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Top 10 at 10: Troubled lithium miners Core, Sayona shows signs of life
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Stockhead’s Top 10 at 10, published at ~10.40am 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 |
|---|---|---|---|---|---|
| NPR | Newmark Property | 1.325 | 37% | 119,508 | $176,198,848 |
| EDE | Eden Inv Ltd | 0.002 | 33% | 188,907 | $5,517,407 |
| KPO | Kalina Power Limited | 0.005 | 25% | 123,000 | $8,840,512 |
| NAE | New Age Exploration | 0.005 | 25% | 1,000,000 | $7,175,596 |
| HTG | Harvest Tech Grp Ltd | 0.016 | 23% | 312,500 | $9,177,523 |
| MSG | Mcs Services Limited | 0.018 | 20% | 330,000 | $2,971,495 |
| HT8 | Harris Technology Gl | 0.012 | 20% | 383,636 | $2,991,355 |
| TMR | Tempus Resources Ltd | 0.006 | 20% | 1,797,688 | $3,451,450 |
| CDT | Castle Minerals | 0.007 | 17% | 35,625 | $7,346,958 |
| NET | Netlinkz Limited | 0.007 | 17% | 642,857 | $23,118,599 |
Defence (not agri) firm Harvest Technology Group (ASX:HTG) received more orders for its Nodestream technology from a ‘Five-Eyes’ defence customer worth $380,000 up-front.
Online retailer Harris Technology Group (ASX:HT8) generated a net operating cash inflow of $235,000 in the December quarter, delivering consecutive quarters of positive operating cash flow.
And troubled lithium producers Sayona Mining (ASX:SYA) and Core Lithium (ASX:CXO) have bounced in early trade on no news. Dominant low cost spod miner Pilbara Minerals (ASX:PLS) is also on high single digit gains.
Is the market bottom upon us?
Market sentiment through futures #lithium carbonate prices in #China is generating upward price pressure on the Chinese spot market which, in turn, is contributing to the revival of Big 4 #lithium companies’ stock prices. Futures Li prices influence stock prices via spot prices. pic.twitter.com/40FhWIadI3
— Juan Carlos Zuleta (@jczuleta) January 23, 2024
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| NAN | Nanosonics Limited | 2.79 | -36% | 1,257,822 | $1,323,364,334 |
| DXN | DXN Limited | 0.001 | -33% | 1,000,000 | $3,230,010 |
| JAV | Javelin Minerals Ltd | 0.001 | -33% | 600,000 | $2,450,593 |
| ME1 | Melodiol Glb Health | 0.0015 | -25% | 13,885,333 | $9,833,237 |
| MRD | Mount Ridley Mines | 0.0015 | -25% | 200,400 | $15,569,766 |
| CCO | The Calmer Co Int | 0.006 | -14% | 142,857 | $6,002,466 |
| LPD | Lepidico Ltd | 0.006 | -14% | 2,200,194 | $53,468,156 |
| DOU | Douugh Limited | 0.004 | -11% | 243,350 | $4,869,310 |
| MEL | Metgasco Ltd | 0.008 | -11% | 25,050 | $9,574,981 |
| AMA | AMA Group Limited | 0.066 | -11% | 2,851,942 | $133,673,863 |
Infection prevention stock Nanosonics (ASX:NAN) says “hospital capital budgetary pressures” impacted revenues in H1 2024.
Total revenue for the December half is expected to be ~$79.6 million, representing a decrease of 2.4% compared with prior corresponding period (PCP).
Profit after tax will be $4.9m, down from $11.4m in the PCP.
