'This is Rosco P. Coltrane, you got your Audearas on lil fat buddy?' Picture: Getty Images
Top 10 at 11: Who’s got their ears on after a $2.1 million purchase order?
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Stockhead’s Top 10 at 10, published each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data.
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 | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| BP8 | BPH Global Ltd | 0.002 | 100% | 274,588 | $1,954,115.88 |
| AMD | Arrow Minerals | 0.005 | 25% | 272,500 | $26,735,060.38 |
| LRL | Labyrinth Resources | 0.005 | 25% | 200,000 | $4,750,174.81 |
| 5EA | 5Eadvanced | 0.215 | 23% | 420,580 | $54,804,972.25 |
| AUA | Audeara | 0.04 | 21% | 99,639 | $4,772,054.93 |
| ICG | Inca Minerals Ltd | 0.007 | 17% | 167,776 | $3,526,958.08 |
| LML | Lincoln Minerals | 0.007 | 17% | 710,500 | $10,224,271.51 |
| INF | Infinity Lithium | 0.079 | 13% | 173,636 | $32,381,446.51 |
| PGL | Prospa Group | 0.42 | 12% | 17,986 | $61,487,247.75 |
| LGP | Little Green Pharma | 0.145 | 12% | 90,523 | $39,012,120.68 |
Hearing specialist Audeara (ASX:AUA) has announced it has received its first purchase order for $2.1 million to mass manufacture for third party brand Avedis Zildjian. AUA says the timing and size of any future orders will be determined by market success of the product.
Inca Minerals (ASX:ICG) says cultural heritage clearance fieldwork has been completed on the Jean Elson tenements (EL’s 32485 and 32486) by the NT Aboriginal Areas Protection Authority (AAPA) with a clearance certificate expected to be issued in March, enabling drilling at Camel Creek (Ningaloo-Sunset Boulevarde), where there is strong outcropping copper.
Fintech Prospa (ASX:PGL) has announced its H1 FY24 results including originations of $308.3 million, down 27.4% on pcp reflecting the deliberate tightening of credit settings. New Zealand originations were $63 million, down 32.3% on pcp, while total revenue increased 7.4% on pcp to $145.4 million and portfolio yield was stable at 34.9%
Co-founder and CEO Greg Mosha says PGL has continued to uplift its credit risk management to help navigate a challenging economic environment.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| MCT | Metalicity Limited | 0.001 | -50% | 100,000 | $8,970,108 |
| DGL | DGL Group Limited | 0.595 | -42% | 3,354,448 | $293,711,155 |
| AVW | Avira Resources Ltd | 0.001 | -33% | 1,285,000 | $3,200,685 |
| ATG | Articore Group Ltd | 0.57 | -29% | 291,330 | $226,226,630 |
| 1MC | Morella Corporation | 0.003 | -25% | 8,000 | $24,715,198 |
| ACE | Acusensus Limited | 0.885 | -22% | 773,272 | $144,095,972 |
| T3D | 333D Limited | 0.007 | -22% | 5,393 | $1,075,004 |
| MPK | Many Peaks Minerals | 0.094 | -22% | 11,566 | $4,370,476 |
| BRN | Brainchip Ltd | 0.395 | -19% | 15,814,013 | $884,849,196 |
| EMS | Eastern Metals | 0.03 | -19% | 85,987 | $3,049,771 |
Diversified specialist chemicals business DGL Group (ASX:DGL) has released its H1 FY24 results including Sales revenue of $217 million, in line with H1 FY23, underlying EBITDA of $30.4 million, up 3% on pcp, underlying EBIT of $16.4 million, down 14% on pcp and statutory NPAT of $5.9 million, down 43% on pcp.
Global online marketplace connecting independent artists with customers Articore Group (ASX:ATG) has also released its H1 FY24 results, which it says was a significant profit turnaround with positive underlying cashflow of $8.8 million, up $36.4 million on pcp.
ATG has narrowed its FY24 guidance range for a margin to between 24% and 26% and FY24 operating expenditure to be between $97 and $100 million, saying it remains focused on cashflow positivity in FY24.
