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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. Early figures coming in has shown the market has slipped on Tuesday, following the lead of New York overnight which recorded a 1.5%–1.75% fall.
Wall St fell as traders weighed the impact of protests across China, while there was more hawkish sentiment coming out of the US Federal Reserve.
Fed Bank of St Louis president James Bullard said the market might be underestimating the probability of more and larger rate hikes. His New York counterpart said the Fed needs to step up its game to curb inflation.
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| MAP | Microba Life Sciences | 0.34 | 55% | 1,368,409 | $49,791,870 |
| CCE | Carnegie Cln Energy | 0.002 | 33% | 1,549,852 | $23,463,861 |
| RBR | RBR Group Ltd | 0.004 | 33% | 170,000 | $3,880,508 |
| SRR | Sarama Resources | 0.125 | 30% | 121,134 | $3,759,986 |
| GLV | Global Oil & Gas | 0.0025 | 25% | 45,954 | $4,571,709 |
| ADX | ADX Energy Ltd | 0.0075 | 15% | 3,176,181 | $22,782,693 |
| TNY | Tinybeans Group Ltd | 0.265 | 15% | 510 | $14,040,234 |
| EWC | Energy World Corporation | 0.055 | 15% | 99,090 | $125,190,465 |
| USQ | US Student Housing REIT | 1.15 | 14% | 2,509 | $55,818,924 |
| CAD | Caeneus Minerals | 0.004 | 14% | 31,500 | $18,709,618 |
Microba Life Sciences (ASX:MAP) has seen its share price spike after diagnostic services giant Sonic Healthcare (ASX:SHL) announced it had agreed to invest $17.8 million to acquire a 19.99% shareholding in the company.
In addition, Sonic is seeking to acquire options for an additional 5% equity position, subject to approval by Microba’s shareholders.
Sarama Resources (ASX:SRR) has announced that exploration drilling at its 100% owned Sanutura Projects has intersected new high-grade mineralisation and identified extensions to selected lodes at the MM prospect within the Tankoro Deposit.
The new mineralisation is located near-surface in oxide material outside the current Mineral Resources and has potential to enhance open pit stripping ratios in any eventual mine development.
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| TSCDA | Twenty Seven Co. Ltd | 0.05 | -33% | 5,000 | $7,982,441.70 |
| NTL | New Talisman Gold | 0.001 | -33% | 250,000 | $4,690,838.04 |
| WFL | Wellfully Limited | 0.014 | -26% | 7,173,607 | $7,259,089.06 |
| VPR | Volt Power Group | 0.0015 | -25% | 251,083 | $21,432,416.42 |
| SIH | Sihayo Gold Limited | 0.002 | -20% | 83,957 | $15,255,320.23 |
| CKF | Collins Foods Ltd | 8.59 | -14% | 490,700 | $1,176,622,770.12 |
| NZS | New Zealand Coastal | 0.003 | -14% | 1,094,626 | $3,944,517.61 |
| VAL | Valor Resources Ltd | 0.006 | -14% | 145,714 | $26,082,243.53 |
| FND | Findi Limited | 0.5 | -14% | 152,883 | $17,912,494.96 |
| AHN | Athena Resources | 0.007 | -13% | 3,022,843 | $6,963,740.46 |
Collins Foods (ASX:CKF) reported a statutory net profit after tax (NPAT) of $11 million for the half year ended October 16, down from the $26.4 million reported in the prior corresponding periond (pcp).
The result including $11.9 million after tax non-cash impairment of eight Taco Bell restaurants. Collins Foods either operates or franchises restaurants from three brands including KFC, Sizzler and Taco Bell. The company said revenue was up 15% ato $614.3 million with growth across all business units.
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