Daily FNArena News - Small Caps

DJ Carmichael has initiated coverage on Nimrodel Resources with a Spec Buy rating, seeing upside from a significant coal resource at the Takatokwane coal project in Botswana.

Bell Potter’s Life Sciences Index is well down this year but the broker continues to see value, offering its top picks in the sector.

DJ Carmichael has initiated coverage on Mako Energy with a Spec Buy rating, attracted to the potential of the group’s two projects in Canada and likely positive news flow in coming months.

As Algae.Tec’s carbon capture and biofuel production technology moves towards production at its Australian showcase facility, a Sri Lankan company has signed Algae.Tec’s first commercial deal in Asia.

While permit approvals offer some risk, high quality output and M&A potential lead Citi to initiate coverage on coal junior Bathurst Resources with a Buy rating.

An attractive franchise model and a resilient category should support earnings for Retail Food Group, reports UBS.

Amex Resources is developing the Mba Delta Iron sand project in Fiji and DJ Carmichael initiates with a Buy rating, seeing significant upside potential as the project moves towards production.

Subdued domestic operating conditions don’t detract from the value on offer in Breville according to Moelis.

Nomura has initiated coverage on Prima Biomed with a Buy rating, attracted to the group’s potential to develop an immunotherapy-based treatment for ovarian cancer.

With RBS Australia initiating coverage on Apella Mining it brings to three the number of brokers researching the gold junior, all of which rate the company as a Buy.