ASX Top 10 Momentum Stocks: 24 July 2023 - Finer Market Points

24 juil. 2023

MGU LDX WC8 IDA ASX:AZS TSX:MVP PV1 MP1 LPD ERD

Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list.

Today's ASX's Top 10 Quarterly Momentum Stocks are:

Magnum Mining & Exploration (MGU): Magnum Mining & Exploration is a miner in IUS, Nevada, and West Virginia. They focus on iron ore concentrate and green pig iron production, aiming to serve steelmakers in the West Coast and Ohio River Valley areas.

Lumos Diagnostics (LDX): Lumos Diagnostics engages in the development and manufacture of point-of-care (POC) diagnostics solutions to help healthcare professionals more accurately diagnose and manage medical conditions.

Wildcat Resources (WC8): Wildcat Resources is a WA and NSW Gold explorer with exposure to Lithium, Caesium, Tantalum, Nickel, and Copper as well.

Indiana Resources (IDA): Indiana Resources is a miner focusing on Rare Earths, Gold, and other base metals in both SA and Tanzania.

Azure Minerals (AZS): Azure Minerals is a mining company that explores and develops mineral deposits, with a focus on precious and base metals.

Medical Developments (MVP): Medical Developments manufactures and distributes pharmaceutical drugs, medical equipment, and veterinary equipment. They sell Penthrox drugs in the Pharmaceuticals segment and medical devices and veterinary products in Australia, Europe, and Asia.

Provaris Energy Ltd (PV1): Provaris Energy Ltd is an oil and gas explorer working in the hydrogen markets, developing green hydrogen projects for export through compressed hydrogen. They have recently worked on hydrogen storage and marine carriers from Norway into Europe, addressing supply chain constraints.

Megaport Limited (MP1): Megaport Limited provides elastic interconnection services that enable enterprises to connect to cloud service providers.

Lepidico Ltd (LPD): Lepidico Ltd is a vertically integrated open-pit, brown-field lithium miner with projects in Namibia. Using conventional flotation technology before applying their patented conversion processes in the UAE, LPD then exports lithium hydroxide to their offtake partner Traxys.

Eroad Limited (ERD): Eroad Limited provides telematics and fleet management solutions.