MENU

These 3 small cap ASX shares are pushing higher on Friday

The market may be pushing notably higher today, but its gain pales in comparison to some being made at the small end of the market.

Three small cap shares that have caught the eye today are listed below. Here’s why they are on the up:

The Avita Medical Ltd (ASX: AVH) share price has risen 10% to 9.9 cents after the regenerative medicine company announced that the U.S. Food and Drug Administration (FDA) approved its Premarket Approval application to market the RECELL Autologous Cell Harvesting Device to treat severe thermal burns in patients 18 years and older. The company expects to launch the RECELL System in the U.S. in the fourth quarter of 2018. Management estimates that the product has an addressable market worth approximately US$200 million.

The Imugene Limited (ASX: IMU) share price has risen 4.5% to 2.3 cents after the clinical stage immuno-oncology company announced that it has formally commenced cGMP manufacture of the clinical batch of cancer vaccine KEY-Vaxx for its proposed Phase 1 PD-1 clinical trial to be conducted in 2019. AmbioPharm Inc, a US-based full-service peptide manufacturing company, has been appointed by the company.

The King River Copper Ltd (ASX: KRC) share price has surged 18% to 5.9 cents after the mineral exploration company was the subject of a now deleted article on the AFR website. That article was titled “Vanadium discoveries a battery game changer” and appears to have got investors excited. King River Copper management quickly put its shares in a trading halt and have clarified details of the article. It stated that “the outcomes of current Scoping Studies are still to be completed and investors should await the release of this information. Scoping on the Vanadium, Titanium, Iron and the Fluorspar projects is expected in the coming weeks.” I would suggest investors follow management’s advice and wait patiently for further details.

Motley Fool Australia Issues Rare "Double Down" Buy Alert

Scott Phillips has stumbled upon a little-owned stock he believes could be one of the greatest discoveries of his 25 years as a professional investor.

 

This is your chance to get in early on of what could prove to be a very special investment recommendation. Think about how many investing trends you've missed out on, even though you knew they were going to be big. Don't let that happen again. This is your chance to get in early.

Simply click here to get started and access our secure sign-up page.

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.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.