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Top 10 at 11: Antimony, cannabis crops and molybdenum are making headlines today
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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.
Briefly, here’s what’s been happening already this morning: Local markets have opened slightly lower this morning, as earnings season continues and a number of the bourse’s big names deliver news of their bottom lines. Within minutes, the ASX 200 benchmark dropped 0.3%, while Energy and InfoTech shares saw a brisk sell-off in the opening moments of the session.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| FXG | Felix Gold Limited | 0.084 | 68.0 | 5,514,167 | $12,776,542 |
| WIN | WIN Metals | 0.04 | 33.3 | 342,681 | $9,898,188 |
| ECS | ECS Botanics Holding | 0.017 | 30.8 | 3,232,319 | $16,751,144 |
| CRR | Critical Resources | 0.0115 | 27.8 | 3,650,000 | $16,023,153 |
| ESR | Estrella Res Ltd | 0.005 | 25.0 | 378,400 | $7,037,487 |
| LPD | Lepidico Ltd | 0.0025 | 25.0 | 547,979 | $17,178,250 |
| SHO | Sportshero Ltd | 0.005 | 25.0 | 4,483,111 | $2,471,331 |
| VML | Vital Metals Limited | 0.0025 | 25.0 | 2,894,922 | $11,790,134 |
| CBY | Canterbury Resources | 0.037 | 23.3 | 258,297 | $5,923,227 |
| CCX | City Chic Collective | 0.125 | 22.0 | 9,173,371 | $35,930,426 |
Felix Gold (ASX:FXG) was climbing well on Wednesday morning, after the company announced exceptional high-grade antimony assay results from drilling at its Treasure Creek project, after re-testing samples that had previously been assayed for gold. Historic drill samples returned antimony results including 3.0m @ 14.24% Sb from 7.62m, and 15.2m @ 5.5% Sb from 21.3m including 6.1m @ 13% Sb.
WIN Metals (ASX:WIN) was up after announcing plans to acquire the Palm Springs Gold Project in the Kimberley region of Western Australia from Meteoric Resources via a tenement sale agreement, which boasts an already established high-grade mineral resource of some 357,000oz (5.6Mt @ 2.0g/t) of gold based around two resource area, and produced 52,000oz produced between 1995 and 1997.
ECS Botanics (ASX:ECS) announced its annual results, showing revenue of $20.5 million – up 31% on pcp, delivering NPAT of 2.0 million, up a bumper 305% on pcp. The company was also celebrating a bumper crop 6.6 tonnes, up 57% on pcp with sell-through initiatives in place, and has begun construction on 9 new Protective Crop Enclosures.
Canterbury Resources (ASX:CBY) gained Wednesday morning on news of “outstanding” drilling results from large-scale Briggs copper-molybdenum project in central Queensland, including a bumper 276m at 0.45% Cu and 24ppm Mo from surface, with around 50% of that mineralisation occurring beyond the current boundary of the site’s existing inferred mineral resource.
City Chic Collective (ASX:CCX) was up after announcing FY24 sales revenue of $131.6m (down 28.3% on FY23), which has led to an underlying EBITDA loss of $8.4m, which is a 47.3% improvement on FY23 and 9.8% ahead of proforma forecast, and also the departure of the company’s Chief Financial Officer Peter McClelland, who is leaving the company in mid-October.
LAGGARDS
Stocks highlighted in red have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| FHE | Frontier Energy Ltd | 0.26 | -42.9 | 998,751 | $203,283,499 |
| AMD | Arrow Minerals | 0.002 | -33.3 | 214,042,172 | $31,618,095 |
| FGH | Foresta Group | 0.004 | -20.0 | 3,693,968 | $11,776,895 |
| TFL | Tasfoods Ltd | 0.013 | -18.8 | 569,046 | $6,993,528 |
| AVE | Avecho Biotech Ltd | 0.0025 | -16.7 | 500,000 | $9,507,891 |
| JAV | Javelin Minerals Ltd | 0.0025 | -16.7 | 327,500 | $12,830,539 |
| ADH | Adairs Limited | 1.745 | -14.9 | 1,073,830 | $358,099,691 |
| SWF | Selfwealth | 0.115 | -14.8 | 140,879 | $31,349,786 |
| DTR | Dateline Resources | 0.006 | -14.3 | 7,800,000 | $15,541,259 |
| PAB | Patrys Limited | 0.006 | -14.3 | 20,000 | $14,402,131 |
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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