Top 10 at 11: This morning’s news is about all the hot quarterly action you can handle

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.

Briefly, here’s what’s been happening already this morning.

The ASX has opened 0.5% higher today. There are reasons for that, and I suggest you check out Eddy Sunarto’s Market Highlights to attempt to glean why.

But as of now… here’s who’s winning the day in the first 30 minutes of the session.

WINNERS

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

Volt Power Group (ASX:VPR) was leading the charge Wednesday morning on a solid quarterly, which outlined that the company has achieved record Q2 Ordinary Revenue receipts of $2.0 million., YTD ordinary revenue receipts were up ~ 75% to $3.0 million vs YTD FY23 comparison $1.7 million. Additionally, the company achieved record YTD Net Cash from Operating Activities totalling $1.3 million (YTD FY23 comparison $0.4 million) – which is up ~200%, and leaves Volt with $2.4 million in the bank.

Alterity Therapeutics (ASX:ATH) was up because its quarterly says that the company saw positive interim data reported from ATH434-202 Phase 2 clinical trial showing improvement on the UMSARS Activities of Daily Living Scale and stable or improved neurological symptoms in some patients. The quarterly also says the company has “Cash balance on 30 June 2024 of A$12.6” – which I’m assuming is meant to have the word “million” on the end, because otherwise it’d be your shout for lunch.

New Age Exploration (ASX:NAE) is up because… it also released a quarterly, outlining how things are going at its Wagyu Gold Project, which is located in the well-endowed gold region of the Central Pilbara next door to De Grey’s Hemi (things are going well) and how the sale of the company’s Lochinvar metallurgical coal project is going (it has been sold).

333D (ASX:T3D) – which is a 3D printing company – has announced a,new services agreement with each of Next Healthcare and Cloud Strike (t/a Align Radiology) to provide ongoing digital asset management and 3D printing services to those entities. It’s all very complicated but the main thrust is that its most likely going to be steady, ongoing work for 333D as it develops software and processes to meet the needs of both entities.

Spacetalk (ASX:SPA) was up on Wednesday, because it also delivered quarterly with some good news in it – namely, that the company achieved positive cash flow from operating activities of $0.85 million in Q4FY24, up from -$1.5 million in Q4 FY23, and positive free cashflow of $0.37 million, up from Q4 FY23’s -$2.24 million. That’s due to turnaround measures put in place by the company, and a 58% increase vs PCP for customer receipts.

LAGGARDS

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