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Top 10 at 10: Who’s making friends with oil giant Aramco?
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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 |
|---|---|---|---|---|---|
| A3D | Aurora Labs Limited | 0.032 | 52% | 8,209,195 | $5,161,969 |
| PRM | Prominence Energy | 0.0015 | 50% | 600,000 | $2,424,609 |
| GGE | Grand Gulf Energy | 0.012 | 33% | 7,144,635 | $14,942,223 |
| EMU | EMU NL | 0.0025 | 25% | 120,507 | $2,900,043 |
| DCX | Discovex Res Ltd | 0.003 | 20% | 1,595,363 | $8,256,420 |
| THR | Thor Energy PLC | 0.006 | 20% | 100,000 | $7,368,064 |
| CTN | Catalina Resources | 0.0035 | 17% | 866,658 | $3,715,461 |
| DOU | Douugh Limited | 0.008 | 14% | 2,814,749 | $6,887,289 |
| LNU | Linius Tech Limited | 0.004 | 14% | 125,000 | $12,561,587 |
| RDN | Raiden Resources Ltd | 0.004 | 14% | 14,667 | $6,491,039 |
3D printing stock Aurora Labs (ASX:A3D) has signed a non-binding Memorandum of Understanding with US$2tn-capped Saudi Arabian oil giant Aramco.
“We are encouraged to see Aramco recognising the supply chain benefits metal 3D printing can deliver through localised production,” A3D boss Pete Snowsill says.
An independent review confirms significant helium flow potneial at Grand Gulf Energy’s (ASX:GGE) Jesse-1A well, part of the 10.6bcf Red Helium project in Utah.
“The Company is highly encouraged by the modelling results indicating reservoir with the potential for significant helium flow in the Jesse-1A well and surrounding area,” MD Dane Lance says.
“The Company now has a range of opportunities across the Red Helium project, and we look forward to being back in the field to confirm the modelling results with a successful flow test.
“The compelling fundamental commercial and midstream pillars of the Red Helium Project remain unchanged and are in fact enhanced by the 1% helium sample at Jesse-1A which greatly exceeded pre-drill expectation.
“The Company has the ability to quickly monetise a commercial well to generate near term free cash flow with minimal time and cost in an extremely buoyant helium market.”
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| AXP | AXP Energy Ltd | 0.001 | -50% | 100,000 | $11,649,361 |
| ADS | Adslot Ltd. | 0.003 | -25% | 212,000 | $8,817,394 |
| OAR | OAR Resources Ltd | 0.003 | -25% | 128,000 | $9,644,152 |
| ADH | Adairs Limited | 1.53 | -19% | 1,526,656 | $326,201,101 |
| HIQ | Hitiq Limited | 0.019 | -17% | 29,012 | $5,692,878 |
| NZS | New Zealand Coastal | 0.0025 | -17% | 7,750,000 | $4,962,030 |
| AGN | Argenica | 0.355 | -16% | 25,775 | $27,326,012 |
| CI1 | Credit Intelligence | 0.15 | -14% | 25,000 | $14,612,353 |
| AJQ | Armour Energy Ltd | 0.003 | -14% | 72,375 | $17,224,697 |
| AVM | Advance Metals Ltd | 0.007 | -13% | 21,428 | $4,708,470 |
Home furnishings company Adairs (ASX:ADH) says after a solid sales performance in 1H FY23, the impact of rising interest rates and higher cost of living has created a more subdued trading environment since April with lower traffic observed both in stores and online.
