Good morning (just), and welcome to Stockhead’s Top 10 at shortly-after-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 as early as we can grab it, once every ASX stock has started trading – for better or worse – and then we do our 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 today, with the benchmark rising to +0.89% at the time of tapping on keys. The IT and healthcare sectors burst out the gates with vigour and decent gains…
For more on this morning’s market movements, we direct you to Eddy “Relax Everyone, I’m Back from Annual Leave Now” Sunarto’s Market Highlights…
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Security Description Last % Volume MktCap ARN Aldoro Resources 0.115 62% 1,614,977 $9,558,286 APC Aust Potash Ltd 0.0015 50% 1,014,500 $4,020,189 CNJ Conico Ltd 0.0015 50% 225,007 $2,201,528 MCT Metalicity Limited 0.003 50% 14,745,631 $8,971,705 AI1 Adisyn Ltd 0.04 43% 1,916,303 $5,183,696 PBL Parabellumresources 0.05 25% 4,250 $2,492,000 AVE Avecho Biotech Ltd 0.0025 25% 1,469,938 $6,338,594 HLX Helix Resources 0.0025 25% 933,333 $6,528,387 VRC Volt Resources Ltd 0.005 25% 202,682 $16,634,713 MDI Middle Island Res 0.021 24% 2,828,709 $3,703,518
Aldoro Resources (ASX:ARN) reports fresh metallurgical test work has returned open cycle niobium recovery level of 62.4% “on a selected Kameelburg sample.”
Those are numbers in line with recovery levels by developing mining explorers and producers in the global niobium space. Good news.
ARN says the processes resulted in an upgrade of the head feed of 0.74% Nb2O5 to 5.5% Nb2O5, “a multiple of 10.6 times with a 62.4% recovery rate of Nb2O5.” The digger says recovery rate and upgrade values are considered encouraging in the initial test phase.
“The latest niobium recovery result provides ample confidence leading towards maiden drilling targeting rich niobium dykes at the Kameelburg Niobium-REE Project.
“The forward process will focus on a finer grind and micro floatation to increase the grade and recovery further.
Adisyn (ASX:AI1) says it’s gone in for a binding collaboration agreement with 2D Generaton Ltd – which is a global semiconductor IP business incorporated in Israel.
AI1 reports the the partnership aims to “generate transformational opportunities in the AI space”.
“Leveraging Adisyn’s expertise in data centre management, managed IT services, and cybersecurity, alongside 2D Generation’s industry-leading
capabilities in developing next-generation AI semiconductor solutions.
Here’s one of the newly formed collaboration’s “innovation partners” – NVIDIA. Yep.
Also…
Lithium hunter Dynamic Metals (ASX:DYM) farm-out JV of Widgiemooltha with Mineral Resources (ASX:MIN) has started to bear fruit after pre-conditions were satisfied and the latter coughed up a $4m payment.
The deal, etched in March, gives MIN a 40% share in the lithium rights of the project (after a further $1m payment next year), which will bump up to 65% as long as it spends $15m on exploration within the next four years. While DYM has been searching the tenements for nickel prospectivity of late, MinRes is expected to start hitting the ground shortly to further prove up identified lithium targets.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Code Company Price % Volume Market Cap 88E 88 Energy Ltd 0.002 -33% 2,138,627 $86,678,016 AMD Arrow Minerals 0.002 -33% 1,020,027 $31,618,095 TD1 Tali Digital Limited 0.001 -33% 13,767 $4,942,733 WML Woomera Mining Ltd 0.002 -33% 37,650 $3,654,417 HT8 Harris Technology Gl 0.011 -21% 214,659 $4,187,897 XPN Xpon Technologies 0.012 -20% 315,000 $5,436,622 NES Nelson Resources. 0.002 -20% 332 $1,533,986 POS Poseidon Nick Ltd 0.004 -20% 1,117,608 $18,567,674 ABB Aussie Broadband 2.955 -17% 2,486,740 $1,054,999,478 CCZ Castillo Copper Ltd 0.005 -17% 146,592 $7,797,032
The post Top 10 at… 11.45: A niobium player and a techie collab are big winners on the ASX this morning appeared first on Stockhead.
