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 got off to a flying start this morning, with the benchmark up more than 1.0% early on and every sector in the green. Except Utilities, which – like me – is flaaat today.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Code Description Last % Volume MktCap MHC Manhattan Corp Ltd 0.002 33.33 376,000 $4,405,469.66 HCD Hydrocarbon Dynamic 0.003 50.00 500,000 $1,617,164.72 EDE Eden Inv Ltd 0.002 33.33 25,754 $5,517,406.67 NGS NGS Ltd 0.004 33.33 750,500 $753,682.19 RLG Roolife Group Ltd 0.004 33.33 222,000 $2,347,144.99 AEV Avenira Limited 0.005 25.00 827,116 $9,396,136.24 ALR Altairminerals 0.005 25.00 97,889 $17,186,310.07 ATH Alterity Therap Ltd 0.005 25.00 130,192 $20,980,461.27 BYH Bryah Resources Ltd 0.005 25.00 20,000 $2,013,147.42 1MC Morella Corporation 0.003 20.00 112,204 $15,446,998.57
Weirdly, none of the top 10 this morning are there because of any specific announcements – but the same can’t be said for our not-winners this morning.
eCargo (ASX:ECG) is in freefall after announcing yesterday that it’s looking to delist from the ASX.
West African Resources (ASX:WAF) is gearing up for an equity raising, offering new shares at A$1.37 a pop, an 18% discount to the last traded price on Monday, 1 July 2024 which was $1.59.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Code Company Price % Volume Market Cap ECG Ecargo Hldg 0.005 -74 941,594 $11,689,750 ODE Odessa Minerals Ltd 0.002 -50 2,000,000 $4,173,130 AVE Avecho Biotech Ltd 0.002 -33 45,500 $9,507,891 RML Resolution Minerals 0.002 -33 2,706,096 $4,830,065 SIS Simble Solutions 0.002 -33 238,114 $2,260,352 1TT Thrive Tribe Tech 0.003 -25 4,628,471 $1,882,486 IVX Invion Ltd 0.004 -20 125,000 $33,022,661 CL8 Carly Holdings Ltd 0.012 -14 180,339 $3,757,185 MOM Moab Minerals Ltd 0.003 -14 163,737 $2,491,871 WAF West African Res Ltd 1.3825 -13 3,354,231 $1,634,171,685
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