Top 10 at 11: Drug breakthrough, fresh drilling and a gas sale are today's morning news

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 lower, following a red session on Wall Street overnight after US jobs figures came in softer than expected, casting some small doubt over the Fed’s next move on interest rates.

At 8am, the ASX Futures index was pointing 0.04% lower, and b y 10:20am the benchmark was down 0.1%.

Energy stocks will be on the radar today, after Brent crude prices spiked 3.3% overnight to more than US$79.10/bbl, thanks to Hurricane Milton bearing down on the Florida coast and causing a sales spike and a predicted slowdown in US production.

WINNERS

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

Security	Description	Last	%	Volume	MktCap
ATH	Alterity Therapeutics	0.004	33.3	300,000	$15,961,008
MTL	Mantle Minerals Ltd	0.002	33.3	1,714,677	$9,296,169
RNE	Renu Energy	0.002	33.3	27,820	$1,267,868
NAG	Nagambie Resources	0.018	28.6	805,130	$11,152,899
88E	88 Energy	0.003	25.0	213,473	$57,867,624
SMM	Somerset Minerals	0.005	25.0	100,000	$4,123,995
HIQ	HitIQ	0.027	22.7	477,201	$7,740,589
EWC	Energy World Corp	0.011	22.2	2,153,346	$27,710,291
FIN	FIN Resources	0.006	20.0	77,339	$3,246,344
BLU	Blue Energy	0.008	14.3	67,060	$12,956,815

Alterity Therapeutics (ASX:ATH) was up on news that the company has announced promising new data related to ATH434 – its candidate in the fight against neurodegenerative diseases – which has been presented at the Society for Neuroscience 2024 in Chicago. The company says that the poster it presented “demonstrates that the neuroprotective and mitochondrial protectant properties of ATH434 include reducing lipid damage in two distinct and disease-relevant neuronal injury models”.

Nagambie Resources (ASX:NAG) was rising on news that diamond drilling of the shallow high-grade gold-antimony orebody at the 100%-owned Nagambie Mine will recommence in early November, 2024. The company has previously announced that the four shallow gold-antimony lode systems included in the maiden Resource announced earlier this year are open at depth, and along strike, within Nagambie’s freehold land and Mining Licence.

Energy World Corporation (ASX:EWC) was up on news that the company has entered into a share purchase agreement with PT EMP Energi Jaya – a party related to PT Energi Maju Abadi – with respect to selling EWC’s 51% participating interest in the 2,925.2 km2 Sengkang Contract Area that EWC’s subsidiary Energy Equity Epic (Sengkang) holds, for US$35 million.

LAGGARDS

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

Code	Company	Price	%	Volume	Market Cap
NOV	Novatti Group	0.043	-26.5	1,166,629	$20,811,401
BNL	Blue Star Helium	0.003	-25.0	1,000,000	$9,724,426
EXL	Elixinol Wellness	0.004	-20.0	100,000	$7,800,356
TMK	TMK Energy	0.002	-20.0	463,530	$18,979,030
ANX	Anax Metals	0.015	-16.7	5,600,879	$12,502,851
NMT	Neometals	0.1	-16.7	1,388,675	$82,787,771
CGO	CPT Global	0.071	-15.5	1,200	$3,519,379
BXN	Bioxyne	0.011	-15.4	2,000,000	$26,606,390
EXT	Excite Technology	0.011	-15.4	3,651,750	$19,171,318
HOR	Horseshoe Metals	0.006	-14.3	250,000	$4,642,972