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 Middle Eastern focused copper-gold play Alara Resources (ASX:AUQ).

The company completed a capital raising which saw an Omani construction contractor buy a major stake in the company at a 125 per cent premium to last week’s price.

Cancer finder Imagion Biosystems (ASX:IBX) also rose after a capital raising despite the deal being done at a discount to last week’s price.

PropTech Group (ASX:PTG) enjoyed a stellar return to the ASX after sealing the acquisition of two property tech platforms and raising $10 million.

Digital X (ASX:DCC) was also a big winner today. The company unveiled a new regtech product designed for stock exchanges to put directors trades onto blockchain.

And the only food delivery play on the ASX, Dragontail Systems (ASX:DTS) has risen too in the last hour following a company update.

LOSERS