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Top 10 at 11: This morning’s early gains are brought to you by lithium, nickel and… almonds.
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Stockhead’s Top 10 at shortly-before-11-ish, published shortly after I’ve located my reading glasses and wiped the bacon grease off my fingers at the start of each trading day.
It highlights the best (and sometimes worst) performing ASX stocks in morning trade using live, fresh-caught data – sustainably harvested, of course, because I’m not a monster.
It’s 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.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| GTG | Genetic Technologies | 0.0025 | 25% | 1,000,000 | $23,083,316 |
| IVX | Invion Ltd | 0.005 | 25% | 20,700 | $25,686,529 |
| NIS | Nickelsearch | 0.038 | 23% | 161,927 | $2,964,542 |
| LML | Lincoln Minerals | 0.006 | 20% | 115,833 | $7,103,559 |
| MYG | Mayfield Group Ltd | 0.5 | 16% | 234,472 | $38,944,077 |
| IXR | Ionic Rare Earths | 0.029 | 16% | 25,452,684 | $98,652,623 |
| MEM | Memphasys Ltd | 0.015 | 15% | 100,000 | $12,473,765 |
| HIO | Hawsons Iron Ltd | 0.038 | 15% | 2,855,553 | $30,329,345 |
| EPN | Epsilon Healthcare | 0.023 | 15% | 170,160 | $6,007,080 |
| NNG | Nexion Group | 0.017 | 13% | 16,316 | $3,034,618 |
NickelSearch (ASX:NIS) – surging on news of a technical collaboration with Allkem (ASX:AKE), owner and operator of the Mt Cattlin lithium mine, 10km from the Carlingup Nickel Project.
Ionic Rare Earths (ASX:IXR) – up after revealing partnership agreements with Ford Technologies Limited (Ford), Less Common Metals Limited (LCM), and British Geological Survey (BGS) to create a UK rare earth supply chain from recycled magnets.
Chimeric Therapeutics (ASX:CHM) – up early on no news since announcing a $24.6 million operating loss for FY23 about two weeks ago.
Mayfield Group (ASX:MYG) – up on yesterday’s news of total new orders of $21.2m, across its subsidiaries ATI Australia and Mayfield Industries, for the financial year 2024 to date.
Select Harvests (ASX:SHV) – up on the back of a positive almond crop report.
Hawsons Iron (ASX:HIO) – up after pilot test work program confirmed HIO’s new Phase 1 mineral processing circuit design.
Epsilon Healthcare (ASX:EPN) and Lincoln Minerals (ASX:LML) – up on no news.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| GTG | Genetic Technologies | 0.0025 | 25% | 1,000,000 | $23,083,316 |
| IVX | Invion Ltd | 0.005 | 25% | 20,700 | $25,686,529 |
| NIS | Nickelsearch | 0.038 | 23% | 161,927 | $2,964,542 |
| LML | Lincoln Minerals | 0.006 | 20% | 115,833 | $7,103,559 |
| MYG | Mayfield Group Ltd | 0.5 | 16% | 234,472 | $38,944,077 |
| IXR | Ionic Rare Earths | 0.029 | 16% | 25,452,684 | $98,652,623 |
| MEM | Memphasys Ltd | 0.015 | 15% | 100,000 | $12,473,765 |
| HIO | Hawsons Iron Ltd | 0.038 | 15% | 2,855,553 | $30,329,345 |
| EPN | Epsilon Healthcare | 0.023 | 15% | 170,160 | $6,007,080 |
| NNG | Nexion Group | 0.017 | 13% | 16,316 | $3,034,618 |
PolarX (ASX:PXX) – down on news that the company has received applications for entitlements totalling 60,555,913 New Shares from eligible shareholders, resulting in a shortfall of 188,529,375 New Shares.
Odessa Minerals (ASX:ODE) – Retreating quickly from a recent massive surge, down close to 20% in under 30 minutes this morning.
