MENU

These small cap ASX shares are ending the week on a high

The market may have sunk into the red in afternoon trade, but not all shares have followed it lower.

The three small cap shares listed below have defied the market and are on course to finish the week on a high. Here’s why:

The Biotron Limited (ASX: BIT) share price is up 6% to 25 cents. This gain means the drug development company’s shares have surged 150% since this time last week. The driver of this gain has been news that its BIT225-009 HIV-1 Phase 2 data will be presented at an upcoming event in the United States. Investors may believe that this event will bring Biotron onto the radar of pharmaceutical companies that are looking for potential acquisition targets. In its trials, the company’s BIT225 drug has had a unique effect in patients, over and above viral suppression seen with current antiretroviral drugs.

The Liquefied Natural Gas Ltd (ASX: LNG) share price has pushed 6% higher to 49.3 cents. Investors appear to have responded positively to the LNG producer’s update at its annual general meeting yesterday. Management remains very positive on the company’s prospects and believes it is well positioned to benefit from the significant need for new LNG supply to meet the projected demand growth over the next decade. In addition to this, it believes its Magnolia project has competitive advantages including a mature regulatory and cost status, project delivery expertise, and a multi-faceted marketing strategy and contracting approach.

The SDI Limited (ASX: SDI) share price has climbed over 4% to 60 cents on the day of its annual general meeting. At the event the dental materials company revealed that it has had a positive start to FY 2019. Management advised that sales have continued to grow in the first half and are ahead of the prior corresponding period. This appears to have been driven by Whitening and Aesthetics sales which are growing faster than market.

Do you like small cap shares? Then don't miss out on these growing small caps that have been tipped for big things.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Atlassian.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended SDI 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.

5 ASX Stocks for Building Wealth After 50

I just read that Warren Buffett, the world’s best investor, made over 99% of his massive fortune after his 50th birthday.

It just goes to show you… it’s never too late to start securing your financial future.

And Motley Fool Chief Investment Advisor Scott Phillips just released a brand-new report that reveals five of our favourite ASX stocks for building wealth after 50.

– Each company boasts strong growth prospects over the next 3 to 5 years…

– Most importantly each pays a generous dividend, fully franked.

Simply click here to find out how you can claim your FREE copy of “5 ASX Stocks for Building Wealth After 50.”

See the stocks now