Top 10 at 10: Uranium speccies on the rise as wilting lithium developer Liontown sinks below $1

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 ME1 Melodiol Global Health 0.0015 50% 1,146,334 $4,916,618 KOB Koba Resources 0.15 25% 961,401 $12,650,000 HCD Hydrocarbon Dynamic 0.005 25% 426,000 $3,078,664 EV1 Evolution Energy 0.16 23% 179,830 $30,596,429 FBR FBR Ltd 0.033 22% 11,562,126 $107,323,064 RTH Ras Technology Holdings 1.135 21% 39,478 $42,538,867 ASR Asra Minerals Ltd 0.007 17% 5,454,374 $9,818,974 RR1 Reach Resources Ltd 0.0035 17% 120,012 $9,630,891 TX3 Trinex Minerals Ltd 0.007 17% 550,000 $8,922,148 NZK NZK Salmon Ltd 0.265 15% 6,890 $124,534,583

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Koba Resources (ASX:KOB) will buy an 80% interest in uranium rights at the 4000sqkm Yarramba project in South Australia.

Yarramba – which comes with the 4.6Mlb Oban deposit — is near two producing uranium mines, Beverley and Honeymoon.

Hydrocarbon Dynamics (ASX:HCD) says a successful trial of its MultiFlow on an offshore subsea pipeline in the Gulf of Mexico had led to a repeat order, which could be worth up to $2.2m annually.

Robot house maker FBR (ASX:FBR) has raised $12.6m at 2.7c/sh – equal to the last closing price – to advance its so-called ‘Wall as a Service’ business in the US.

Data stock Racing and Sports Technology (ASX:RAS) has inked a 2 year deal with Stake, one of the largest online casino and sportsbooks in the world.

LOSERS

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

Code Description Last % Volume MktCap APX Appen Limited 0.275 -40% 7,828,290 $97,274,845 CLE Cyclone Metals 0.001 -33% 69,579,037 $15,706,757 EDE Eden Inv Ltd 0.0015 -25% 334 $7,356,542 CHK Cohiba Minerals 0.002 -20% 1,000,000 $6,325,575 LTR Liontown Resources 0.965 -19% 11,999,705 $2,894,271,782 COE Cooper Energy Ltd 0.12 -17% 4,660,480 $382,805,543 GBE Globe Metals & Mining 0.033 -15% 168,841 $26,358,836 SPN Sparc Tech Ltd 0.32 -15% 328,399 $32,117,128 RIL Redivium Limited 0.006 -14% 103,192 $19,115,984 LBT LBT Innovations 0.013 -13% 886 $18,901,067

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AI data stock Appen (ASX:APX) says “material customer” Google will be terminating its contract with APX worth $82.8m in revenues in FY23.

Lithium mine developer Liontown (ASX:LTR) says a $760m funding deal with a syndicate of lenders has fallen though, “impacted by recent reductions in the independent forecast pricing for spodumene upon which the lenders’ credit approvals were based”.

The troubled stock has commenced a review of the planned expansion and associated ramp-up of Kathleen Valley to preserve capital and reduce the near-term funding requirements.

LTR is now down below $1/sh, from a peak of over $3 in October last year.

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