Top 10 at 11: Major gains for sustainable ag after Roots flies a shipment out of Israel

Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, 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.

Provided I don’t sleep through my morning alarms, that is.

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.

WINNERS

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

Code	Company	Price	%	Volume	Market Cap
ROO	Roots Sustainable	0.008	100%	13,067,585	$642,410
PR1	Pure Resources	0.295	74%	5,496,966	$4,360,502
AMD	Arrow Minerals	0.0015	50%	8,708,968	$3,023,765
AMM	Armada Metals	0.034	21%	65,540	$4,831,906
FGH	Foresta Group	0.012	20%	284,666	$22,395,028
TAS	Tasman Resources Ltd	0.006	20%	7,154	$3,563,346
WNR	Wingara Ag Ltd	0.024	20%	125,000	$3,510,850
CVV	Caravel Minerals Ltd	0.215	19%	730,802	$94,370,364
CC9	Chariot Corporation	0.5	19%	347,736	$30,799,259
CUF	Cufe Ltd	0.013	18%	517,500	$12,607,236

Roots Sustainable Agricultural Technologies (ASX:ROO) – Up handsomely early today on news of the successful completion of an equipment delivery via air shipping from Israel to the United Arab Emirates.

CuFe (ASX:CUF) – Up on news that it has signed a Port Licence Agreement with Fenix Resources (ASX:FEX) , making CuFe the foundation third party customer for Fenix’s port logistics business at Geraldton. Fenix is down 1.9% this morning.

Pure Resources (ASX:PR1) – Off to a blistering start this morning on news that the company is reporting “significant results from LIBS analysis up to 11.69% Lithium” from mica at its Järkvissle project in Sweden.

Arizona Lithium (ASX:AZL) – Up on news of receiving well licence approval for the initial lithium well at its Prarie project in the US.

Chariot Corporation (ASX:CC9) – Up on no fresh news, other than drills arriving at its Black Mountain project a few weeks back, so there could be some news out of Chariot in the coming days.

LOSERS

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

Code	Company	Price	%	Volume	Market Cap
ME1	Melodiol Global Health	0.002	-33%	16,365,970	$12,477,690
CHK	Cohiba Min Ltd	0.002	-20%	3,000,000	$5,533,110
RNE	Renu Energy Ltd	0.018	-18%	2,550,463	$9,844,760
LRL	Labyrinth Resources	0.005	-17%	393,120	$7,125,262
CGR	CGN Resources	0.17	-15%	599,526	$18,155,638
ADR	Adherium Ltd	0.003	-14%	375,000	$17,505,578
IBG	Ironbark Zinc Ltd	0.006	-14%	50,000	$10,267,490
SGF	SG Fleet Group Ltd	2.22	-14%	31,422,103	$878,901,244
AZI	Altamin Limited	0.045	-13%	20,532	$20,369,271
AVH	Avita Medical	3.35	-13%	320,359	$230,364,499

Avita Medical (ASX:AVH) – Down sharply after releasing updated 2023 guidance this morning, revising expectations down from $51-$53 million to a less happy $49.5-$50.5 million, blaming a slower-than-normal progress through a major customer’s Value Analysis Committee for the shortfall.

ReNu Energy (ASX:RNE) – The company delivered an investor presentation this morning, and fell nearly 9%.

CGN Resources (ASX:CGR) – Down on news that the company has completed its maiden drill hole at its Tantor project, intersecting multiple newly discovered ultramafic sills.

Adherium (ASX:ADR) – Down despite news that the first tranche of patients has been enrolled and remote patient monitoring underway as part of the commercial roll out of the company’s Hailie platform.