Top 10 at 11: Drug breakthrough, fresh drilling and a gas sale are today’s morning news
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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. 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.
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.
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 |
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.