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

Posted: 11 January 2022 12:08 pm
News
POV Hand holding smart phone with data graph

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.

Switch online brokers and save

Did you know you can save $1,046 in brokerage fees every year on average by switching to a cheaper share trading platform? Check out fees and features in our comparison table to find a better deal today.

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%

Serious about investing? Here's your new unfair advantage

Ticker Nerd uses advanced software to track hundreds of signals and data points to find stocks before they blow up. Don't miss out!
Get started for free

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.

Need a better share trading platform? Check out Finder's full review of the best online brokers in Australia right now.

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

Get more from Finder

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site