Top 10 at 11: It looks like ‘anything to do with holes’ is where the action’s at this morning

Estimated read time 3 min read

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 – and then I do my best to make sense of who’s moving where and why it might be happening.

 

WINNERS

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

Code Company Price % Volume Market Cap LNR Lanthanein Resources 0.0105 75% 29,421,169 $6,729,453 VAL Valor Resources Ltd 0.004 33% 6,475,000 $11,620,004 CTO Citigold Corp Ltd 0.005 25% 250,000 $11,494,636 EVR Ev Resources Ltd 0.012 20% 2,000,000 $9,545,883 HRN Horizon Gold Ltd 0.335 18% 15,385 $41,279,378 MTL Mantle Minerals Ltd 0.0035 17% 3,390,000 $18,442,338 RIL Redivium Limited 0.007 17% 752,513 $16,385,129 VRC Volt Resources Ltd 0.007 17% 225,000 $24,780,640 MEU Marmota Limited 0.053 15% 2,458,737 $48,704,826 MEK Meeka Metals Limited 0.045 13% 150,000 $47,438,357

WordPress Tables Plugin

 

Lanthanein Resources (ASX:LNR) is up this morning after dropping news that it’s entered into a farm-in agreement to earn up to 70% of the Lady Grey Lithium-Tantalum Project, ~365km east of Perth, immediately adjacent to one of the largest operating lithium mines in Western Australia.

88 Energy (ASX:88E) is climbing after releasing an options prospectus after market close last night.

Noble Helium (ASX:NHE) is *ahem* rising this morning after dropping a clarification statement this morning on drilling results from its North Rukwa Helium Project in Tanzania.

Marmota (ASX:MEU) is up this morning, following a modest spike in uranium prices overnight.

 

LOSERS

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

Code Company Price % Volume Market Cap AUH Austchina Holdings 0.003 -25% 50,000 $8,311,535 KNM Kneomedia Limited 0.003 -25% 201,227 $6,133,085 ERW Errawarra Resources 0.1 -23% 2,948,514 $12,469,687 JPR Jupiter Energy 0.017 -23% 50,000 $27,947,266 GTG Genetic Technologies 0.002 -20% 989,000 $28,854,145 LCL LCL Resources Ltd 0.018 -18% 8,256,847 $17,474,698 AQI Alicanto Min Ltd 0.037 -18% 1,476,629 $27,690,156 ECT Env Clean Tech Ltd. 0.005 -17% 159,919 $17,085,331 ESR Estrella Res Ltd 0.005 -17% 12,501,490 $10,556,231 RIE Riedel Resources Ltd 0.005 -17% 10,578,667 $12,356,442

WordPress Tables Plugin

 

Errawarra Resources (ASX:ERW) is losing ground this morning, despite revealing its found a new LCT pegmatite at Andover West, just 600m east of the high-grade Raiden LCT Pegmatite deposit, with peak assays of 0.9% Li2O from initial reconnaissance sampling.

Alicanto Minerals (ASX:AQI) is slipping this morning, despite positive news from the Falun mine in Sweden, where the company is following up a previously untested off-hole electromagnetic conductor now being drilled at the Skyttgruvan target.

Riedel Resources (ASX:RIE) has dipped this morning after announcing an Initial high grade JORC 2012 compliant Inferred Mineral Resource Estimate (MRE) of 494,000 tonnes at 4g/t Au for 64,000oz gold and 43.4g/t Ag for 689,000oz silver within the top 40m at its Kingman Project.

 

 

 

The post Top 10 at 11: It looks like ‘anything to do with holes’ is where the action’s at this morning appeared first on Stockhead.

You May Also Like

+ There are no comments

Add yours