Top 10 at 10: Kava stock bags on sales blitz, Treasury Wines pops corks on guidance update
Pic: Via Getty
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 made market-moving announcements (click headings to sort).
| Security | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| CCO | The Calmer Co Int | 0.012 | 118% | 14,412,033 | $7,594,241 |
| MRQ | Mrg Metals Limited | 0.002 | 100% | 214,954 | $2,525,119 |
| GML | Gateway Mining | 0.031 | 29% | 2,684,339 | $8,291,026 |
| AGH | Althea Group | 0.033 | 22% | 5,547,863 | $10,943,976 |
| 1MC | Morella Corporation | 0.003 | 20% | 837,000 | $15,446,999 |
| CDT | Castle Minerals | 0.006 | 20% | 83,374 | $6,122,465 |
| SIH | Sihayo Gold Limited | 0.003 | 20% | 428,988 | $30,510,640 |
| PAA | Pharmaust Limited | 0.24 | 17% | 1,118,059 | $81,161,803 |
| VAR | Variscan Mines Ltd | 0.007 | 17% | 106,530 | $2,274,002 |
| OLL | Openlearning | 0.015 | 15% | 73,007 | $3,482,298 |
Kava/ CBD supplement company Calmer Co. (ASX:CCO) says ecommerce sales are up 45% to $16,000 per day in May, with sales via major Aussie supermarket Coles also continuing to grow.
THC-infused beverage stock Althea Group (ASX:AGH) says it will make revenues of $50-60m in FY25, which translates to EBITDA of $4-7m.
Metallurgical test work indicates a high grade 68.3% iron grade magnetite concentrate is readily achievable just through simple, low cost grinding at Magnum Mining & Exploration’s (ASX:MGU) Buena Vista project in Nevada.
And clinical stage biotech PharmAust (ASX:PAA) says updated analysis indicates its drug monepantel (MPL) continued to slow the rate of disease progression in patients with MND/ALS.
“These results provide an exciting backdrop ahead of the anticipated commencement of the pivotal adaptive Phase 2/3 STRIKE study in H2 2024,” MD Dr Mike Thurn says.
Amongst the larger winners was $9.5bn capped Treasury Wine Estates (ASX:TWE), which reaffirmed FY24 EBITS (earnings before interest and tax) guidance at an investor day in California.
LOSERS
Stocks highlighted in yellow made market-moving announcements (click headings to sort).
| Security | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| VPR | Volt Power Group | 0.001 | -33% | 7,243 | $16,074,312 |
| CLZ | Classic Min Ltd | 0.003 | -25% | 484 | $1,634,340 |
| SKN | Skin Elements Ltd | 0.003 | -25% | 39,700 | $2,357,944 |
| TMK | TMK Energy Limited | 0.003 | -25% | 483,393 | $27,646,448 |
| 88E | 88 Energy Ltd | 0.002 | -20% | 4,440,417 | $72,231,680 |
| BUX | Buxton Resources Ltd | 0.08 | -18% | 235,708 | $16,936,623 |
| BCT | Bluechiip Limited | 0.005 | -17% | 26,400 | $6,604,601 |
| EDE | Eden Inv Ltd | 0.0025 | -17% | 218,139 | $11,034,813 |
| ASR | Asra Minerals Ltd | 0.006 | -14% | 12,291,042 | $11,647,970 |
| BFC | Beston Global Ltd | 0.003 | -14% | 42,387 | $6,989,664 |
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