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 at the market close – at 4.10pm AEDT.

Stocks highlighted in yellow rose after making announcements.

WINNERS

Today’s biggest winner is ship propulsion systems company Zicom Group (ASX:ZGL). It finished the day up 128 per cent after it won orders worth $S60m ($59.2m) for several oil tankers.

In silver spot was BlackEarth Minerals’ (ASX:BEM), which announced an MOU with US graphite processor Urbix. BlackEarth will supply its graphite concentrate to Urbix’s processing facility when it is complete.

Kiwi satellite broadcasting company Sky Network (ASX:SKT) rose after a financial update.

And Legacy Iron Ore (ASX:LCY) climbed off the back of drilling results from its Yilgangi gold deposit in WA.

LOSERS