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.

Aussie market finished flat on Thursday, with the #ASX 200 +0.7pt or +0.01% to 6885.9. Gains from $WBC, $ANZ, $CSL, $FMG, $TWE, $TAH & $DMP helped offset the market’s losses #ausbiz

— CommSec (@CommSec) February 18, 2021

WINNERS

Casino operator Aquis Entertainment (ASX:AQS) was the standout winner today, up 211 per cent on no news.

Palla Pharma (ASX:PAL) said its request to move the manufacturing site for its Co-Codamol painkillers to Norway has been granted by the UK medicines regulator (MHRA).

With today’s approval, initial batches of the drugs will be distributed for immediate packaging and sale – with production being ramped up to meet potential demand over the coming months.

The company expects revenues to start flowing in from Q1 FY21.

Biopharma company MGC Pharmaceuticals (ASX:MXC) has struck a worldwide supply and distribution agreement for its anti-inflammatory medicinal cannabis product that can be used to treat COVID-19.

Explorer Helix Resources (ASX:HLX) raised $3m to fund “aggressive” exploration at the Collerina and Canbelego copper projects located in central NSW.

Baby fintechs Integrated Payment Technologies (ASX:IP1) and Change Financial (ASX:CCA) surged, as did debt restructuring and personal insolvency business Credit Intelligence (ASX:CI1).

LOSERS