Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, which is meant to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms that have made announcements.

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading. Here’s what’s happened so far.

Pre-market, the ASX was expected to open higher after Wall Street reached yet another record high.

The headlines this morning are mostly about a couple of unfolding dramas – the ATO is reportedly looking into Mineral Resources (ASX:MIN) boss Chris Ellison’s tax affairs, and WiseTech Global (ASX:WTC) founder Richard White sold off about $140 million of his holding in the company, as he appears to be building a warchest to defray the costs for alleged affairs of a different sort to Ellison’s.

By 10.30 the writing was on the wall for Wisetech – it was down more than 16%, dragging the entire InfoTech sector with it.

InfoTech was down about 3.3% this morning, while the rest of the market was doing quite well, and the ASX 200 was up around 0.8% last time I looked.

 

WINNERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).

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Yandal Resources (ASX:YRL) was rising quickly on news that the first assay results from the twelve hole, 2,400m RC program completed across New England Granite structural targets in early October have been received. The results showed 78m @ 1.2 g/t Au from 96m to end-of-hole in 24IWBRC0039, including 5m @ 3.2g/t Au from 102m, and 5m @ 2.8g/t Au from 139m. The remaining results from this drill program are expected over the next 2-4 weeks.

Vection Technologies (ASX:VR1) was rising on news that it has partnered with IT giant Dell to launch its AI-based ‘Algho’ platform, securing its first sale of $500,000. The company says the launch is “testament to the value and potential of Vection’s acquisition of TDB” – the acquisition TDB, which supplied the generative AI layer which powers Vection’s ‘Algho’ platform, goes before shareholders for approval on Monday 28 October.

Carnavale Resources (ASX:CAV) was up on news that it has commenced an extensional drilling program at the high-grade Swiftsure deposit within the Kookynie Gold Project is underway, testing extensions to the Swiftsure bonanza gold grade shoots that contain zones of +30g/t within the resource. The company says it will monitor the drilling carefully and modify the program to chase the best mineralisation as it is encountered.

Environmental Clean Technologies (ASX:ECT) is up on news of the signing of a Joint Venture Agreement with ESG Agriculture, advancing from the Heads of Agreement signed in July 2024. The company says it marks a significant milestone in the progression of the COLDry Lignite-Nitrogen Fertiliser Project.

TMK Energy (ASX:TMK) was up on news that the first of the three additional pilot production wells at the Gurvantes XXXV Coal Seam Gas (CSG) Project, being drilled as part of the 2024 drilling program, has been successfully drilled to a total depth of 480m and has intersected approximately 60m of net coal, which is “as per prognosis and consistent with the existing three surrounding pilot production wells”.

 

LAGGARDS

Stocks highlighted in red have made market-moving announcements (click headings to sort).

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This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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