Top 10 at 10: James Hardie delivers super strong quarter; Auris digs up more gold

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
CCE	Carnegie Cln Energy	0.002	100%	565,000	$15,642,574
EDE	Eden Inv Ltd	0.004	33%	914,664	$8,990,833
WTL	Wt Financial Grp Ltd	0.1	28%	716,407	$26,460,280
AUR	Auris Minerals Ltd	0.015	25%	19,827,523	$5,719,511
CTQ	Careteq Limited	0.03	20%	44,000	$3,003,538
OAR	OAR Resources Ltd	0.006	20%	2,600,341	$13,065,679
AVE	Avecho Biotech Ltd	0.007	17%	5,513,834	$12,972,982
RDS	Redstone Resources	0.007	17%	825,000	$5,228,271
JHX	James Hardie Indust	46.92	15%	732,106	$17,939,382,869
RCE	Recce Pharmaceutical	0.7	15%	156,043	$108,735,129

• Small mining outfit Auris Minerals (ASX:AUR) has returned “significant results” from its drilling of gold and base metals at the Morck Well project in WA, specifically at the Jacques East prospect.

Highlights? High-grade gold results: 15m @ 4.11g/t Au from 35m including 4m @ 12.8g/t Au from 38m; 10m @ 1.49g/t Au from 45m; and high-grade, supergene gold mineralisation at Jacques East defined over 70m laterally on section, remaining open along strike to northeast and southwest for up to 400m.

• Fibre cement gun James Hardie (ASX:JHX) has delivered a strong first quarter ending June 30. In fact, it’s the company’s best ever first quarter results for both Adjusted Net Income and Operating Cash Flow.

It’s talking:

• Global net sales of US$954.3 million

• Record global adjusted EBITDA of US$279.1 million, with an adjusted EBITDA margin of 29.2%

• Record global adjusted EBIT of US$234.2 million, with an adjusted EBIT margin of 24.5%

• Adjusted net income of US$174.5 million, up 13%

• Adjusted diluted EPS of US$0.39 per share, up 14%

• Operating cash flow increased 64% to US$252.3 million

• WT Financial Group (ASX:WTL) – as the name suggests, a financial services group – is up on its full-year indicative results for FY2023. It’s positive, with the headline being revenue and other income up 57% over the prior period to $162.49m (FY22 $103.63). Also, it’s seen a more than doubling of both net profit before tax (NPBT) – up 115% to $5.04m (FY22 $2.35m); and net profit after tax (NPAT) – up 130% to $4.31m (FY22 $1.87m).

• Recce Pharmaceuticals (ASX:RCE) is advancing its testing of RECCE 327 Gel (R327G) through a Therapeutic Goods Administration Special Access Scheme. The drug is designed (but not as yet market approved) for patients suffering antibiotic-resistant Gram-positive and Gram-negative bacterial infections. A positive clinical response has so far been indicated.

LOSERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).

Code	Company	Price	%	Volume	Market Cap
MEB	Medibio Limited	0.001	-50%	5,285,360	$10,301,188
INP	Incentiapay Ltd	0.005	-29%	748,576	$8,855,445
AMD	Arrow Minerals	0.003	-25%	800,000	$12,095,060
MCT	Metalicity Limited	0.0015	-25%	350,000	$7,472,172
NWF	Newfield Resources	0.2	-20%	3,120	$192,217,719
ADR	Adherium Ltd	0.004	-20%	220,700	$24,997,042
E33	East 33 Limited.	0.03	-17%	13,540	$18,687,193
TIG	Tigers Realm Coal	0.006	-14%	170,000	$91,466,917
DCN	Dacian Gold Ltd	0.1	-13%	3,704	$139,932,108
APC	Aust Potash Ltd	0.007	-13%	31,670	$8,309,432