Stockhead’s Top 10 at 10, published at ~10.40am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data.
It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms.
The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading.
WINNERS
Stocks highlighted in yellow made market-moving announcements (click headings to sort).
Security Description Last % Volume MktCap CCO The Calmer Co Int 0.012 118% 14,412,033 $7,594,241 MRQ Mrg Metals Limited 0.002 100% 214,954 $2,525,119 GML Gateway Mining 0.031 29% 2,684,339 $8,291,026 AGH Althea Group 0.033 22% 5,547,863 $10,943,976 1MC Morella Corporation 0.003 20% 837,000 $15,446,999 CDT Castle Minerals 0.006 20% 83,374 $6,122,465 SIH Sihayo Gold Limited 0.003 20% 428,988 $30,510,640 PAA Pharmaust Limited 0.24 17% 1,118,059 $81,161,803 VAR Variscan Mines Ltd 0.007 17% 106,530 $2,274,002 OLL Openlearning 0.015 15% 73,007 $3,482,298
Kava/ CBD supplement company Calmer Co. (ASX:CCO) says ecommerce sales are up 45% to $16,000 per day in May, with sales via major Aussie supermarket Coles also continuing to grow.
THC-infused beverage stock Althea Group (ASX:AGH) says it will make revenues of $50-60m in FY25, which translates to EBITDA of $4-7m.
Metallurgical test work indicates a high grade 68.3% iron grade magnetite concentrate is readily achievable just through simple, low cost grinding at Magnum Mining & Exploration’s (ASX:MGU) Buena Vista project in Nevada.
And clinical stage biotech PharmAust (ASX:PAA) says updated analysis indicates its drug monepantel (MPL) continued to slow the rate of disease progression in patients with MND/ALS.
“These results provide an exciting backdrop ahead of the anticipated commencement of the pivotal adaptive Phase 2/3 STRIKE study in H2 2024,” MD Dr Mike Thurn says.
Amongst the larger winners was $9.5bn capped Treasury Wine Estates (ASX:TWE), which reaffirmed FY24 EBITS (earnings before interest and tax) guidance at an investor day in California.
LOSERS
Stocks highlighted in yellow made market-moving announcements (click headings to sort).
Security Description Last % Volume MktCap VPR Volt Power Group 0.001 -33% 7,243 $16,074,312 CLZ Classic Min Ltd 0.003 -25% 484 $1,634,340 SKN Skin Elements Ltd 0.003 -25% 39,700 $2,357,944 TMK TMK Energy Limited 0.003 -25% 483,393 $27,646,448 88E 88 Energy Ltd 0.002 -20% 4,440,417 $72,231,680 BUX Buxton Resources Ltd 0.08 -18% 235,708 $16,936,623 BCT Bluechiip Limited 0.005 -17% 26,400 $6,604,601 EDE Eden Inv Ltd 0.0025 -17% 218,139 $11,034,813 ASR Asra Minerals Ltd 0.006 -14% 12,291,042 $11,647,970 BFC Beston Global Ltd 0.003 -14% 42,387 $6,989,664
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