Top 10 at 10: The frantic ASX stocks flailing on Friday
Film still of actor Lon Chaney being held at gunpoint, in a scene from the movie 'Mockery', 1927. (Photo by Archive Photos/Moviepix/Getty Images)
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 commenced trading.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| OEX | Oilex Ltd | 0.004 | 14% | 126,991 | $25,087,267.46 |
| SCL | Schrole Group Ltd | 0.008 | 14% | 180,000 | $12,175,892.68 |
| BAT | Battery Minerals Ltd | 0.009 | 13% | 195,000 | $18,779,716.57 |
| BYH | Bryah Resources Ltd | 0.051 | 11% | 1,296,984 | $10,405,530.05 |
| FRM | Farm Pride Foods | 0.16 | 10% | 3,162 | $8,001,125.38 |
| VKA | Viking Mines Ltd | 0.011 | 10% | 100,000 | $10,252,584.31 |
| NZK | NZK Salmon Ltd | 0.24 | 9% | 9,830 | $30,940,294.66 |
| LCT | Living Cell Tech. | 0.006 | 9% | 830 | $5,656,000.48 |
| GMN | Gold Mountain Ltd | 0.007 | 8% | 1,000,000 | $7,755,469.61 |
| TEE | Topendenergylimited | 0.285 | 8% | 1,041,222 | $9,540,000.27 |
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| AMS | Atomos | 0.3 | -50% | 6,282,615 | $133,410,951.00 |
| ARE | Argonaut Resources | 0.003 | -25% | 350,000 | $14,424,819.13 |
| OVN | Oventus Medical Ltd | 0.017 | -23% | 158,676 | $5,317,983.77 |
| IAM | Income Asset | 0.15 | -17% | 545,599 | $49,719,747.78 |
| NVU | Nanoveu Limited | 0.021 | -16% | 165 | $5,393,445.18 |
| PGY | Pilot Energy Ltd | 0.022 | -15% | 733,889 | $13,114,148.11 |
| BKT | Black Rock Mining | 0.235 | -15% | 2,651,865 | $239,911,103.85 |
| AUH | Austchina Holdings | 0.0095 | -14% | 5,593,744 | $22,063,375.31 |
| BGT | Bio-Gene Technology | 0.195 | -13% | 43,483 | $39,832,496.78 |
| MLM | Metallica Minerals | 0.0295 | -13% | 517,643 | $22,641,496.44 |
Spearheading the early trade bloodbath is video tech company Atomos (ASX:AMS) which downgraded guidance on the worst possible day.
“Slower than expected sales occurred in the first four months of the 2022 calendar year due to a change in marketing approach and lower promotional activity,” it says.
FY22 revenue is now expected to be $80m – $90m, and EBITDA margin is now expected to be 6% – 8%.
“Management has implemented strategies that may result in an outperformance to revised forecast revenue, however the Company believes it is prudent to update the market at this time.”
Graphite play Black Rock Mining (ASX:BKT) also fell after raising $25m at 24c per share – a reasonable 12.7% discount to the last closing price.
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