5 days ago
Top 10 at 11: ASX bursts out of the gate on broad market strength
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.
Powerful opening to trade
The ASX has had a great start to the trading day, powering up 0.48% in the first hour with 10 of 11 sectors climbing.
Info tech is leading the gains, adding 1.53%, while materials is the only sector in the red, down 0.55%.
The ASX 200 Banks index is also on the up, adding 0.60%.
With the market only 0.35% below its current all-time high, there's a good chance we'll see the ASX 200 reach a new record this week – if geopolitics allow.
There's plenty of love to go around in the market today. Let's check out which ASX small caps are living it up this morning.
WINNERS
Code Name Last % Change Volume Market Cap
IBX Imagion Biosys Ltd 0.018 29% 12463899 $2,818,780
CUL Cullen Resources 0.005 25% 250000 $2,773,607
SNS Sensen Networks Ltd 0.037 23% 20027 $23,791,124
AYT Austin Metals Ltd 0.003 20% 83333 $3,960,478
BNL Blue Star Helium Ltd 0.006 20% 129748 $13,474,426
BPP Babylon Pump & Power 0.006 20% 6000083 $16,884,455
PRM Prominence Energy 0.003 20% 39725 $1,216,176
AZL Arizona Lithium Ltd 0.007 17% 708198 $31,621,887
C7A Clara Resources 0.0035 17% 159599 $1,764,813
KGD Kula Gold Limited 0.007 17% 73142 $5,527,522
In the news...
Imagion Biosystems (ASX:IBX) is fast-tracking manufacturing of its MagSense HER2 Imaging Agent for breast cancer detection ahead of a Phase 2 trial, after a productive meeting with the US FDA.
IBX is also preparing to submit its investigational new drug application for the imaging agent, tapping Dr William Dooley, a surgical oncologist at the University of Oklahoma Health Sciences College of Medicine, as principal investigator.
SenSen (ASX:SNS) raked in full year cash collections of $14.1m this year, a strong 13% increase over the previous reporting period.
The AI solutions provider marked its first ever year of positive operating cash flow as well, pulling in $1.9m compared to outflows of $1.3m in the previous financial year, a $3.2m improvement.
LAGGARDS
Code Name Last % Change Volume Market Cap
AOA Ausmon Resorces 0.001 -50% 308000 $2,622,427
ASR Asra Minerals Ltd 0.001 -50% 532994 $8,000,396
SFG Seafarms Group Ltd 0.001 -50% 6000 $9,673,198
GTR Gti Energy Ltd 0.003 -25% 2598000 $14,835,762
RDS Redstone Resources 0.003 -25% 219778 $4,137,069
MGU Magnum Mining & Exp 0.007 -22% 500 $20,862,334
BCB Bowen Coal Limited 0.08 -20% 1089095 $10,775,756
1CG One Click Group Ltd 0.008 -20% 195915 $11,822,861
MEL Metgasco Ltd 0.002 -20% 47619 $4,581,467
MRD Mount Ridley Mines 0.002 -20% 3700 $1,946,223
In the news...
Magnum Mining & Exploration (ASX:MGU) has welcomed two new members to its board – Michael Davy as a non-executive director, and Mark Pryn as company secretary, effective today.
They'll replace outgoing board members Luke Martino and John O'Gorman, formerly chair and company secretary respectively.
Bowen Coking Coal (ASX:BCB) is reassessing whether its efforts to continue commercial negotiations and recapitalisation are viable after BUMA Australia Pty Ltd hit the company with a letter of demand for more than $15 million.
BCB had been in commercial negotiations with BUMA and its senior secured lender Taurus on payment deferment or alternate consideration before the letter of demand was delivered.
