Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, 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.
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.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Aurumin (ASX:AUN) says it has executed a deal with Polaris Metals, a subsidiary of Mineral Resources (ASX:MIN), for the sale of the iron ore rights on four of its Mt Dimer exploration tenements in WA.
Key terms of the sale include $250k payable to AUN on satisfaction of the conditions precedent, plus progress payments of ~1.25 million and $1/t royalty on iron ore exported.
Ark Mines (ASX:AHK) has announced first pass water-based beneficiation test work at its 100%-owned Sandy Mitchell project in North Queensland has produced a high commercial grade rare earth concentrate with excellent recoveries.
The final concentrate assays returned 51.9% TREO (519,00ppm) and contained mostly LA, Ce, Pr and Nd plus heavy rare earths DY and Tb.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Clean Seas Seafood (ASX:CSS) has announced its completed a ~$9.5 million non-underwritten two-tranche placement in conjunction with undertaking of an operational review.
Metgasco (ASX:MEL) says following the recent resignation of John Patton from the board director Peter Lansom will offer himself for re-election at the company’s upcoming AGM.
At Stockhead, we tell it like it is. While Ark Mines is a Stockhead advertiser, it did not sponsor this article.
The post 10 at 11ish: Aurumin to sell iron rights to Mineral Resources appeared first on Stockhead.
+ There are no comments
Add yours