Top 10 at 10: A $5.5m windfall and some positive guidance (for once)

Estimated read time 2 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 made market-moving announcements (click headings to sort).

Code Description Last % Volume MktCap ION Iondrive Limited 0.009 29% 643,290 $3,403,997 DXN DXN Limited 0.041 28% 227,776 $5,916,459 GAS State GAS Limited 0.15 25% 478,652 $32,907,215 PUR Pursuit Minerals 0.005 25% 152,016 $11,775,886 OSX Osteopore Limited 0.095 23% 2,945,118 $8,389,522 AXN Alliance Nickel Ltd 0.076 21% 4,779,970 $45,727,896 CRS Caprice Resources 0.036 20% 3,069,199 $6,702,608 MCT Metalicity Limited 0.003 20% 1,000,000 $11,212,737 POS Poseidon Nick Ltd 0.006 20% 1,050,118 $18,567,674 MXO Motio Ltd 0.02 18% 916,510 $4,559,372

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Project developer State Gas (ASX:GAS) is awarded $5.5m from the Queensland Government’s Frontier Gas Exploration grants program.

The cash will be used to define gas resources and reserves at the Rolleston West coal seam gas (CSG) project.

Advertising firm Motio (ASX:MXO) says it remains on target for its financial year revenue goal of between $7.7m – $8.2m.

This week has also been the largest forward media booking week since MXO’s inception, “providing confidence as the company enters FY25”.

 

LOSERS

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

Security Description Last % Volume MktCap RMX Red Mount Min Ltd 0.001 -33% 619,000 $4,010,364 SI6 SI6 Metals Limited 0.002 -33% 419,000 $7,106,578 EDE Eden Inv Ltd 0.0015 -25% 1,050,000 $7,356,542 ERL Empire Resources 0.003 -25% 1,178,618 $5,935,653 NRZ Neurizer Ltd 0.002 -20% 19,686,527 $4,132,948 BKG Booktopia Group 0.052 -17% 2,420 $14,376,921 LRL Labyrinth Resources 0.005 -17% 174 $7,125,262 HLX Helix Resources 0.003 -14% 18,301 $8,131,010 KOR Korab Resources 0.006 -14% 11,785 $2,569,350 RDS Redstone Resources 0.003 -14% 22,727 $3,238,825

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