Closing Bell: Today’s biggest small cap movers on the ASX

Closing Bell is Stockhead’s daily recap of the ASX’s key winners and losers.

Data is taken after the market closes at 4pm AEST.

Stocks highlighted in yellow made market-moving announcements during the day.

WINNERS

The ASX saw two reverse takeovers take effect today and both performed well.

Neobank Douugh (ASX:DOU), which entered via the shell of Ziptel (ASX:ZIP), finished up 120 per cent, while iron ore play Tombador Iron (ASX:TI1) finished up 33 per cent.

Motorcycle Holdings (ASX:MTO) surged after telling shareholders it expected earnings above $20m for the first half of the current financial year.

American Rare Earths (ASX:ARR) also climbed higher after it put out an announcement reiterating that the rare-earths friendly US Presidential order from last week would be good news for the company.

LOSERS

Mayne Pharma (ASX:MYX) fell after the US FDA knocked back approval of its generic contraceptive device.