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 winners and losers during the trading day.
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.
Globe Metals & Mining (ASX:GBE) nearly quadrupled after a key governing body in Malawi recommended approval for the company to be granted a mining licence at its Kanyika niobium project.
The recommendation obligates the relevant government minister to formally approve the licence application within 45 days.
Tech stock Altium (ASX:ALU), rose over than 30 per cent after receiving a takeover bid from the NASDAQ-listed Autodesk Inc despite Altium rejecting the offer.
Software company Hansen Technologies (ASX:HSN) also received a $1.3 billion offer from private equity group BGH Capital and has all but accepted the bid.
Scientific device maker Trajan (ASX:TRJ) rose on its debut today.
Today’s other new listing was private equity group FOS Capital (ASX:FOS) though it declined on debut.
WA explorer Desert Metals (ASX:DM1) dropped off the back of an exploration update.