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

Closing Bell is Stockhead’s daily recap of the ASX’s biggest movers – the winners and losers alike.

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

Stocks highlighted in yellow rose after making announcements.

WINNERS

Today’s biggest winner was hemp-derived nutraceutical company Elixinol Global (ASX:EXL), gaining over 50 per cent despite having no news.

Digital health company Alcidion (ASX:ALC) was the biggest winner with news. It announced a $9.5 million contract to deploy its digitised patient data platform across the regional South Tees hospital network in North-East England.

Immuron (ASX:IMC) rose too with positive animal trial results of a gut disease vaccine.

LOSERS

Oliver’s Real Food (ASX:OLI) dropped after telling shareholders it had delayed its AGM until January 22 next year.

While companies are required to hold their AGM within 5 months after the end of their financial year, ASIC is allowing a 2 month extension in light of COVID-19.

The company implied doing an AGM virtually was no substitute for the real thing, advising the market that “shareholders’ participation and attendance at the AGM is important to the company”.