Top 10 at 10: Positive phase 1 trials and a $21m US govt contract

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