Daily FNArena News - Small Caps

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.

The lead compound of Neuren Pharmaceuticals is being developed to treat brain injuries and with no current competition in the market Bell Potter sees upside from any success.

DJ Carmichael has initiated coverage on Neptune Marine with a Spec Buy rating, viewing the stock as a turnaround story as new management grows a restructured business.

GI Dynamics is developing the EndoBarrier product for use in treating type II diabetes and obesity and Bell Potter sees significant upside potential in the stock.

Following a meeting with management Moelis remains attracted to Thorn Group, seeing value at current levels given the defensive nature of the group’s earnings.

Growth potential as IT junior NEXTDC rolls out a national data centre offering sees Moelis rate the stock as a Buy.

An unusual business model and a solid growth outlook are a positive combination for GR Engineering, reports Macquarie.