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 lower this morning, with the benchmark falling sharply at open and sinking lower still to be down -1.6% at 10.30am – but there are a handful of small caps on hand to bring us a few shards of good news.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Code Name Price % Change Volume Market Cap BVR Bellavistaresources 0.200 18% 241,786 $13,339,747 BMO Bastion Minerals 0.007 17% 2,484,309 $2,610,503 ICG Inca Minerals Ltd 0.007 17% 337,271 $4,828,433 PUR Pursuit Minerals 0.004 17% 350,000 $10,906,200 FG1 Flynngold 0.029 16% 210,636 $6,363,617 AUZ Australian Mines Ltd 0.008 14% 94,977 $9,789,585 NC1 Nicoresourceslimited 0.140 12% 7,000 $13,681,322 BCK Brockman Mining Ltd 0.020 11% 1 $167,044,178 KAI Kairos Minerals Ltd 0.010 11% 117,249 $23,588,210 ARR American Rare Earths 0.270 10% 404,739 $120,888,708 FBM Future Battery 0.033 10% 710,000 $19,868,278 GEN Genmin 0.115 10% 87,565 $71,949,091 DLI Delta Lithium 0.240 9% 363,406 $156,949,571 LM1 Leeuwin Metals Ltd 0.050 9% 32,000 $2,155,177 GRE Greentechmetals 0.140 8% 18,797 $10,800,397 PNN Power Minerals Ltd 0.140 8% 3,642 $12,038,655 CLA Celsius Resource Ltd 0.014 8% 178,637 $31,562,866 BKT Black Rock Mining 0.057 8% 659,603 $66,319,884 HIO Hawsons Iron Ltd 0.029 7% 27,332 $27,240,991 LU7 Lithium Universe Ltd 0.015 7% 126,761 $7,093,990 GLA Gladiator Resources 0.017 6% 34,000 $12,132,749 JRV Jervois Global Ltd 0.017 6% 302,203 $43,244,221 GDM Greatdivideminingltd 0.265 6% 754 $6,812,500 MKR Manuka Resources. 0.039 5% 1,152,373 $28,112,212
Bellavista Resources (ASX:BVR) held the early lead on Thursday morning, on news that the company has firm commitments for an unbrokered $1.2 million cap raise to new and existing shareholders and institutional investors, at $0.15 per share – a handy 12% discount to the company’s recent close at $0.17 a pop.
Bastion Minerals (ASX:BMO) released happy news that it has found more high-grade rare earths at its Gyttorp project in Sweden. Assays confirmed TREE+Y up to 8.3% from actinolite skarn, in line with previously announced xPRF results from the site.
Flynn Gold (ASX:FG1) reported that a maiden soil sampling program has outlined four high priority lithium anomalies at the Forrestania Project near the Mt Holland Lithium Mine in Western Australia, measuring in up to 4,200m in length and 500m in width.
And NICO Resources (ASX:NC1) has announced that recent bench scale metallurgical testwork has delivered improved results and the production of a nickel-cobalt Mixed Hydroxide Precipitate (“MHP”) from Wingellina ore, with improved leaching kinetics and a <10% reduction in acid consumption, which means an improvement in head grade of up to 10% through the ore preparation circuit now achievable.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Code Name Price % Change Volume Market Cap OAR OAR Resources Ltd 0.001 -50% 875,297 $6,444,200 JAV Javelin Minerals Ltd 0.001 -33% 248,000 $3,751,846 MTB Mount Burgess Mining 0.002 -25% 156,666 $2,596,294 IMI Infinitymining 0.012 -20% 9,492 $1,781,301 AMD Arrow Minerals 0.002 -20% 3,699,964 $26,348,413 POS Poseidon Nick Ltd 0.004 -20% 523,655 $18,567,674 ALY Alchemy Resource Ltd 0.005 -17% 320,000 $7,068,458 AZY Antipa Minerals Ltd 0.009 -14% 16,455,624 $43,465,269 LNR Lanthanein Resources 0.003 -14% 300,000 $8,552,726 QXR Qx Resources Limited 0.006 -14% 39,963 $7,770,545 HOR Horseshoe Metals Ltd 0.008 -11% 177,770 $5,846,208 GTR Gti Energy Ltd 0.005 -10% 884,376 $10,249,735 EFE Eastern Resources 0.005 -9% 400,000 $6,830,706 ARV Artemis Resources 0.011 -8% 5,600 $21,170,354 ENV Enova Mining Limited 0.011 -8% 231,999 $11,495,152 EVR Ev Resources Ltd 0.006 -8% 230,555 $7,927,629 ADV Ardiden Ltd 0.120 -8% 12,249 $8,127,276 EMU EMU NL 0.026 -7% 501 $2,169,803 REE Rarex Limited 0.013 -7% 80,384 $11,061,842 MGU Magnum Mining & Exp 0.014 -7% 3,000 $12,140,421 PVT Pivotal Metals Ltd 0.014 -7% 159,603 $10,561,774 RHK Red Hawk Mining Ltd 0.815 -6% 13,207 $173,835,987 EQN Equinoxresources 0.305 -6% 80,000 $40,137,501
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