Top 10 at 10: Troubled lithium miners Core, Sayona shows signs of life

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 NPR Newmark Property 1.325 37% 119,508 $176,198,848 EDE Eden Inv Ltd 0.002 33% 188,907 $5,517,407 KPO Kalina Power Limited 0.005 25% 123,000 $8,840,512 NAE New Age Exploration 0.005 25% 1,000,000 $7,175,596 HTG Harvest Tech Grp Ltd 0.016 23% 312,500 $9,177,523 MSG Mcs Services Limited 0.018 20% 330,000 $2,971,495 HT8 Harris Technology Gl 0.012 20% 383,636 $2,991,355 TMR Tempus Resources Ltd 0.006 20% 1,797,688 $3,451,450 CDT Castle Minerals 0.007 17% 35,625 $7,346,958 NET Netlinkz Limited 0.007 17% 642,857 $23,118,599

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Defence (not agri) firm Harvest Technology Group (ASX:HTG) received more orders for its Nodestream technology from a ‘Five-Eyes’ defence customer worth $380,000 up-front.

Online retailer Harris Technology Group (ASX:HT8) generated a net operating cash inflow of $235,000 in the December quarter, delivering consecutive quarters of positive operating cash flow.

And troubled lithium producers Sayona Mining (ASX:SYA) and Core Lithium (ASX:CXO) have bounced in early trade on no news. Dominant low cost spod miner Pilbara Minerals (ASX:PLS) is also on high single digit gains.

Is the market bottom upon us?

Market sentiment through futures #lithium carbonate prices in #China is generating upward price pressure on the Chinese spot market which, in turn, is contributing to the revival of Big 4 #lithium companies’ stock prices. Futures Li prices influence stock prices via spot prices. pic.twitter.com/40FhWIadI3

— Juan Carlos Zuleta (@jczuleta) January 23, 2024

LOSERS

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

Code Company Price % Volume Market Cap NAN Nanosonics Limited 2.79 -36% 1,257,822 $1,323,364,334 DXN DXN Limited 0.001 -33% 1,000,000 $3,230,010 JAV Javelin Minerals Ltd 0.001 -33% 600,000 $2,450,593 ME1 Melodiol Glb Health 0.0015 -25% 13,885,333 $9,833,237 MRD Mount Ridley Mines 0.0015 -25% 200,400 $15,569,766 CCO The Calmer Co Int 0.006 -14% 142,857 $6,002,466 LPD Lepidico Ltd 0.006 -14% 2,200,194 $53,468,156 DOU Douugh Limited 0.004 -11% 243,350 $4,869,310 MEL Metgasco Ltd 0.008 -11% 25,050 $9,574,981 AMA AMA Group Limited 0.066 -11% 2,851,942 $133,673,863

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Infection prevention stock Nanosonics (ASX:NAN) says “hospital capital budgetary pressures” impacted revenues in H1 2024.

Total revenue for the December half is expected to be ~$79.6 million, representing a decrease of 2.4% compared with prior corresponding period (PCP).

Profit after tax will be $4.9m, down from $11.4m in the PCP.

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