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Top 10 at 10: Big pharma contracts and another nickel hit
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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.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Security | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| ADD | Adavale Resource Ltd | 0.035 | 119% | 22,487,954 | $8,312,688 |
| CCE | Carnegie Clean Energy | 0.0015 | 50% | 1,072,373 | $15,642,574 |
| AJQ | Armour Energy Ltd | 0.004 | 33% | 4,399,998 | $14,764,026 |
| MTL | Mantle Minerals Ltd | 0.002 | 33% | 125,000 | $9,221,169 |
| SIG | Sigma Health Ltd | 0.805 | 27% | 3,920,925 | $672,640,524 |
| ENT | Enterprise Metals | 0.005 | 25% | 300,000 | $2,820,323 |
| MIO | Macarthur Minerals | 0.18 | 24% | 379,805 | $24,019,756 |
| ICN | Icon Energy Limited | 0.006 | 20% | 500,000 | $3,840,068 |
| ADX | ADX Energy Ltd | 0.007 | 17% | 274,285 | $21,322,772 |
| SMN | Structural Monitor | 0.65 | 16% | 66,369 | $75,140,591 |
Adavale Resources (ASX:ADD) has drilled into 4.15m of massive nickel sulphides at Kabanga Jirani project, located adjacent to the Tier-1, high grade Kabanga deposit (58Mt @ 2.62% Ni).
Sigma Health (ASX:SIG) has inked a deal to supply Chemist Warehouse with both Pharmaceutical Benefits Scheme (PBS) medicines and Fast-Moving-Consumer-Goods (FMCG) product for a period of five years commencing on 1 July 2024.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Security | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| TD1 | Tali Digital Limited | 0.001 | -50% | 197,997 | $6,590,311 |
| KEY | KEY Petroleum | 0.001 | -33% | 186,000 | $2,951,892 |
| SOV | Sovereign Cloud Holdings | 0.05 | -29% | 1,334 | $11,879,363 |
| PYR | Payright Limited | 0.003 | -25% | 98,919 | $3,523,541 |
| BCB | Bowen Coal Limited | 0.17 | -23% | 2,378,455 | $405,211,005 |
| GNM | Great Northern | 0.002 | -20% | 15,000 | $5,340,784 |
| BBN | Baby Bunting Grp Ltd | 1.44 | -19% | 583,327 | $240,133,550 |
| SRJ | SRJ Technologies | 0.09 | -18% | 21,208 | $10,484,766 |
| REZ | Resources & Energy Group | 0.027 | -18% | 6,308,842 | $16,493,591 |
| NES | Nelson Resources. | 0.005 | -17% | 700,000 | $3,531,566 |
Nickel explorer Resources and Energy Group (ASX:REZ) has given back a chunk of yesterday’s massive gains.
Bowen Coking Coal (ASX:BCB) will raise $50m at 17c/sh – a 22.7% discount to the last traded price and a 21.1% discount to the 15 traded day VWAP.
Baby Bunting Group (ASX:BBN) says sales have been “unprecedentedly low” during the key Storktake promotional event.
“As June delivers a larger proportion of the company’s second half profit, a continuation of the current trend will have a significant impact on the Company’s full year profit result,” it says.
“Accordingly, pro forma net profit after tax is now expected to be in the range of $13.5 million to $15.0 million for FY23.
“This compares to previous guidance of pro forma net profit after tax in the range of $21.5 million to $24 million.”
