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Top 10 at 10: The popular ASX stocks rising above Monday’s madness
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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 |
|---|---|---|---|---|---|
| CAD | Caeneus Minerals | 0.004 | 33% | 4,457,000 | $16,036,815 |
| PRM | Prominence Energy | 0.002 | 33% | 1,650,000 | $3,636,913 |
| CLE | Cyclone Metals | 0.0025 | 25% | 675,200 | $12,233,474 |
| RIM | Rimfire Pacific | 0.011 | 22% | 135,000 | $16,256,203 |
| RCL | Readcloud | 0.18 | 20% | 307,050 | $17,964,738 |
| LSR | Lodestar Minerals | 0.006 | 20% | 127,910 | $8,692,187 |
| TSC | Twenty Seven Co. Ltd | 0.003 | 20% | 684,025 | $13,304,070 |
| AR3 | Austrare | 0.365 | 18% | 33,687 | $29,512,481 |
| HLX | Helix Resources | 0.007 | 17% | 100 | $13,938,875 |
| PAB | Patrys Limited | 0.022 | 16% | 3,896,026 | $39,082,995 |
Explorer Australian Rare Earths (ASX:AR3) has inked a non-binding offtake and technical collab deal with global REE processor Neo Performance Materials.
Cancer fighter Patrys (ASX:PAB) says results from a new study supports the potential to use deoxymabs to deliver small molecule therapeutics and gene editing technologies across the blood-brain barrier to treat various neurological targets and conditions.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| HIO | Hawsons Iron Ltd | 0.185 | -50% | 13,198,644 | $274,189,592 |
| WBE | Whitebark Energy | 0.001 | -50% | 180,000 | $12,929,772 |
| ARE | Argonaut Resources | 0.001 | -33% | 656 | $8,142,807 |
| NES | Nelson Resources. | 0.01 | -23% | 1,904,874 | $3,825,863 |
| NTL | New Talisman Gold | 0.002 | -20% | 73,600 | $7,818,063 |
| ABC | Adbri Limited | 1.515 | -18% | 2,375,194 | $1,200,834,701 |
| GMN | Gold Mountain Ltd | 0.005 | -17% | 135,700 | $8,898,895 |
| NTM | Nt Minerals Limited | 0.017 | -15% | 660,743 | $12,678,015 |
| ANR | Anatara Ls Ltd | 0.047 | -15% | 119,999 | $3,924,559 |
| CGC | Costa Group Holdings | 1.98 | -14% | 2,953,414 | $1,073,102,336 |
Not a good day to put bad news out to market.
Hawsons Iron (ASX:HIO) will slow work on a project bankable feasibility study due to “escalating global costs and deteriorating economic conditions”.
The BFS will not be completed by the end of December 2022, it says.
Low grade gold drilling results from Nelson Resources’ (ASX:NES) Woodline and Tempest projects failed to impress investors.
Construction materials and lime producer Adbri (ASX:ABC) today advises that Chief Executive Officer and Managing Director Nick Miller will be leaving the role.
ABC also said earnings have continued to be impacted by ongoing wet weather conditions affecting volume and cost, and an escalation of input and operational costs.
Another trading update came from fruit and veg grower Costa Group (ASX:CGC) which says adverse weather conditions — including both higher rainfall and cooler temperatures – have impacted citrus harvest quality.
This has resulted in considerably lower packouts as well as reduced volumes of first grade fruit for export.
“The effort to produce the crop in challenging conditions has also caused an increase in labour expenditure as well as higher spraying costs in relation to pest and disease control,” it says.
“The net outcome to date plus the forecast for the balance of the citrus season is expected to translate into full year EBITDA-S for the Citrus category that is considerably lower than previously forecast.”
