These small cap ASX shares are on the rise today

The Slater & Gordon Limited (ASX:SGH) share price is one of three in the small cap space climbing higher on Tuesday. Here's why…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The All Ordinaries (Index: ^AXAO) (ASX: XAO) may have returned to form today with a solid gain, but this pales in comparison to some of the gains being made at the small end of the market.

Here's why these small cap shares are on the rise today:

The Imugene Limited (ASX: IMU) share price has jumped 9% to 2.4 cents after the clinical stage immuno-oncology company announced that it has completed the recruitment for its Phase 1b clinical trial of the HER-Vaxx cancer vaccine in HER-2 gastric cancer patients. The ongoing trial is testing three different doses in combination with current standard of care chemotherapy Cisplatin and either Fluorouracil or Capecitabine. Management expects to complete the analysis in the coming months before establishing the optimal dose for a larger Phase 2 study. This is positive news but a little soon to invest in my opinion.

The Medlab Clinical Ltd (ASX: MDC) share price has risen almost 7% to 48 cents after advising that it has received a licence to export cannabis from the Office of Drug Control in Canberra. The licence relates to its two cannabis-based medicines, NanaBis and NanaBidial. Both products utilise Medlab's patented NanoCelle delivery platform which allows the delivery of nano particles of the active pharmaceutical ingredients into the side of the cheek. The company is targeting the chronic disease market.

The Slater & Gordon Limited (ASX: SGH) share price has zoomed 14% higher to $2.80 after the embattled law firm announced its Get Your Super Back campaign. Slater and Gordon aims to bring big bank-owned super funds to account, saying the funds owe Australians more than one billion dollars. The law firm indicated that Commonwealth Bank of Australia (ASX: CBA) owned Colonial First State and struggling financial services company AMP Limited (ASX: AMP) are likely to be the first targets in a series of legal actions.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. 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 Scott Phillips.

More on Share Market News

Investor sitting in front of multiple screens watching share prices
Broker Notes

Top brokers name 3 ASX shares to buy next week

Brokers gave the thumbs up to these ASX shares last week. Why are they bullish?

Read more »

Jessica Amir
Investing Strategies

6 ASX shares to buy and hold until the next leap year

These are the stocks to store in the portfolio until the next February 29 rolls around in 2028, according to…

Read more »

A woman ponders a question as she puts money into a piggy bank with a model plane and suitcase nearby.
Share Market News

If I invest $10,000 in Qantas shares, how much passive income will I receive in 2024?

Here's what analysts are predicting from the airline operator.

Read more »

A man holding a cup of coffee puts his thumb up and smiles while at laptop.
Broker Notes

These ASX 200 shares could rise 20% to 50%

Big returns could be on the cards according to analysts.

Read more »

Modern accountant woman in a light business suit in modern green office with documents and laptop.
Value Investing

Looking for ASX value shares? Here's 1 I'd buy and 1 I'd avoid!

It's not an easy exercise to identify which stocks are undervalued and which ones are simply terrible. Here's an example…

Read more »

A young girl looks up and balances a pencil on her nose, while thinking about a decision she has to make.

Will I be buying Zip shares now the company has turned a profit?

Is now the right time to buy this BNPL stock -- or not?

Read more »

a man with hands in pockets and a serious look on his face stares out of an office window onto a landscape of highrise office buildings in an urban landscape

1 ASX dividend stock down 55% to buy right now

Here's why I think this beaten-up stock could be an opportunity.

Read more »

Three analysts look at tech options on a wall screen
Share Market News

Here's how the ASX 200 market sectors stacked up this week

ASX tech shares are on fire, leading the 11 market sectors for a third consecutive week.

Read more »