Top 10 at 11: Medical tech and personal protection are in the news today

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: Wall Street lifted overnight, but the rally after some pretty serious volatility has come with a warning sticker from Goldman Sachs, which is saying there’s a 25% chance of a US recession on the horizon.

Locally, though, the markets have opened slightly lower, down by 0.43% in the opening 20 minutes of the session.

Here’s which stocks are making waves, and why, this morning.

WINNERS

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

Security	Description	Last	%	Volume	MktCap
AMD	Arrow Minerals	0.003	50.0	3,792,321	$21,078,730
HCD	Hydrocarbon Dynamic	0.003	50.0	100,000	$1,617,165
MHC	Manhattan Corp Ltd	0.0015	50.0	100,000	$2,936,980
MHI	Merchant House	0.099	41.4	35,316	$6,598,655
LBT	LBT Innovations	0.021	40.0	12,565,038	$23,515,417
HCL	Highcom Ltd	0.245	40.0	2,812,616	$17,969,468
HLX	Helix Resources	0.004	33.3	1,400,000	$9,792,581
IEC	Intra Energy Corp	0.002	33.3	325,000	$2,536,172
POS	Poseidon Nick Ltd	0.004	33.3	610,200	$11,140,604
YAR	Yari Minerals Ltd	0.004	33.3	26,227	$1,447,073

Arrow Minerals (ASX:AMD) was moving early on Wednesday after releasing an exploration target estimate for its Niagara Bauxite Project, which the company says has come in at approximately 170 – 340Mt at a grade range of approximately 40-46% Al2O3, and 1-4% SiO2, which the company has reminded investors is a “conceptual” figure, not an official mineral resource estimate.

Manhattan Corp (ASX:MHC) was up early after revealing that the entitlement offer announced by the company on Tuesday, 30 July 2024 is now open. The company is looking to raise up to $1.5 million, through a 1 for 2 non-renounceable pro-rata entitlement offer of 1,468,490,084 new Shares on a pre-Consolidation basis, at an issue price of $0.001 per New Share.

Australian med-tech LBT Innovations (ASX:LBT) gained on news that it has inked a deal to sell five of its APAS Independence instruments – used for environmental monitoring during drug manufacturing – to AstraZeneca AB and to provide annual maintenance and support services over seven years, with the contract worth between $3.4 million and $4.1 million.

HighCom (ASX:HCL) was back in the winner’s circle on Wednesday, after providing fresh guidance for its FY24 results, revealing that revenue has come in at the lower end ($46 million) of the estimate given to the market in May. The company says that a delay in finalising a recent contract has pushed that revenue out to FY25, and that the company has seen an improvement in cash holdings from $1.6 million to $6.2 million, with new orders of ballistic products for US domestic and international customers valued at $13.7 million to be delivered soon.

LAGGARDS

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

Code	Company	Price	%	Volume	Market Cap
IBG	Ironbark Zinc Ltd	0.002	-33.3	45,200	$5,077,718
SI6	SI6 Metals Limited	0.0015	-25.0	60,396	$4,737,719
MOZ	Mosaic Brands Ltd	0.03	-25.0	228,674	$7,140,258
AD1	AD1 Holdings Limited	0.007	-22.2	51,863	$8,087,835
BMM	Balkanminingandmin	0.04	-20.0	145,788	$4,302,026
ROG	Red Sky Energy.	0.004	-20.0	250,000	$27,111,136
BNL	Blue Star Helium Ltd	0.005	-16.7	15,000	$11,669,312
OSL	Oncosil Medical	0.01	-16.7	7,648,497	$45,408,286
PRM	Prominence Energy	0.005	-16.7	2,500	$1,868,258
CMD	Cassius Mining Ltd	0.006	-14.3	100,000	$3,794,031