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 sluggish start this morning, with the benchmark dipping slightly before recovering to be close to flat in the opening minutes, however Tech stocks have slumped after a shocker for teh techies on Wall Street overnight saw the Nasdaq lose 2.77%.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Security Description Last % Volume MktCap 88E 88 Energy Ltd 0.003 25.0 429,429 $57,785,344 DSK Dusk Group 0.700 18.6 153,339 $36,738,040 CMD Cassius Mining Ltd 0.007 16.7 200,281 $3,252,027 ENL Enlitic Inc. 0.150 15.4 3,000 $10,232,902 1CG One Click Group Ltd 0.017 13.3 607,701 $10,547,682 AVA AVA Risk Group Ltd 0.125 11.1 150,000 $32,571,081 AZL Arizona Lithium Ltd 0.021 10.5 1,524,492 $85,002,476 BMR Ballymore Resources 0.165 10.0 77,317 $26,509,588 DTZ Dotz Nano Ltd 0.125 8.7 15,378 $60,232,642 CLA Celsius Resource Ltd 0.014 7.7 3,639,230 $31,562,866
Dusk Group (ASX:DSK) was running hot this morning after releasing guidance and a trading update in relation to its expected FY24 results, which tbe company says – based on unaudited figures – should land at approximately $126.3 million (8.2% below FY23), with underlying EBIT1 expected to finalise in the range of $6.2-$6.4 million (FY23: $16.5 million). However the company says that it’s had a strong start to FY25, with total sales from the first two weeks up 28% on pcp.
One Click Group (ASX:1CG) was up Thursday morning on news that the company has reached major milestone, and now boasts 150,000 users, with that figure representing a significant 57% on the same time last year. Notably, the company says it has seen a major uptick in users through the start of this years tax season, with around 1,000 users per day signing up for its One Click Life fintech platform.
Arizona Lithium (ASX:AZL) has announced that it has been conditionally approved for an investment incentive of up to $21.6m under the Saskatchewan government’s Oil & Gas Processing Investment Incentive Program. The funds are provided as transferable royalty credits, and can be claimed at a rate of 20% in the first calendar year of operations, 30% in the second calendar year, and 50% in the third calendar year against government royalties.
LAGGARDS
Stocks highlighted in red have made market-moving announcements (click headings to sort).
Code Company Price % Volume Market Cap APC Aust Potash Ltd 0.001 -33.3 42,037 $6,030,284 ATH Alterity Therap Ltd 0.005 -28.6 76,509,790 $36,715,807 AMD Arrow Minerals 0.003 -25.0 14,925,907 $42,157,460 DOU Douugh Limited 0.003 -25.0 26,975 $4,328,276 CTO Citigold Corp Ltd 0.004 -20.0 1 $15,000,000 BPP Babylon Pump & Power 0.005 -16.7 1 $14,997,294 ECT Env Clean Tech Ltd. 0.003 -14.3 125,000 $11,101,336 FIN FIN Resources Ltd 0.006 -14.3 1 $4,544,881 VML Vital Metals Limited 0.003 -14.3 219,680 $20,632,734 PWN Parkway Corp Ltd 0.007 -12.5 1 $22,136,911
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