Closing Bell: Today’s biggest small cap movers on the ASX
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A quick wrap of the ASX’s key winners and losers on Thursday, July 16.
Data is taken after the market closes at 4pm EST.
Stocks highlighted in yellow made potentially market-moving announcements during the day.
Today 604 stocks rose, 684 declined and 819 were unchanged.
Genetic Technologies (ASX:GTG) was +100 per cent in early trade after filing a “provisional patent for its COVID-19 Severity Risk Test” with the Aussie patent office.
This is not a test for the virus itself, but for risk of an individual developing further serious diseases if they contract the virus.
Unfortunately for shareholders the news came through on the NASDAQ overnight, where the dual-listed company also trades as GENE.
The stock’s ASX listing was suspended within an hour of market open pending a price query.
Fellow COVID-fighter AnteoTech Ltd (ASX:ADO) reckons it has established a ‘proof of concept’ for a rapid-test solution that can determine whether a patient has COVID-19 within 15 minutes.
And home security expert Scout Security (ASX:SCT) will partner with global security company Prosegur to launch and market new security products based on Scout’s tech in up to 26 international markets.
Bluechiip (ASX:BCT) and its shareholders were left stunned after key customer Labcon North America provided notice to terminate a supply deal.