Small cap companies outshone their bigger counterparts on Friday, with the biggest gains coming from microcap firms.

The Small Ordinaries closed up 0.3 per cent to 2,988.4, while the ASX200 dipped 0.12 per cent to 6,539.2.

For the week, however, the benchmark index did better, closing up 1.88 per cent, while the Small Ords gained 1.69 per cent.

The Emerging Companies index finished Friday up 0.83 per cent to 1,825.2, up 14.5 per cent for the year.

The biggest gains on Friday belonged to Classic Minerals (ASX:CLZ) after the gold explorer finished a $1.2 million placement that was three times oversubscribed. Its shares doubled from 0.1c to 0.2c.


Vectus Biosystems (ASX:VBS) was flat at 99c after completing a $7 million institutional placement at 90c a share. The NSW company is developing treatments for fibrosis and high blood pressure.

Intiger Group (ASX:IAM) was flat at 0.4c after announcing it had acquired 95.88 per cent of Complii Fintech Solutions pursuant to its off-market takeover offer.

SkyCity Entertainment Group (ASX:SKC) was down 0.4 per cent to $2.88 after announcing it expects to reopen its Adelaide casino and entertainment facilities on Sunday, following the South Australian government lifting COVID-19 restrictions.

XState Resources (ASX:XST) fell 14.3 per cent to 0.3c after announcing it had acquired a 15 per cent interest in six oilfields and associated infrastructure in Alberta, Canada. The company is paying $C300,000 ($320,000) cash and $175,000 in scrip for the stake.

Trading halts

Challenger Exploration (ASX:CEL) – assay results
DigitalX (ASX:DCC) – regtech launch
Petratherm (ASX:PTR) – capital raising
Roto-Gro (ASX:RGI) – capital raising
Candy Club (ASX:CLB) – capital raising