Today’s ASX top stocks: PolyNovo (PNV ↑18.2%), Adriatic Metals (ADT ↑6.4%)

Posted: 11 January 2022 12:08 pm
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The 10 biggest movers on the ASX.

The best performing companies on the ASX so far today were PolyNovo (PNV, up 18.2%) and Adriatic Metals (ADT, up 6.4%).

Biggest movers on the ASX Tuesday 11 January 2022

Off the back of strong US sales growth, shares in PolyNovo have been the big winner today.

The biotech told the market its sales were up 45%.

This was off a strong US result which showed sales have increased by 76% from the corresponding period.

However, sales everywhere else remained sluggish, especially in Europe and the UK.

PolyNovo chairman David Williams said, "While US sales are very encouraging, there is more to achieve as we still have new sales staff being onboarded and more staff to be employed."

Shares in the company rose 18.2% to $1.69.

Learn more about investing in PolyNovo in Finder's full guide.

Another strong performer was Adriatic Metals (ADT), the materials company.

Its shares rose 6.4% to reach $2.65.

Despite announcing no news today, Adriatic was a major share mover predominantly off yesterday's announcement.

The company notes its completion of US$142.5 million in debt financing package with Orion.

Paul Cronin, Adriatic's managing director and CEO, commented: "Adriatic Metals has entered a new phase with the Vares silver project fully funded through to production. This significantly de-risks the company and puts us in a strong position to become Europe's next miner, providing the continent with locally sourced, strategic metals."

Find out more about investing in Adriatic Metals in Finder's full guide.

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Here's the full list of today's 10 biggest movers so far.

StockPrice% change
PolyNovo (PNV)$1.6918.2%
Adriatic Metals (ADT)$2.656.4%
Core Lithium (CXO)$0.686.3%
OreCorp (ORR)$0.795.3%
Family Zone Cyber Safety (FZO)$0.605.3%
Highfield Resources (HFR)$0.854.9%
Freelancer (FLN)$0.644.9%
Sezzle (SZL)$2.904.7%
Recce Pharmaceuticals (RCE)$1.194.4%
Hipages Group Holdings (HPG)$3.904.3%

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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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