Top 10 at 10: Fatty coal and a healthy software deal

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 EDE Eden Inv Ltd 0.0025 25% 1,541,461 $7,334,027 AKM Aspire Mining Ltd 0.18 24% 413,164 $73,607,363 SHG Singular Health 0.048 23% 480,050 $5,511,100 TAS Tasman Resources Ltd 0.006 20% 10,028 $3,563,346 TMR Tempus Resources Ltd 0.006 20% 600,000 $1,999,884 EEL Enrg Elements Ltd 0.007 17% 388,747 $6,059,790 NET Netlinkz Limited 0.007 17% 948,710 $23,032,885 RMX Red Mount Min Ltd 0.0035 17% 886,583 $8,020,728 VAL Valor Resources Ltd 0.0035 17% 757,488 $12,520,004 MXR Maximus Resources 0.043 16% 2,867,887 $11,862,413

WordPress Table Plugin

Coal from Aspire Mining’s (ASX:AKM) Ovoot project in Mongolia has been designated super high quality, or “fat”, making it ideal for coke making.

Coke is used in the smelting of iron ore.

“We are very excited by this confirmation which places our coal into the ‘fat coal’ market, which will attract a hard coking coal premium,” AKM Sam Bowles says.

“In recognition of the distinctly unique qualities of this coal, the company will be branding the coal produced from the OCCP as Toson Coal.

“In Mongolian, ‘Toson’ is an adjective meaning ‘fat’ or ‘fatty’.”

Singular Health (ASX:SHG) has received its first a binding enterprise license order for 5,000 annual licenses of the 3Dicom Patient software in the US.

Details of the enterprise sale are “commercial-in-confidence”, but SHG says revenue generated from this order “exceeds the total direct-to-consumer sales of the 3Dicom software in 2023 of ~A$50,000 by more than 40%”.

So… $70,000?

LOSERS

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

Code Company Price % Volume Market Cap CAQ CAQ Holdings Ltd 0.007 -30% 5,000 $7,177,863 HXG Hexagon Energy 0.01 -17% 10,000 $6,154,991 NWM Norwest Minerals 0.027 -16% 1,065,112 $9,202,224 CPO Culpeominerals 0.11 -15% 2,577,143 $15,153,107 RML Resolution Minerals 0.003 -14% 45,000 $4,409,989 STM Sunstone Metals Ltd 0.012 -14% 1,112,368 $48,828,288 MCM Mc Mining Ltd 0.13 -13% 488 $61,183,612 SRZ Stellar Resources 0.007 -13% 7,291,628 $9,192,212 RR1 Reach Resources Ltd 0.004 -11% 113,000 $14,446,337 IPB IPB Petroleum Ltd 0.009 -10% 970,000 $5,651,224

WordPress Table Plugin

Norwest (ASX:NWM) hit narrow oxide copper in drilling at the Bali project, including a highlight 3m @ 6.2% Cu from 13m.

The post Top 10 at 10: Fatty coal and a healthy software deal appeared first on Stockhead.