Top 10 at 11: It’s high energy and high stakes this morning, with oil, gas and lithium firing up

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 IVZ Invictus Energy Ltd 0.225 41% 18,194,131 $206,531,871 BLZ Blaze Minerals Ltd 0.011 38% 10,105,072 $5,028,466 IXC Invex Ther 0.34 36% 58,053 $18,788,462 RML Resolution Minerals 0.004 33% 250,000 $3,771,875 MVL Marvel Gold Limited 0.01 25% 905,858 $6,910,326 KP2 Kore Potash PLC 0.011 22% 847,526 $6,021,518 EXR Elixir Energy Ltd 0.11 22% 3,160,468 $95,082,644 FDR Finder 0.083 22% 440,272 $5,100,000 TOR Torque Met 0.2 18% 1,278,295 $22,257,094 SGA Sarytogan 0.195 15% 231,670 $13,081,484

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Invictus Energy (ASX:IVZ) is up this morning on news of a gas discovery in the Mukuyu-2 well at its 80% owned and operated Cabora Bassa Project in Zimbabwe.

Blaze Minerals (ASX:BLZ) is up this morning after announcing multiple high-grade channel samples from all spodumene bearing pegmatites identified at its North Spirit lithium project in Ontario, Canada.

Finder Energy Holdings (ASX:FDR) is climbing this morning after revealing its found a “large analogue” close to Buzzard Field, which is the largest UK Continental Shelf oil discovery in the last 25 years and is estimated to contain over 1 billion barrels.

Torque Metals (ASX:TOR) is gaining this morning on news that it’s found high-grade lithium (spodumene) lodes intersected at its New Dawn project, 200m west of Mineral Resources’ Bald Hill lithium mine, with peak grade of 3.99% Li2O from 52m.

Sarytogan Graphite (ASX:SGA) is up and celebrating that its first graphite purification effort on bulk concentrate provided by the company has purified the graphite from 81.4% TGC to a new best of 99.998% C at the kilogram scale.

LOSERS

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

Code Company Price % Volume Market Cap VPR Volt Power Group 0.1 -33.3333 11 $16,074,312 DCL Domacom Limited 1.4 -26.3158 335,000 $8,274,534 EVR Ev Resources Ltd 0.95 -20.8333 2,265,800 $11,455,060 GTG Genetic Technologies 0.2 -20 19,081 $28,854,145 MRD Mount Ridley Mines 0.2 -20 1,501,904 $19,462,207 RBR RBR Group Ltd 0.2 -20 1 $4,046,012 AM7 Arcadia Minerals 7.6 -17.3913 50,000 $10,032,609 RR1 Reach Resources Ltd 0.5 -16.6667 586,898 $19,261,783 YOJ Yojee Limited 0.5 -16.6667 1,344,999 $7,835,911 5EA 5Eadvanced 26 -16.129 325,833 $94,248,091

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5E Advanced Materials (ASX:5EA) is down this morning, after announcing that it has entered into a restructuring arrangement, through the placement of up to $35 million at a price of $1.025 per share of the Company’s common stock to Ascend and other members of the investor group, as well as Bluescape should the latter decide to exercise its options to participate.

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