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Top 10 at 10: Biotechs and high grade gold top Tuesday morning’s winners list
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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).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| ALT | Analytica Limited | 0.0015 | 50% | 500,000 | $4,613,801 |
| GTG | Genetic Technologies | 0.004 | 33% | 3,103,400 | $34,624,974 |
| XST | Xstate Resources | 0.002 | 33% | 250,000 | $4,822,772 |
| RFT | Rectifier Technolog | 0.058 | 26% | 10,573,738 | $63,245,582 |
| RML | Resolution Minerals | 0.007 | 17% | 283,285 | $6,478,477 |
| TMX | Terrain Minerals | 0.007 | 17% | 13,571 | $6,499,196 |
| AD1 | AD1 Holdings Limited | 0.008 | 14% | 100,000 | $4,905,119 |
| ATP | Atlas Pearls Ltd | 0.032 | 14% | 452,060 | $11,980,409 |
| KNM | Kneomedia Limited | 0.008 | 14% | 70,000 | $10,533,497 |
| RIE | Riedel Resources Ltd | 0.008 | 14% | 1,325,246 | $9,601,949 |
Biotech stock Genetic Technologies (ASX:GTG) yesterday announced a 100% increase in revenue but bigger net loss of $5.5m in the December half, compared to the prior corresponding period.
“Our revenue has doubled since last year, with our DTC business is progressing well as we focus on strengthening our distribution channels and entry into regions,” CEO Simon Morriss said today.
“We have a clear and progressive path to commercialisation for geneType risk assessment tests and we continue to innovate our genomics-based technologies.”
Explorer Riedel Resources (ASX:RIE) says new drilling results have created a 2km-long target zone at the flagship Kingman gold project, USA.
Highlights include 2.14m at 11.22g/t gold and 48g/t silver from 17.4m.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| GLV | Global Oil & Gas | 0.001 | -50% | 4,166 | $6,857,615 |
| WBE | Whitebark Energy | 0.001 | -33% | 74,999 | $9,697,329 |
| MRD | Mount Ridley Mines | 0.004 | -20% | 499,018 | $38,924,414 |
| RPM | RPM Automotive Group | 0.11 | -19% | 331,228 | $24,772,217 |
| HIQ | Hitiq Limited | 0.025 | -17% | 365,000 | $7,425,494 |
| TMZ | Thomson Res Ltd | 0.005 | -17% | 1,829,314 | $5,219,706 |
| VTI | Vision Tech Inc | 0.3 | -14% | 4,000 | $10,965,186 |
| COY | Coppermoly Limited | 0.008 | -11% | 5,249 | $19,745,612 |
| RMI | Resource Mining Corp | 0.068 | -11% | 17 | $39,953,766 |
| ID8 | Identitii Limited | 0.026 | -10% | 159,000 | $6,159,708 |
Auto parts seller RPM Automotive’s (ASX:RPM) acquisition growth model is “on hold” while it improves the performance of new and existing assets, the company said today.
Strong revenue growth over the December half was offset by margin pressures, impacted by increased staff costs and the underperformance of new retail stores. FY23 guidance has been lowered, marginally.
And investors were initially unimpressed by Resources Mining’s (ASX:RMI) re-estimated 42.1Mt @ 0.40% nickel sulphide resource (168.4 Kt of Nickel and 6.7 Kt of cobalt) at the recently acquired Ruossakero project in Finland.
