Top 10 at 10: ASX defence stock inks Ukraine supply deal worth more than the entire company
Pic: SimpleImages, Moment/ Via Getty Images
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.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| CLZ | Classic Min Ltd | 0.0015 | 50% | 29,424,592 | $2,437,440 |
| PNX | PNX Metals Limited | 0.003 | 50% | 535,243 | $10,761,249 |
| EOS | Electro Optic Sys. | 0.66 | 45% | 998,142 | $77,912,383 |
| AQX | Alice Queen Ltd | 0.002 | 33% | 500,000 | $3,795,431 |
| VPR | Volt Power Group | 0.002 | 33% | 15,000 | $16,074,312 |
| AQS | Aquis Ent Ltd | 0.185 | 28% | 302,042 | $5,179,281 |
| BAT | Battery Minerals Ltd | 0.005 | 25% | 2,100,000 | $11,740,969 |
| OD6 | Od6Metalsltd | 0.255 | 24% | 1,119,451 | $11,278,177 |
| 88E | 88 Energy Ltd | 0.011 | 22% | 50,382,159 | $180,970,814 |
| AEV | Avenira Limited | 0.017 | 21% | 4,338,483 | $17,433,781 |
War stock Electro Optic Systems Holdings (ASX:EOS) has a “conditional” deal to supply its Remote Weapon Systems (RWS) to Ukraine, valued at up to US$80m (~A$120m).
The contract, conditional on demonstration testing over the coming weeks, envisages supply during 2023-2024.
Battery Minerals (ASX:BAT) has completed the sale of its Mozambican graphite projects to Tirupati Graphite (LSE:TGR) for $6.5m in cash and shares.
And OD6 Metals (ASX:OD6) has reported “very high” magnet rare earths recoveries up to 96% from metallurgical testing at its Splinter Rock clay REE project in WA.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| AVE | Avecho Biotech Ltd | 0.0065 | -28% | 2,551,110 | $16,540,824 |
| HXL | Hexima | 0.012 | -20% | 23,608 | $2,505,594 |
| MCT | Metalicity Limited | 0.002 | -20% | 225,000 | $8,761,348 |
| PUA | Peak Minerals Ltd | 0.004 | -20% | 201,000 | $5,206,883 |
| ALY | Alchemy Resource Ltd | 0.013 | -13% | 185,714 | $17,671,144 |
| JXT | Jaxstaltd | 0.045 | -12% | 74,000 | $18,105,508 |
| AOA | Ausmon Resorces | 0.004 | -11% | 692,505 | $4,361,802 |
| WYX | Western Yilgarn NL | 0.094 | -10% | 26,220 | $4,324,163 |
| CMO | Cosmometalslimited | 0.13 | -10% | 23,785 | $3,698,950 |
| FZR | Fitzroy River Corp | 0.135 | -10% | 71,159 | $16,193,138 |
Biotech Avecho (ASX:AVE) wants to raise $11m to fund a phase 3 clinical trial. The issue price of 0.6c per share is a 33% discount to the last closing price.
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