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Top 10 at 10: Data stock on the rise as Domino’s gets burnt, cattle inseminator shoots blanks
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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 have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| DXN | DXN Limited | 0.002 | 100% | 501,473 | $2,153,340 |
| BME | Blackmountainenergy | 0.013 | 44% | 2,896,307 | $3,449,018 |
| AI1 | Adisyn Ltd | 0.021 | 24% | 14,362 | $2,744,643 |
| M4M | Macro Metals Limited | 0.003 | 20% | 3,650,000 | $6,167,694 |
| PVW | PVW Res Ltd | 0.059 | 18% | 6,399 | $5,070,239 |
| KSN | Kingston Resources | 0.084 | 17% | 868,771 | $35,853,252 |
| LPD | Lepidico Ltd | 0.007 | 17% | 470,000 | $45,829,848 |
| VAL | Valor Resources Ltd | 0.0035 | 17% | 1,002,345 | $12,520,004 |
| WML | Woomera Mining Ltd | 0.007 | 17% | 4,681,428 | $7,308,834 |
Data centre stock DXN (ASX:DXN) and potentially soon-to-be delisted gas explorer Black Mountain Energy (ASX:BME) both rose on quarterly reports.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| DCX | Discovex Res Ltd | 0.001 | -33% | 200,000 | $4,953,852 |
| FAU | First Au Ltd | 0.002 | -33% | 200,000 | $4,985,980 |
| MRD | Mount Ridley Mines | 0.001 | -33% | 500,000 | $11,677,324 |
| DMP | Domino Pizza Enterpr | 41.28 | -28% | 425,961 | $5,146,337,960 |
| SUM | Summitminerals | 0.068 | -26% | 781,720 | $4,384,456 |
| MHC | Manhattan Corp Ltd | 0.003 | -25% | 211,249 | $11,747,919 |
| MEM | Memphasys Ltd | 0.011 | -21% | 1,793,332 | $18,814,022 |
| KNM | Kneomedia Limited | 0.002 | -20% | 1,319 | $3,833,178 |
| SFG | Seafarms Group Ltd | 0.004 | -20% | 341,083 | $24,182,996 |
Yesterday Pizza maker Domino’s (ASX:DMP) said net profit before tax (NPBT) will be $87-90m for the December half; well below H1 23 ($104.8m), but higher than the preceding Half (H2 23, $74.4m).
Summit Minerals (ASX:SUM) says it continues to review and assess its portfolio of projects, which include lithium in Canada and uranium in WA, a jurisdiction which has banned new uranium mining developments.
Recent lithium focused sampling at the Castor project in Canada returned nothing exciting, but SUM says there are hints of copper and gold worth following up.
Artificial inseminator Memphasys (ASX:MEM) says its ambient temperature AI-Port system is still only 60% as effective as conventional cryostorage procedures.
“The results of the spring field trial highlight that we are heading in the right direction in terms of developing a successful product that increases cattle pregnancy rates via AI over traditional methods,” MEM boss David Ali says.
“While the results are a significant improvement on the initial field trial conducted in April 2023, there is still more work to be done to make it comparable to traditional AI practices in cattle.”
