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

Estimated read time 3 min read

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.

 

 

 

The post Top 10 at 11: Major gains for sustainable ag after Roots flies a shipment out of Israel appeared first on Stockhead.

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