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Top 10 at 11: This morning is all about techies and goldies and bears, oh my!
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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.
Anyway… here’s what’s been happening since the doors were opened this morning…
The ASX opened higher this morning, with the benchmark jumping +0.65% led by an early surge in tech stocks and gold.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Security | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| FTL | Firetail Resources | 0.095 | 107% | 6,838,557 | $6,849,656 |
| MRD | Mount Ridley Mines | 0.002 | 100% | 4,089,995 | $7,784,883 |
| OSX | Osteopore Limited | 0.088 | 63% | 17,456,059 | $6,134,562 |
| ADD | Adavale Resource Ltd | 0.005 | 25% | 976,000 | $4,161,061 |
| ATH | Alterity Therap Ltd | 0.005 | 25% | 1,328,550 | $20,980,461 |
| PUR | Pursuit Minerals | 0.005 | 25% | 2,020,313 | $11,775,886 |
| BEO | Beonic Ltd | 0.027 | 23% | 135,990 | $9,338,889 |
| GED | Golden Deeps | 0.049 | 23% | 450,000 | $4,620,894 |
| 1MC | Morella Corporation | 0.003 | 20% | 1,196,413 | $15,446,999 |
| NRZ | Neurizer Ltd | 0.006 | 20% | 3,048,771 | $9,512,153 |
Jumping early on Thursday morning was Firetail Resources (ASX:FTL) on news that the company is set to acquire up to 80% of the York Harbour copper-zinc-silver project in Newfoundland, Canada via a staged earn-in agreement.
Adavale Resources (ASX:ADD) was climbing after announcing that exploration at its Marree Embayment Project has identified a significant new area for uranium deposition that will be a priority drill target for the company.
Osteopore (ASX:OSX) was back in the news after revealing that its $18.7 million partnership with Singapore’s NDCS and A*STAR to develop next-generation dental implants has reached “significant milestones”.
Structural Monitoring Systems (ASX:SMN) rose quickly after reporting a forecast FY2024 annual revenue of $28.38m, which the company says represents year on year growth of 27%, building on revenue growth of 43% in FY2023.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| AXP | AXP Energy Ltd | 0.001 | -33% | 17,819,750 | $8,737,021 |
| IEC | Intra Energy Corp | 0.002 | -33% | 699,995 | $5,072,345 |
| CUS | Coppersearchlimited | 0.1 | -31% | 543,646 | $13,381,384 |
| H2G | Greenhy2 Limited | 0.007 | -30% | 2,435,381 | $5,981,842 |
| ICU | Investor Centre Ltd | 0.003 | -25% | 1,085,010 | $1,218,045 |
| SHO | Sportshero Ltd | 0.003 | -25% | 15,000 | $2,471,331 |
| SKN | Skin Elements Ltd | 0.003 | -25% | 141,633 | $2,357,944 |
| TIG | Tigers Realm Coal | 0.003 | -25% | 700,000 | $52,266,809 |
| FTC | Fintech Chain Ltd | 0.007 | -22% | 280,000 | $5,856,926 |
| WLD | Wellard Limited | 0.018 | -22% | 453,806 | $12,218,757 |
Genetic Technologies (ASX:GTG) was down despite news yesterday of a major distribution agreement with Stayhealthy, that would see GTG’s Multi-Risk Test available to a broader audience through Stayhealthy’s online discount pharmacy with 1.5 million users.
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