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Top 10 at 11: This morning’s movers show the importance of keeping an eye on your nickels and dimes

Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, 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.

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.

 

WINNERS

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

Code Company Price % Volume Market Cap
CLE Cyclone Metals 0% 100% $8,250,500 $10,264,505
DCX Discovex Res Ltd 0% 100% $289,946 $3,302,568
CMP Compumedics Limited 31% 94% $932,015 $28,346,072
MTL Mantle Minerals Ltd 0% 33% $650,000 $18,442,338
YPB YPB Group Ltd 0% 33% $484,000 $1,185,692
WMG Western Mines 37% 32% $464,599 $18,705,833
BML Boab Metals Ltd 19% 28% $1,613,956 $25,297,102
BUY Bounty Oil & Gas NL 1% 27% $10,396,568 $15,075,511
EDE Eden Inv Ltd 0% 25% $545,997 $7,313,940
KP2 Kore Potash PLC 1% 25% $149,000 $5,352,460

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DiscovEX Resources (ASX:DCX) is up this morning – the list mentions an announcement today but the only thing I can spot this morning is a notification of the expiry of a stack of unlisted options late last week.

Compumedics (ASX:CMP) is charging hard this morning on news that its Somfit medical device has been cleared for sale in the US by the FDA. Compumedics reckons the market in the US is worth about US$110-180 million, and that the company izs targeting a relatively modest 10%-30% of that market over the next 12 months.

Western Mines Group (ASX:WMG) has jumped this morning on assay results from its Mulga Tank project, showing broad zones of nickel sulphide mineralisation with elevated Ni and S coincident with highly anomalous Cu and PGE.

 

LOSERS

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

Code Company Price % Volume Market Cap
GTG Genetic Technologies 0% -33% 8,490,789 $34,624,974
ME1 Melodiol Glb Health 0% -25% 3,548,049 $9,225,840
TZN Terramin Australia 4% -24% 25 $114,294,387
CPN Caspin Resources 13% -19% 15,059 $14,611,178
ERG Eneco Refresh Ltd 1% -19% 150,000 $4,357,734
FIN FIN Resources Ltd 2% -17% 5,796,968 $17,205,621
BFC Beston Global Ltd 1% -14% 154,698 $13,979,328
KNM Kneomedia Limited 0% -14% 141,745 $5,366,450
LML Lincoln Minerals 1% -14% 917,073 $11,856,917
PUA Peak Minerals Ltd 0% -14% 66,360 $3,644,818

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Eneco Refresh (ASX:ERG) is losing ground this morning after former managing director and chairman Henry Heng pleaded guilty to charges related to taking part in transactions that had or were likely to have the effect of creating or maintaining an artificial price for trading securities of the company.

Fin Resources (ASX:FIN) has dropped this morning on news that pegmatite outcrops at its White Bear discovery have tested positive for lithium, with the company now claiming a mineralised zone with 300m strike and about 100m wide at its widest point.

Lincoln Minerals (ASX:LML) is a bit lower this morning, despite news that its Kookaburra Gully Graphite Project has been included in Austrade’s Australian Critical Minerals Prospectus for 2023.

 

The post Top 10 at 11: This morning’s movers show the importance of keeping an eye on your nickels and dimes appeared first on Stockhead.



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