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 4.10pm AEDT.
Stocks highlighted in yellow rose after making announcements.
The latter stock also announced it would be closing a capital raising deal early after it was heavily oversubscribed
Among other movers, South Australian graphite play Renascor Resources (ASX:RNU) announced an offtake MOU with a Chinese customer for 10,000 tonnes per annum of Renascor’s purified spherical graphite (PSG) product.
Investment company Arowana (ASX:AWN) revealed that one of its subsidiaries, VivoPower has signed an agreement with GB vehicles to help it import electric vehicle kits and electric Toyotas.
The deal was worth US$250 million over a four year period and the companies say it is the most valuable EV deal in the Australasian region to date.
Junior gold producer Laneway Resources (ASX:LNY) fell after a production update in which it revealed its operations were currently suspended due to heavy rainfall from Cyclones Imogen and Kimi.
Automotive care and accessories outlet AMA Group (ASX:AMA) informed its shareholders its CEO Andrew Hopkins was suing the company.
Hopkins is alleging oppression as a minority shareholder after an independent forensic investigation into undisclosed allegations made against him in late September. The company said it cannot dismiss him prior to a further hearing but it would be defending the matter.