Top 10 at 10: Positive phase 1 trials and a $21m US govt contract
Pic: Via getty
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 | 0.0015 | 50% | 5,895,411 | $15,642,574 |
| MEB | Medibio Limited | 0.0015 | 50% | 50,105 | $5,150,594 |
| MX1 | Micro-X Limited | 0.15 | 43% | 3,111,533 | $54,224,624 |
| GLH | Global Health Ltd | 0.195 | 30% | 10,000 | $8,707,430 |
| HLX | Helix Resources | 0.006 | 20% | 84,166 | $11,615,729 |
| SFG | Seafarms Group Ltd | 0.006 | 20% | 1,668,560 | $24,182,996 |
| TIG | Tigers Realm Coal | 0.006 | 20% | 250,818 | $65,333,512 |
| AVE | Avecho Biotech Ltd | 0.007 | 17% | 12,765,316 | $12,972,982 |
| SI6 | SI6 Metals Limited | 0.007 | 17% | 700,000 | $8,972,368 |
| LGM | Legacy Minerals | 0.15 | 15% | 2,875 | $6,997,571 |
Medibio (ASX:MEB) reports “promising initial results” from a Phase 1 trial looking at relationship between mental illness and sleep.
The clinical trial aimed to detect the likelihood of a current major depressive episode in individuals referred to sleep clinics for PSG assessment.
Phase 2 enrolment set to complete shortly.
Micro-X (ASX:MX1) has been awarded an extension on its development contract with the U.S. Department of Homeland Security to build and test self-screening checkpoint modules in an operating airport.
The total contract extension is worth up to $21m (USD$14m) over 40 months.
Global Health (ASX:GLH) says it returned to positive cashflow in Q4 FY23.
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% | 2,700,819 | $11,677,079 |
| BKY | Berkeley Energia Ltd | 0.535 | -22% | 923,792 | $307,599,733 |
| BP8 | Bph Global Ltd | 0.002 | -20% | 1,000,000 | $3,336,824 |
| MRD | Mount Ridley Mines | 0.002 | -20% | 810,000 | $19,462,207 |
| MRQ | Mrg Metals Limited | 0.002 | -20% | 50,000 | $4,964,797 |
| TTT | Titomic Limited | 0.013 | -19% | 1,586,137 | $5,023,839 |
| TSL | Titanium Sands Ltd | 0.005 | -17% | 1,971,101 | $9,704,145 |
| MHK | Metalhawk. | 0.11 | -15% | 50,236 | $8,849,077 |
| GSR | Greenstone Resources | 0.014 | -13% | 1,980,044 | $19,504,998 |
| IBX | Imagion Biosys Ltd | 0.014 | -13% | 7,624,826 | $20,536,710 |
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