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Top 10 at 10: Billionaire Richard White just doubled down on Vinyl, gold major flies
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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 | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| IS3 | I Synergy Group Ltd | 0.004 | 100% | 400,000 | $608,161 |
| EDE | Eden Inv Ltd | 0.002 | 33% | 511,620 | $5,517,407 |
| PUR | Pursuit Minerals | 0.006 | 20% | 100,000 | $14,719,857 |
| BRX | Belararoxlimited | 0.245 | 20% | 188,758 | $17,472,535 |
| GBE | Globe Metals &Mining | 0.038 | 19% | 50,000 | $21,627,763 |
| SRJ | SRJ Technologies | 0.075 | 15% | 28,653 | $10,354,138 |
| VNL | Vinyl Group Ltd | 0.11 | 15% | 432,442 | $58,056,505 |
| NEM | Newmont Corporation | 66.01 | 14% | 503,819 | $9,560,215,429 |
| BXN | Bioxyne Ltd | 0.008 | 14% | 312,500 | $14,326,518 |
| SFG | Seafarms Group Ltd | 0.004 | 14% | 1,000,000 | $16,928,097 |
Dual-listed gold major Newmont (NYSE:NEM ASX:NEM, TSX:NGT) produced 2.2Moz in the first quarter of 2024, generating over US$1.4 billion in cash.
The US$50bn capped behemoth declared a dividend of US25c/sh for the quarter.
Full year guidance is unchanged at 6.93Moz at US$1400/oz all in sustaining costs.
“Australia’s only ASX-listed music company” Vinyl Group (ASX:VNL) says Richard White’s investment vehicle RealWise Group will convert its convertible note into ordinary shares, giving it a 34% stake.
“I remain enthusiastic about Vinyl,” says billionaire White, CEO and founder of $30.5bn-capped Wisetech (ASX:WTC).
“The conversion into equity of the note held by RealWise Group is in the best interest of Vinyl and shows my confidence in Vinyl’s business, its continued growth and in Josh and his leadership team.”
LOSERS
Stocks highlighted in yellow made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| MRQ | Mrg Metals Limited | 0.001 | -33% | 16613923 | 3787677.94 |
| OAR | OAR Resources Ltd | 0.0015 | -25% | 21550315 | 6306621.96 |
| TKL | Traka Resources | 0.0015 | -25% | 520001 | 3501317.11 |
| CHW | Chilwaminerals | 0.32 | -20% | 900 | 18350000.4 |
| AGR | Aguia Res Ltd | 0.018 | -18% | 2145375 | 14475650.5 |
| RXL | Rox Resources | 0.185 | -18% | 334404 | 83104708.5 |
| AGD | Austral Gold | 0.03 | -17% | 250000 | 22043208.7 |
| PVT | Pivotal Metals Ltd | 0.015 | -17% | 417000 | 12674129.1 |
| AEV | Avenira Limited | 0.005 | -17% | 1917020 | 14094204.4 |
| WWG | Wisewaygroupltd | 0.115 | -15% | 12562 | 22584672.7 |
