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Top 10 at 11: The market’s running on gas and big dollar deals today
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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.
Before things kicked off, the ASX 200 Futures was pointing 0.3% lower, Wall Street fell and the cops carted my neighbour, Meth Head Kevin, away in handcuffs last night, possibly because someone down the street found him squatting inside their wheelie bin and nearly died of fright.
Here’s what’s been happening since the doors were opened this morning…
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Security | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| BMO | Bastion Minerals | 0.013 | 30% | 8,958,897 | $3,114,441 |
| EXL | Elixinol Wellness | 0.009 | 27% | 60,000 | $4,493,452 |
| ATH | Alterity Therap Ltd | 0.005 | 25% | 1,011,565 | $17,531,019 |
| CAV | Carnavale Resources | 0.005 | 25% | 1,498,500 | $13,694,207 |
| PUR | Pursuit Minerals | 0.005 | 25% | 900,703 | $11,775,886 |
| AUZ | Australian Mines Ltd | 0.021 | 24% | 31,690,839 | $19,210,670 |
| SRT | Strata Investment | 0.17 | 17% | 103,672 | $24,566,419 |
| 1MC | Morella Corporation | 0.004 | 14% | 51,165 | $21,625,798 |
| AXN | Alliance Nickel Ltd | 0.041 | 14% | 25,189 | $26,130,226 |
| GHY | Gold Hydrogen | 1.12 | 13% | 420,736 | $75,896,393 |
Bastion Minerals (ASX:BMO) is up this morning on news that Chilean firm Hot Chili (ASX:HCH) has completed its due diligence and has entered into an option agreement to acquire Bastion’s Cometa copper project for US$3.3 million.
Australian Mines (ASX:AUZ) is up today on news of a new, second exploration target prospective for Niobium and Rare Earths at the Jequie Rare Earth Project located within the state of Bahia in Fabulous Brazil.
AKORA Resources (ASX:AKO) is rising this morning after the company provided a Data Room in support of a Strategic Investor Process for the company’s Bekisopa project, details of which have been given to some investors, with other strategic investors apparently due to receive an invitation soon.
Gold Hydrogen (ASX:GHY) is *ahem* rising this morning after the company delivered a prospective resource report for helium obtained for a 2,000km2 area of its flagship Ramsay Project on the Yorke Peninsula (which is the little peninsula in South Australia, not the huge York Peninsula that makes Queensland look like half a toastie if you’re drunk enough).
Elixir Energy (ASX:EXR) has identified a new and significant gas resource thanks to coal analysis from samples drilled at the company’s Daydream-2 appraisal well in the Grandis gas project, located in the Taroom Trough of the Bowen Basin, Queensland.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| CHL | Camplifyholdings | 1.815 | -24% | 150,336 | $171,600,838 |
| AMD | Arrow Minerals | 0.004 | -20% | 2,958,000 | $17,368,825 |
| ROG | Red Sky Energy. | 0.004 | -20% | 154,694 | $27,111,136 |
| TMX | Terrain Minerals | 0.004 | -20% | 3,880,000 | $7,158,353 |
| WML | Woomera Mining Ltd | 0.004 | -20% | 23,503 | $6,090,695 |
| CTD | Corp Travel Limited | 16.27 | -18% | 1,859,792 | $2,904,566,058 |
| DVL | Dorsavi Ltd | 0.014 | -18% | 50,796 | $10,143,248 |
| GCM | Green Critical Min | 0.005 | -17% | 1,001,636 | $6,819,510 |
| MRL | Mayur Resources Ltd | 0.265 | -16% | 327,099 | $105,871,877 |
| 5GN | 5G Networks Limited | 0.145 | -15% | 4,116,691 | $58,198,709 |
Camplify Holdings (ASX:CHL) is down this morning after posting a bumper revenue for H1FY24 of $24.3 million (up +95.4% on pcp), but still banking an operating loss of $2.8 million, which is better than the $3.3 million loss for the same period last year.
Mayur Resources (ASX:MRL) has some bad news, after project partner PT SEA First Nickel Industry pulled out of a funding arrangement for the the Orokolo Bay vanadium, titanium, and iron sands project in Papua New Guinea, citing “sudden financial difficulties”.
5G Networks (ASX:5GN) is showing a dip this morning, despite half year results showing a 0.5% increase in revenue and an EBITDA boost of 32.0% to $9 million.
