Top 10 at 10: $30m stock says offtake deal could net it $18m a year

Stockhead’s Top 10 at 10, published at ~10.40am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data.

It’s 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.

WINNERS

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

Code Company Price % Volume Market Cap EMU EMU NL 0.0015 50% 232,237 $2,024,771 MTL Mantle Minerals Ltd 0.003 50% 2,095,575 $12,394,892 ETR Entyr Limited 0.019 27% 10,554,604 $29,746,558 EYE Nova EYE Medical Ltd 0.24 26% 911,922 $36,219,490 ECT Env Clean Tech Ltd. 0.006 20% 1,000,000 $14,321,552 SQX SQX Resources Ltd 0.13 18% 4,230 $2,750,000 ATH Alterity Therap Ltd 0.007 17% 420,097 $16,814,162 VML Vital Metals Limited 0.007 17% 2,614,099 $35,370,402 ASR Asra Minerals Ltd 0.008 14% 305,000 $11,402,970 EXT Excite Technology 0.008 14% 312,457 $9,304,692

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Tyre recycling co Entyr (ASX:ETR) says it could earn ~$18m a year via its offtake deal with Trafigura, announced earlier this month.

Based on early market feedback, it anticipates “acceptable” market prices of ~$200/t for recovered carbon black and $750/t for oil.

The above example is “illustrative only”, ETR says. Still, the $30m capped stock is now up 90% over the past few weeks.

Some great late 2023 news for Nova Eye Medical (ASX:EYE), which says its portfolio of canaloplasty devices will continue to be medically reimbursed after USA Medicare changes were withdrawn.

The changes, due to come into effect January 2024, proposed to restrict or deny coverage for several procedures, including canaloplasty.

LOSERS

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

Code Company Price % Volume Market Cap BP8 Bph Global Ltd 0.001 -33% 84 $2,753,345 FAU First Au Ltd 0.003 -25% 25,122 $6,647,973 KNM Kneomedia Limited 0.002 -20% 100 $3,833,178 AMD Arrow Minerals 0.005 -17% 5,017,411 $20,842,591 IBG Ironbark Zinc Ltd 0.006 -14% 28,382 $11,157,108 IS3 I Synergy Group Ltd 0.006 -14% 150,000 $2,128,563 NNL Nordicnickellimited 0.125 -14% 71,299 $10,483,125 MHC Manhattan Corp Ltd 0.0035 -13% 24,360 $11,747,919 SRZ Stellar Resources 0.007 -13% 49,400 $9,192,212 SPN Sparc Tech Ltd 0.25 -9% 84,911 $23,552,560

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