID-19 in animals – in that the drug reduced viral load in the subjects’ lungs and blood.

Parkd (ASX:PKD), a micro-cap stock that builds car parks, unveiled a new Heads of Agreement to build a carpark at the Kewdale Central shopping centre in Western Australia.

Battery tech stock Altech Chemicals (ASX:ATC) rose after being able to produce a series of LIB anode materials that have ~30% higher retention capacity compared to conventional LIB anode materials. 

EML Payments (ASX:EML), which jumped more than 20% after providing an update on its regulatory issues with the Central Bank of Ireland. It says the CBI will now permit it to, whilst staying within the material growth restrictions, sign new customers and add programs through its subsidiary PFS Card Services (Ireland) Limited (PCSIL).

In resources, percentage gains were led by $6.2m nanocap White Cliff Minerals (ASX:WCN) which jumped after announcing binding commitments to raise $912,000 (before costs) through a placement at an issue price of 1.2c per share.

 

TODAY’S BIGGEST SMALL CAP LOSERS

(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
RAD Radiopharm 0.4 -33 24061578
OAK Oakridge 0.001 -33 2378900
OEX Oilex Ltd 0.003 -25 18895
AIB Aurora Glb Trust 0.115 -23 167845
NTL New Talisman Gold 0.002 -20 15934279
ACB A-Cap Energy Ltd 0.125 -19 10205566
BBL Brisbane Broncos 0.69 -18 8336
KNM Kneomedia Limited 0.018 -18 3245720
TTB Total Brain Ltd 0.115 -18 247608
CCG Comms Group Ltd 0.1 -17 948967
STM Sunstone Metals Ltd 0.093 -15 55733068
DOR Doriemus PLC 0.11 -15 120001
4DS 4Ds Memory Limited 0.05 -15 20238271
PIL Peppermint Inv Ltd 0.017 -15 20044350
MRZ Mont Royal Resources 0.34 -15 281394
ICG Inca Minerals Ltd 0.099 -14 2034486
KOR Korab Resources 0.07 -14 8287059
MM8 Medallion Metals. 0.195 -13 127328
1ST 1St Group Ltd 0.013 -13 2388028
AOA Ausmon Resorces 0.007 -13 1507407
TRT Todd River Res Ltd 0.105 -13 1380833
VAR Variscan Mines Ltd 0.042 -13 951181
IND Industrialminerals 0.25 -12 338674
Wordpress Table Plugin

Radiopharm Theranostics (ASX:RAD), the latest biotech venture of Paul Hopper, plunged over 30% on its ASX debut.

New Talisman Gold Mines (ASX:NTL) announced the deal to buy the historic Broken Hills mine was now off, as was its plans to spin off its subsidiary Coromandel Gold.

 

ANNOUNCEMENTS YOU MAY’VE MISSED

Today the New Zealand Reserve Bank handed down a report into the risk governance of Westpac (ASX:WBC) which found “material shortcomings” in its board’s oversight of the bank. The company said it accepted the findings and was determined to lift its capabilities in this area.

Still with big banks, NAB (ASX:NAB) learnt this morning that the ACCC would not oppose the proposed acquisition of Citi’s Australian consumer business. The competition watchdog said it was unlikely to raise competition concerns in light of Citi’s minimal market share in the credit card market.

Petrol station operator Ampol (ASX:ALD) announced a heads of agreement to sell 20 freeheld sites to an unlisted property trust which would be 49% owned by Charter Hall (ASX:CHC) with Ampol holding the balance. Ampol says this deal will net $48 million in net proceeds, still give it strategic and operational control over the sites and would help fund the acquisition of Z Energy.

Adairs (ASX:ADH) announced it was buying fellow furniture retailer Focus on Furniture for an Enterprise Value of $80 million. CEO Mark Ronan said it would build out Adairs’ product offering in home furniture and increase its exposure to that market by almost three times.

Medtech Nuheara (ASX:NUH) told shareholders it had completed recruitment for its clinical trial to support its expansion into regulator approved hearing aids and that all candidates which had not begun would do so in the coming week. It is hoping to use the trial to gain FDA 510(k) approval and hopes to have a submission ready in the first quarter of next year.

Casual fashion outlet Universal Store (ASX:UNI) revealed that group sales in the first 20 weeks of FY22 were 14.1% lower than FY21 although 3.3% higher than FY20. Naturally the company’s figures were hit by store closures – and it tips the net earnings impact would be between $7 and $9 million – but the company claimed sales were growing again in November.

 

TRADING HALTS

Friday

HGL (ASX:HNG) – capital raising
Brainchip (ASX:BRN) – announcement
FBR (ASX:FBR) – capital raising
Serko (ASX:SKO) – capital raising

Monday

Matrix Composites & Engineering (ASX:MCE) – capital raising
Firstwave Cloud Technology (ASX:FCT) – acquisition and capital raising
Wide Open Agriculture (ASX:WOA) – capital raising
IXUP (ASX:IXU) – capital raising