Top 10 at 11: Boardroom battles and spinning drills are driving the market this morning

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.

Which I promise I’ll get to in a minute, but before I can write anything, I need to pop outside and let the guys from my local council know that if they don’t take their leaf blowers and whipper-snippers somewhere far, far away, then one of them is going home with a leaf-blower lodged somewhere very private, and very painful.

Wretched bloody things they are… and the leaf-blowers are horrible as well.

Anyway – 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 BP8 Bph Global Ltd 0.002 33% 1,500,000 $2,423,345 ASP Aspermont Limited 0.01 25% 46,236 $19,510,110 LSR Lodestar Minerals 0.005 25% 1,000 $8,093,589 NC6 Nanollose Limited 0.03 20% 19,000 $3,722,159 ESR Estrella Res Ltd 0.006 20% 50,000 $8,795,359 ETR Entyr Limited 0.007 17% 288,891 $11,898,623 WSR Westar Resources 0.022 16% 205,964 $3,521,793 TOY Toys R Us 0.015 15% 122,789 $12,772,026 FME Future Metals NL 0.046 15% 1,209,216 $16,528,161 NTM Nt Minerals Limited 0.008 14% 35,522 $6,019,320

WordPress Tables Plugin

BPH Energy (ASX:BPH) – Up this morning in the wake of the company’s AGM, during which Huang Qing Gu lost his seat on the board, clearing the way for Mathew Leonard to be appointed as Managing Director.

Aspermont (ASX:ASP) – Mining and resources media services provider Aspermont is up on news that control of Blue Horseshoe Ventures, in which Aspermont was a founding shareholder, has been returned to the Board after Blue Horseshoe entered Voluntary Administration on 16 August this year.

Westar Resources (ASX:WSR) – Up on news that the company has the drills spinning today at its Olga Rocks gold-lithium project in WA.

4D Medical (ASX:4DX) – Up on news that it has signed a rump of new SaaS contracts that will see it expand its services into the Detroit and Memphis communities in the United States.

LOSERS

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

Code Company Price % Volume Market Cap AMD Arrow Minerals 0.001 -33% 400,000 $4,535,648 HLS Healius 1.2 -29% 2,092,442 $967,993,686 KNM Kneomedia Limited 0.003 -25% 450,000 $6,019,141 REM Remsensetechnologies 0.03 -25% 271,650 $4,227,334 IEC Intra Energy Corp 0.004 -20% 1,816,000 $8,303,908 ME1 Melodiol Glb Health 0.0025 -17% 10,019,363 $12,575,830 ATH Alterity Therap Ltd 0.006 -14% 12,737,474 $17,079,283 ICN Icon Energy Limited 0.006 -14% 20,000 $5,376,096 OAU Ora Gold Limited 0.006 -14% 450,000 $39,355,173 VRC Volt Resources Ltd 0.006 -14% 2,495,575 $28,507,967

WordPress Tables Plugin

Healius (ASX:HLS) – It’s… messy. Healius has a buyout offer on the table from Australian Clinical Labs, has entered into an agreement with its debtors to waive Healius’ gearing covenant for 1HY24 and temporarily increase Healius’ gearing covenant in respect of 30 June 2024 from 3.5x to 4.0x – and announced the successful completion of an accelerated 1 for 3.65 pro-rata entitlement offer that has brought in $154 million at $1.20 per share.

RemSense Technologies (ASX:REM) e – Showing a drop this morning after the company launched a 1:1 entitlement offer at $0.02 per share.

Alterity Therapeutics (ASX:ATH) – Dipping after revealing firm commitments to raise $4.8 million through a a two tranche placement of ordinary shares.

The post Top 10 at 11: Boardroom battles and spinning drills are driving the market this morning appeared first on Stockhead.