Top 10 at 10: Why is this cloud gaming stock up 100% in two days?
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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.
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Code | Company | Price | % | Volume | Market Cap |
---|---|---|---|---|---|
5GG | Pentanet | 0.24 | 45% | 1,093,975 | $48,808,768 |
CRS | Caprice Resources | 0.066 | 38% | 455,852 | $4,933,399 |
ARE | Argonaut Resources | 0.0025 | 25% | 379,416 | $12,723,743 |
CLZ | Classic Min Ltd | 0.0025 | 25% | 1,598,277 | $2,532,188 |
ENT | Enterprise Metals | 0.01 | 25% | 1,737,788 | $5,640,646 |
MDX | Mindax Limited | 0.08 | 23% | 427,350 | $129,548,814 |
EDE | Eden Inv Ltd | 0.006 | 20% | 5,826,522 | $14,657,222 |
PUA | Peak Minerals Ltd | 0.006 | 20% | 33,333 | $5,206,883 |
XTC | Xantippe Res Ltd | 0.006 | 20% | 15,000,982 | $52,900,498 |
ADY | Admiralty Resources. | 0.007 | 17% | 66,000 | $7,821,475 |
Another big news day for cloud gaming stock Pentanet (ASX:5GG) which has inked a deal with Optus to deliver the NVIDIA GeForce NOW cloud gaming service to Optus customers.
Yesterday it announced a plan to roll out 5G powered by Cambium Networks in a Network-as-a-Service (NaaS) agreement.
5GG says the proposal provides a flexible way to deploy 5G network infrastructure without the need for upfront CAPEX costs.
The ~$50m capped stock is up 100% since yesterday morning.
Explorer Caprice Resources (ASX:CRS) is hitting high grade base metals in drilling at the Northampton polymetallic project, including a highlight 14m at 7.6% lead, 1.1% zinc and 3.1 g/t silver from 39m.
And drilling is underway at Enterprise Metals’ (ASX:ENT) Mandilla lithium-gold project in WA.
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Code | Company | Price | % | Volume | Market Cap |
---|---|---|---|---|---|
GTG | Genetic Technologies | 0.003 | -25% | 215,000 | $46,166,633 |
CT1 | Constellation Tech | 0.005 | -17% | 40,833 | $8,827,202 |
WC1 | Westcobarmetals | 0.13 | -16% | 537 | $13,389,480 |
MRQ | Mrg Metals Limited | 0.003 | -14% | 200 | $6,950,715 |
SIX | Sprintex Ltd | 0.037 | -12% | 25,000 | $10,682,882 |
EX1 | Exopharm Limited | 0.015 | -12% | 100,000 | $2,672,596 |
DRO | Droneshield Limited | 0.335 | -11% | 2,817,190 | $182,740,744 |
MP1 | Megaport Limited | 5.16 | -10% | 880,071 | $907,886,897 |
RMI | Resource Mining Corp | 0.065 | -10% | 3,138 | $37,850,937 |
KRM | Kingsrose Mining Ltd | 0.059 | -9% | 366,750 | $48,914,224 |
Droneshield (ASX:DRO) has raised a total $40.3m via placement and SSP at 30c per share for “growth through a faster scale-up of inventory for near-term sales, growth of key parts of the team, and general working capital”.
And long time Megaport (ASX:MP1) CEO Vincent English has resigned, effective immediately.
Chairman and founder Bevan Slattery will be appointed as the interim CEO while an executive search is undertaken.