Top 10 at 10: Which ASX gold and payment stocks are on a tear Tuesday?
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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 |
|---|---|---|---|---|---|
| GMN | Gold Mountain Ltd | 0.004 | 33% | 1,500,000 | $5,909,798 |
| MCT | Metalicity Limited | 0.002 | 33% | 501,700 | $5,256,809 |
| SIH | Sihayo Gold Limited | 0.0025 | 25% | 1,250,000 | $12,204,256 |
| WSR | Westar Resources | 0.062 | 24% | 4,470,488 | $5,559,711 |
| OFX | OFX Group Ltd | 1.89 | 23% | 677,451 | $375,143,184 |
| TSL | Titanium Sands Ltd | 0.011 | 22% | 400,000 | $12,657,581 |
| PFT | Pure Foods Tas Ltd | 0.16 | 21% | 137,324 | $14,540,539 |
| AL8 | Alderan Resource Ltd | 0.007 | 17% | 21,428 | $3,700,168 |
| OAU | Ora Gold Limited | 0.0035 | 17% | 11,027,345 | $11,810,775 |
| BAT | Battery Minerals Ltd | 0.004 | 14% | 1,000,235 | $11,749,298 |
Gold developer Sihayo Gold (ASX:SIH) saying using caustic leaching will be ”truly transformational” to its Starter Project.
Benefits include an 18% uplift in Life of Mine (LOM) gold production compared with 2022 Feasibility Study Update, and a 48% uplift in Post-Tax NPV.
Caustic leaching involves using sodium hydroxide (caustic soda) on the transitional and fresh mineralisation at a high pH (pH 13) prior to carbon in leach (CIL) gold recovery.
International money services provider OFX Group (ASX:OFX) reported net operating income (NOI) of $214.1m for the year ending March 31, up 45.6% on the prior corresponding period.
In FY24 OFX expects to grow NOI to between $225m and $243m.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| CLE | Cyclone Metals | 0.001 | -33% | 190,000 | $13,633,872 |
| IS3 | I Synergy Group Ltd | 0.007 | -30% | 5,000 | $2,890,804 |
| GNM | Great Northern | 0.0025 | -17% | 5,128,272 | $6,408,941 |
| SCU | Stemcell United Ltd | 0.003 | -14% | 1,874,577 | $4,496,554 |
| TYM | Tymlez Group | 0.006 | -14% | 9,569,900 | $7,645,367 |
| ARD | Argent Minerals | 0.009 | -10% | 608,979 | $11,764,812 |
| IXU | Ixup Limited | 0.04 | -9% | 10,000 | $45,561,678 |
| JCS | Jcurve Solutions | 0.04 | -9% | 2,511 | $14,447,111 |
| LSR | Lodestar Minerals | 0.005 | -9% | 165,000 | $10,138,685 |
| NIM | Nimyresourceslimited | 0.2 | -9% | 19,000 | $14,931,136 |
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