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 at the market close – at 4pm AEDT.
Stocks highlighted in yellow rose after making announcements.
Topping the charts today was Intra Energy Corporation (ASX:IEC) which has been transitioning from coal to gold.
The company told shareholders it had begun fundraising for an exploration campaign at its project in Mozambique.
Microcap biotech company Analytica (ASX:ALT) announced it had obtained its R&D tax credit.
Oil large cap Beach Energy (ASX:BPT) revealed disappointing exploration at its Ironbark well. While Beach shares only fell 4 per cent, its partners Cue Energy (ASX:CUE) and New Zealand Oil (ASX:NZO) fell by 58 per cent and 25 per cent respectively.
Ovato (ASX:OVT) plunged on its first trading day since completing a recapitalisation.