Small cap shares have risen for a fifth straight day, with an index of 100 small companies finishing the day at a fresh nine-month high – although they were outperformed by the broader market.

The Small Ordinaries index finished Tuesday up 0.6 per cent to 3,030.7, its best level since February 23. The ASX200 was up 1.26 per cent to 6,644.1, its best level since February 27.

News that a third coronavirus vaccine had proven safe and effective helped drive the day’s gains.

Dragontail Systems (ASX:DTS) was among the biggest small cap movers today, soaring 45.4 per cent to 16c after announcing strong progress in its strategic expansion into the United States. Papa John’s US has agreed to trial its curbside food pickup feature, it has entered the mobile food truck sector and a salad restaurant chain is using its technology. The company makes a platform for monitoring food preparation in fast food restaurants.

Announcements

– Telix Pharmaceuticals (ASX:TLX) rose 11.3 per cent to $3.16 after announcing its new drug application for a radiopharmaceutical for use in prostate cancer imaging by PET scan had been accepted by the US Food and Drug Administration. Telix requested a priority review and expects an answer by the FDA by December 10.

– Adherium (ASX:ADR) gained 7.1 per cent to 3c after announcing respiratory company Monaghan Medical would introduce its Hailie platform and technology at specialist respiratory centres in the United States.

– Talga Group (ASX:TLG) announced it had signed a memorandum of understanding with global tech company ABB to support the development and construction of Talga’s battery anode production facility and associated graphite mining operation in northern Sweden. Under the agreement, ABB will use its expertise to develop a suite of production control and process solutions for the plant.

– Woomera Mining Limited (ASX:WML) announced that aircore drilling had been completed at its 80 per cent owned Mt Venn Gold Project in the Eastern Goldfields of Western Australia. Analysis of the 87 holes is in progress with results expected by the end of the month.

– Respiri (ASX:RSH) announced that it was sponsoring the Carlton Football Club’s AFLW program, the Game Changers.  A logo for Respiri’s wheezo asthma management solution will be featured on the back of the Navy Blue guernsey next season as well as on training gear and official club apparel.

Trading halts

Thursday:

– Bowen Coking Coal (ASX:BCB) – rectification of compliance issue
– Identitii (ASX:ID8) – capital raising

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