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 made market-moving announcements (click headings to sort).
Code Company Price % Volume Market Cap 5GG Pentanet 0.1 100% 12,483,580 $18,686,361 MCT Metalicity Limited 0.003 50% 110,000 $8,970,108 RR1 Reach Resources Ltd 0.004 33% 135,011 $9,835,977 ASP Aspermont Limited 0.012 33% 1,970,000 $22,100,712 KAL Kalgoorliegoldmining 0.026 30% 2,850,694 $3,170,014 ASR Asra Minerals Ltd 0.005 25% 305,201 $6,655,983 CTO Citigold Corp Ltd 0.005 25% 1,250,000 $12,000,000 IVX Invion Ltd 0.006 20% 30,000 $32,122,661 MHC Manhattan Corp Ltd 0.003 20% 820,000 $7,342,449
Cloud gaming stock Pentanet (ASX:5GG) will extend the GeForce NOWTM Alliance Partner Agreement with NVIDIA to include New Zealand, with more to come.
5GG’s gaming segment maintained positive EBITDA and achieved an encouraging 52% QoQ paid membership growth in Q2FY24, up from 26% in the prior quarter.
Kalgoorlie Gold Mining (ASX:KAL) drilled into thick, shallow gold at the Kirgella Gift prospect, which shows early similarities to miner Ramelius Resources’ (ASX:RMS) nearby Rebecca project.
Highlights include 33m at 3.10g/t from 51m depth.
LOSERS
Stocks highlighted in yellow made market-moving announcements (click headings to sort).
Code Company Price % Volume Market Cap TKL Traka Resources 0.001 -50% 200,000 $3,501,317 MRD Mount Ridley Mines 0.001 -33% 348,554 $11,677,324 MOM Moab Minerals Ltd 0.005 -29% 61,875 $4,983,744 1MC Morella Corporation 0.003 -25% 25,020 $24,715,198 OPL Opyl Limited 0.022 -21% 3,898 $4,735,610 AVE Avecho Biotech Ltd 0.004 -20% 3,396,218 $15,846,485 ME1 Melodiol Glb Health 0.004 -20% 282,267 $1,964,980 SYR Syrah Resources 0.565 -18% 2,835,296 $466,041,723 ADD Adavale Resource Ltd 0.005 -17% 2,484,760 $6,067,033
Battling graphite miner Syrah Resources (ASX:SYR) will raise ~$98m via placement and entitlement offer at 55c per share, a discount of 21.4% to SYR’s closing price of 70c per share on the ASX on 12 March.
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