Top 10 at 10: Health minnow 1st Group climbs on new contract in WA

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.