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 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.
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.
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.