Today’s ASX top stocks: Weebit Nano (WBT ↑6.2%), New Hope Corporation (NHC ↑5.8%)

Posted: 6 April 2022 12:40 pm
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The 10 biggest movers on the ASX.

The best performing companies on the ASX so far today were Weebit Nano (WBT, up 6.2%) and New Hope Corporation (NHC, up 5.8%).

Biggest movers on the ASX Wednesday 6 April 2022

Weebit Nano (WBT) was the largest mover on the ASX today. Shares in the company rose 6.2% to $3.10.

This is the second day in a row that the company's share price has been rising. It's now up nearly 20% over the last 2 days of trading.

The company's latest move is based on an ASX announcement. It said the demo of its embedded resistive random access memory (ReRAM) module has successfully completed its functional testing phase, a key step towards delivering a commercial product.

Weebit Nano CEO Coby Hanoch said: "This is the first time we can see Weebit's innovative memory technology operating live in a fully functional chip."

"We are now moving into a new phase of our roadmap during which customers can confidently begin designing Weebit ReRAM into their system-on-chips (SoCs). The characterisation process is now underway and will be immediately followed by full qualification."

Weebit Nano operates in the technology, hardware and equipment sector.

Learn more about investing in Weebit Nano in Finder's full guide.

Another strong performer was New Hope Corporation (NHC), which operates in coal mining, exploration, oil and agriculture.

Its shares rose 5.8% to reach $3.67.

However, the company has not made an announcement.

Instead, its strong share price is based on commodity price rises, mostly associated with conflicts in Ukraine.

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Find out more about investing in New Hope Corporation in Finder's full guide.

These were the 10 biggest movers on the ASX so far today:

StockPrice% change
Weebit Nano (WBT)$3.106.2%
New Hope Corporation (NHC)$3.675.8%
Tribune Resources (TBR)$5.005.7%
Polynovo (PNV)$1.145.6%
Sovereign Metals (SVM)$0.815.2%
Deep Yellow (DYL)$1.084.9%
Whitehaven Coal (WHC)$4.354.6%
Stanmore Coal (SMR)$1.634.5%
Coronado Global Resources (CRN)$2.084.0%
Yancoal Australia (YAL)$4.783.9%

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Each weekday we round up the best performing stocks on the Australian Securities Exchange (ASX), ranked by price percentage from market open to 11am. To avoid higher price volatility we only include stocks with market caps of more than $200 million. Price changes are calculated by 11am on the trading day, but these prices may be subject to minor variation depending on data availability.

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