Stockhead’s In-Case-You-Missed-It highlights some strongest performing ASX stocks that might have slipped your notice today. 

It’s a short, sharp update to help frame the trading day by showing some of the biggest movers in percentage terms.

 

ICYMI Leader Board

Stocks highlighted in green have made market-moving announcements (click headings to sort).

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Software solutions specialist for the energy industry Gentrack Group (ASX:GTK) reported a 48% increase (on pcp) in operating revenue to $84.3m for the half year, with bottom line net profit at $7.88m, a massive 235% increase on pcp. 

The company put this down to growth in utilities, water and airport customers, and said it was an exciting time to be in these dynamic markets.

“For airports, we are seeing pent up demand being unleashed in modernisation programs,” the company said.

“For utilities, no other market required the level of modernisation that the IT systems in both the energy and water markets require.”

Both FY23 and FY24 revenue guidance have been upgraded to a range of $157m to $160m (from previous guidance of $147m to $150m respectively).

Osmond Resources (ASX:OSM) is set to assume the Salt Wells lithium-borate project in Nevada, US, farm-in from 5E Advanced Materials (ASX:5EA), which has been exploring the project on and (mostly) off since 2018 with private vendor Great Basin Resources.

Under the deal, OSM will assume 5E’s farm in obligations to acquire an 80% interest in Salt Wells. 

“We now plan to move quickly into assessing existing exploration results, which will shape an exploration plan, with the target to commence on ground activities and a maiden drilling program in the second half of CY2023,” OSM exec Andrew Shearer says.

Amplia Therapeutics (ASX:ATX) has received grant funding to undertake a research collaboration with Australia’s national science agency CSIRO to develop novel topical formulations of the company’s FAK inhibitors. 

Amplia will work with CSIRO to help develop formulations of its small molecule FAK inhibitors that could be applied topically (i.e. directly) to wounds and burns to aid healing and reduce scarring.

Adavale Resources (ASX:ADD) has picked up a “geologically significant” tenement – where old drilling hit 8.4m @1.14% nickel sulphides — at its flagship Kabanga Jirani project in Tanzania.

Despite its small size, the newly granted 3.74sqkm Luhuma Central tenement contains a coincident magnetic and gravity anomaly in addition to the abovementioned  drillhole undertaken by BHP in the ’90s.

It will be a high priority for drilling, which is currently underway across the project area.

And Blue Star Helium (ASX:BNL) has pencilled in an August start date for development drilling at its high-grade Voyager project in Colorado that will take it into helium production.

The company will drill the BBB 33#1 and BBB 34#1 helium development wells, which offset the BBB#1 helium discovery well that had intersected a 134ft (40.8m) gas column and flowed gas containing 8.8% helium to surface.

 

At Stockhead we tell it like it is. While Blue Star Helium is a Stockhead advertisers, it did not sponsor this article.

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