Top 10 at 11: Sigma surges on Chemist Warehouse backdoor move, and AW1 strikes indium

Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, which (I’m calling it early) is almost definitely going to get published late this morning, because for the fourth #@!$ing time since the start of December, the NBN connection to my home has mysteriously fallen ill, and is stubbornly refusing to deliver the kind of hot, thick streams of information I need from the outside world in order to do my job.

So I’m sitting here with my laptop tethered to my phone, relying on the always-mercurial Vodafone 5G (wait! It’s 4G… no, hang on… it’s 5G again. Briefly. It’s 4… no, 5… 4… SOS) network to get this story out the door this morning.

Like a freakin’ caveman.

Honestly, it’s going to be easier if all of you just pop round to my place, and gather out the front – at 11:00am or thereabouts, I’ll start screaming market information out the window… what you do with that information is your concern, not mine.

Anyway – Top 10 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.

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.

Me shouting out the window begins in 3… 2… 1…

WINNERS

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

Code	Company	Price	%	Volume	Market Cap
SIG	Sigma Health Ltd	1.1125	50%	10,175,764	$810,346,458
AOA	Ausmon Resorces	0.004	33%	500,000	$3,020,998
ENT	Enterprise Metals	0.004	33%	1,000,000	$2,398,413
MRD	Mount Ridley Mines	0.002	33%	984,174	$11,677,324
KNB	Koonenberrygold	0.044	29%	359,977	$4,071,469
CNJ	Conico Ltd	0.006	20%	160,539	$7,850,475
IPB	IPB Petroleum Ltd	0.012	20%	1,571,397	$5,651,224
SI6	SI6 Metals Limited	0.006	20%	1,714,950	$9,969,297
DOC	Doctor Care Anywhere	0.07	19%	946,803	$21,631,893
SWP	Swoop Holdings Ltd	0.26	18%	20,645	$45,805,966

American West Metals (ASX:AW1) is up on news the company has defined a “world -class indium resource” at the West Desert Deposit in Utah, claiming a JORC-compliant 23.8Moz of indium, 119 Koz of gold, 1.3Mt zinc, 49Kt copper and 10Moz silver – and it’s currently the only Indium resource recognised in the US, which considers Indium to be a critical mineral.

It’s not exactly a Small Cap anymore, but Sigma Healthcare (ASX:SIG) is way out in front this morning, ostensibly on news that the company has finalised an enormous $400 million institutional placement, ahead of the $8.8 billion merger with Chemist Warehouse that will allow the latter to backdoor list on the ASX.

Koonenberry Gold (ASX:KNB) is up this morning, after dropping an announcement with two very exciting words in it: “visible gold”, down dip from the company’s previously reported intercept of 10m @ 1.61g/t Au, which did not have any visible gold.

Battery Age Minerals (ASX:BM8) is up this morning after assays confirmed the presence of significant lithium mineralisation from surface at the company’s Falcon East Extension within the Falcon Lake Lithium Project in Ontario, Canada.

Data and voice service provider Swoop Telecommunications (ASX:SWP) is up this morning despite no fresh news – I’m guessing it’s because I keep pissing and moaning about how utterly shite my NBN connection is, and the company is aware that I’m on the brink of offering an enormous pile of money to anyone who can fix it so I don’t have to go back into the office ever again.

Doctor Care Anywhere Group PLC (ASX:DOC) is up again this morning, building on yesterday’s gains while at the same time welcoming new company secretary Kevin Mercer, who replaces outgoing secretary Bianca Foster whose resignation was announced on 1 December 2023.

LOSERS

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

Code	Company	Price	%	Volume	Market Cap
TD1	Tali Digital Limited	0.001	-50%	110,222	$6,590,311
AVW	Avira Resources Ltd	0.001	-33%	529,000	$3,200,685
VPR	Volt Power Group	0.001	-33%	1,117	$16,074,312
RCR	Rincon	0.027	-25%	2,726,447	$6,395,864
LTP	Ltr Pharma Limited	0.265	-16%	1,555,447	$22,177,729
FHS	Freehill Mining Ltd.	0.003	-14%	11	$9,974,421
HOR	Horseshoe Metals Ltd	0.006	-14%	891,621	$4,504,351
MTB	Mount Burgess Mining	0.003	-14%	16,591	$3,656,847
PBL	Parabellumresources	0.071	-13%	136,022	$5,108,600
IVR	Investigator Res Ltd	0.04	-13%	1,156,413	$66,109,821

5E Advanced Materials (ASX:5EA) is falling again this morning, despite announcing restructuring plans last week. About 15 minutes after the market opened this morning, the company announced it would be holding a shareholder call on Tuesday, December 19, 2023 at 5:00pm EST (9:00am Sydney time) to discuss what’s happening.

4D Medical (ASX:4DX) is down this morning, on yesterday’s news that it has entered a binding agreement to acquire US company Imbio for an upfront purchase price of approximately US$25 million (approximately A$38.5 million), plus a contingent earn out of US$20 million, subject to the achievement of relevant performance milestones.

Rincon Resources (ASX:RCR) has fallen despite informing the market that it’s found two anomalous Rare Earth Element trends within and proximal to the Tin-Tungsten system at Pokali North.

Sunstone Metals (ASX:STM) is showing a drop this morning, after revealing that it has received firm commitments for $5,024,000 via a share placement at $0.012 per share to fund targeted exploration at both Bramaderos and El Palmar projects to confirm the potential of our existing discoveries.