Top 10 at 11: This morning’s movers show the importance of keeping an eye on your nickels and dimes

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.

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.

 

WINNERS

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

Code Company Price % Volume Market Cap CLE Cyclone Metals 0% 100% $8,250,500 $10,264,505 DCX Discovex Res Ltd 0% 100% $289,946 $3,302,568 CMP Compumedics Limited 31% 94% $932,015 $28,346,072 MTL Mantle Minerals Ltd 0% 33% $650,000 $18,442,338 YPB YPB Group Ltd 0% 33% $484,000 $1,185,692 WMG Western Mines 37% 32% $464,599 $18,705,833 BML Boab Metals Ltd 19% 28% $1,613,956 $25,297,102 BUY Bounty Oil & Gas NL 1% 27% $10,396,568 $15,075,511 EDE Eden Inv Ltd 0% 25% $545,997 $7,313,940 KP2 Kore Potash PLC 1% 25% $149,000 $5,352,460

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DiscovEX Resources (ASX:DCX) is up this morning – the list mentions an announcement today but the only thing I can spot this morning is a notification of the expiry of a stack of unlisted options late last week.

Compumedics (ASX:CMP) is charging hard this morning on news that its Somfit medical device has been cleared for sale in the US by the FDA. Compumedics reckons the market in the US is worth about US$110-180 million, and that the company izs targeting a relatively modest 10%-30% of that market over the next 12 months.

Western Mines Group (ASX:WMG) has jumped this morning on assay results from its Mulga Tank project, showing broad zones of nickel sulphide mineralisation with elevated Ni and S coincident with highly anomalous Cu and PGE.

 

LOSERS

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

Code Company Price % Volume Market Cap GTG Genetic Technologies 0% -33% 8,490,789 $34,624,974 ME1 Melodiol Glb Health 0% -25% 3,548,049 $9,225,840 TZN Terramin Australia 4% -24% 25 $114,294,387 CPN Caspin Resources 13% -19% 15,059 $14,611,178 ERG Eneco Refresh Ltd 1% -19% 150,000 $4,357,734 FIN FIN Resources Ltd 2% -17% 5,796,968 $17,205,621 BFC Beston Global Ltd 1% -14% 154,698 $13,979,328 KNM Kneomedia Limited 0% -14% 141,745 $5,366,450 LML Lincoln Minerals 1% -14% 917,073 $11,856,917 PUA Peak Minerals Ltd 0% -14% 66,360 $3,644,818

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Eneco Refresh (ASX:ERG) is losing ground this morning after former managing director and chairman Henry Heng pleaded guilty to charges related to taking part in transactions that had or were likely to have the effect of creating or maintaining an artificial price for trading securities of the company.

Fin Resources (ASX:FIN) has dropped this morning on news that pegmatite outcrops at its White Bear discovery have tested positive for lithium, with the company now claiming a mineralised zone with 300m strike and about 100m wide at its widest point.

Lincoln Minerals (ASX:LML) is a bit lower this morning, despite news that its Kookaburra Gully Graphite Project has been included in Austrade’s Australian Critical Minerals Prospectus for 2023.

 

The post Top 10 at 11: This morning’s movers show the importance of keeping an eye on your nickels and dimes appeared first on Stockhead.

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