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 slightly lower, with the benchmark falling -0.1% in the first 10 minutes or so. By 10.30, the benchmark had briefly poked its head above ground, before retreating again. Energy is having a banger (+1.32%) but all the other sectors are sulking.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Code Description Last % Volume MktCap JAV Javelin Minerals Ltd 0.002 33% 456,766 $3,751,846 MRQ MRG Metals Limited 0.004 33% 1,842,284 $7,575,356 TMK TMK Energy Limited 0.004 33% 1,791,666 $20,734,836 NPM Newpeak Metals 0.024 33% 50,000 $2,225,131 CRR Critical Resources 0.009 29% 5,167,552 $12,462,452 AMN Agrimin Ltd 0.23 28% 178,210 $60,701,300 1CG One Click Group Ltd 0.015 25% 525,219 $8,438,146 88E 88 Energy Ltd 0.0025 25% 13,122,743 $57,785,344 GBZ GBM Rsources Ltd 0.011 22% 454,545 $10,410,200 KNG Kingsland Minerals 0.235 18% 20 $12,289,960
Critical Resources (ASX:CRR) announced that its summer field program has reinforced the company’s recently announced Exploration Target of 18-29Mt at 0.8-1.2% Li2O at its Mavis Lake prospect, with new assays confirming “exceptionally high grades” at surface with lithium assays of up to 5.12% Li2O along the extensions of pegmatites 7 and 24.
Kingsland Minerals (ASX:KNG) was up Tuesday morning, following an investor presentation released to the market on Monday afternoon that said some nice things about the company’s Leliyn Graphite Project in the Northern Territory.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Code Company Price % Volume Market Cap GCR Golden Cross 0.001 -50% 10,250 $2,194,512 AYM Australia United Mining 0.002 -33% 244,844 $5,527,732 IVX Invion Ltd 0.004 -20% 157,670 $33,022,661 LPD Lepidico Ltd 0.002 -20% 2,900 $21,472,798 RUL RPM Global Holdings 2.25 -19% 1,393,625 $618,419,029 NES Nelson Resources 0.0025 -17% 80,000 $1,840,783 OAU Ora Gold Limited 0.005 -17% 390,000 $42,846,958 RGL Riversgold 0.005 -17% 8,000 $7,257,461 VML Vital Metals Limited 0.0025 -17% 7,275,739 $17,685,201 DTZ Dotz Nano Ltd 0.12 -11% 236,001 $70,707,885
RPM Global (ASX:RUL) was down on Tuesday morning, despite announcing that business is on the up compared with last year. The company has sold $77.0 million in software for the previous financial year, a rise of $6.5 million on pcp.
Dotz Nano (ASX:DTZ) has fallen after announcing that it has successfully scaled up its internal sorbent production capabilities, a proprietary synthesis method for converting plastic waste into a porous carbon sorbent specifically designed for CO2 capture – and has appointed Mr Daniel Vorenberg as Head of Engineering.
The post Top 10 at 11: Energy off like a rocket, lithium’s in the news and that’s about it appeared first on Stockhead.
