Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, which is meant to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms that have made announcements.
The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading – for better or worse – and then I do my best to make sense of who’s moving where and why it might be happening.
Anyway… here’s what’s been happening since the doors were opened this morning…
The ASX opened higher this morning, with the benchmark up +0.28% and the goldies were bolting hard for the second day in a row.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Security Description Last % Volume MktCap REM Remsensetechnologies 0.039 70% 533,529 $3,791,773 MHC Manhattan Corp Ltd 0.002 33% 1,050,000 $4,405,470 WEL Winchester Energy 0.004 33% 1,000,000 $3,061,266 DRE Dreadnought Resources 0.022 29% 14,401,532 $59,722,240 BCK Brockman Mining Ltd 0.019 27% 1,635,582 $139,203,482 ATH Alterity Therap Ltd 0.005 25% 2,185,168 $20,980,461 MTL Mantle Minerals Ltd 0.0025 25% 3,000,000 $12,394,892 TMR Tempus Resources Ltd 0.005 25% 2,150,000 $2,923,995 IXC Invex Ther 0.074 23% 171,338 $4,509,231 MTC Metalstech Ltd 0.26 21% 676,730 $40,625,237
RemSense Technologies (ASX:REM) was the early leader on Friday morning, climbing nicely on news of a new contract with Chevron Australia to undertake virtualplant high-resolution photogrammetry scanning and image processing of Chevron’s Gorgon LNG Train 1 in northwestern Australia for a contract value of $534,195.33.
Dreadnought Resources (ASX:DRE) was up early on news that mineralogical work at its Gifford Creek Carbonatite – part of DRE’s 100% owned Mangaroon Critical Minerals project – has confirmed that the dominant niobium mineral is pyrochlore, which is a high niobium mineral (>50%) from which ~95% of global niobium is produced.
Gold project developer MetalsTech (ASX:MTC) says a key condition has been satisfied for its ~$120m (~A$0.639 per share) acquisition by Trans Metals Fund, following the granting of underground mining activity permit No. 2440-3935/2023 for the Sturec Gold Mine.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Code Company Price % Volume Market Cap JAV Javelin Minerals Ltd 0.001 -50% 70,000 $4,352,462 ICU Investor Centre Ltd 0.002 -33% 144,214 $913,534 LNU Linius Tech Limited 0.001 -33% 70,500 $8,320,111 ENT Enterprise Metals 0.003 -25% 11,364 $3,538,884 HCD Hydrocarbon Dynamic 0.003 -25% 955 $3,234,329 TD1 Tali Digital Limited 0.0015 -25% 1,250,000 $6,590,311 ADG Adelong Gold Limited 0.004 -20% 110,000 $5,589,945 VRC Volt Resources Ltd 0.004 -20% 11,458 $20,793,391 BPP Babylon Pump & Power 0.005 -17% 85,000 $14,997,294 TGN Tungsten Min NL 0.06 -14% 28,641 $55,048,999
The post Top 10 at 11: Niobium galore and a very special photoshoot made the news this morning appeared first on Stockhead.
