Top 10 at 10: Pinnacle gains on uranium update, Evolution plummets

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 Description Last % Volume MktCap MRD Mount Ridley Mines 0.002 100% 561,595 $7,784,883 KEY KEY Petroleum 0.0015 50% 3,563,007 $2,262,928 MCT Metalicity Limited 0.003 50% 364,999 $8,970,108 PIM Pinnacle Minerals 0.155 29% 592,377 $4,159,574 1MC Morella Corporation 0.005 25% 1,721,894 $24,715,198 ESR Estrella Res Ltd 0.005 25% 1,586,984 $7,037,487 AQI Alicanto Min Ltd 0.044 22% 134,991 $22,152,125 MAN Mandrake Resources 0.046 21% 2,675,583 $23,398,877 ADG Adelong Gold Limited 0.006 20% 100,000 $3,498,278 IEC Intra Energy Corp 0.003 20% 5,794,357 $4,151,954

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Pinnacle Minerals (ASX:PIM) has announced that recent satellite and radar imagery analysis has highlighted potential for uranium within the Narlaby Paleochannel in its newly granted Wirrulla project in South Australia.

The paleochannel is linked to isoEnergy’s Yarranna project which has uranium intercepts of up to 3,550ppm.

Intra Energy (ASX:IEC) says initial pegmatite sampling at its recently acquired Maggie Hays Hill lithium project in the Lake Johnston region of WA has revealed highly anomalous levels of key lithium pathfinder minerals niobium, tantalum caesium and beryllium.

LOSERS

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

Code Description Last % Volume MktCap FAU First Au Ltd 0.003 -25% 1,250,000 $6,647,973 AMD Arrow Minerals 0.005 -17% 11,422,769 $20,842,591 RMX Red Mount Mining 0.003 -14% 251,500 $9,357,516 TX3 Trinex Minerals Ltd 0.006 -14% 300,000 $10,409,173 CMX Chemxmaterials 0.073 -14% 10,000 $4,524,767 ERA Energy Resources 0.061 -14% 1,669,864 $1,572,529,242 EVN Evolution Mining Ltd 3.24 -14% 4,812,612 $7,408,149,488 BUY Bounty Oil & Gas NL 0.007 -13% 168,308 $11,988,008 5EA 5Eadvanced 0.21 -13% 163,145 $74,273,911 USL Unico Silver Limited 0.105 -13% 348,273 $35,526,191

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Gold miner Evolution Mining (ASX:EVN) has provided its December quarterly update reporting gold production of 161,073 ounces at an all-sustaining cost (AISC) of $1,618 per ounce.

Evolution Mining $EVN reported gold production for the second quarter that missed the average analyst estimate. Details below: pic.twitter.com/5fvy5sGmrl

— CommSec (@CommSec) January 16, 2024

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