Top 10 at 11: Not a lot of early movement, despite commodities swinging harder than a sleazy uncle

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.

Most of the morning’s movers are doin’ their thang off the back of swingy commodities markets this morning, and actual market-moving news is a little thin on the ground.

WINNERS

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

Code Company Price % Volume Market Cap JAVDF Javelin Minerals Ltd 0.004 33% 125,000 $2,836,246 MCT Metalicity Limited 0.002 33% 1,005,000 $6,376,629 MPK Many Peaks Minerals 0.185 23% 2,705 $5,456,172 ADG Adelong Gold Limited 0.006 20% 245,813 $3,398,278 AL8 Alderan Resource Ltd 0.006 20% 423,178 $5,534,307 DOU Douugh Limited 0.006 20% 2,212 $5,338,545 HCT Holista CollTech Ltd 0.014 17% 201,333 $3,345,601 APX Appen Limited 0.725 16% 1,517,650 $112,448,664 BPH BPH Energy Ltd 0.052 16% 11,960,746 $46,166,713 TSO Tesoro Gold Ltd 0.03 15% 322,771 $29,925,749

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Holista CollTech (ASX:HCT) is up this morning, following news that the judge overseeing the Federal Court stoush between the company and the Australian Securities and Investments Commission pulled the pin on proceedings a day earlier than expected. No decision has been announced.

Adelong Gold (ASX:ADG) is moving forward this morning, after investors digested news that the company’s latest exploration efforts are officially underway at its recently acquired Santa Rita Do Araçuaí lithium project in Brazil.

Likewise, Alderan Resources (ASX:AL8) is climbing this morning after recently announcing that its exploration round has kicked off at its Minas Gerais lithium projects in Brazil.

First Au (ASX:FAU) is moving in the right direction, off the back of a fancy-lookin’ investor presentation that the company released yesterday.

LOSERS

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

Code Company Price % Volume Market Cap EMU EMU NL 0.001 -50% 4,250,076 $3,335,043 AMD Arrow Minerals 0.001 -33% 600,000 $4,535,648 GTG Genetic Technologies 0.002 -33% 393,407 $34,624,974 GMN Gold Mountain Ltd 0.004 -20% 15,404 $11,345,393 LSR Lodestar Minerals 0.004 -20% 1,120,000 $10,116,987 FME Future Metals NL 0.035 -15% 694,924 $17,775,675 5EA 5Eadvanced 0.24 -14% 569,942 $86,144,848 AQX Alice Queen Ltd 0.006 -14% 2,669,900 $1,018,444 FHS Freehill Mining Ltd. 0.003 -14% 340,000 $9,974,421 HMD Heramed Limited 0.03 -14% 200,661 $9,782,997

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5E Advanced Materials (ASX:5EA) is down again this morning, showing fresh losses on yesterday’s news 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.

Future Metals (ASX:FME) is down this morning, despite releasing an upbeat scoping study for its Panton PGM-Ni-Chromite Project yesterday.

Pearl Gull Iron (ASX:PLG) has dropped this morning, climbing down from a recent high of $0.044, despite nothing particularly newsworthy happening for the company.

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