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Top 10 at 10: Fatty coal and a healthy software deal
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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 |
|---|---|---|---|---|---|
| EDE | Eden Inv Ltd | 0.0025 | 25% | 1,541,461 | $7,334,027 |
| AKM | Aspire Mining Ltd | 0.18 | 24% | 413,164 | $73,607,363 |
| SHG | Singular Health | 0.048 | 23% | 480,050 | $5,511,100 |
| TAS | Tasman Resources Ltd | 0.006 | 20% | 10,028 | $3,563,346 |
| TMR | Tempus Resources Ltd | 0.006 | 20% | 600,000 | $1,999,884 |
| EEL | Enrg Elements Ltd | 0.007 | 17% | 388,747 | $6,059,790 |
| NET | Netlinkz Limited | 0.007 | 17% | 948,710 | $23,032,885 |
| RMX | Red Mount Min Ltd | 0.0035 | 17% | 886,583 | $8,020,728 |
| VAL | Valor Resources Ltd | 0.0035 | 17% | 757,488 | $12,520,004 |
| MXR | Maximus Resources | 0.043 | 16% | 2,867,887 | $11,862,413 |
Coal from Aspire Mining’s (ASX:AKM) Ovoot project in Mongolia has been designated super high quality, or “fat”, making it ideal for coke making.
Coke is used in the smelting of iron ore.
“We are very excited by this confirmation which places our coal into the ‘fat coal’ market, which will attract a hard coking coal premium,” AKM Sam Bowles says.
“In recognition of the distinctly unique qualities of this coal, the company will be branding the coal produced from the OCCP as Toson Coal.
“In Mongolian, ‘Toson’ is an adjective meaning ‘fat’ or ‘fatty’.”
Singular Health (ASX:SHG) has received its first a binding enterprise license order for 5,000 annual licenses of the 3Dicom Patient software in the US.
Details of the enterprise sale are “commercial-in-confidence”, but SHG says revenue generated from this order “exceeds the total direct-to-consumer sales of the 3Dicom software in 2023 of ~A$50,000 by more than 40%”.
So… $70,000?
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| CAQ | CAQ Holdings Ltd | 0.007 | -30% | 5,000 | $7,177,863 |
| HXG | Hexagon Energy | 0.01 | -17% | 10,000 | $6,154,991 |
| NWM | Norwest Minerals | 0.027 | -16% | 1,065,112 | $9,202,224 |
| CPO | Culpeominerals | 0.11 | -15% | 2,577,143 | $15,153,107 |
| RML | Resolution Minerals | 0.003 | -14% | 45,000 | $4,409,989 |
| STM | Sunstone Metals Ltd | 0.012 | -14% | 1,112,368 | $48,828,288 |
| MCM | Mc Mining Ltd | 0.13 | -13% | 488 | $61,183,612 |
| SRZ | Stellar Resources | 0.007 | -13% | 7,291,628 | $9,192,212 |
| RR1 | Reach Resources Ltd | 0.004 | -11% | 113,000 | $14,446,337 |
| IPB | IPB Petroleum Ltd | 0.009 | -10% | 970,000 | $5,651,224 |
Norwest (ASX:NWM) hit narrow oxide copper in drilling at the Bali project, including a highlight 3m @ 6.2% Cu from 13m.
