10 at 11ish: Cooper Metals soars on Brumby Ridge copper find

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 have made market-moving announcements (click headings to sort).

Code Company Price % Volume Market Cap CPM Cooper Metals 0.43 65% 3,825,263 $16,183,869 DMG Dragon Mountain Gold 0.015 50% 100,000 $3,946,717 KEY KEY Petroleum 0.0015 50% 310,000 $1,967,928 CLE Cyclone Metals 0.002 33% 250,000 $15,396,757 BUY Bounty Oil & Gas NL 0.01 25% 1,451,990 $10,964,008 CHK Cohiba Min Ltd 0.0025 25% 400,000 $4,426,488 ADG Adelong Gold Limited 0.006 20% 500,000 $2,981,611 GTG Genetic Technologies 0.003 20% 100,000 $28,854,145 AQC Auspaccoal Ltd 0.165 18% 1,858,532 $63,843,240 MOM Moab Minerals Ltd 0.007 17% 141,150 $4,271,781

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Cooper Metals (ASX:CPM) says significant assay results confirm a new copper discovery at the Brumby Ridge Prospect within the Mt Isa East Cu-Au Project with 71m @ 2.8% copper including 24m @ 5.4% copper.

Australian Pacific Coal (ASX:AQC) has announced that the Dartbrook joint venture has received a credit committee approved offer on agreed terms for a three-year US$60 million (~AUD$90 million) debt facility from Vitol Asia Pte Ltd, a leading global energy and commodities company.

LOSERS

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

Code Company Price % Volume Market Cap MCT Metalicity Limited 0.001 -50% 18,500 $8,502,172 AMD Arrow Minerals 0.001 -33% 23,800,000 $4,535,648 BP8 BPH Global Ltd 0.0015 -25% 500,000 $3,231,126 4DS 4Ds Memory Limited 0.079 -25% 20,974,905 $183,601,416 RRR Revolver Resources 0.1 -17% 20,000 $31,154,912 AVE Avecho Biotech Ltd 0.003 -14% 120,000 $11,092,540 LNR Lanthanein Resources 0.006 -14% 1,860 $7,851,029 RLC Reedy Lagoon Corp. 0.006 -14% 168,000 $4,316,785 ATH Alterity Therap Ltd 0.0035 -13% 425,000 $11,209,442 LCL LCL Resources Ltd 0.021 -13% 1,325,184 $19,063,307

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LCL Resources (ASX:LCL) says it has secured firm commitments to raise $3 million through a placement to professional and sophisticated investors primarily to advance its PNG nickel project.

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