Closing Bell: Today’s biggest small cap movers on the ASX
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Closing Bell is Stockhead’s daily recap of the ASX’s key winners and losers.
Data is taken after the market closes at 4pm AEDT.
Stocks highlighted in yellow made potentially market-moving announcements during the day.
New hits like 20m at 5g/t gold show that Gigante Grande could host “a very large mineralised system”, says explorer Resources & Energy Group (ASX:REZ), which surged +200 per cent to its highest point since March 2018.
A new strategic plan would return about $2.56 per share to Sunland Group (ASX:SDG) shareholders by way of progressive dividend and capital payments. This is a big premium to the 30-day volume weighted average price of $1.33 per share.
The acquisition of the +400,000oz Yandan gold project is part of GBM Resources’ (ASX:GBZ) strategy to build a multi-million ounce ‘processing hub’ at its flagship Mt Coolon Project in Queensland.
And home security firm Scout Security (ASX:SCT) clarified that a purchase order announced last week “will deliver approximately $US200,000 in revenue to the company”.
The quality of Brainchip’s (ASX:BRN) low effort presso copped some heat.