Finer Market Points: ASX Top 10 Momentum Stocks: 23 Jan 2024ASX:FFG BSE:AKM ASX:KM1 FWB:CXU NASDAQ:CZR NASDAQ:PAA ASX:ZIP SIX:SMI NYSE:BIO MIL:BRE
Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list.
The Launch Pad List is published weekly on Fridays.
Today's ASX's Top 10 Quarterly Momentum Stocks are:
Fatfish Group Limited (FFG)
Aspire Mining Limited (AKM)
Kali Metals Limited (KM1)
Cauldron Energy Limited (CXU)
CZR Resources Ltd (CZR)
Pharmaust Limited (PAA)
ZIP Co Limited (ZIP)
Santana Minerals Limited (SMI)
Biome Australia Limited (BIO)
Brazilian Rare Earths Limited (BRE)
AKM trade ideas
$AKM - ASPIRE MINING - Another pullback to watchMight be worth a watch. Not as convinced on this one until I see it open as buyers and sellers are evenly matched looking at market depth, but the sellers side is heavily weighted to the top end so not much move for the stock to run as sellers are locked to take profit. Might wait a couple of days to see which side wins.
Aspire Mining Limited is a metallurgical coal and infrastructure company. The Company's assets are located in Mongolia. The Company's segments include Australia, Mongolia and Singapore. The Company holds interest in the Ovoot, Jilchigbulag and Myangan coal projects. It holds interest in the Ekhgoviin Chuluu Joint Venture (ECJV), which holds interest in the Nuurstei Coking Coal Project and in the Erdenebulag Coal Project. The Company also holds interest in Northern Railways LLC. The Ovoot project is a large scale coking coal project. The Jilchigbulag project is an approximately 2.5 square kilometers exploration license, which surrounds a mine lease that supplies thermal coal. The Nuurstei Coking Coal Project is located in the Orkhon-Selenge coal Basin in northern Mongolia. The Erdenebulag Coal Project is located in the South Gobi region of southern Mongolia. The Nuurstei Coking Coal Project consists of over two tenement areas spanning across approximately 30 square kilometers.
