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 NPM Newpeak Metals 0.04 264% 7,403,018 $1,099,469 CLE Cyclone Metals 0.0015 50% 21,064,500 $10,471,172 RMX Red Mount Min Ltd 0.0015 50% 345,454 $2,673,576 SIX Sprintex Ltd 0.025 39% 4,247,999 $8,578,455 JAV Javelin Minerals Ltd 0.002 33% 250,000 $3,264,346 FHS Freehill Mining Ltd. 0.009 29% 4,000,000 $20,970,911 AMD Arrow Minerals 0.005 25% 4,068,565 $37,918,825 CTO Citigold Corp Ltd 0.005 25% 2,595,484 $12,000,000 BFC Beston Global Ltd 0.006 20% 1,453,588 $9,985,234 ESR Estrella Res Ltd 0.006 20% 1,030,000 $8,796,859
Defence manufacturer HighCom (ASX:HCL) receives a new order of ballistic products from a military customer worth A$4.7m.
Good news for HCL, which suffered a $13.4m loss in the December half “mainly due to the company not securing several large international orders in the Middle East”.
NewPeak Metals (ASX:NPM) finalises the sale of its share in a Finland gold project to a soon-to-be-listed Canadian company.
NPM receives CAD$500,000 cash, CAD$1m in shares of the listed company, and a milestone payment of CAD$1.5m in cash or shares on reporting of a 500,000oz gold resource.
Estrella Resources (ASX:ESR) uncovers a manganese host rock over 27km of strike at the Lautém project in Timor-Leste.
Meanwhile, larger gold stocks are surging alongside a new record high spot price, led by RED 5 (ASX:RED), Regis (ASX:RRL), Resolute (ASX:RSG), and Bellevue (ASX:BGL).
SPOT GOLD HITS RECORD HIGH OF $2,379.39 PER OUNCE
— First Squawk (@FirstSquawk) April 12, 2024
That’s a monstrous $3635/oz in Aussie dollar terms.
LOSERS
Stocks highlighted in yellow made market-moving announcements (click headings to sort).
Code Company Price % Volume Market Cap MHC Manhattan Corp Ltd 0.002 -33% 1,810,000 $8,810,939 AXP AXP Energy Ltd 0.0015 -25% 134,681 $11,649,361 ZMM Zimi Ltd 0.023 -21% 48,149 $3,572,454 AVH Avita Medical 3.31 -17% 714,061 $239,574,986 HLX Helix Resources 0.005 -17% 720,000 $13,938,875 VRC Volt Resources Ltd 0.005 -17% 343,750 $24,780,640 ASR Asra Minerals Ltd 0.006 -14% 4,361,505 $11,647,970 GTR Gti Energy Ltd 0.006 -14% 400,013 $14,349,630 SHO Sportshero Ltd 0.006 -14% 189,881 $4,324,830 TMG Trigg Minerals Ltd 0.006 -14% 1,258,901 $2,993,345
The post Top 10 at 10: Whopping weapons orders and another record high gold price appeared first on Stockhead.
