Top 10 at 10: A budding brines bonanza?

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 CNJ Conico Ltd 0.005 25% 460,000 $6,280,380 HCD Hydrocarbon Dynamic 0.005 25% 200,000 $3,078,664 GTR Gti Energy Ltd 0.011 22% 13,759,294 $18,449,524 1MC Morella Corporation 0.006 20% 701,636 $30,893,997 IS3 I Synergy Group Ltd 0.006 20% 156,722 $1,520,402 VML Vital Metals Limited 0.006 20% 161,740 $29,475,335 GLA Gladiator Resources 0.034 17% 1,529,782 $17,611,608 AMD Arrow Minerals 0.007 17% 1,626,306 $20,842,591 RGS Regeneus Ltd 0.007 17% 71 $1,838,621 EME Energy Metals Ltd 0.15 15% 55,082 $27,258,831

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Morella Corp (ASX:1MC) says seismic surveys at Fish Lake have identified a structure like the one hosting lithium brines at Albemarle’s Silver Peak lithium brine mine, 30km away.

1MC is planning a single, 1.15km-deep drill hole into the most prospective lithium target zone.

 

LOSERS

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

Code Company Price % Volume Market Cap ME1 Melodiol Glb Health 0.001 -50% 130,000 $9,457,648 MHC Manhattan Corp Ltd 0.003 -25% 50,500 $11,747,919 EDE Eden Inv Ltd 0.002 -20% 25,158 $9,167,534 MCT Metalicity Limited 0.002 -20% 34,000 $11,212,634 NTM Nt Minerals Limited 0.008 -20% 14,850 $8,599,029 BUY Bounty Oil & Gas NL 0.009 -18% 501,870 $15,075,511 FOS FOS Capital Ltd 0.2 -17% 49,936 $12,913,473 KAL Kalgoorliegoldmining 0.025 -14% 267 $4,596,521 MTM MTM Critical Metals 0.1 -13% 2,933,573 $11,435,265 YRL Yandal Resources 0.135 -13% 114,506 $36,382,554

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Bounty Oil & Gas (ASX:BUY) is raising $1.15m via placement at 0.9c – an 18.2% discount to the last traded price. Each share comes with a listed option, exercisable at 2.5c before 30 November 2025.

MTM Critical Metals (ASX:MTM) is raising $7m at 8c per share to fund the acquisition of Flash Metals and its WA1 Resources’ (ASX:WA1)-adjacent niobium-REE exploration ground.

The popular raise was done at a tiny 3% discount to the 12-day volume weighted average price, but a 33% discount to Tuesday’s high of 12c/sh.

The post Top 10 at 10: A budding brines bonanza? appeared first on Stockhead.

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