Top 10 at 11: Major gains for sustainable ag after Roots flies a shipment out of Israel

Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, 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.

Provided I don’t sleep through my morning alarms, that is.

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.

WINNERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).

Code Company Price % Volume Market Cap ROO Roots Sustainable 0.008 100% 13,067,585 $642,410 PR1 Pure Resources 0.295 74% 5,496,966 $4,360,502 AMD Arrow Minerals 0.0015 50% 8,708,968 $3,023,765 AMM Armada Metals 0.034 21% 65,540 $4,831,906 FGH Foresta Group 0.012 20% 284,666 $22,395,028 TAS Tasman Resources Ltd 0.006 20% 7,154 $3,563,346 WNR Wingara Ag Ltd 0.024 20% 125,000 $3,510,850 CVV Caravel Minerals Ltd 0.215 19% 730,802 $94,370,364 CC9 Chariot Corporation 0.5 19% 347,736 $30,799,259 CUF Cufe Ltd 0.013 18% 517,500 $12,607,236

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Roots Sustainable Agricultural Technologies (ASX:ROO) – Up handsomely early today on news of the successful completion of an equipment delivery via air shipping from Israel to the United Arab Emirates.

CuFe (ASX:CUF) – Up on news that it has signed a Port Licence Agreement with Fenix Resources (ASX:FEX) , making CuFe the foundation third party customer for Fenix’s port logistics business at Geraldton. Fenix is down 1.9% this morning.

Pure Resources (ASX:PR1) – Off to a blistering start this morning on news that the company is reporting “significant results from LIBS analysis up to 11.69% Lithium” from mica at its Järkvissle project in Sweden.

Arizona Lithium (ASX:AZL) – Up on news of receiving well licence approval for the initial lithium well at its Prarie project in the US.

Chariot Corporation (ASX:CC9) – Up on no fresh news, other than drills arriving at its Black Mountain project a few weeks back, so there could be some news out of Chariot in the coming days.

LOSERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).

Code Company Price % Volume Market Cap ME1 Melodiol Global Health 0.002 -33% 16,365,970 $12,477,690 CHK Cohiba Min Ltd 0.002 -20% 3,000,000 $5,533,110 RNE Renu Energy Ltd 0.018 -18% 2,550,463 $9,844,760 LRL Labyrinth Resources 0.005 -17% 393,120 $7,125,262 CGR CGN Resources 0.17 -15% 599,526 $18,155,638 ADR Adherium Ltd 0.003 -14% 375,000 $17,505,578 IBG Ironbark Zinc Ltd 0.006 -14% 50,000 $10,267,490 SGF SG Fleet Group Ltd 2.22 -14% 31,422,103 $878,901,244 AZI Altamin Limited 0.045 -13% 20,532 $20,369,271 AVH Avita Medical 3.35 -13% 320,359 $230,364,499

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Avita Medical (ASX:AVH) – Down sharply after releasing updated 2023 guidance this morning, revising expectations down from $51-$53 million to a less happy $49.5-$50.5 million, blaming a slower-than-normal progress through a major customer’s Value Analysis Committee for the shortfall.

ReNu Energy (ASX:RNE) – The company delivered an investor presentation this morning, and fell nearly 9%.

CGN Resources (ASX:CGR) – Down on news that the company has completed its maiden drill hole at its Tantor project, intersecting multiple newly discovered ultramafic sills.

Adherium (ASX:ADR) – Down despite news that the first tranche of patients has been enrolled and remote patient monitoring underway as part of the commercial roll out of the company’s Hailie platform.

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