10 hours ago
Top 10 at 11: ASX plunges 0.63pc in first hour; BirdDog flies
Morning, and welcome to Stockhead's Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading.
With the market opening at 10am sharp eastern time, the data is taken at 10.15am, once trading kicks off in earnest.
In brief, this is what the market has been up to this morning.
ASX runs for cover as US bombs Iran
The ASX is slumping in the first hour of trade, down 0.63% as of about 10:30 am AEST.
US President Donald Trump took to Truth Social to announce that US forces had hit several nuclear sites in Iran.
At this stage, there's been no retaliation from Iran, although threats have been flying all weekend.
Oil markets haven't ignited as some might have expected. Brent Crude oil is up 2.8% to about US$79.17 a barrel at present, a solid lift that puts it back to January levels.
That may change if things escalate, but for now the oil market is biding its time.
Back at home, only 3 sectors are in the green at start of trade. Energy is unsurprisingly leading gains, up 0.75%, while Info Tech languishes, shedding 1.24%.
Onto our winners and laggards for the day…
WINNERS
Code Name Last % Change Volume Market Cap
CT1 Constellation Tech 0.002 100% 752500 $1,474,734
ENT Enterprise Metals 0.003 50% 333333 $2,362,635
GMN Gold Mountain Ltd 0.0015 50% 308261 $5,619,759
SHP South Harz Potash 0.003 50% 500000 $2,205,457
PV1 Provaris Energy Ltd 0.022 47% 4012689 $10,470,019
BDT Birddog 0.068 39% 3752360 $7,912,815
ATV Activeportgroupltd 0.011 38% 1148354 $5,479,817
ASR Asra Minerals Ltd 0.002 33% 500000 $5,987,547
DTM Dart Mining NL 0.004 33% 900000 $3,594,167
NES Nelson Resources. 0.004 33% 125000 $6,515,783
In the news...
BirdDog (ASX:BDT), a software enabled video solution company, has postponed a shareholder vote on the company's voluntary delisting from the ASX until July 22.
BDT intends to buyback public shares at a 112% premium to its 15-day VWAP at $0.07 a share. The board reckons it's the best move for the company as its share price has been underperforming at low levels of liquidity, at a price point they don't believe reflects BDT's inherit value.
Activeport (ASX:ATV) has unveiled version 3.0 of its cloud gaming GPU orchestration solution, a network infrastructure tool provided for Radian Arc that enables GPU-based edge computing.
In other words, the technology uses a network of distributed computers to process complex data, enabling users to play high-end games on low-end computers that wouldn't normally be capable of running them.
The technology already nets ATV about $1m per year in licensing, with that revenue set to grow as the company deploys a further 1,600 GPUs to support its latest cloud gaming contract with Radian Arc.
Nelson Resources (ASX:NES) reckons it could be sitting on a larger gold system than originally thought at the Yarri gold project's Hidden Treasure prospect, after maxing out its rock chip sampling scanner on chips grading more than 8 g/t gold.
NES has sent the samples for a more fulsome assay in the lab, unable to determine their true grade with limited equipment in the field. Some of the chips come from fresh rock within the mafic volcanic unit, highlighting potential for new areas of exploration.
LAGGARDS
Code Name Last % Change Volume Market Cap
GGE Grand Gulf Energy 0.002 -33% 201290 $8,461,275
ORP Orpheus Uranium Ltd 0.022 -21% 10708 $7,887,520
H2G Greenhy2 Limited 0.015 -21% 1665973 $11,365,499
AKG Academies Aus Grp 0.1 -20% 209999 $16,576,808
NME Nex Metals Explorat 0.02 -20% 31000 $8,352,645
BCB Bowen Coal Limited 0.15 -17% 599443 $19,396,360
AS2 Askarimetalslimited 0.005 -17% 161500 $2,425,024
TON Triton Min Ltd 0.005 -17% 50000 $9,410,332
CRR Critical Resources 0.003 -14% 273715 $9,149,774
E79 E79Goldmineslimited 0.024 -14% 254550 $4,435,554
In the news...
Green HY2 (ASX:H2G) has secured firm commitments to raise about $987k in a share placement at $0.011 per share, a 21% discount on the 90-day VWAP.
The money will go to bringing its energy storage products to market, including the new hybridised graphene batteries and hydrogen energy storage products.
