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Top 10 at 10: A $5.5m windfall and some positive guidance (for once)
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Stockhead’s 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.
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.
WINNERS
Stocks highlighted in yellow made market-moving announcements (click headings to sort).
| Code | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| ION | Iondrive Limited | 0.009 | 29% | 643,290 | $3,403,997 |
| DXN | DXN Limited | 0.041 | 28% | 227,776 | $5,916,459 |
| GAS | State GAS Limited | 0.15 | 25% | 478,652 | $32,907,215 |
| PUR | Pursuit Minerals | 0.005 | 25% | 152,016 | $11,775,886 |
| OSX | Osteopore Limited | 0.095 | 23% | 2,945,118 | $8,389,522 |
| AXN | Alliance Nickel Ltd | 0.076 | 21% | 4,779,970 | $45,727,896 |
| CRS | Caprice Resources | 0.036 | 20% | 3,069,199 | $6,702,608 |
| MCT | Metalicity Limited | 0.003 | 20% | 1,000,000 | $11,212,737 |
| POS | Poseidon Nick Ltd | 0.006 | 20% | 1,050,118 | $18,567,674 |
| MXO | Motio Ltd | 0.02 | 18% | 916,510 | $4,559,372 |
Project developer State Gas (ASX:GAS) is awarded $5.5m from the Queensland Government’s Frontier Gas Exploration grants program.
The cash will be used to define gas resources and reserves at the Rolleston West coal seam gas (CSG) project.
Advertising firm Motio (ASX:MXO) says it remains on target for its financial year revenue goal of between $7.7m – $8.2m.
This week has also been the largest forward media booking week since MXO’s inception, “providing confidence as the company enters FY25”.
LOSERS
Stocks highlighted in yellow made market-moving announcements (click headings to sort).
| Security | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| RMX | Red Mount Min Ltd | 0.001 | -33% | 619,000 | $4,010,364 |
| SI6 | SI6 Metals Limited | 0.002 | -33% | 419,000 | $7,106,578 |
| EDE | Eden Inv Ltd | 0.0015 | -25% | 1,050,000 | $7,356,542 |
| ERL | Empire Resources | 0.003 | -25% | 1,178,618 | $5,935,653 |
| NRZ | Neurizer Ltd | 0.002 | -20% | 19,686,527 | $4,132,948 |
| BKG | Booktopia Group | 0.052 | -17% | 2,420 | $14,376,921 |
| LRL | Labyrinth Resources | 0.005 | -17% | 174 | $7,125,262 |
| HLX | Helix Resources | 0.003 | -14% | 18,301 | $8,131,010 |
| KOR | Korab Resources | 0.006 | -14% | 11,785 | $2,569,350 |
| RDS | Redstone Resources | 0.003 | -14% | 22,727 | $3,238,825 |
