Top 10 at 10: Data stock on the rise as Domino’s gets burnt, cattle inseminator shoots blanks

Estimated read time 3 min read

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 DXN DXN Limited 0.002 100% 501,473 $2,153,340 BME Blackmountainenergy 0.013 44% 2,896,307 $3,449,018 AI1 Adisyn Ltd 0.021 24% 14,362 $2,744,643 M4M Macro Metals Limited 0.003 20% 3,650,000 $6,167,694 PVW PVW Res Ltd 0.059 18% 6,399 $5,070,239 KSN Kingston Resources 0.084 17% 868,771 $35,853,252 LPD Lepidico Ltd 0.007 17% 470,000 $45,829,848 VAL Valor Resources Ltd 0.0035 17% 1,002,345 $12,520,004 WML Woomera Mining Ltd 0.007 17% 4,681,428 $7,308,834

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Data centre stock DXN (ASX:DXN) and potentially soon-to-be delisted gas explorer Black Mountain Energy (ASX:BME) both rose on quarterly reports.

 

LOSERS

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

Code Company Price % Volume Market Cap DCX Discovex Res Ltd 0.001 -33% 200,000 $4,953,852 FAU First Au Ltd 0.002 -33% 200,000 $4,985,980 MRD Mount Ridley Mines 0.001 -33% 500,000 $11,677,324 DMP Domino Pizza Enterpr 41.28 -28% 425,961 $5,146,337,960 SUM Summitminerals 0.068 -26% 781,720 $4,384,456 MHC Manhattan Corp Ltd 0.003 -25% 211,249 $11,747,919 MEM Memphasys Ltd 0.011 -21% 1,793,332 $18,814,022 KNM Kneomedia Limited 0.002 -20% 1,319 $3,833,178 SFG Seafarms Group Ltd 0.004 -20% 341,083 $24,182,996

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Yesterday Pizza maker Domino’s (ASX:DMP) said net profit before tax (NPBT) will be $87-90m for the December half; well below H1 23 ($104.8m), but higher than the preceding Half (H2 23, $74.4m).

Summit Minerals (ASX:SUM) says it continues to review and assess its portfolio of projects, which include lithium in Canada and uranium in WA, a jurisdiction which has banned new uranium mining developments.

Recent lithium focused sampling at the Castor project in Canada returned nothing exciting, but SUM says there are hints of copper and gold worth following up.

Artificial inseminator Memphasys (ASX:MEM) says its ambient temperature AI-Port system is still only 60% as effective as conventional cryostorage procedures.

“The results of the spring field trial highlight that we are heading in the right direction in terms of developing a successful product that increases cattle pregnancy rates via AI over traditional methods,” MEM boss David Ali says.

“While the results are a significant improvement on the initial field trial conducted in April 2023, there is still more work to be done to make it comparable to traditional AI practices in cattle.”

The post Top 10 at 10: Data stock on the rise as Domino’s gets burnt, cattle inseminator shoots blanks appeared first on Stockhead.

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