Top 10 at 11: There’s movement on the market, but not much news to explain why

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.

There’s movement around the place, but nothing really earth shattering – and a lot of it’s happening in the absence of current news.

WINNERS

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

Code Company Price % Volume Market Cap ADS Adslot Ltd. 0.003 50% 189,995 $6,448,991 CT1 Constellation Tech 0.003 50% 50,000 $2,942,401 WC1 Westcobarmetals 0.075 39% 1,327,631 $6,257,538 ICR Intelicare Holdings 0.036 38% 461,577 $5,431,801 GGE Grand Gulf Energy 0.011 38% 12,695,185 $16,761,976 AVW Avira Resources Ltd 0.002 33% 200,000 $3,200,685 ILA Island Pharma 0.085 29% 63,061 $5,363,719 CXU Cauldron Energy Ltd 0.019 27% 5,618,930 $16,982,452 EDE Eden Inv Ltd 0.0025 25% 2,500,592 $7,334,027 IVX Invion Ltd 0.005 25% 1,880,700 $25,686,529

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InteliCare (ASX:ICR) is up this morning on news that it’s signed a contract with Hardi aged care, worth around $1.8 million in hardware setup plus approximately $500,000pa in SaaS fees for an initial 3 years.

Grand Gulf Energy (ASX:GGE) is rising this morning after the Jesse-1A well unexpectedly flowed significant helium to surface during initial re-entry operations, which is – apparently – a Good Thing.

LOSERS

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

3 Company Price % Volume Market Cap JAVDF Javelin Minerals Ltd 0.002 -33% 1 $2,836,246 AOA Ausmon Resorces 0.003 -25% 250,000 $4,027,997 RNO Rhinomed Ltd 0.031 -23% 346,923 $11,428,788 LBT LBT Innovations 0.011 -21% 130,000 $16,182,605 GTE Great Western Exp. 0.025 -19% 246,367 $7,833,642 BXN Bioxyne Ltd 0.01 -17% 2,000,000 $22,819,745 CNJ Conico Ltd 0.005 -17% 218,518 $9,420,570 CTO Citigold Corp Ltd 0.005 -17% 750,000 $17,241,955 M2M Mtmalcolmminesnl 0.027 -16% 152,308 $3,274,992 RVS Revasum 0.145 -15% 163,427 $20,165,313

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Rhinomed (ASX:RNO) is falling this morning after the company announced its desire to leave the ASX. THe company has plans for a non-underwritten Share Purchase Plan to help shaereholders who want to bail out before delisting, and to allow those who want to stay on as shareholders the chance to top up before it goes off-market in mid-February, 2024.

Javelin Minerals (ASX:JAV) is showing a loss, but I suspect that it’s possibly just a glitch in our reporting software – the company delivered a company re, ort this morning which didn’t contain any terrible news, and the volume of trading is negligible as well, so… chalk that one up to gremlins in the system, I reckon.

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