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

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Actinogen (ASX:ACW), one of the few biotechs fighting dementia, rose after announcing it hired clinical research organisations to assist with the clinical trial.

Its shares have been on a solid run in recent weeks since the FDA approval of Biogen’s drug Aduhelm, the first ever drug shown to help with dementia.

Mining services company Swick (ASX:SWK) rose after reporting that it was expecting revenues between $153 million and $156 million and earnings before interest and tax between $14 million and $16 million for FY21.

Leading resources stocks were BBX (ASX:BBX) and Tempus Resources (ASX:TMR) with drilling updates.

LOSERS

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IOCG hunter Coda Minerals (ASX:COD) fell by over 15 per cent after a capital raising despite the being carried out at a 4 per cent discount to the company’s 5 day volume weighted average price.