I Synergy has offered up a response to the ASX’s price movement query from Tuesday with a non-binding MoU. Pic: Getty Images.
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 in the east, once trading kicks off in earnest.
In brief, this is what the market has been up to this morning.
ASX slides as resources retreat
A 1.3% slide in gold prices overnight has finally put the brakes on the resources sector, despite a small 0.2% uptick in iron ore prices.
The ASX has dipped marginally in response, down 0.08% in the first hour of trade.
The materials sector is down -0.29% and the All Ord Gold index -1.67%.
Energy, healthcare, info tech and telecoms are moving higher this morning, with a small amount of support from the ASX 200 Banks index, up 0.24%.
In other news, I Synergy has responded to Tuesday’s price query from the ASX. Read on for the details of their new potential deal…
WINNERS
| Code | Name | Last | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| IS3 | I Synergy Group Ltd | 0.023 | 92% | 10095011 | $20,475,599 |
| SFG | Seafarms Group Ltd | 0.0015 | 50% | 2610068 | $4,836,599 |
| GTR | Gti Energy Ltd | 0.004 | 33% | 1500000 | $11,167,964 |
| HLX | Helix Resources | 0.002 | 33% | 1500000 | $5,046,291 |
| M2R | Miramar Resources | 0.004 | 33% | 997500 | $2,990,470 |
| NSB | Neuroscientific | 0.24 | 30% | 1956927 | $61,526,506 |
| FGR | First Graphene Ltd | 0.041 | 28% | 404515 | $23,962,258 |
| JAV | Javelin Minerals Ltd | 0.0025 | 25% | 15563 | $12,504,450 |
| AUK | Aumake Limited | 0.003 | 20% | 22262825 | $7,558,397 |
| FBM | Future Battery | 0.026 | 18% | 632424 | $14,809,543 |
WordPress Table
In the news…
I Synergy (ASX:IS3) scrambled to pull together a non-binding MoU with Treasure Global Inc after the company’s share price spiked on Tuesday, leading the ASX to believe their negotiations were no longer confidential.
IS3 is negotiating the sale and purchase of advanced AI-based graphics processing units (GPUs) and potential joint initiatives to design, develop and deploy AI cloud infrastructure in Malaysia.
While they’ve reached no definitive agreement, I Synergy reckons the deal could be worth $600k, to be fulfilled over 12 months through multiple purchase orders.
GTI Energy (ASX:GTR) is gearing up to begin resource expansion drilling at the Lo Herma uranium project in Wyoming, US, after getting the green light from the Bureau of Land Management.
GTI is developing the 10.23Mlb uranium Lo Herma resource as an in-situ recovery uranium project with an eye to tapping into growing yellowcake demand within North America.
Helix Resources (ASX:HLX) is zeroing in on two distinct copper-gold systems at the White Hills project in Arizona, US, with a combination of geophysical, geological and geochemical results.
Two geological formations meet on the project’s tenure. Management reckons there’s evidence of copper at the northern end of the Arizona Arc formation, while a fault-style gold system sits at the southern end of the Walker Lane gold trend, both within the project area.
E-commerce brand incubator AuMake (ASX:AUK) has lifted its full-year revenue by 50% compared to the previous financial year, raking in $39m.
The company points to its transition to cross border and China retail B2B and B2C business units, exploring new sales channels via Pilot Zone distribution into China Hospital Pharmacies, and activating sales of its own products as the drivers of its success.
LAGGARDS
| Code | Name | Last | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| EEL | Enrg Elements Ltd | 0.001 | -33% | 1 | $4,880,668 |
| DTM | Dart Mining NL | 0.003 | -25% | 8500 | $4,792,222 |
| BNR | Bulletin Res Ltd | 0.044 | -24% | 1625067 | $17,029,573 |
| CHM | Chimeric Therapeutic | 0.004 | -20% | 42112828 | $10,075,971 |
| ENT | Enterprise Metals | 0.002 | -20% | 1 | $3,428,293 |
| MRD | Mount Ridley Mines | 0.002 | -20% | 100000 | $1,946,223 |
| PRX | Prodigy Gold NL | 0.002 | -20% | 600000 | $15,875,278 |
| LPM | Lithium Plus | 0.072 | -18% | 73242 | $11,689,920 |
| PEC | Perpetual Res Ltd | 0.019 | -17% | 3189772 | $20,084,249 |
| AAU | Antilles Gold Ltd | 0.005 | -17% | 235596 | $14,274,408 |
WordPress Table
At Stockhead, we tell it like it is. While GTI Energy is a Stockhead advertiser, it did not sponsor this article.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.