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 is down slightly this morning. I’m blaming you for it, this time.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Code Description Last % Volume MktCap WML Woomera Mining Ltd 0.003 50.0 1,926,861 $2,436,278 EQS Equitystorygroupltd 0.021 40.0 12,500 $1,634,902 M2M Mtmalcolmminesnl 0.045 28.6 21,857,137 $6,447,897 ASR Asra Minerals Ltd 0.005 25.0 350,000 $8,144,317 LRL Labyrinth Resources 0.005 25.0 2,772,012 $4,750,175 AQC Auspaccoal Ltd 0.087 22.5 17,726 $37,899,866 DMG Dragon Mountain Gold 0.006 20.0 8,178 $1,973,358 WIN WIN Metals 0.026 18.2 914,679 $7,021,433 MPA Mad Paws 0.070 16.7 91,496 $24,364,743 PUR Pursuit Minerals 0.004 16.7 1,227,746 $10,906,200
Mt Malcolm Mines (ASX:M2M) was soaring Friday morning after hitting “unprecedented” gold results from its recent Grade Control RC drilling campaign at the Golden Crown Prospect. The company reported highlights such as 14m @ 16.78g/t Au from 4m, including 1m @ 111g/t Au, and 6m @ 36.75g/t Au.
That’s not a typo – it really says 111g/t.
Meanwhile, MRG Metals (ASX:MRQ) was down on news it had completed a $800,000 capital raising comprising a Placement of 177.7 million fully paid ordinary shares at $0.0045 per share.
Likewise, Trigg Mining (ASX:TMG) was down on news it has binding commitments for a share placement to sophisticated, professional and institutional investors, which received strong interest, allowing the company to raise $600,000.
And Strike Resources (ASX:SRK) was down after releasing a company update, outlining roughly what the company’s plans for the future are.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Code Company Price % Volume Market Cap ME1 Melodiol Glb Health 0.002 -33.3 8,337,027 $691,387 BCT Bluechiip Limited 0.004 -20.0 62,625 $5,910,198 GMN Gold Mountain Ltd 0.002 -20.0 2,200 $7,944,359 MRQ Mrg Metals Limited 0.004 -20.0 77,615,311 $12,625,593 TMG Trigg Minerals Ltd 0.010 -16.7 50,088 $5,168,168 RNX Renegade Exploration 0.009 -15.0 299,872 $12,800,534 ECT Env Clean Tech Ltd. 0.003 -14.3 33,025 $11,101,336 MOH Moho Resources 0.006 -14.3 103,728 $3,774,247 PWN Parkway Corp Ltd 0.008 -11.1 390,552 $24,904,025 SRK Strike Resources 0.032 -11.1 477,607 $10,215,000
The post Top 10 at 11: 111g/t gold find tops the goods news list this morning appeared first on Stockhead.
