{"id":3107,"date":"2023-12-13T00:25:34","date_gmt":"2023-12-13T00:25:34","guid":{"rendered":"https:\/\/economicherald.net\/?p=3107"},"modified":"2023-12-13T00:25:34","modified_gmt":"2023-12-13T00:25:34","slug":"top-10-at-11-sigma-surges-on-chemist-warehouse-backdoor-move-and-aw1-strikes-indium","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=3107","title":{"rendered":"Top 10 at 11: Sigma surges on Chemist Warehouse backdoor move, and AW1 strikes indium"},"content":{"rendered":"

Good morning, and welcome to Stockhead\u2019s Top 10 at shortly-before-11-ish, which (I\u2019m calling it early) is almost definitely going to get published late this morning, because for the fourth #@!$ing time since the start of December, the NBN connection to my home has mysteriously fallen ill, and is stubbornly refusing to deliver the kind of hot, thick streams of information I need from the outside world in order to do my job.<\/p>\n

So I\u2019m sitting here with my laptop tethered to my phone, relying on the always-mercurial Vodafone 5G (wait! It\u2019s 4G\u2026 no, hang on\u2026 it\u2019s 5G again. Briefly. It\u2019s 4\u2026 no, 5\u2026 4\u2026 SOS) network to get this story out the door this morning.<\/p>\n

Like a freakin\u2019 caveman.<\/p>\n

Honestly, it\u2019s going to be easier if all of you just pop round to my place, and gather out the front \u2013 at 11:00am or thereabouts, I\u2019ll start screaming market information out the window\u2026 what you do with that information is your concern, not mine.<\/p>\n

Anyway \u2013\u00a0Top 10 is meant 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.<\/p>\n

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading \u2013\u00a0for better or worse \u2013\u00a0and then I do my best to make sense of who\u2019s moving where and why it might be happening.<\/p>\n

Me shouting out the window begins in 3\u2026 2\u2026 1\u2026<\/p>\n

\u00a0<\/p>\n

WINNERS<\/h2>\n

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).<\/p>\n

<\/div>\n
Code Company Price % Volume Market Cap SIG Sigma Health Ltd 1.1125 50% 10,175,764 $810,346,458 AOA Ausmon Resorces 0.004 33% 500,000 $3,020,998 ENT Enterprise Metals 0.004 33% 1,000,000 $2,398,413 MRD Mount Ridley Mines 0.002 33% 984,174 $11,677,324 KNB Koonenberrygold 0.044 29% 359,977 $4,071,469 CNJ Conico Ltd 0.006 20% 160,539 $7,850,475 IPB IPB Petroleum Ltd 0.012 20% 1,571,397 $5,651,224 SI6 SI6 Metals Limited 0.006 20% 1,714,950 $9,969,297 DOC Doctor Care Anywhere 0.07 19% 946,803 $21,631,893 SWP Swoop Holdings Ltd 0.26 18% 20,645 $45,805,966 <\/div>\n

WordPress Tables Plugin<\/a><\/p>\n

\u00a0<\/p>\n

American West Metals (ASX:AW1)<\/strong><\/a> is up on news the company has defined a \u201cworld -class indium resource\u201d at the West Desert Deposit in Utah, claiming a JORC-compliant 23.8Moz of indium, 119 Koz of gold, 1.3Mt zinc, 49Kt copper and 10Moz silver \u2013 and it\u2019s currently the only Indium resource recognised in the US, which considers Indium to be a critical mineral.<\/p>\n

It\u2019s not exactly a Small Cap anymore, but Sigma Healthcare (ASX:SIG)<\/strong><\/a> is way out in front this morning, ostensibly on news that the company has finalised an enormous $400 million institutional placement, ahead of the $8.8 billion merger with Chemist Warehouse that will allow the latter to backdoor list on the ASX.<\/p>\n

Koonenberry Gold (ASX:KNB)<\/strong><\/a> is up this morning, after dropping an announcement with two very exciting words in it: \u201cvisible gold\u201d, down dip from the company\u2019s previously reported intercept of 10m @ 1.61g\/t Au, which did not have any visible gold.<\/p>\n

Battery Age Minerals (ASX:BM8)<\/strong><\/a> is up this morning after assays confirmed the presence of significant lithium mineralisation from surface at the company\u2019s Falcon East Extension within the Falcon Lake Lithium Project in Ontario, Canada.<\/p>\n

Data and voice service provider Swoop Telecommunications (ASX:SWP)<\/strong><\/a> is up this morning despite no fresh news \u2013 I\u2019m guessing it\u2019s because I keep pissing and moaning about how utterly shite my NBN connection is, and the company is aware that I\u2019m on the brink of offering an enormous pile of money to anyone who can fix it so I don\u2019t have to go back into the office ever again.<\/p>\n

Doctor Care Anywhere Group PLC (ASX:DOC)<\/strong><\/a> is up again this morning, building on yesterday\u2019s gains while at the same time welcoming new company secretary Kevin Mercer, who replaces outgoing secretary Bianca Foster whose resignation was announced on 1 December 2023.<\/p>\n

\u00a0<\/p>\n

LOSERS<\/h2>\n

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).<\/p>\n

<\/div>\n
Code Company Price % Volume Market Cap TD1 Tali Digital Limited 0.001 -50% 110,222 $6,590,311 AVW Avira Resources Ltd 0.001 -33% 529,000 $3,200,685 VPR Volt Power Group 0.001 -33% 1,117 $16,074,312 RCR Rincon 0.027 -25% 2,726,447 $6,395,864 LTP Ltr Pharma Limited 0.265 -16% 1,555,447 $22,177,729 FHS Freehill Mining Ltd. 0.003 -14% 11 $9,974,421 HOR Horseshoe Metals Ltd 0.006 -14% 891,621 $4,504,351 MTB Mount Burgess Mining 0.003 -14% 16,591 $3,656,847 PBL Parabellumresources 0.071 -13% 136,022 $5,108,600 IVR Investigator Res Ltd 0.04 -13% 1,156,413 $66,109,821 <\/div>\n

WordPress Tables Plugin<\/a><\/p>\n

\u00a0<\/p>\n

5E Advanced Materials (ASX:5EA)<\/strong><\/a> is falling again this morning, despite announcing restructuring plans last week. About 15 minutes after the market opened this morning, the company announced it would be holding a shareholder call on Tuesday, December 19, 2023 at 5:00pm EST (9:00am Sydney time) to discuss what\u2019s happening.<\/p>\n

4D Medical (ASX:4DX)<\/strong><\/a> is down this morning, on yesterday\u2019s news that it has entered a binding agreement to acquire US company Imbio for an upfront purchase price of approximately US$25 million (approximately A$38.5 million), plus a contingent earn out of US$20 million, subject to the achievement of relevant performance milestones.<\/p>\n

Rincon Resources (ASX:RCR)<\/strong><\/a> has fallen despite informing the market that it\u2019s found two anomalous Rare Earth Element trends within and proximal to the Tin-Tungsten system at Pokali North.<\/p>\n

Sunstone Metals (ASX:STM)<\/strong><\/a> is showing a drop this morning, after revealing that it has received firm commitments for $5,024,000 via a share placement at $0.012 per share to fund targeted exploration at both Bramaderos and El Palmar projects to confirm the potential of our existing discoveries.<\/p>\n

<\/span><\/p>\n

The post Top 10 at 11: Sigma surges on Chemist Warehouse backdoor move, and AW1 strikes indium<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

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