Stockhead’s Top 10 at 10, published at ~10.30am 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 have made market-moving announcements (click headings to sort).
Code Company Price % Volume Market Cap CLZ Classic Min Ltd 0.002 100% 8,344,850 $2,437,440 SIH Sihayo Gold Limited 0.002 100% 100,000 $6,102,128 CCE Carnegie Cln Energy 0.0015 50% 10,686,311 $15,642,574 REE Rarex Limited 0.064 36% 4,281,204 $27,231,169 YPB YPB Group Ltd 0.004 33% 50,000 $1,857,747 WC1 Westcobarmetals 0.11 29% 344,866 $7,342,618 CMX Chemxmaterials 0.12 20% 93,225 $5,066,113 KPO Kalina Power Limited 0.012 20% 804,190 $15,151,958 LPD Lepidico Ltd 0.012 20% 700,000 $76,377,717 NZS New Zealand Coastal 0.003 20% 1,016,356 $4,135,025
RareX (ASX:REE) boosted its rare earths (REE) resource at Cummins Range by 500% to 397Mt at 0.33% TREO and 4.2% phosphate.
That’s 1.3Mt of contained TREO and 16.7Mt of phosphate, which positions Cummins Range as the second largest undeveloped Australian rare earths project, the company says.
West Cobar Metals (ASX:WC1) hit more high grade clay REEs at the Salazar project, including a highlight 1m at 22,316ppm (2.2%) TREO inside a larger 11m section grading 3,682ppm.
ChemX Materials (ASX:CMX) inked a non-binding deal with US battery maker C4V to progress CMX’ High Purity Manganese (HPM) project and work towards HPM offtake deal.
And fish farmer New Zealand Coastal Seafoods (ASX:NZS) appointed a new MD and chairman to drive growth.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Code Company Price % Volume Market Cap SCU Stemcell United Ltd 0.0055 -58% 12,979,438 $16,916,037 BFC Beston Global Ltd 0.013 -41% 2,383,083 $43,935,032 MCT Metalicity Limited 0.002 -33% 250,000 $10,513,618 TYM Tymlez Group 0.008 -33% 3,768,002 $13,106,344 MRR Minrex Resources Ltd 0.016 -30% 10,946,773 $24,951,953 DXN DXN Limited 0.003 -25% 3,312,500 $6,885,259 CTO Citigold Corp Ltd 0.004 -20% 9,246 $14,168,295 PUR Pursuit Minerals 0.016 -20% 7,134,614 $23,745,017 JRV Jervois Global Ltd 0.056 -16% 23,926,519 $139,310,485 SIO Simonds Grp Ltd 0.09 -14% 70,889 $37,790,177
Beston Global Foods (ASX:BFC) downgraded earnings guidance for the current half, blaming unprecedented inflationary cost pressures and insurance.
A rapid decline and significant volatility of whey protein prices – down 25% in the last 30 days — has exacerbated these cost impacts, it says.
Carbon counting stock Tymlez (ASX:TYM) lost its acting CEO Daniel O’Halloran, who resigned effective immediately “to devote more time to his family and personal commitments”.
And explorer Minrex Resources (ASX: MRR) has drilled a few dusters (low, sub-economic grades) at three lithium projects in WA.
The post Top 10 at 10: Battery deals, high grades and a monster REE upgrade appeared first on Stockhead.
