Top 10 at 11ish: Chimeric Therapeutics soars 58pc on US FDA clearance

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.

WINNERS

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

Code Company Price % Volume Market Cap CHM Chimeric Therapeutic 0.041 58% 12,929,127 $13,889,277 NNG Nexion Group 0.019 46% 568,874 $2,630,002 FZR Fitzroy River Corp 0.15 36% 15,000 $11,874,968 ENT Enterprise Metals 0.004 33% 1,277,948 $2,398,413 TOY Toys R Us 0.014 27% 3,690,875 $10,807,099 KPO Kalina Power Limited 0.005 25% 101,029 $6,060,783 EDE Eden Inv Ltd 0.003 20% 101,374 $8,409,092 GHY Gold Hydrogen 0.31 19% 182,626 $14,799,986 KRR King River Resources 0.02 18% 2,654,644 $26,409,924 PGM Platina Resources 0.027 17% 27,880 $14,333,148

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Chimeric Therapeutics (ASX:CHM) is up 58% in opening trade after the US Food and Drug Administration (FDA) has cleared the Investigational New Drug (IND) application of CHM 2101, the company’s first in class CDH17 CAR T cell therapy for gastrointestinal cancers.

CHM plans to investigate CHM 2101 in a multi-centre, open label Phase 1A/B clinical trial for patients with advanced colorectal cancer, gastric cancer and neuroendocrine tumours.

Gold Hydrogen (ASX:GHY) is up after announcing significant concentrations of hydrogen and helium have found at the Ramsay 1 well, confirming historic measurement and demonstrating an active hydrogen system in the Ramsay Project area, on South Australia’s Yorke Pennisula.

Testing and laboratory results measured air-corrected hydrogen at 73.3% at 240m below ground level, consistent with the 76% air-corrected concentration of hydrogen reported in the Ramsay Oil Bore 1 in 1931.

LOSERS

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

Code Company Price % Volume Market Cap MTH Mithril Resources 0.001 -33% 33,334 $5,053,207 RAD Radiopharm 0.08 -20% 590,095 $23,931,304 SFG Seafarms Group 0.004 -20% 9,388 $24,182,996 MDI Middle Island Resources 0.019 -17% 786,972 $3,235,139 CRB Carbine Resources 0.005 -17% 988,294 $3,310,427 ASH Ashley Services Grp 0.44 -15% 138,459 $74,147,591 BSE Base Res Limited 0.12 -14% 1,713,970 $164,921,659 IEC Intra Energy Corp 0.0035 -13% 7,094 $6,643,126 MKG Mako Gold 0.014 -13% 700,416 $9,216,131 XPN Xpon Technologies 0.035 -13% 500 $6,341,101

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Gold explorer Middle Island Resources (ASX:MDI) has fallen this morning after announcing a capital raise. MDI says it seeks to raise a minimum of $1 million and up to $1, 054,937, before costs via a pro rata renounceable rights offer.

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