Closing Bell: Today’s biggest small cap movers on the ASX

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.

WINNERS

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.

LOSERS

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.