Top 10 at 10: Lithium nearology and a beleaguered copper play

Estimated read time 2 min read

Stockhead’s Top 10 at 10, published at ~10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data.

It’s 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.

 

WINNERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).

Code Company Price % Volume Market Cap EMN Euromanganese 0.16 60% 8,329,584 $24,581,548 EMU EMU NL 0.0015 50% 473,027 $1,667,521 WEL Winchester Energy 0.003 50% 407,803 $2,040,844 ATH Alterity Therap Ltd 0.004 33% 4,612,500 $7,319,693 MCT Metalicity Limited 0.002 100% 9,400,000 $6,376,629 LBT LBT Innovations 0.01 25% 92,804 $9,247,203 BMR Ballymore Resources 0.135 23% 2,509 $16,081,699 ZNO Zoono Group Ltd 0.06 20% 289,670 $9,496,384 WCN White Cliff Min Ltd 0.013 18% 7,716,333 $14,042,153 PHL Propell Holdings Ltd 0.02 18% 4,328 $2,046,044

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Euro Manganese (ASX:EMN) has locked in a US$100m funding package from global asset management firm Orion to help build the Chvaletice manganese project in the Czech Republic.

Ballymore Resources (ASX:BMR) has raised $1.8m via placement/ entitlement offer – plus another $1.5m from mining royalty firm Taurus – to advance the Dittmer gold mine to production.

And nearology play White Cliff Minerals (ASX:WCN) is “delighted” to announce that a review into its Lake Johnson project – near Rio Tinto, Charger Metals and TG Metals — indicates it is “highly prospective for spodumene bearing pegmatites”.

 

LOSERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).

Code Company Price % Volume Market Cap CHK Cohiba Min Ltd 0.002 -33% 50,000 $6,639,733 ZMI Zinc of Ireland NL 0.016 -16% 150,000 $4,049,741 R3D R3D Resources Ltd 0.038 -16% 192,500 $6,856,721 ZNC Zenith Minerals Ltd 0.13 -13% 82,695 $52,857,132 GCX GCX Metals Limited 0.047 -13% 1,250 $12,732,049 AIS Aeris Resources Ltd 0.125 -13% 1,454,267 $99,330,603 NTM Nt Minerals Limited 0.007 -13% 22,054 $6,879,223 PXX Polarx Limited 0.007 -13% 1,100,003 $12,476,934 DKM Duketon Mining 0.19 -12% 40,763 $26,249,399 FFG Fatfish Group 0.0125 -11% 3,263,750 $16,663,356

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Heavily battered copper-gold producer Aeris Resources (ASX:AIS) – which was trading at 79c per share in February — has raised ~$22m at 11c per share to shore up the balance sheet.

A retail entitlement offer is expected to raise another $7.7m.

The post Top 10 at 10: Lithium nearology and a beleaguered copper play appeared first on Stockhead.

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