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Top 10 at 10: Tiny explorer announces US$70m payday, condom maker droops on poor guidance
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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 started trading.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| IDA | Indiana Resources | 0.082 | 100% | 18,035,730 | $21,962,719 |
| HFY | Hubify Ltd | 0.033 | 74% | 388,477 | $9,426,590 |
| AOA | Ausmon Resorces | 0.005 | 25% | 129,999 | $3,877,157 |
| AUK | Aumake Limited | 0.005 | 25% | 749,800 | $5,949,038 |
| OD6 | Od6Metalsltd | 0.28 | 24% | 388,264 | $12,378,487 |
| SFG | Seafarms Group Ltd | 0.006 | 20% | 503,578 | $24,182,996 |
| KAT | Katana Capital | 1.07 | 18% | 191 | $30,281,677 |
| NOU | Noumi Limited | 0.175 | 17% | 284,283 | $41,566,398 |
| EDE | Eden Inv Ltd | 0.0035 | 17% | 1,325,654 | $8,990,833 |
| OAR | OAR Resources Ltd | 0.0035 | 17% | 549,750 | $7,839,407 |
$10m capped minnow Indiana Resources (ASX:IDA) could be ~US$70m richer after the International Centre for Settlement of Investment Disputes, part of the World Bank, ordered Tanzania to pay US$109.5m ($160m) for the unlawful expropriation of the Ntaka Hill nickel project (IDA ~62% ownership) in 2018.
Will they pay up though? IDA and team is now moving “to the enforcement phase”.
Cyber security stock Hubify (ASX:HBY) is expected to deliver consolidated FY23 revenue (unaudited) of $25.72m, a record for the company and an increase of 8% on the prior year.
Importantly, it says, recurring revenue grew to 82% of total customer revenue on this record result.
OD6 Metals (ASX:OD6) says its flagship Splinter Rock project “is emerging as one of the largest and highest-grade clay-hosted rare earth resources in Australia” after unveiling a 344Mt @ 1,308ppm TREO maiden resource.
Less than 5% of targeted clay basin area is included.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| DXN | DXN Limited | 0.001 | -33% | 250,000 | $2,581,972 |
| MTL | Mantle Minerals Ltd | 0.001 | -33% | 17,600 | $9,221,169 |
| GTG | Genetic Technologies | 0.002 | -20% | 534,670 | $28,854,145 |
| MRI | Myrewardsinternation | 0.018 | -14% | 453,498 | $7,514,052 |
| ANN | Ansell Limited | 24.03 | -13% | 436,526 | $3,495,081,508 |
| CUF | Cufe Ltd | 0.015 | -12% | 315,338 | $16,423,910 |
| SYR | Syrah Resources | 0.79 | -11% | 2,349,298 | $625,205,400 |
| SPX | Spenda Limited | 0.009 | -10% | 125,000 | $36,501,861 |
| WCN | White Cliff Min Ltd | 0.01 | -9% | 2,545,982 | $13,506,371 |
| EMS | Eastern Metals | 0.064 | -9% | 15,000 | $4,657,788 |
Condom manufacturer Ansell Limited (ASX:ANN) says underlying earning per share (EPS) in FY23 will be at the low end of the original FY23 guidance range.
Statutory FY23 EPS will be in the range of US117¢ to US118¢, it says.
FY24 is looking poor — statutory EPS, including investment program costs, is expected to be in the range of US57¢ to US77¢.
