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