Top 10 at 11: Gravity anomalies and gravy recipes are making the news today

Good morning, and welcome to Stockhead’s Top 10 at 11-ish, a short, sharp update to help frame the trading day.

Pic via Getty Images.

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 – for better or worse – and then I do my best to make sense of who’s moving where and why it might be happening.

Anyway… here’s what’s been happening since the doors were opened this morning…

The ASX got off to a decent start this morning, opening around +0.7% higher after an unusual session on Wall Street overnight, with local InfoTech stocks struggling for traction while the rest of the market climbed.

WINNERS

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

Security	Description	Last	%	Volume	MktCap
AUK	Aumake Limited	0.003	50.0	1,787,291	$3,828,814
RML	Resolution Minerals	0.003	50.0	200,000	$3,220,044
XGL	Xamble Group Limited	0.028	40.0	226,494	$5,923,142
GCM	Green Critical Min	0.004	33.3	126,250	$4,159,755
OAR	OAR Resources Ltd	0.002	33.3	100,000	$4,833,150
PKO	Peako Limited	0.004	33.3	1,434,160	$1,581,254
88E	88 Energy Ltd	0.003	25.0	1,859,886	$57,785,344
HLX	Helix Resources	0.003	25.0	8,889,041	$6,528,387
NGS	NGS Ltd	0.005	25.0	13,979,475	$1,632,723
RNE	Renu Energy Ltd	0.005	25.0	791,903	$2,904,536
SMM	Somerset Minerals	0.005	25.0	100,000	$4,123,995

Peako (ASX:PKO) was up this morning on the back of some housekeeping news, including the resignation of Geoff Albers, who will be replaced on the board by Gernot Abl who has been nominated to be non-executive chairman, at the conclusion of a non-renounceable 2 for 3 rights Issue at $0.003 per share.

US-based Nutritional Growth Solutions (ASX:NGS) climbed on news that it has signed a deal with local business The Healthy Chef, which was founded in Australia in 2006 by Teresa Cutter, a “nutritionist, wellness coach and celebrity chef”, to produce The Healthy Chef-branded food in the US and Canada.

And Somerset Minerals (ASX:SMM) – formerly Tempus Resources – was up on news of initial results from its ongoing Airborne Gravity Gradiometry (AGG) and Magnetic survey at the Prescott Base Metals Project in Nunavut, Canada. The company says it has identified a significant 4 km north-south gravity high at Miguel, which “could potentially be related to mineralisation from sedimentary-hosted copper deposit or a Mississippi Valley-type deposit.”

LAGGARDS

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

Code	Company	Price	%	Volume	Market Cap
EDE	Eden Inv Ltd	0.001	-50.0	50,000	$7,427,417
BEZ	Besragoldinc	0.070	-29.3	1,510,841	$41,391,990
ITM	Itech Minerals Ltd	0.075	-25.0	594,957	$12,228,356
AX8	Accelerate Resources	0.017	-22.7	3,005,253	$13,656,587
MTL	Mantle Minerals Ltd	0.002	-20.0	11,000	$15,493,615
ADG	Adelong Gold Limited	0.005	-16.7	118,140	$6,707,934
AMD	Arrow Minerals	0.003	-16.7	8,172,106	$31,618,095
BNL	Blue Star Helium Ltd	0.006	-14.3	798,256	$13,614,197
OVT	Ovanti Limited	0.006	-14.3	1,698,096	$8,680,738
PXX	Polarx Limited	0.012	-14.3	5,617	$28,706,755
TMX	Terrain Minerals	0.003	-14.3	6,658,503	$5,010,847

Originally published as Top 10 at 11: Gravity anomalies and gravy recipes are making the news today