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Top 10 at 10: Who’s up 120% on a NVIDIA deal?
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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).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| 5GG | Pentanet | 0.1 | 100% | 12,483,580 | $18,686,361 |
| MCT | Metalicity Limited | 0.003 | 50% | 110,000 | $8,970,108 |
| RR1 | Reach Resources Ltd | 0.004 | 33% | 135,011 | $9,835,977 |
| ASP | Aspermont Limited | 0.012 | 33% | 1,970,000 | $22,100,712 |
| KAL | Kalgoorliegoldmining | 0.026 | 30% | 2,850,694 | $3,170,014 |
| ASR | Asra Minerals Ltd | 0.005 | 25% | 305,201 | $6,655,983 |
| CTO | Citigold Corp Ltd | 0.005 | 25% | 1,250,000 | $12,000,000 |
| IVX | Invion Ltd | 0.006 | 20% | 30,000 | $32,122,661 |
| MHC | Manhattan Corp Ltd | 0.003 | 20% | 820,000 | $7,342,449 |
Cloud gaming stock Pentanet (ASX:5GG) will extend the GeForce NOWTM Alliance Partner Agreement with NVIDIA to include New Zealand, with more to come.
5GG’s gaming segment maintained positive EBITDA and achieved an encouraging 52% QoQ paid membership growth in Q2FY24, up from 26% in the prior quarter.
Kalgoorlie Gold Mining (ASX:KAL) drilled into thick, shallow gold at the Kirgella Gift prospect, which shows early similarities to miner Ramelius Resources’ (ASX:RMS) nearby Rebecca project.
Highlights include 33m at 3.10g/t from 51m depth.
LOSERS
Stocks highlighted in yellow made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| TKL | Traka Resources | 0.001 | -50% | 200,000 | $3,501,317 |
| MRD | Mount Ridley Mines | 0.001 | -33% | 348,554 | $11,677,324 |
| MOM | Moab Minerals Ltd | 0.005 | -29% | 61,875 | $4,983,744 |
| 1MC | Morella Corporation | 0.003 | -25% | 25,020 | $24,715,198 |
| OPL | Opyl Limited | 0.022 | -21% | 3,898 | $4,735,610 |
| AVE | Avecho Biotech Ltd | 0.004 | -20% | 3,396,218 | $15,846,485 |
| ME1 | Melodiol Glb Health | 0.004 | -20% | 282,267 | $1,964,980 |
| SYR | Syrah Resources | 0.565 | -18% | 2,835,296 | $466,041,723 |
| ADD | Adavale Resource Ltd | 0.005 | -17% | 2,484,760 | $6,067,033 |
Battling graphite miner Syrah Resources (ASX:SYR) will raise ~$98m via placement and entitlement offer at 55c per share, a discount of 21.4% to SYR’s closing price of 70c per share on the ASX on 12 March.
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