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.

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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OM Holdings (ASX:OMH) closed 23% higher after the vertically integrated manganese ore and ferroalloy producer debuted on the Malaysian bourse (Bursa) yesterday, where it appears to have closed at the equivalent of ~$1.16AUD per share.

This is a huge +40% jump up from OM’s Wednesday ASX close of 82c per share.

Outside of resources winners, biotech company Bluechiip (ASX:BCT) closed 19% higher after announcing it has successfully resolved a legal dispute in the US state of California with one of its primary customers, Labcon.

The agreement will see Labcon return cash and assets to the value of US$1.6m to Bluechiip, with the two companies also hammering out a revised supply agreement as part of the settlement.

LOSERS

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