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 (or fell) after making announcements during intraday trade.
Scroll or swipe to reveal table. Click headings to sort.
Small cap oil & gas plays were in the news today, with both good and bad results.
Topping the winner’s list was Oilex (ASX:OEX), which quadrupled in value to 1.2c after a long-awaited deal to acquire the 55 per cent stake in Cambay oilfield (situated in the Indian state of Gujarat) that it doesn’t already own got over the line, for a purchase price of $US2.2m.
Also near the front of the pack among company’s with announcements was Fremont Petroleum (ASX:FPL), which rose on the back of a new staff hire after announcing that oil & gas executive Simon Johnson has been appointed as Non-Executive Chairman. Johnson’s career experience includes senior positions at a number of NYSE-listed drilling contractors.