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

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers during the trading day.

Data is taken at the market close – at 4.10pm AEDT.

Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade.

WINNERS

Scroll or swipe to reveal table. Click headings to sort.

Today’s top winner was the ASX’s newest telco Swoop Holdings (ASX:SWP). It raised $20 million as part of a reverse takeover at 50 cents per share and closed at $1.25 – a 172 per cent premium.

In resources, lithium play Sayona Mining (ASX:SYA) took the crown after it revealed that authorities in Quebec gave it and Piedmont Lithium (ASX:PLL) the green light to submit their acquisition bid for North American Lithium Inc (NALs) for court approcal.

Energy minnow Fremont Petroleum (ASX:FPL) reported the sale of 13,000 barrels of oil in the last seven weeks – more than the entire March quarter. The company also says it is benefiting from a stronger gas price and anticipates record revenue this quarter.

And restaurant tech stock Dragontail Systems (ASX:DTS) received a takeover bid from Yum Brands – the fast food giant behind KFC, Pizza Hut and Taco Bell.

LOSERS

Mongolia focused CSG company Elixir Energy (ASX:EXR) fell after revealing that its Cracker-1S well had intersected Triassic sediments with no clear Permian sediments, which are more likely to contain resources, identified. The company admitted the results weren’t in line with its aims but added it had dozens of wells which could deliver differing results.

Horticultural company Costa Group (ASX:CGC) fell after a financial update.