These 3 small cap shares are on the rise today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) may have bounced back strongly today with a 0.5% gain in morning trade, but this is nothing in comparison to some of the gains being made at the small end of the market.

Three small cap shares that caught my eye with big moves today are listed below. Here’s why they are on the rise:

The Compumedics Limited (ASX: CMP) share price has returned to trade and rocketed a massive 67% to 68.5 cents. This morning the medical device company announced that it is looking to form a joint venture with leading China-based premium health-check company, Health 100. The two companies aim to form a joint venture that will commercialise Compumedics’ Somfit product and technology platform in the China market. If successful and the China Food and Drug Administration gives its approval to the device, Health 100 will purchase 1 million Somfit devices from the joint venture over a two-year period. This is expected to generate revenue of at least A$133 million (US$100m) over the period. Compumedics will own approximately 49% of the joint venture.

The Resapp Health Ltd (ASX: RAP) share price has pushed 5% higher to 14.2 cents. This morning the medical technology company advised that recruitment for its SMARTCOUGH-C-2 study is progressing well and is expected to complete by the middle of the year. The study is evaluating the efficacy of the ResAppDx smartphone application for the diagnosis of childhood acute respiratory disease using cough sounds and will enrol up to 1,667 patients at the three participating hospital sites in the United States. While the technology looks very promising, the last study was a disaster for the company. If this one isn’t a success then I think it will be hard for the company to move forward from here.

The Zip Co Ltd (ASX: Z1P) share price is up over 4% to 86 cents after the fintech company announced that Super Retail Group Ltd (ASX: SUL) has joined its interest free payments platform. This is the largest retail group to have joined Zip’s platform. The rollout is expected to commence from July onwards and means both the Zip and Afterpay Touch Group Ltd (ASX: APT) platforms will be available to Super Retail’s customers now.

This “Holy Grail” Technology Could Produce World’s First Trillionaire

One of the world’s richest people is sounding the alarm on what could be a trillion-dollar technology.

And when a tech billionaire – several times over – speaks, it pays to listen.

This could be your chance to get in on the ground floor!

Click here to discover a $19.9 trillion dollar idea — hidden in plain sight!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO and Super Retail Group Limited. 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 Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…


The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!