Pic via Getty Images.
Top 10 at 11: Gravity anomalies and gravy recipes are making the news today
News
share
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 – for better or worse – and then I do my best to make sense of who’s moving where and why it might be happening.
Anyway… here’s what’s been happening since the doors were opened this morning…
The ASX got off to a decent start this morning, opening around +0.7% higher after an unusual session on Wall Street overnight, with local InfoTech stocks struggling for traction while the rest of the market climbed.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Security | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| AUK | Aumake Limited | 0.003 | 50.0 | 1,787,291 | $3,828,814 |
| RML | Resolution Minerals | 0.003 | 50.0 | 200,000 | $3,220,044 |
| XGL | Xamble Group Limited | 0.028 | 40.0 | 226,494 | $5,923,142 |
| GCM | Green Critical Min | 0.004 | 33.3 | 126,250 | $4,159,755 |
| OAR | OAR Resources Ltd | 0.002 | 33.3 | 100,000 | $4,833,150 |
| PKO | Peako Limited | 0.004 | 33.3 | 1,434,160 | $1,581,254 |
| 88E | 88 Energy Ltd | 0.003 | 25.0 | 1,859,886 | $57,785,344 |
| HLX | Helix Resources | 0.003 | 25.0 | 8,889,041 | $6,528,387 |
| NGS | NGS Ltd | 0.005 | 25.0 | 13,979,475 | $1,632,723 |
| RNE | Renu Energy Ltd | 0.005 | 25.0 | 791,903 | $2,904,536 |
| SMM | Somerset Minerals | 0.005 | 25.0 | 100,000 | $4,123,995 |
Peako (ASX:PKO) was up this morning on the back of some housekeeping news, including the resignation of Geoff Albers, who will be replaced on the board by Gernot Abl who has been nominated to be non-executive chairman, at the conclusion of a non-renounceable 2 for 3 rights Issue at $0.003 per share.
US-based Nutritional Growth Solutions (ASX:NGS) climbed on news that it has signed a deal with local business The Healthy Chef, which was founded in Australia in 2006 by Teresa Cutter, a “nutritionist, wellness coach and celebrity chef”, to produce The Healthy Chef-branded food in the US and Canada.
And Somerset Minerals (ASX:SMM) – formerly Tempus Resources – was up on news of initial results from its ongoing Airborne Gravity Gradiometry (AGG) and Magnetic survey at the Prescott Base Metals Project in Nunavut, Canada. The company says it has identified a significant 4 km north-south gravity high at Miguel, which “could potentially be related to mineralisation from sedimentary-hosted copper deposit or a Mississippi Valley-type deposit.”
LAGGARDS
Stocks highlighted in red have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| EDE | Eden Inv Ltd | 0.001 | -50.0 | 50,000 | $7,427,417 |
| BEZ | Besragoldinc | 0.070 | -29.3 | 1,510,841 | $41,391,990 |
| ITM | Itech Minerals Ltd | 0.075 | -25.0 | 594,957 | $12,228,356 |
| AX8 | Accelerate Resources | 0.017 | -22.7 | 3,005,253 | $13,656,587 |
| MTL | Mantle Minerals Ltd | 0.002 | -20.0 | 11,000 | $15,493,615 |
| ADG | Adelong Gold Limited | 0.005 | -16.7 | 118,140 | $6,707,934 |
| AMD | Arrow Minerals | 0.003 | -16.7 | 8,172,106 | $31,618,095 |
| BNL | Blue Star Helium Ltd | 0.006 | -14.3 | 798,256 | $13,614,197 |
| OVT | Ovanti Limited | 0.006 | -14.3 | 1,698,096 | $8,680,738 |
| PXX | Polarx Limited | 0.012 | -14.3 | 5,617 | $28,706,755 |
| TMX | Terrain Minerals | 0.003 | -14.3 | 6,658,503 | $5,010,847 |
