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 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.
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.
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.