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.
Gains were led by pot stock Cann Global (ASX:CGB), which doubled up after announcing it had raised $3.75m (before costs) in a share placement to sophisticated investors.
The company said it will use the funds to clear debt, including “outstanding convertible note liabilities”. CGB raised the money at 0.5c per share, but the stock ripped higher to close at 1.2c.