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 saw a quartet of IPOs on the ASX and three of them made today’s biggest winners as they debuted. The roll includes: Maas Group (ASX:MGH), Doctor Care Anywhere (ASX:DOC) and Nuix (ASX:NXL).

Among familiar faces, synthetic bone maker Allegra Orthopaedics (ASX:AMT) led the charge after announcing test results showed the latest edition of its Spinal Cage was better than its last.

Matrix Composites & Engineering Ltd (ASX:MCE) also rose, inking a deal to provide engineering services to oil giant Woodside Petroleum (ASX:WPL) this morning.

Israeli agtech company Roots Sustainable Agricultural Technologies (ASX:ROO) was the biggest riser today after commenting on the UN cannabis declassification. The company, which makes tech that helps crops grow, said it was a big deal for them because cannabis will be its biggest market.

In resources, the biggest winner was Elementos (ASX:ELT) which had an exploration update at its Oropesa Tin Project.

LOSERS

Australian Silicia (ASX:ASQ) dropped after an exploration update on a project it is on a joint venture with DevEx Resources (ASX:DEV) revealed that surveying had not found suitable massive sulphide drill targets at this stage.