Top 10 at 10: Discoveries and a +$200m rare earths, mineral sands payday

Estimated read time 2 min read

Stockhead’s Top 10 at 10, published at ~10.40am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data.

It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms.

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading.

 

WINNERS

Stocks highlighted in yellow made market-moving announcements (click headings to sort).

Security Description Last % Volume MktCap EDE Eden Innovations 0.003 50% 23,220 $7,356,542.23 APC Aust Potash Ltd 0.002 33% 250,000 $6,030,284.24 BLZ Blaze Minerals Ltd 0.005 25% 218,725 $2,514,232.98 PKO Peako Limited 0.005 25% 100,000 $2,108,338.88 YPB YPB Group Ltd 0.0025 25% 219,785 $1,615,922.94 CND Condor Energy Ltd 0.046 24% 2,151,816 $21,386,012.69 ADC Acdc Metals Ltd 0.085 23% 1,197,587 $3,423,952.50 PEC Perpetual Res Ltd 0.017 21% 1,081,164 $8,960,411.88 CDT Castle Minerals 0.006 20% 908,990 $6,122,464.92 VFX Visionflex Group Ltd 0.006 20% 120,000 $7,084,955.99

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Astron Resources (ASX:ATR) and US-based critical minerals company Energy Fuels execute a binding farm in/ JV agreement for the development of the Donald rare earths and mineral sands project in Victoria.

For a 49% stake Energy Fuels will contribute $183m to development and issue ATR with US$17.5m in shares.

Condor Energy (ASX:CND) says there is evidence of multiple petroleum systems at its project offshore Peru.

ACDC Metals (ASX:ADC) says high grade assays confirm a heavy mineral sands discovery in Victoria called ‘Venice Beach’.

Perpetual Resources (ASX:PEC) is now exploring the Raptor rare earths project in Brazil to decide whether it wants to acquire it or not.

And virtual healthcare platform Visionflex Group (ASX:VFX) says FY24 group revenue is projected to exceed $8.1 million, a 25% increase from FY23.

 

LOSERS

Stocks highlighted in yellow made market-moving announcements (click headings to sort).

Security Description Last % Volume MktCap CAN Cann Group Ltd 0.041 -34% 1,017,145 $27,123,891 88E 88 Energy Ltd 0.002 -33% 10,037,334 $86,678,016 CNJ Conico Ltd 0.001 -33% 50,454 $2,707,643 BFC Beston Global Ltd 0.003 -25% 49,000 $7,988,188 TD1 Tali Digital Limited 0.0015 -25% 1,597,858 $6,590,311 AHN Athena Resources 0.0025 -17% 166,833 $3,211,403 FIN FIN Resources Ltd 0.01 -17% 861,470 $7,791,224 ICU Investor Centre Ltd 0.006 -14% 38,098 $2,131,579 POS Poseidon Nick Ltd 0.006 -14% 804,626 $25,994,743 BCM Brazilian Critical 0.019 -14% 64,335 $16,411,050

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