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 |
|---|---|---|---|---|---|
| TD1 | Tali Digital Limited | 0.0015 | 50% | 133,152 | $3,295,156 |
| XTC | Xantippe Res Ltd | 0.0015 | 50% | 1,500,000 | $11,480,100 |
| EOF | Ecofibre Limited | 0.245 | 44% | 729,645 | $59,366,474 |
| MTH | Mithril Resources | 0.002 | 33% | 760,786 | $5,053,207 |
| AD1 | AD1 Holdings Limited | 0.009 | 29% | 683,400 | $5,757,983 |
| 1AG | Alterra Limited | 0.011 | 22% | 211,110 | $6,268,973 |
| ROO | Roots Sustainable | 0.006 | 20% | 125,100 | $693,611 |
| SFG | Seafarms Group Ltd | 0.006 | 20% | 86,666 | $24,182,996 |
| 3DP | Pointerra Limited | 0.24 | 17% | 3,328,191 | $138,950,272 |
| OPN | Oppenneg | 0.007 | 17% | 83,000 | $6,700,078 |
TALi Digital (ASX:TD1) is up 50% this morning after publishing a positive Q4-FY23 activities report. The medical device and digital therapeutic tech company is focused on cognitive training for 3-10 year-olds and highlights the following in its report: “ReadyAttentionGo is awarded a Red Dot Design award; the previously announced Strategic review is nearing completion; annualised costs have been reduced by $1.7 million.
Ecofibre (ASX:EOF) has provided an update on a new material customer supply relationship involving sportswear giant Under Armour and Hemp Black, Ecofibre’s speciality manufacturing division.
An MOU has been signed that will see the Ecofibre division supply “specialty yarn for apparel use”.
Recruitment tech company AD1 Holdings (ASX:AD1) has announced this morning that its high-profile customer, the Victorian government, has renewed an existing agreement with the firm, namely, its Managed Service Agreement (MSA) for Careers.
Ag tech firm Roots Sustainable Agricultural Technologies (ASX:ROO) has filed a key patent, submitted to the United States Patent Office, for a machine capable of controlling root zone, irrigation and fertigation temperatures.
Investors are already seeing this as an IP-bolstering win. The patent application is a follow up on the recent design patent granted in the US and incorporates insights from running a number of prototypes at Roots’ experimental farm in Israel.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| CLE | Cyclone Metals | 0.001 | -33% | 465,000 | $15,396,757 |
| CBR | Carbon Revolution | 0.17 | -28% | 1,204,971 | $49,855,839 |
| AUK | Aumake Limited | 0.004 | -20% | 199,996 | $7,436,297 |
| ICN | Icon Energy Limited | 0.004 | -20% | 60,000 | $3,840,068 |
| SLR | Silver Lake Resource | 0.895 | -20% | 12,065,940 | $1,036,664,931 |
| MXC | Mgc Pharmaceuticals | 0.0025 | -17% | 2,958,121 | $11,677,079 |
| CVV | Caravel Minerals Ltd | 0.225 | -15% | 1,286,068 | $126,983,859 |
| W2V | Way2Vatltd | 0.012 | -14% | 1,103,793 | $8,790,219 |
| 8VI | 8Vi Holdings Limited | 0.2 | -13% | 320 | $9,639,627 |
| FFF | Forbidden Foods | 0.02 | -13% | 345,068 | $3,374,803 |
Gold miner Silver Lake Resources (ASX:SLR) says production/sales are expected to fall in FY24.
Gold sales in FY24 are expected to be 210,000-230,000oz and 700- 1,000t copper at an AISC range of $1,850-$2,050/oz (from 261,604oz gold, 1,483t copper at AISC of $1,941/oz in FY23).
Advanced copper play Caravel Minerals (ASX:CVV) will raise ~$11.5m at 22c per share – a ~15% discount to the last closing price.