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Top 10 at 10: NVIDA’s warm glow has this stock soaring 100% in 3 days
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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 |
|---|---|---|---|---|---|
| AOA | Ausmon Resorces | 0.003 | 50% | 400,283 | $2,117,999 |
| RR1 | Reach Resources Ltd | 0.004 | 33% | 625,000 | $9,835,977 |
| AL8 | Alderan Resource Ltd | 0.005 | 25% | 240,000 | $4,427,445 |
| GCM | Green Critical Min | 0.005 | 25% | 121,609 | $4,546,340 |
| KOR | Korab Resources | 0.01 | 25% | 173,000 | $2,936,400 |
| FLX | Felix Group | 0.18 | 24% | 35,000 | $29,652,458 |
| SNS | Sensen Networks Ltd | 0.029 | 21% | 20,000 | $18,563,412 |
| MAG | Magmatic Resrce Ltd | 0.078 | 18% | 262,680 | $25,188,171 |
| SCL | Schrole Group Ltd | 0.195 | 18% | 122,345 | $5,932,583 |
| MEL | Metgasco Ltd | 0.007 | 17% | 260,000 | $6,383,320 |
Pentanet’s (ASX:5GG) run continues after the cloud gaming stock upgraded its Gen 3 cloud infrastructure with NVIDIA L40 GPUs, to bring Pentanet into the NVIDIA Graphics Delivery Network (GDN).
GDN, available in over 130 countries, “taps NVIDIA’s global cloud-to-edge streaming infrastructure to deliver smooth, high-fidelity, interactive experiences”, it says.
In 2023, NVIDA became the 7th public US company to be valued over one trillion dollars. It is currently the third most valuable company on the globe after Microsoft and Apple, with a market cap of US$2.21trn.
IP geophysics — which identifies the electrical chargeability of subsurface materials, such as ore — has uncovered “wide manganese bands” up to 250m deep and 140m wide at Mako Gold’s (ASX:MKG) Korhogo project in Côte d’Ivoire.
“It is … very encouraging that the IP anomalies are strong to depths of 250m and that 4 of the 5 IP anomalies are over 100m in width,” says MD Peter Ledwidge.
“This increases our confidence that we have discovered what could potentially be a world class manganese deposit that extends for 8km along strike and could extend to at least 250m in depth.”
And training software firm Schrole (ASX:SCL) says Human Resources (HR) software sales in January and February surged 190% and 1392%, respectively, on the same period last year.
Total software sales year to date are up 144% on the same time last year.
LOSERS
Stocks highlighted in yellow made market-moving announcements (click headings to sort).
| Code | Company | Last | % | Volume | Market Cap |
|---|---|---|---|---|---|
| SIH | Sihayo Gold Limited | 0.001 | -33% | 55,000 | $18,306,384 |
| KPO | Kalina Power Limited | 0.004 | -20% | 8,946,469 | $11,050,640 |
| ROG | Red Sky Energy. | 0.004 | -20% | 7,142 | $27,111,136 |
| OLH | Oldfields Holdings | 0.09 | -18% | 18,712 | $21,973,154 |
| ABE | Ausbondexchange | 0.022 | -15% | 56,724 | $2,929,371 |
| RNX | Renegade Exploration | 0.006 | -14% | 45,355 | $7,025,688 |
| T3D | 333D Limited | 0.006 | -14% | 13,872 | $836,115 |
| PBL | Parabellumresources | 0.054 | -13% | 25,000 | $3,862,600 |
| POS | Poseidon Nick Ltd | 0.007 | -13% | 19,342,579 | $29,708,278 |
| BEO | Beonic Ltd | 0.022 | -12% | 10,000 | $10,612,374 |
Poseidon Nickel’s (ASX:POS) decision to sell its Lake Johnson nickel project for $15m in staged payments, announced yesterday, was unpopular with the market.
As is today’s announcement, which will see “strong operator” Craig Johnson depart as CEO as POS makes the “shift back to exploration and the continued focus on cost reduction”.
