Today’s ASX top stocks: Neometals (NMT ↑17.5%), BrainChip Holdings (BRN ↑13.2%)

Posted: 4 January 2022 12:39 pm
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The 10 biggest movers on the ASX.

The best performing companies on the ASX so far today were Neometals (NMT, up 17.5%) and BrainChip Holdings (BRN, up 13.2%).

Largest gains on the ASX Tuesday 4 January 2022

Neometals (NMT) was the standout mover on the ASX today.

Perhaps a delayed reaction to its New Year's Eve announcement, shares in the company rose 17.5% to $1.68.

On 31 December the company noted that Primobius GmbH, the 50:50 joint venture between Neometals and Stelco has signed an agreement to commercialise its recycling technology into North America.

Neometals also has the advantage of the current market environment.

Investors are looking to front-run the changing motor vehicle landscape and buy into lithium stocks, the raw ingredient needed to make electric vehicles.

And with the company operating in the minerals and advanced materials space it has an additional tailwind.

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

The second place for market gainers went to BrainChip Holdings (BRN), the software and services company.

Its shares rose 13.2% to reach $0.77.

It follows 2 announcements in the company's favour.

First, Mercedes-Benz has announced it is partnered with BrainChip to build an EQXX concept car.

While still in the early stages, Mercedes notes that the Vision EQXX is "how we imagine the future of electric cars".

In a second announcement, this time to the ASX, BrainChip has updated its board.

Starting today, highly experienced director Pia Turcinov will join the board.

Find out more about investing in BrainChip Holdings in Finder's full guide.

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Here is today's list of the 10 biggest ASX movers so far:

StockPrice% change
Neometals (NMT)$1.6817.5%
BrainChip Holdings (BRN)$0.7713.2%
AVZ Minerals (AVZ)$0.8610.3%
Incannex Healthcare (IHL)$0.699.5%
Novonix (NVX)$10.049.2%
Lynas Rare Earths (LYC)$11.088.9%
Deep Yellow (DYL)$0.938.1%
Michael Hill International (MHJ)$1.498.0%
Lake Resources NL (LKE)$1.097.9%
Pilbara Minerals (PLS)$3.457.8%

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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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