{"id":7133,"date":"2024-03-13T23:56:09","date_gmt":"2024-03-13T23:56:09","guid":{"rendered":"https:\/\/economicherald.net\/?p=7133"},"modified":"2024-03-13T23:56:09","modified_gmt":"2024-03-13T23:56:09","slug":"top-10-at-10-superloop-eats-aussie-broadbands-lunch-and-something-about-finding-cobalt-in-seaweed-using-ai","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=7133","title":{"rendered":"Top 10 at 10: Superloop eats Aussie Broadband\u2019s lunch, and something about finding cobalt in seaweed using AI"},"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

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

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

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Code Company Price % Volume Market Cap BP8 Bph Global Ltd 0.0015 50% 451,988 $1,954,116 MCT Metalicity Limited 0.003 50% 472,993 $8,970,108 PPY Papyrus Australia 0.02 33% 35,252 $7,390,389 SLC Superloop Limited 1.36 30% 2,868,322 $515,733,267 CYM Cyprium Metals Ltd 0.024 26% 3,031,682 $28,969,534 M4M Macro Metals Limited 0.005 25% 3,187,286 $12,928,267 PUR Pursuit Minerals 0.005 25% 1,237,820 $11,775,886 88E 88 Energy Ltd 0.006 20% 824,000 $125,620,313 MHC Manhattan Corp Ltd 0.003 20% 100,000 $7,342,449 KNG Kingsland Minerals 0.3 18% 416,210 $12,629,947 <\/p>\n

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

Lobbing a mention of artificial intelligence into a release was enough to give $2m capped biotech BPH Global (ASX:BP8)<\/a> a nice bump at Thursday\u2019s open.<\/p>\n

BP8 says it will \u201cexpand its seaweed research and development activities into essential mineral extraction utilising AI search technology\u201d.<\/p>\n

Superloop (ASX:SLC)<\/a> is now providing wholesale internet services to two of Australia\u2019s largest energy companies after inking a six-year contract with Origin Energy and its subsidiaries.<\/p>\n

The contract is expected to add +$19m of annualised earnings once the current subscriber base is fully transitioned, it says.<\/p>\n

Cyprium Metals (ASX:CYM)<\/a> has updated resources to 1Mt contained copper at its flagship Nifty asset, one of the largest non-operational copper projects in Australia.<\/p>\n

Nifty is also a renowned cash furnace, with both Aditya Birla and ASX-listed\u00a0Metals X (ASX:MLX)<\/a>\u00a0 failing to make the Pilbara mine a money spinner.<\/p>\n

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LOSERS<\/h2>\n

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

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Code Company Price % Volume Market Cap VPR Volt Power Group 0.001 -50% 96,898 $21,432,416 SLZ Sultan Resources Ltd 0.014 -36% 6,033,074 $3,645,539 VAL Valor Resources Ltd 0.002 -33% 80,000 $13,767,040 ME1 Melodiol Glb Health 0.004 -20% 186,824 $1,964,980 CTQ Careteq Limited 0.02 -17% 3,595,096 $5,653,135 ABB Aussie Broadband 3.7 -15% 2,061,824 $1,278,149,911 HLX Helix Resources 0.003 -14% 125,000 $8,131,010 NRZ Neurizer Ltd 0.003 -14% 5,149,156 $5,254,938 RIE Riedel Resources Ltd 0.003 -14% 15,500 $7,783,425 <\/p>\n

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

Explorer Sultan Resources (ASX:SLZ)<\/a> has completed a 2 hole drill program at the Calesi prospect in WA and, while assays are pending, \u201cno visible support for magmatic nickel sulphides was observed\u201d.<\/p>\n

The Australian Tax Office (ATO) reckons healthtech Careteq (ASX:CTQ)<\/a> was not entitled to almost $1.3m of tax offsets related to R&D claims over the past two years.<\/p>\n

Should it be unable to substantiate its claim CTQ will have to pay back the money plus a $320,000 \u2018administrative penalty\u2019.<\/p>\n

Meanwhile, Superloop\u2019s gain (mentioned above) is Aussie Broadband\u2019s (ASX:ABB)<\/a> loss.<\/p>\n

ABB says it received \u201cunexpected notice\u201d on the evening of 13 March 2024 that Origin Energy will terminate the White Label Wholesale Agreement with ABB effective 12 April 2024.<\/p>\n

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The post Top 10 at 10: Superloop eats Aussie Broadband\u2019s lunch, and something about finding cobalt in seaweed using AI<\/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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