Top 10 at 10: A couple of last-minute stocking stuffers … and one big lump of coal(ithium)

Estimated read time 2 min read

Stockhead’s Top 10 at 10, published at ~10.40am 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 MIL Millennium Grp Ltd 1.085 75% 1,119,258 $29,241,221 AGR Aguia Res Ltd 0.015 67% 6,516,159 $4,549,328 LSR Lodestar Minerals 0.004 33% 1,292,718 $6,070,192 JAY Jayride Group 0.04 25% 3,838 $7,501,092 ENV Enova Mining Limited 0.016 23% 16,587,396 $8,332,081 CTO Citigold Corp Ltd 0.006 20% 2,445,932 $14,368,295 FHS Freehill Mining Ltd. 0.006 20% 1,454,342 $14,249,172 BTE Botalaenergyltd 0.088 17% 40,000 $5,440,417 CCO The Calmer Co Int 0.007 17% 2,857,843 $5,144,971 RMX Red Mount Min Ltd 0.0035 17% 408,858 $8,020,728

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Cleaning and security services stock Millennium Group (ASX:MIL) could be acquired by SoftBank Robotics Singapore for $1.15/sh – a big 85% premium to the last closing price.

The MIL board recommends the deal, although it’s unclear why a robotics company needs cleaning services.

Another takeover deal, this time between Aguia Resources (ASX:AGR) and South American gold hunter Andean Mining.

AGR wants to acquire Andean and its operational Santa Barbara gold mine and Atocha silver-gold exploration project in an all-share offer.

And Botala Energy (ASX:BTE) will raise $2.4m via placement – including $775,000 from the board – at an 8.4% premium to the 10-day VWAP.

 

LOSERS

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

Code Company Price % Volume Market Cap DCX Discovex Res Ltd 0.001 -50% 300,000 $6,605,136 KNM Kneomedia Limited 0.002 -33% 1,200,000 $4,599,814 NVQ Noviqtech Limited 0.003 -25% 32,969 $5,237,781 CXO Core Lithium 0.27 -18% 26,130,643 $705,188,730 AJL AJ Lucas Group 0.011 -15% 4,000 $17,884,485 AVE Avecho Biotech Ltd 0.003 -14% 10,653 $11,092,540 PRX Prodigy Gold NL 0.006 -14% 2,000 $12,257,755 PXX Polarx Limited 0.007 -13% 44,796 $13,116,934 POD Podium Minerals 0.029 -12% 1,233,834 $12,023,108 SOP Synertec Corporation 0.16 -11% 11,600 $77,669,268

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New lithium miner Core (ASX:CXO) says plummeting spodumene prices have prompted a strategic review of operations at Finniss in the NT.

“The price of spodumene concentrate has declined more than 80% year to date, including by more than 40% since the end of October 2023,” it says.

“The review will prioritise preserving business value and future options.

“Given the difficulties associated with mining and construction in the wet season and the focus on reducing expenditure, BP33 [underground mine] early works have been suspended.”

The post Top 10 at 10: A couple of last-minute stocking stuffers … and one big lump of coal(ithium) appeared first on Stockhead.

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