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 are off to a wobbly start again this morning, with the benchmark plunging 33 points in the opening minutes of the session, in the absence of a lead-in from Wall Street because it was Labor Day yesterday, and New York was on holiday. The ASX 200 was around -0.3% as the first hour of trade drew to a close.

 

WINNERS

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

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Golden Deeps (ASX:GED) was moving very quickly on Monday morning, after the company announced what looks like a major find at its Havilah Project in the Lachlan Fold Belt Copper-Gold Province of NSW. Portable pXRF readings – which, it should be noted, are broadaly indicative only – suggest that the company has drilled into 80m of semi-massive copper and zinc sulphides, with readings of up to 18.5% Cu and 34.8% Zn.

The drill cores have been sent for assaying, and should be back in 3-6 weeks, the company says, while drilling continues to explore the site, testing the Hazelbrook anomaly 200m along strike to the northeast.

And Noxopharm (ASX:NOX) was also moving well on Tuesday morning, after the company announced substantial progress on its Chroma technology platform, with encouraging brain cancer results plus early work on leukaemia. The company says that two novel drugs developed from the Chroma platform, known as CRO-70 and CRO-71, “significantly reduced the growth of glioblastoma explants by an average of 75.94% and 75.87% respectively versus the untreated controls”.

Further down the list, Knosys (ASX:KNO) was rising gently on news that the Office of the Director of Public Prosecutions for Western Australia has awarded a five year contract for the use of Knosys’ market leading knowledge management platform, KnowledgeIQ, with two options of one year each to extend the contract to a total term of seven years.

And PolarX (ASX:PXX) has intersected more copper at its Caribou Dome prospect in Alaska, drilling into 15.5m @ 7.4% Cu + 21.4 g/t Ag, including 8.1m @ 11.4% Cu and 35.8g/t Ag, with extensional drilling, underneath the previously reported finds of 9.1m @ 7.0% Cu + 11.2 g/t Ag and 9.8m @ 6.8% Cu + 7.8 g/t Ag from surface.

 

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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