Top 10 at 11: No news is good news for this morning’s early winners

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 flying start this morning, with the benchmark up more than 1.0% early on and every sector in the green. Except Utilities, which – like me – is flaaat today.

WINNERS

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

Code	Description	Last	%	Volume	MktCap
MHC	Manhattan Corp Ltd	0.002	33.33	376,000	$4,405,469.66
HCD	Hydrocarbon Dynamic	0.003	50.00	500,000	$1,617,164.72
EDE	Eden Inv Ltd	0.002	33.33	25,754	$5,517,406.67
NGS	NGS Ltd	0.004	33.33	750,500	$753,682.19
RLG	Roolife Group Ltd	0.004	33.33	222,000	$2,347,144.99
AEV	Avenira Limited	0.005	25.00	827,116	$9,396,136.24
ALR	Altairminerals	0.005	25.00	97,889	$17,186,310.07
ATH	Alterity Therap Ltd	0.005	25.00	130,192	$20,980,461.27
BYH	Bryah Resources Ltd	0.005	25.00	20,000	$2,013,147.42
1MC	Morella Corporation	0.003	20.00	112,204	$15,446,998.57

Weirdly, none of the top 10 this morning are there because of any specific announcements – but the same can’t be said for our not-winners this morning.

eCargo (ASX:ECG) is in freefall after announcing yesterday that it’s looking to delist from the ASX.

West African Resources (ASX:WAF) is gearing up for an equity raising, offering new shares at A$1.37 a pop, an 18% discount to the last traded price on Monday, 1 July 2024 which was $1.59.

LOSERS

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

Code	Company	Price	%	Volume	Market Cap
ECG	Ecargo Hldg	0.005	-74	941,594	$11,689,750
ODE	Odessa Minerals Ltd	0.002	-50	2,000,000	$4,173,130
AVE	Avecho Biotech Ltd	0.002	-33	45,500	$9,507,891
RML	Resolution Minerals	0.002	-33	2,706,096	$4,830,065
SIS	Simble Solutions	0.002	-33	238,114	$2,260,352
1TT	Thrive Tribe Tech	0.003	-25	4,628,471	$1,882,486
IVX	Invion Ltd	0.004	-20	125,000	$33,022,661
CL8	Carly Holdings Ltd	0.012	-14	180,339	$3,757,185
MOM	Moab Minerals Ltd	0.003	-14	163,737	$2,491,871
WAF	West African Res Ltd	1.3825	-13	3,354,231	$1,634,171,685