{"id":6067,"date":"2024-02-20T00:10:03","date_gmt":"2024-02-20T00:10:03","guid":{"rendered":"https:\/\/economicherald.net\/?p=6067"},"modified":"2024-02-20T00:10:03","modified_gmt":"2024-02-20T00:10:03","slug":"top-10-at-11-half-year-results-and-lithium-hits-are-tipping-the-scales-this-morning","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=6067","title":{"rendered":"Top 10 at 11: Half-year results and lithium hits are tipping the scales this morning"},"content":{"rendered":"

Good morning, and welcome to Stockhead\u2019s Top 10 at shortly-before-11-ish, which 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 that have made announcements.<\/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

Here\u2019s what\u2019s been happening since the doors were opened this morning<\/p>\n

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WINNERS<\/h2>\n

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

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Code Company Price % Volume Market Cap AVW Avira Resources Ltd 0.0015 50% 150,285 $2,133,790 1MC Morella Corporation 0.004 33% 3,801,601 $18,536,398 BP8 BPH Global Ltd 0.002 33% 167,999 $2,931,174 NET Netlinkz Limited 0.004 33% 270,000 $11,635,345 PKD Parkd Ltd 0.027 29% 176,522 $2,184,292 BVS Bravura Solution Ltd 1.21 26% 1,827,825 $430,419,842 EXL Elixinol Wellness 0.007 17% 78,008 $3,797,230 NRZ Neurizer Ltd 0.007 17% 64,758 $8,483,465 BBT Bluebet Holdings Ltd 0.25 16% 4,000 $43,237,864 EVZ EVZ Limited 0.22 16% 42,945 $23,007,464 <\/p>\n

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Bravura Solutions (ASX:BVS)<\/strong><\/a> is climbing rapidly this morning, having delivered happy 1HFY24 results including a gross revenue bump of 7.4% to $124 million, putting the company on an EBITDA of $7.9 million, which is $11.5 million better than the previous year.<\/p>\n

First Lithium (ASX:FL1)<\/strong><\/a> is celebrating an expansion of its Blacka\u2026 Balaclav\u2026 Blakala (that\u2019s a tricky one to pronounce before I\u2019ve had my fourth coffee for the morning) project, hitting thick high pegmatites in four drill holes, with intercepts like 19.0m @ 1.85% Li2O from 41.0m, including 15.0m at 2.04% Li2O from 44.0m making everyone happy.<\/p>\n

MLG Oz (ASX:MLG)<\/strong><\/a> has reported its 1HFY24 results, and they\u2019re looking solid. The highlights include a rise in statutory revenue of 28.7% to $226.4 million on PCP, delivering an EBITDA of $28.5 million, which is up 71.8% on pcp of $16.6 million.<\/p>\n

Elixinol Global (ASX:EXL)<\/strong><\/a> has surged on news that it has entered into a binding \u201cMembership Interest Purchase Agreement\u201d, under which Elixinol will sell it\u2019s non-core investment minority interest in Altmed Pets (aka Pet Releaf) back to Altmed for US$1.5 million in cash.<\/p>\n

Parkd (ASX:PKD)<\/strong><\/a> is gaining this morning on news that it has been instructed to proceed with Stage 2 of the design and construction contract with John Hughes Automotive Group, for construction of a multi-level car storage facility to support its VW service centre in Victoria Park, Perth.<\/p>\n

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LOSERS<\/h2>\n

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

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Code Description Last % Volume MktCap JAV Javelin Minerals Ltd 0.001 -50% 357,981 $3,267,458 MTB Mount Burgess Mining 0.002 -33% 146,000 $3,134,440 TKL Traka Resources 0.0015 -25% 250,000 $3,501,317 SGR The Star Entertainment Group 0.435 -22% 22,009,707 $1,606,461,291 PUA Peak Minerals Ltd 0.002 -20% 413,156 $2,603,442 ROG Red Sky Energy 0.004 -20% 305,000 $27,111,136 HUM Humm Group Limited 0.57 -18% 1,039,619 $353,184,666 ASV Asset Vision Company 0.015 -17% 260,050 $13,065,058 ADD Adavale Resource Ltd 0.005 -17% 78,500 $6,067,033 YOJ Yojee Limited 0.042 -16% 4,668 $8,485,231 <\/p>\n

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Asset Vision Co (ASX:ASV)<\/strong><\/a> is lower this morning after delivering what looks like a positive H1FY24 report, which indicates that while revenues from ordinary activities are down 1.9% to $1,846,410, revenues from continuing operations are up 2.9% to $1,846,300 \u2013 and the company has managed to decrease its losses by 94.7% on PCP to $219,054.<\/p>\n

Humm (ASX:HUM)<\/strong><\/a> has revealed that while it managed to boost total receivables to $4.65b, up 23% on pcp, that translated to a 1H24 Normalised Cash Profit of $28.1m, which the company says was \u201conly down 27% on pcp\u201d, and announced a fully franked interim dividend of $0.0075 (0.75 cents) per share.<\/p>\n

And \u2013 stop me if you\u2019ve heard this one before, but\u2026 Star Entertainment Group (ASX:SGR)<\/strong><\/a> is tanking this morning on news that Adam Bell SC is set to preside over a new 15-week inquiry into the company\u2019s Sydney casino operation, \u201cto assist the NSW Independent Casino Commission in forming a view as to what (if any) action it should take in respect of The Star Sydney, prior to the end of the manager\u2019s appointment on 30 June 2024.\u201d<\/p>\n

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The post Top 10 at 11: Half-year results and lithium hits are tipping the scales this morning<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Good morning, and welcome to Stockhead\u2019s Top 10 at shortly-before-11-ish, which is meant to highlight the best (and sometimes worst) performing ASX stocks in morning [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":6068,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nTop 10 at 11: Half-year results and lithium hits are tipping the scales this morning - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=6067\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top 10 at 11: Half-year results and lithium hits are tipping the scales this morning - 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