Small caps have ended the week on a resilient note, posting minor gains as the broader market dipped.

The Small Ordinaries index of 100 small cap companies gained 0.18 per cent on Friday to 2,944, while the ASX200 dipped 0.2 per cent to 6,405.2.

For the week the Small Ords was up 2.3 per cent. Its closing high of 2,946.7 on Wednesday is its best level since February 25.

The S&P ASX Emerging Companies index meanwhile was up 1.1 per cent on Friday, finishing the week up 3.8 per cent.

Cellnet Group (ASX:CLT) was among the biggest gainers on Friday, soaring 65.2 per cent after the electronics wholesaler reported October revenue was up 18 per cent year-on-year to $12.6 million, driven by strong sales of iPhone accessories following Apple’s announcement of four new iPhone 12 models.

Chief executive Dave Clark said the results “surpassed all expectations, delivering one of the best monthly results Cellnet has ever produced,” and positioned the company well moving into the high-velocity Christmas trading period.

Announcements

– Webcentral (ASX:WCG) gained 11.9 per cent to 23.5c and 5G Networks (ASX:5GN) dipped 0.35 per cent to $1.63 after Webcentral said it had received commitments for a $5.6 million capital raising. Also, Webceentral said that 5G had succeeded in acquiring 57 per cent of its shares and the matter was now before the Takeover Panel.

– MedAdvisor (ASX:MDR) gained 6.4 per cent to 41.5c after the medication management platform extended its US secure messaging pilot project with a major pharmaceutical company to run through 2021. The program involves sending text messages to patients about the particular drugs they are on, and letting them access content about their medication on a secure website. The budget for the program is estimated at $1,100,000.

– RareX (ASX:REE) gained 8.7 per cent to 12.5c after raising $3 million via a share placement to advance its flagship Cummins Range Project and drilling at its Weld North Prospect, both in WA. The share placement was for 10c a share, and the company’s directors subscribed for $90,000 worth of shares, RareX said.

– Battery Minerals (ASX:BAT) fell 10.7 per cent to 2.5c after raising $5.5 million via a share placement at 2.2c a share. The funds will be used to fund exploration at its newly acquired exploration license adjacent Stavely Minerals (ASX:SVY) Thursday’s Gossan copper-gold project in Victoria.

Monday:

Crater Gold Mining (ASX:CGN) – price query response
Webcentral (ASX:WCG) – capital raising
Security Matters (ASX:SMX) – capital raising
Gold Mountain (ASX:GMN) – capital raising
Havilah Resources (ASX:HAV) – capital raising
Aurelia Metals (ASX:AMI) – capital raising (just entered on Friday)

Tuesday: 

Tempest Minerals (ASX:TEM) – capital raising
Crowd Media (ASX:CM8) – capital raising
Elixinol (ASX:EXL) – capital raising
CannPal (ASX:CP1) – transaction
AusCann (ASX:AC8) – transaction
Land & Homes Group (ASX:LHM) – financing options
Bryah Resources (ASX:BYH) – manganese rights update
Mayor Resources (ASX:MRL) – capital raising
Protean Energy (ASX:POW) – price query response
+ NXM entering 2*2 halt this arvo

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