Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, which is meant to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms that have made announcements.
The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading – for better or worse – and then I do my best to make sense of who’s moving where and why it might be happening.
Anyway… here’s what’s been happening since the doors were opened this morning…
The ASX opened higher this morning, with the benchmark jumping +0.65% led by an early surge in tech stocks and gold.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Security Description Last % Volume MktCap FTL Firetail Resources 0.095 107% 6,838,557 $6,849,656 MRD Mount Ridley Mines 0.002 100% 4,089,995 $7,784,883 OSX Osteopore Limited 0.088 63% 17,456,059 $6,134,562 ADD Adavale Resource Ltd 0.005 25% 976,000 $4,161,061 ATH Alterity Therap Ltd 0.005 25% 1,328,550 $20,980,461 PUR Pursuit Minerals 0.005 25% 2,020,313 $11,775,886 BEO Beonic Ltd 0.027 23% 135,990 $9,338,889 GED Golden Deeps 0.049 23% 450,000 $4,620,894 1MC Morella Corporation 0.003 20% 1,196,413 $15,446,999 NRZ Neurizer Ltd 0.006 20% 3,048,771 $9,512,153
Jumping early on Thursday morning was Firetail Resources (ASX:FTL) on news that the company is set to acquire up to 80% of the York Harbour copper-zinc-silver project in Newfoundland, Canada via a staged earn-in agreement.
Adavale Resources (ASX:ADD) was climbing after announcing that exploration at its Marree Embayment Project has identified a significant new area for uranium deposition that will be a priority drill target for the company.
Osteopore (ASX:OSX) was back in the news after revealing that its $18.7 million partnership with Singapore’s NDCS and A*STAR to develop next-generation dental implants has reached “significant milestones”.
Structural Monitoring Systems (ASX:SMN) rose quickly after reporting a forecast FY2024 annual revenue of $28.38m, which the company says represents year on year growth of 27%, building on revenue growth of 43% in FY2023.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Code Company Price % Volume Market Cap AXP AXP Energy Ltd 0.001 -33% 17,819,750 $8,737,021 IEC Intra Energy Corp 0.002 -33% 699,995 $5,072,345 CUS Coppersearchlimited 0.1 -31% 543,646 $13,381,384 H2G Greenhy2 Limited 0.007 -30% 2,435,381 $5,981,842 ICU Investor Centre Ltd 0.003 -25% 1,085,010 $1,218,045 SHO Sportshero Ltd 0.003 -25% 15,000 $2,471,331 SKN Skin Elements Ltd 0.003 -25% 141,633 $2,357,944 TIG Tigers Realm Coal 0.003 -25% 700,000 $52,266,809 FTC Fintech Chain Ltd 0.007 -22% 280,000 $5,856,926 WLD Wellard Limited 0.018 -22% 453,806 $12,218,757
Genetic Technologies (ASX:GTG) was down despite news yesterday of a major distribution agreement with Stayhealthy, that would see GTG’s Multi-Risk Test available to a broader audience through Stayhealthy’s online discount pharmacy with 1.5 million users.
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