Droneshield's DroneGun MKIIITM.
Top 10 at 10: Multi-million dollar contracts have these ASX stocks winning on Wednesday
News
share
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 |
|---|---|---|---|---|---|
| MBX | Myfoodieboxlimited | 0.035 | 40% | 11,700 | $837,500 |
| FAU | First Au Ltd | 0.004 | 33% | 75,000 | $2,855,980 |
| MEB | Medibio Limited | 0.002 | 33% | 310,558 | $4,980,891 |
| EDE | Eden Inv Ltd | 0.005 | 25% | 201,603 | $10,844,921 |
| MCE | Matrix C & E Ltd | 0.28 | 22% | 311,346 | $33,596,429 |
| SKN | Skin Elements Ltd | 0.017 | 21% | 200,000 | $6,525,889 |
| TOY | Toys R Us | 0.036 | 20% | 849,152 | $25,892,600 |
| DRO | Droneshield Limited | 0.21 | 20% | 2,750,863 | $78,932,347 |
| BOC | Bougainville Copper | 0.32 | 19% | 115,561 | $108,286,875 |
| KNM | Kneomedia Limited | 0.014 | 17% | 104,333 | $16,245,424 |
Matrix Composites & Engineering (ASX:MCE) received a ~$44m purchase order from multi-national oilfield services company Saipem to supply a Subsea Umbilicals, Risers and Flowlines (SURF) product.
“We now have approximately $77 million of secured work carrying us through until at least the end of FY24, which gives us a strong financial platform as we continue to enhance our diversification in the energy and resources sectors, as well as broadening our capabilities into clean energy renewables,” CEO Aaron Begley says.
DroneShield (ASX:DRO) also received a new order for several different types of anti-drone gear worth ~$11m.
This large contract win from a Government agency follows a number of other recent wins for DroneShield in last couple of months, it says.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| MGG | Mogul Games Grp Ltd | 0.001 | -33% | 2,348 | $4,895,162 |
| SYM | Symbio Holdings Ltd | 1.95 | -24% | 144,318 | $217,189,284 |
| WOO | Wooboard Tech Ltd | 0.007 | -22% | 26,058 | $1,976,132 |
| RMX | Red Mount Min Ltd | 0.004 | -20% | 50,000 | $9,941,744 |
| LGM | Legacy Minerals | 0.15 | -17% | 28,500 | $8,242,344 |
| 99L | 99 Loyalty Ltd. | 0.01 | -17% | 11,111 | $13,916,193 |
| SI6 | SI6 Metals Limited | 0.006 | -14% | 928 | $10,467,762 |
| IPB | IPB Petroleum Ltd | 0.007 | -13% | 400,000 | $3,650,959 |
| EX1 | Exopharm Limited | 0.06 | -12% | 165,264 | $10,690,384 |
| CNJ | Conico Ltd | 0.008 | -11% | 2,000,392 | $13,094,713 |
