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Top 10 at 10: Whopping weapons orders and another record high gold price
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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 made market-moving announcements (click headings to sort).
| Security | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| NPM | Newpeak Metals | 0.04 | 264% | 7,403,018 | $1,099,469 |
| CLE | Cyclone Metals | 0.0015 | 50% | 21,064,500 | $10,471,172 |
| RMX | Red Mount Min Ltd | 0.0015 | 50% | 345,454 | $2,673,576 |
| SIX | Sprintex Ltd | 0.025 | 39% | 4,247,999 | $8,578,455 |
| JAV | Javelin Minerals Ltd | 0.002 | 33% | 250,000 | $3,264,346 |
| FHS | Freehill Mining Ltd. | 0.009 | 29% | 4,000,000 | $20,970,911 |
| AMD | Arrow Minerals | 0.005 | 25% | 4,068,565 | $37,918,825 |
| CTO | Citigold Corp Ltd | 0.005 | 25% | 2,595,484 | $12,000,000 |
| BFC | Beston Global Ltd | 0.006 | 20% | 1,453,588 | $9,985,234 |
| ESR | Estrella Res Ltd | 0.006 | 20% | 1,030,000 | $8,796,859 |
Defence manufacturer HighCom (ASX:HCL) receives a new order of ballistic products from a military customer worth A$4.7m.
Good news for HCL, which suffered a $13.4m loss in the December half “mainly due to the company not securing several large international orders in the Middle East”.
NewPeak Metals (ASX:NPM) finalises the sale of its share in a Finland gold project to a soon-to-be-listed Canadian company.
NPM receives CAD$500,000 cash, CAD$1m in shares of the listed company, and a milestone payment of CAD$1.5m in cash or shares on reporting of a 500,000oz gold resource.
Estrella Resources (ASX:ESR) uncovers a manganese host rock over 27km of strike at the Lautém project in Timor-Leste.
Meanwhile, larger gold stocks are surging alongside a new record high spot price, led by RED 5 (ASX:RED), Regis (ASX:RRL), Resolute (ASX:RSG), and Bellevue (ASX:BGL).
SPOT GOLD HITS RECORD HIGH OF $2,379.39 PER OUNCE
— First Squawk (@FirstSquawk) April 12, 2024
That’s a monstrous $3635/oz in Aussie dollar terms.
LOSERS
Stocks highlighted in yellow made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| MHC | Manhattan Corp Ltd | 0.002 | -33% | 1,810,000 | $8,810,939 |
| AXP | AXP Energy Ltd | 0.0015 | -25% | 134,681 | $11,649,361 |
| ZMM | Zimi Ltd | 0.023 | -21% | 48,149 | $3,572,454 |
| AVH | Avita Medical | 3.31 | -17% | 714,061 | $239,574,986 |
| HLX | Helix Resources | 0.005 | -17% | 720,000 | $13,938,875 |
| VRC | Volt Resources Ltd | 0.005 | -17% | 343,750 | $24,780,640 |
| ASR | Asra Minerals Ltd | 0.006 | -14% | 4,361,505 | $11,647,970 |
| GTR | Gti Energy Ltd | 0.006 | -14% | 400,013 | $14,349,630 |
| SHO | Sportshero Ltd | 0.006 | -14% | 189,881 | $4,324,830 |
| TMG | Trigg Minerals Ltd | 0.006 | -14% | 1,258,901 | $2,993,345 |
