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 with the benchmark falling sharply but recovering to be around -0.5% after half an hour of trading… 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).
Security Description Last % Volume MktCap LNU Linius Tech Limited 0.002 33% 420,307 $8,320,111 OAR OAR Resources Ltd 0.002 33% 3,000,000 $4,833,150 WLD Wellard Limited 0.032 88% 663,172 $9,031,255 I88 Infini Resources Ltd 0.255 65% 1,463,803 $5,887,415 CLZ Classic Min Ltd 0.0015 50% 10,206,473 $755,548 PUR Pursuit Minerals 0.003 50% 2,481,992 $7,270,800 SIH Sihayo Gold Limited 0.003 20% 169,661 $30,510,640 ARD Argent Minerals 0.019 36% 5,007,502 $20,067,959 AAU Antilles Gold Ltd 0.004 33% 250,000 $2,989,605 ALR Altairminerals 0.004 33% 2,146,888 $12,889,733
Wellard (ASX:WLD) was surging early on news that the company has signed paperwork to offload one of its oldest livestock ships, the M/V Ocean Ute, for $12 million, the majority of which is set to be returned directly to shareholders in a manner that is yet to be determined by the company.
Infini Resources (ASX:I88) announced its maiden field sampling assay results at its 100% owned Portland Creek Uranium Project in Newfoundland, Canada, where the company says the results have exceeded laboratory testing limitations in 17 samples – meaning they are above 1.18% (11,792ppm) U3O8 – and have been sent for additional testing, with other high range samples close to the upper limit for testing of this type. The company says that 52% of the samples tested have come back with readings above 1,000ppm U3O8.
Classic Minerals (ASX:CLZ) was up on news that it has received a funding payment of $155,097.13 under an existing agreement with AuResources AG, taking the total received so far by Classic to $255,376.06 from an initial tranche of $15.3 million.
Argent Minerals (ASX:ARD) was up on news that extensive silver, lead and zinc mineralisation confirmed by a third rock chip reconnaissance program over the Sugarloaf Hill Mineralised Zone within the Kempfield Project in NSW, with silver assays up to 99 g/t Ag, 0.23% Pb and 1% Zn received.
Antilles Gold (ASX:AAU) has advised that on 28 June, 2024, shareholders of the Cuban joint venture mining company, Minera La Victoria SA, formally adopted previously agreed modifications to the existing Joint Venture Agreement, paving the way for the companies to pursue a strategy to progressively evolve as a substantial mining company, with “minimal future contributions required from Antilles Gold”.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Code Company Price % Volume Market Cap CUS Coppersearchlimited 0.06 -0.340659 1,404,689 $10,217,972 LPD Lepidico Ltd 0.002 -0.333333 619,667 $25,767,358 MTB Mount Burgess Mining 0.001 -0.333333 28,572 $1,947,220 MSI Multistack Internat. 0.005 -0.285714 67,116 $954,127 ROG Red Sky Energy. 0.004 -0.2 479,999 $27,111,136 AVE Avecho Biotech Ltd 0.0025 -0.166667 730,523 $9,507,891 HLX Helix Resources 0.0025 -0.166667 520,000 $9,792,581 RGL Riversgold 0.005 -0.166667 296,135 $7,257,461 ARV Artemis Resources 0.011 -0.153846 1,350,646 $22,934,550 STX Strike Energy Ltd 0.2425 -0.133929 9,513,665 $801,016,520
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