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 higher this morning, rising steadily to be 0.37% in the opening 15 minutes of the session. It’s mostly because US Fed chair Jerome Powell gave his annual address at Jackson Hole on Friday, and talked a big (if slightly confusing) game and now everyone in America is betting hard on a rate cut.

 

WINNERS

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

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Kalina Power (ASX:KPO) , a clean energy focused company, was up Monday morning on news that is has signed an MOU with a major US data centre developer to build AI-focused data centres in Alberta, Canada using natural gas with carbon capture. Kalina aims to capitalise on Alberta’s data centre boom and meet the growing electricity demand. The company says its low-CO2 power projects are well-suited to meet this demand.

Actinogen Medical (ASX:ACW) was also climbing early on Monday, after it announced on-going analysis of the XanaCIDD phase 2a depression trial data “found a consistent benefit of Xanamem treatment on symptoms of depression in a variety of different endpoints”, which the company says supports the conclusion that a 10 mg dose of the drug is clinically active in controlling brain cortisol and has clinically significant antidepressant activity.

Critical minerals and base metals explorer Iltani Resources (ASX:ILT) was up on news that it is commencing follow-up exploration at its high-grade Antimony Reward deposit, part of the Herberton project in Northern Queensland, where historic drilling has already delivered intercepts such as 3m @ 3.49% Sb from 62m including 2m @ 5.51% Sb from 62m downhole.

And Javelin Minerals (ASX:JAV) is celebrating a major boost to the Mineral Resource Estimate for its Coogee gold-copper project in Western Australia, which has ballooned by 158% to 3.65Mt @ 1.08 g/t Au for 126,685 ounces of gold and 1.01Mt @ 0.41% Cu containing 4,133t copper metal.

 

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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