Closing Bell: Today’s biggest small cap movers on the ASX
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A quick wrap of the key winners and losers on Tuesday, April 28.
Data is taken after the market closes at 4pm EST.
Stocks highlighted in yellow made potentially market-moving announcements during the day.
Reffind (ASX:RFN) says a strategic review shows that its employee engagement and recognition platform Wooboard “now has increased relevance to small, medium and large businesses due to the global surge in employees working remotely brought on by COVID-19”.
Explorer Metalicity (ASX:MCT) announced a $1m cap raise to fund drilling at its Kookynie gold project.
Flinders Mines (ASX:FMS) says about $8.7m — or 60 per cent — of its $14.5m entitlement offer was taken up. There will be no allocation or placement of the remaining new shares.
“We note the support shown by some shareholders and as a result of the capital raise falling short of the requirements, the company will assess the process and timing for a further capital raise to satisfy the required completion of the loan repayment to PIO by 30 June 2020,” Flinders’ independent non-executive chairman, Neil Warburton, said.