Today’s ASX top stocks: EcoGraf (EGR ↑15.6%), Integrated Research (IRI ↑13.3%)

Posted: 16 July 2021 12:07 pm
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The 10 biggest movers on the ASX.

The best performing companies in ASX trading so far today were EcoGraf (EGR, up 15.6%) and Integrated Research (IRI, up 13.3%).

That's the good news. Not so great is the news from iron ore giant Rio Tinto (RIO), whose share price was down by midday Friday. Read more about that here.

Biggest changes on the ASX Friday 16 July 2021

Battery parts maker EcoGraf (EGR) was the largest mover on the ASX today. Shares in the company rose 15.6% to $0.74.

"EcoGraf is having a banger of a week," said Finder's investments editor Kylie Purcell. "Shares are up over 20% after the company announced pleasing results on Wednesday from an engineering test related to battery anode manufacturing."

"The latest test resulted in a 20% product yield increase. With EcoGraf's products used in lithium batteries, the rise in electric vehicle use is another positive long-term trend for the company."

EcoGraf works in the materials sector and specialises in producing graphite products for the lithium battery and manufacturing sectors.

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

The second place for market gainers went to Integrated Research (IRI), the software and services company.

It rose 13.3% to reach $2.22.

Find out more about investing in Integrated Research in Finder's full guide.

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Today's list of the 10 biggest ASX movers so far:

StockPrice% change
EcoGraf (EGR)$0.7415.6%
Integrated Research (IRI)$2.2213.3%
Eroad (ERD)$6.296.6%
Whitehaven Coal (WHC)$2.195.8%
Universal Store Holdings (UNI)$7.455.2%
Michael Hill International (MHJ)$0.864.9%
Dusk Group (DSK)$3.864.3%
Talga Group (TLG)$1.323.9%
Neometals (NMT)$0.563.7%
Cogstate (CGS)$1.433.6%

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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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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.

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