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

A quick wrap of the key winners and losers on Friday, July 3.

Data is taken after the market closes at 4pm EST.

Stocks highlighted in yellow made market-moving announcements during the day.

Today 736 stocks rose, 584 declined and 789 were unchanged.

WINNERS

Today’s biggest winner was kidney-focused medtech Osprey Medical (ASX:OSP), which rallied another 127 per cent despite telling the ASX it had no major news after it made gains earlier this week.

Industrial pipemaker Tubi (ASX:2BE) surged after revealing to shareholders it had been thriving through COVID-19.

Advanced Braking Technology (ASX:ABV) rose too after unveiling a technology licensing deal with VEEM Ltd, to “manufacture and supply ABT’s specialised park brake mechanism” for the Australian division of global defence and aerospace company Thales Group.

In resources, nickel-focused microcap Carnavale Resources (ASX:CAV) led the gains with an exploration update.

LOSERS

Masonary provider Adbri (ASX:ABC) plunged after Alcoa said it wouldn’t renew the company’s contract for the supply of lime cement. This contract accounted for $70m in annual revenue.