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

A quick wrap of the ASX’s key winners and losers on Friday, August 28.

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

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

Today 585 stocks rose, 813 declined and 697 were unchanged.

WINNERS

A restructure at financial advisor WT Financial Group (ASX:WTL) has delivered “return to operating profit and positive operating cashflow” despite the impact of COVID-19, the company says.

Software firm Hansen Technologies (ASX:HSN) and recruitment company The GO2 People (ASX:GO2) also rose on positive FY20 results.

PointsBet (ASX:PBH) announced it will become the official sports betting partner of US broadcaster NBC. Listing at $2 per share in June 2019, PointsBet is definitely not a small cap now — it’s is currently worth over $14 per share.

Junior iron ore developer GWR Group (ASX:GWR) has scored all-important mining approvals from the WA state government, paving the way for first production at its Wiluna West project.

And Buddy Technologies’ (ASX:BUD) LIFX brand has announced the world’s first “disinfecting anti-bacterial smart light”, which it expects will be released to market in Q4.

LOSERS