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

Californian semiconductor company Revasum (ASX:RVS) rose by over 150 per cent this afternoon. It told shareholders it had made the first shipment of its 6EZ Silicon Carbide Wafer polisher to a major customer.

Also more than doubling today was the ASX’s newest resources stock – Caspin Resources (ASX:CPN). 

The company is a spin off from Cassini Resources (ASX:CZI) and has two West Australian gold and nickel projects. The latter is near Chalice’s Gold Mines (ASX:CHN) Julimar discovery and Chalice has backed Caspin in its the IPO – taking a 10 per cent stake.

Another mover in the resources sector was Anax Metals (ASX:ANX) after reporting it had intersected massive sulphides in drilling at its Whim Creek and Mons Cupri deposits in WA.

New Zealand-based used car seller Turners (ASX:TRA) climbed after its half yearly results.

LOSERS

Ad-tech platform Engage:BDR (ASX:EN1) fell after completing a capital raising.

Meanwhile gold producer Troy Resources (ASX:TRY) also dropped after withdrawing its production guidance at its Karouni mine in Guyana.