Daily FNArena News - Small Caps

Southern Cross Equities rates Brain Resource a Speculative Buy given potential upside as the company develops offering in the mental health and brain training markets.

Another broker has initiated coverage of clean energy developer Silex Systems, setting a price target for significant upside.

Organic growth and recent acquisitions suggest FY12 will deliver a step change in earnings for BigAir Group, reports Microequities.

DJ Carmichael suggests recent weakness in Ampella’s share price on concerns over civil unrest in Burkina Faso is not justified, so a Buy rating has been reiterated.

Kasbah Resources is developing the Achmmach tin project in Morocco. The project has the potential to grow beyond expectations, says Ord Minnett.

Tox Free Solutions has acquired Waste Solutions in the Northern Territory, the deal seen as earnings accretive and offering additional growth prospects.

Phosphagenics is developing drug patch delivery technology and Southern Cross sees significant upside potential.

Two brokers have today upgraded Extract Resources to Buy following a big price drop and significant takeover potential.

Intersuisse predicts a positive news flow for PepinNini as the former uranium explorer shifts focus to iron ore.

Coppermoly is exploring on New Britain island in PNG and with Barrick of Canada farming into what appear prospective leases, Intersuisse initiates coverage with a Spec Buy rating.