Top 10 at 11: Local markets are driven by a couple of buyouts and not much else today
I can't talk to you right now, because I'm on the phone and also I am a baby bird. Pic via Getty Images.
Stockhead’s Top 10 at shortly-before-11-ish, published in a slightly hurried manner this morning because one of my neighbours is being evicted and it’s starting to look a lot like there could be a spot of biffo out in the street – which means, of course, I should pop outside right now or I’ll miss my chance to film it and post it on YouTube, make loads of money, buy a Lambo and promptly get de-platformed after all that stuff I said on Reddit 12 years ago resurfaces.
Top 10 highlights the best (and sometimes worst) performing ASX stocks in morning trade using live, fresh out of the deep-fryer data.
It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms.
The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| MTH | Mithril Resources | 0.002 | 100% | 35,390,259 | $3,368,804 |
| INP | Incentiapay Ltd | 0.009 | 50% | 44,000 | $7,590,382 |
| KNO | Knosys Limited | 0.04 | 25% | 50,614 | $6,916,438 |
| 5EA | 5Eadvanced | 0.4 | 21% | 553,474 | $100,318,937 |
| ME1 | Melodiol Glb Health | 0.006 | 20% | 88,531 | $14,736,602 |
| ROG | Red Sky Energy. | 0.006 | 20% | 219,250 | $26,511,136 |
| TTT | Titomic Limited | 0.019 | 19% | 20,000 | $13,857,507 |
| ELE | Elmore Ltd | 0.007 | 17% | 71,428 | $8,396,303 |
| EXL | Elixinol Wellness | 0.007 | 17% | 833,000 | $3,758,896 |
| NET | Netlinkz Limited | 0.007 | 17% | 1,092,629 | $21,183,170 |
Mithril Resources (ASX:MTH) – up on a large volume spike, but no fresh news.
5E Advanced Materials (ASX:5EA) – up on news that the company has been given US EPA approval to conduct step-rate testing under its existing permit.
Kinetiko Energy (ASX:KKO) – up on yesterday’s news that it’s finalised the acquisition of Afro Energy.
Symbio Holdings (ASX:SYM) – up after Superloop (ASX:SLC) delivered an Improved, Best and Final Offer for 100% of Symbio, a 50:50 cash and scrip consideration of $2.85 per share.
White Cliff Minerals (ASX:WCN), Red Sky Energy (ASX:ROG) and IncentiaPay (ASX:INP) – up on no news.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| CHR | Charger Metals | 0.145 | -24% | 1,333,761 | $11,801,730 |
| LNU | Linius Tech Limited | 0.002 | -20% | 9,814 | $10,574,477 |
| TNY | Tinybeans Group Ltd | 0.12 | -17% | 825 | $12,156,596 |
| PLG | Pearlgullironlimited | 0.028 | -15% | 1,661,849 | $5,161,736 |
| MKG | Mako Gold | 0.017 | -15% | 1,436,258 | $11,520,164 |
| 88E | 88 Energy Ltd | 0.006 | -14% | 2,456,622 | $154,830,585 |
| JNO | Juno | 0.095 | -14% | 23,524 | $14,922,380 |
| KTA | Krakatoa Resources | 0.02 | -13% | 618,585 | $9,806,661 |
| SSH | Sshgroupltd | 0.14 | -13% | 4,000 | $10,543,976 |
| BPH | BPH Energy Ltd | 0.018 | -12% | 10,044,264 | $19,069,828 |
Charger Metals (ASX:CHR) – Down sharply on news that the company’s found lithium in just 6 of 63 drillholes across seven prospects at the Bynoe Lithium Project in NT.
Pearl Gull Iron (ASX:PLG) – Down this morning almost as mysteriously as it rose to the top of the charts yesterday.
Mako Gold (ASX:MKG) – Down on drilling results from its Napié Project and Korhogo Project in Côte d’Ivoire, which isn’t excellent.
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