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Top 10 at 10: Health minnow 1st Group climbs on new contract in WA
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Stockhead’s Top 10 at 10, published at ~10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data.
It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms.
The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading.
GAINERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Winners:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| CHK | Cohiba Min Ltd | 0.004 | 33% | 574,997 | $6,639,733 |
| MTH | Mithril Resources | 0.002 | 33% | 47,545 | $5,053,207 |
| 1ST | 1ST Group Ltd | 0.012 | 33% | 13,999,598 | $12,752,921 |
| ROO | Roots Sustainable | 0.005 | 25% | 162,062 | $554,889 |
| AD8 | Audinate Group Ltd | 12.38 | 20% | 164,818 | $797,754,766 |
| FTL | Firetail Resources | 0.18 | 20% | 311,130 | $14,437,500 |
| RDM | Red Metal Limited | 0.09 | 20% | 1,538,865 | $18,419,381 |
| ECT | Env Clean Tech Ltd | 0.007 | 17% | 279,078 | $14,859,663 |
| MTB | Mount Burgess Mining | 0.0035 | 17% | 501,429 | $3,046,940 |
| SKN | Skin Elements Ltd | 0.007 | 17% | 200,000 | $3,416,917 |
1ST Group (ASX:1ST) jumped 33% on news that the company has bagged an initial purchase order from WA Primary Health Alliance (WAPHA) for $1.1M, for the imminent implementation of Visionflex’s clinical telehealth technology across an initial 75 Commonwealth-funded Residential Aged Care Facilities (RACF) in Western Australia.
Audinate (ASX:AD8) has added 20% this morning after releasing some happy results for the year. The company says its revenue increased 40% on FY22 to US$46.7 million ($69.7 million), delivering gross profit of US$33.4 million, up 34.4% on a gross margin of 72.1%.
Firetail Resources (ASX:FTL) is also up 20% today on no fresh news, so the gain is most likely a continuation of the company’s solid performance in recent weeks that has seen it climb more than 70% for the month.
FALLERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Losers:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| VPR | Volt Power Group | 0.001 | -33% | 10 | $16,074,312 |
| APC | Aust Potash Ltd | 0.003 | -25% | 30,000 | $4,154,716 |
| CLE | Cyclone Metals | 0.0015 | -25% | 330,450 | $20,529,010 |
| MEB | Medibio Limited | 0.0015 | -25% | 1,513,100 | $12,201,488 |
| IRE | IRESS Limited | 7.92 | -21% | 1,268,178 | $1,866,026,845 |
| ALV | Alvomin | 0.2 | -18% | 239,429 | $18,210,832 |
| SI6 | SI6 Metals Limited | 0.005 | -17% | 1,600,982 | $11,963,157 |
| 88E | 88 Energy Ltd | 0.006 | -14% | 1,165,720 | $140,755,078 |
| RDS | Redstone Resources | 0.006 | -14% | 563,153 | $6,099,649 |
| TIG | Tigers Realm Coal | 0.006 | -14% | 700,000 | $91,466,917 |
Alvo Minerals (ASX:ALV) has dropped more than 22% this morning, despite releasing maiden drilling results from the Boa Vista prospect at the Bluebush Rare Earth Element (REE) Project, which show “exceptional magnet rare earth (MREO) and heavy rare earth (HREO) ratios”, averaging 26% MREO (peak 35%) and 26% HREO (peak 76%) in line with the neighbouring Serra Verde deposit.
SI6 Metals (ASX:SI6) has fallen 17% this morning on no news – the last announcement we had from SI6 was confirmation that Jim Malone has stepped into the role of managing director, as expected, in the middle of last week.
Adairs (ASX:ADR) is down 10.5% this morning after revealing that the company has grown group sales of $621.3 million (up 10.1% on FY22), pushing gross profit up 5.8% with margins adversely impacted by supply chain cost pressure.
