{"id":5039,"date":"2024-01-29T23:56:27","date_gmt":"2024-01-29T23:56:27","guid":{"rendered":"https:\/\/economicherald.net\/?p=5039"},"modified":"2024-01-29T23:56:27","modified_gmt":"2024-01-29T23:56:27","slug":"top-10-at-10-indo-nickel-giant-books-record-profits-as-aussie-firms-sht-the-bed","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=5039","title":{"rendered":"Top 10 at 10: Indo nickel giant books record profits as Aussie firms sh*t the bed"},"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<\/h2>\n

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

<\/div>\n
Security Description Last % Volume MktCap PRX Prodigy Gold NL 0.004 33% 602,668 $5,253,323 AXN Alliance Nickel Ltd 0.039 30% 224,255 $21,775,188 IEC Intra Energy Corp 0.0025 25% 1,000,000 $3,321,563 NAE New Age Exploration 0.005 25% 250,000 $7,175,596 AD1 AD1 Holdings Limited 0.006 20% 200,000 $4,493,242 IBG Ironbark Zinc Ltd 0.006 20% 100,000 $7,969,363 VML Vital Metals Limited 0.006 20% 100,000 $29,475,335 YOJ Yojee Limited 0.003 20% 297 $6,363,858 MP1 Megaport Limited 11.65 19% 561,290 $1,556,240,642 LVH Livehire Limited 0.053 18% 876,991 $16,398,634 <\/div>\n

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

\u201cAgainst a backdrop of Australian closures and write downs\u201d Indo-based Nickel Mines (ASX:NIC)<\/a> has inked a record group EBITDA from operations of US$135.4m.<\/p>\n

NIC will also increase its final period dividend to 2.5c (2022: 2c) and embark on an on-market share buyback program of up to US$100M.<\/p>\n

\u201cWith Australia\u2019s competitiveness in the nickel market on the decline, Indonesia has been a huge winner in terms of downstream investment, jobs and wealth creation,\u201d managing director Justin Werner says.<\/p>\n

\u201cIn the nickel space, we think of Indonesia as what WA is in iron ore.\u2019\u2019<\/p>\n

Internet co Megaport (ASX:MP1)<\/a> recorded total revenue of $48.6m for the December quarter, up 2.1m (5%) on the prior quarter. It added 39 net new revenue-generating customers over the period.<\/p>\n

Recruitment stock LiveHire (ASX:LVH)<\/a> eked out its first ever profit with $800,000 in net operating cashflow for the December quarter.<\/p>\n

It also continued to slash costs, with a reduction from an annualised run rate from ~$22m to ~$13m.<\/p>\n

\u00a0<\/p>\n

LOSERS<\/h2>\n

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

<\/div>\n
Security Description Last % Volume MktCap OAR OAR Resources Ltd 0.002 -33% 1,020,408 $7,931,183 WEC White Energy Company 0.034 -32% 10,164 $5,661,767 AMT Allegra Medical 0.031 -30% 167,741 $5,262,885 ADD Adavale Resource Ltd 0.006 -25% 3,976,594 $6,489,377 PVW PVW Resources 0.044 -23% 38,242 $5,780,072 BNL Blue Star Helium Ltd 0.018 -22% 6,378,838 $44,672,101 1MC Morella Corporation 0.004 -20% 526,887 $30,893,997 CHK Cohiba Minerals 0.002 -20% 65,217 $6,325,575 M4M Macro Metals Limited 0.002 -20% 812,500 $6,167,694 NES Nelson Resources 0.004 -20% 1,250,000 $3,067,972 <\/div>\n

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

Uranium and nickel explorer Adavale Resources (ASX:ADD)<\/a> will raise $1.5m at 0.7c per share, plus 1:1 attached option exercisable at 3c.<\/p>\n

Blue Star Helium (ASX:BNL)<\/a> has drilled a duster at its Voyager helium development in Las Animas County, Colorado.<\/p>\n

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

The post Top 10 at 10: Indo nickel giant books record profits as Aussie firms sh*t the bed<\/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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