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Movers & shakers on the ASX today

The All Ordinaries (Index: ^AORD) (ASX: XAO) ended the day up 0.9% at 5,171.20, following leads from Wall Street.

Here are 10 of the top movers and shakers on the ASX today starting with 5 gainers…

Beadell Resources Ltd (ASX: BDR) share price soared 22.7% to $0.14, after announcing a maiden mineral resource for its Urucum underground mine of 634,000 ounces of gold at relatively high grades.

AWE Limited (ASX: AWE) share price rocketed 16.1% to $0.72, on the back of surging oil prices.

Ausdrill Limited (ASX: ASL) share price climbed 13.5% to $0.29, but shares in the mining services company are still down more than 70% over the past 12 months.

RedFlow Ltd (ASX: RFX) share price gained 10% to $0.22. Ltd (ASX: UBN) share price rose 10% to $0.82, as director Arlene Tansey picked up 71,428 shares on market – usually a good sign.

And here’s five companies that were heavily sold off…

Tap Oil Limited (ASX: TAP) share price crashed 18.2% to $0.18, despite the surging oil price.

Migme Ltd (ASX: MIG) share price sunk 6.9% to $1.02, after completing its $10 million capital raising at $1.00 per share. Migme is a social media entertainment platform, including messaging, chat, games, emoticons and stickers.

Australian Careers Network Ltd (ASX: ACO) share price dived 5.9% to $2.70 with the education provider embroiled in alleged rorts in the Federal government’s vocational education sector.

Kathmandu Holdings Ltd (ASX: KMD) share price fell 5.8% to $1.31, with increasing uncertainty over the outcome of the takeover offer on the table from New Zealand’s Briscoe Group. Briscoe appears to be having problems acquiring shares and says it won’t raise offer.

Starpharma Holdings Limited (ASX: SPL) share price dropped 5.6% to $0.68. Shares in the biotech stock soared earlier this month as we reported here, but it’s been all downhill from there.


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Motley Fool contributor Mike King doesn't own shares in any companies mentioned. You can follow Mike on Twitter @TMFKinga

The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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