Top 10 at 10: It’s a big BHP cash splash

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 Description Last % Volume MktCap CBE Cobre 0.062 51% 4,611,080 $11,763,351 MSG MCS Services 0.014 40% 449,999 $1,980,997 YOJ Yojee Limited 0.004 33% 300,000 $7,636,629 BXN Bioxyne Ltd 0.015 25% 500,131 $22,819,745 AMD Arrow Minerals 0.006 20% 1,846,152 $17,368,825 TBN Tamboran 0.175 17% 372,114 $309,043,080 AHF Aust Dairy Limited 0.014 17% 65,615 $7,756,402 CCO The Calmer Co Int 0.007 17% 1,055,054 $5,144,971 MTB Mount Burgess Mining 0.0035 17% 15,407 $3,134,440 EFE Eastern Resources 0.008 14% 75,000 $8,693,625

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BHP will give junior African explorer Cobre (ASX:CBE) US$500,000 as part of its 2024 Xplor program.

CBE intends to use the cash to assess and progress targets which have the potential to host tier-one copper-silver deposits. Fellow recipient Hamelin Gold (ASX:HMG) also made strong gains in early trade.

A presentation was given this morning by new Arrow Minerals (ASX:AMD) managing director Dave Flanagan, formerly of Atlas Iron and Delta Lithium.

Arrow has an iron ore project along strike and adjoining the giant Simandou iron ore project under development by a consortium of companies, including Rio Tinto (ASX:RIO).

And health and wellness stock The Calmer Co (ASX:CCO) says December ecommerce sales have again materially increased and now have surpassed $250,000:

 

LOSERS

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

Code Description Last % Volume MktCap ME1 Melodiol Global Health 0.001 -50% 325,215,492 $9,833,237 YPB YPB Group Ltd 0.001 -50% 4,400 $1,580,923 JAV Javelin Minerals Ltd 0.0015 -25% 454,132 $3,267,458 PNT Panther Metals 0.045 -25% 46,613 $5,101,500 CTO Citigold Corp Ltd 0.004 -20% 283,500 $15,000,000 MXC MGC Pharmaceuticals 0.32 -17% 7 $16,882,878 SKY SKY Metals Ltd 0.03 -17% 1,049,949 $16,610,331 ECT Env Clean Tech Ltd. 0.005 -17% 3,333 $17,185,862 MTL Mantle Minerals Ltd 0.003 -14% 6,220,000 $21,691,060 BMR Ballymore Resources 0.13 -13% 129,412 $26,449,588

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Sky Metals (ASX:SKY) increased tin inventory at the Tallebung project to 15.6Mt @ 0.15% for 23.2kt of contained tin at 0.08% cutoff.

While tonnages have increased, grade and cut-off grade are down from the maiden resource of 10.2Mt @ 0.18% tin at a 0.10% cutoff.

The post Top 10 at 10: It’s a big BHP cash splash appeared first on Stockhead.

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