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 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.