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).
Security Description Last % Volume MktCap AOA Ausmon Resorces 0.003 50% 400,283 $2,117,999 RR1 Reach Resources Ltd 0.004 33% 625,000 $9,835,977 AL8 Alderan Resource Ltd 0.005 25% 240,000 $4,427,445 GCM Green Critical Min 0.005 25% 121,609 $4,546,340 KOR Korab Resources 0.01 25% 173,000 $2,936,400 FLX Felix Group 0.18 24% 35,000 $29,652,458 SNS Sensen Networks Ltd 0.029 21% 20,000 $18,563,412 MAG Magmatic Resrce Ltd 0.078 18% 262,680 $25,188,171 SCL Schrole Group Ltd 0.195 18% 122,345 $5,932,583 MEL Metgasco Ltd 0.007 17% 260,000 $6,383,320
Pentanet’s (ASX:5GG) run continues after the cloud gaming stock upgraded its Gen 3 cloud infrastructure with NVIDIA L40 GPUs, to bring Pentanet into the NVIDIA Graphics Delivery Network (GDN).
GDN, available in over 130 countries, “taps NVIDIA’s global cloud-to-edge streaming infrastructure to deliver smooth, high-fidelity, interactive experiences”, it says.
In 2023, NVIDA became the 7th public US company to be valued over one trillion dollars. It is currently the third most valuable company on the globe after Microsoft and Apple, with a market cap of US$2.21trn.
IP geophysics — which identifies the electrical chargeability of subsurface materials, such as ore — has uncovered “wide manganese bands” up to 250m deep and 140m wide at Mako Gold’s (ASX:MKG) Korhogo project in Côte d’Ivoire.
“It is … very encouraging that the IP anomalies are strong to depths of 250m and that 4 of the 5 IP anomalies are over 100m in width,” says MD Pete Ledwidge.
“This increases our confidence that we have discovered what could potentially be a world class manganese deposit that extends for 8km along strike and could extend to at least 250m in depth.”
And training software firm Schrole (ASX:SCL) says Human Resources (HR) software sales in January and February surged 190% and 1392%, respectively, on the same period last year.
Total software sales year to date are up 144% on the same time last year.
LOSERS
Stocks highlighted in yellow made market-moving announcements (click headings to sort).
Code Company Last % Volume Market Cap SIH Sihayo Gold Limited 0.001 -33% 55,000 $18,306,384 KPO Kalina Power Limited 0.004 -20% 8,946,469 $11,050,640 ROG Red Sky Energy. 0.004 -20% 7,142 $27,111,136 OLH Oldfields Holdings 0.09 -18% 18,712 $21,973,154 ABE Ausbondexchange 0.022 -15% 56,724 $2,929,371 RNX Renegade Exploration 0.006 -14% 45,355 $7,025,688 T3D 333D Limited 0.006 -14% 13,872 $836,115 PBL Parabellumresources 0.054 -13% 25,000 $3,862,600 POS Poseidon Nick Ltd 0.007 -13% 19,342,579 $29,708,278 BEO Beonic Ltd 0.022 -12% 10,000 $10,612,374
Poseidon Nickel’s (ASX:POS) decision to sell its Lake Johnson nickel project for $15m in staged payments, announced yesterday, was unpopular with the market.
As is today’s announcement, which will see “strong operator” Craig Johnson depart as CEO as POS makes the “shift back to exploration and the continued focus on cost reduction”.
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