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Top 10 at 10: Mosiac inks turnaround $17m profit in FY23 as people resume buying clothes
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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 |
|---|---|---|---|---|---|
| MOZ | Mosaic Brands Ltd | 0.245 | 53% | 657,175 | $28,535,637 |
| CCE | Carnegie Cln Energy | 0.002 | 33% | 990,025 | $23,463,861 |
| AMM | Armada Metals | 0.046 | 28% | 74,589 | $2,468,450 |
| AMD | Arrow Minerals | 0.005 | 25% | 9,116,360 | $12,095,060 |
| BP8 | Bph Global Ltd | 0.0025 | 25% | 866,107 | $2,669,460 |
| MRD | Mount Ridley Mines | 0.0025 | 25% | 1,498,333 | $15,569,766 |
| NZS | New Zealand Coastal | 0.0025 | 25% | 700,000 | $3,308,020 |
| GTG | Genetic Technologies | 0.003 | 20% | 2,461,265 | $28,854,145 |
| ROO | Roots Sustainable | 0.006 | 20% | 155,433 | $693,611 |
| CAV | Carnavale Resources | 0.007 | 17% | 2,541,666 | $16,401,310 |
Clothing retailer Mosaic Brands (ASX:MOZ) expects a $17m profit for FY23 – a $33m turnaround to the prior financial year loss of $16m.
“Whilst the Group remains cautious for FY24, it enters the new financial year with its cost base in the strongest position in over four years, as Covid related costs fall,” it says.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| MXC | Mgc Pharmaceuticals | 0.002 | -33% | 500,000 | $11,677,079 |
| OCT | Octava Minerals | 0.08 | -30% | 574,980 | $4,273,689 |
| HMI | Hiremii | 0.04 | -26% | 111,037 | $6,331,806 |
| AXP | AXP Energy Ltd | 0.0015 | -25% | 440,000 | $11,649,361 |
| ERL | Empire Resources | 0.004 | -20% | 35,000 | $5,564,675 |
| VAL | Valor Resources Ltd | 0.004 | -20% | 2,505,212 | $19,015,174 |
| TSL | Titanium Sands Ltd | 0.006 | -14% | 240,000 | $9,844,785 |
| ADY | Admiralty Resources. | 0.007 | -13% | 7,428 | $10,428,633 |
| INP | Incentiapay Ltd | 0.007 | -13% | 31,251 | $10,120,509 |
| TAS | Tasman Resources Ltd | 0.007 | -13% | 5,937 | $5,701,354 |
A maiden reconnaissance drilling program at Octava Minerals’ (ASX:OCT) Pinnacle Well lithium prospect – 10km from Global Lithium’s (ASX:GL1) 18Mt @ 1% Archer deposit – failed to hit paydirt.
Best intersections included 4m @ 0.066% lithium from 12m and 5m @ 0.043% Li from 60m.
