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

Industrial distribution company Stealth Global (ASX:SGI) announced that it will acquire Brisbane based tool supplier C&L for $3.8 million. It rose by up to 90 per cent in early trade but pared back to finish the day 27 per cent higher.

Australia’s secondary market NSX (ASX:NSX) rose another 22 per cent today as it held its annual general meeting.

Microcap explorer Latin Resources (ASX:LRS) surged 41 per cent after kicking off a drilling campaign at its Noombenberry halloysite-kaolin project in WA.

Energy minnow Red Sky Energy (ASX:ROG), which has a number of licenses in Cooper Basin which Santos (ASX:STO) is trying to fulfil an earn-in agreement, also climbed today with its latest update.

It said Santos has nearly completed reprocessing 2D seismic and identified priority sites for the next well to be drilled next year.

LOSERS

Red Sky’s peer, Otto Energy (ASX:OEL) dropped after a production update.

Vanadium explorer Technology Metals (ASX:TMT) and regtech Identitii (ASX:ID8) also fell, due to capital raisings.