{"id":3812,"date":"2023-12-28T23:53:16","date_gmt":"2023-12-28T23:53:16","guid":{"rendered":"https:\/\/economicherald.net\/?p=3812"},"modified":"2023-12-28T23:53:16","modified_gmt":"2023-12-28T23:53:16","slug":"top-10-at-10-30m-stock-says-offtake-deal-could-net-it-18m-a-year","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=3812","title":{"rendered":"Top 10 at 10: $30m stock says offtake deal could net it $18m a year"},"content":{"rendered":"

Stockhead\u2019s 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.<\/p>\n

It\u2019s 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\u00a0ASX\u00a0stock has started trading.<\/p>\n

\u00a0<\/p>\n

WINNERS<\/strong><\/h2>\n

Stocks highlighted in yellow have made market-moving announcements\u00a0(click\u00a0headings to sort).<\/strong><\/em><\/p>\n

<\/div>\n
Code Company Price % Volume Market Cap EMU EMU NL 0.0015 50% 232,237 $2,024,771 MTL Mantle Minerals Ltd 0.003 50% 2,095,575 $12,394,892 ETR Entyr Limited 0.019 27% 10,554,604 $29,746,558 EYE Nova EYE Medical Ltd 0.24 26% 911,922 $36,219,490 ECT Env Clean Tech Ltd. 0.006 20% 1,000,000 $14,321,552 SQX SQX Resources Ltd 0.13 18% 4,230 $2,750,000 ATH Alterity Therap Ltd 0.007 17% 420,097 $16,814,162 VML Vital Metals Limited 0.007 17% 2,614,099 $35,370,402 ASR Asra Minerals Ltd 0.008 14% 305,000 $11,402,970 EXT Excite Technology 0.008 14% 312,457 $9,304,692 <\/div>\n

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

Tyre recycling co Entyr (ASX:ETR)<\/a> says it could earn ~$18m a year via its offtake deal with Trafigura, announced earlier this month.<\/p>\n

Based on early market feedback, it anticipates \u201cacceptable\u201d market prices of ~$200\/t for recovered carbon black and $750\/t for oil.<\/p>\n\n

The above example is \u201cillustrative only\u201d, ETR says. Still, the $30m capped stock is now up 90% over the past few weeks.<\/p>\n

Some great late 2023 news for Nova Eye Medical (ASX:EYE)<\/a>, which says its portfolio of canaloplasty devices will continue to be medically reimbursed after USA Medicare changes were withdrawn.<\/p>\n

The changes, due to come into effect January 2024, proposed to restrict or deny coverage for several procedures, including canaloplasty.<\/p>\n

\u00a0<\/p>\n

LOSERS<\/h2>\n

Stocks highlighted in yellow have made market-moving announcements\u00a0(click headings to sort).<\/em><\/strong><\/p>\n

Code Company Price % Volume Market Cap BP8 Bph Global Ltd 0.001 -33% 84 $2,753,345 FAU First Au Ltd 0.003 -25% 25,122 $6,647,973 KNM Kneomedia Limited 0.002 -20% 100 $3,833,178 AMD Arrow Minerals 0.005 -17% 5,017,411 $20,842,591 IBG Ironbark Zinc Ltd 0.006 -14% 28,382 $11,157,108 IS3 I Synergy Group Ltd 0.006 -14% 150,000 $2,128,563 NNL Nordicnickellimited 0.125 -14% 71,299 $10,483,125 MHC Manhattan Corp Ltd 0.0035 -13% 24,360 $11,747,919 SRZ Stellar Resources 0.007 -13% 49,400 $9,192,212 SPN Sparc Tech Ltd 0.25 -9% 84,911 $23,552,560 <\/div>\n

WordPress Table Plugin<\/a>
\n<\/span><\/p>\n

The post Top 10 at 10: $30m stock says offtake deal could net it $18m a year<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Stockhead\u2019s 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. 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