Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, which is meant to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide 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 – for better or worse – and then I do my best to make sense of who’s moving where and why it might be happening.
Local markets have opened higher, following a rally on Wall Street overnight, which has moved the ASX 200 benchmark about 0.6% in a better direction than the one it was headed for most of yesterday.
Here’s what’s been happening since the doors were opened this morning
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Code Description Last % Volume MktCap W2V Way2Vat Ltd 0.02 43% 21,169,963 $9,122,518 JBY James Bay Minerals 0.2 43% 422,089 $4,542,300 ATH Alterity Therapeutics 0.005 25% 30,982 $17,531,019 RMX Red Mount Mining 0.0025 25% 245,721 $5,347,152 RR1 Reach Resources Ltd 0.0025 25% 1,047,285 $6,420,594 PRX Prodigy Gold NL 0.007 17% 16,105,112 $10,506,647 ATC Altech Batt Ltd 0.073 16% 4,978,322 $104,159,531 EGR Ecograf Limited 0.15 15% 49,202 $59,024,136 E33 East 33 Limited. 0.023 15% 680,324 $10,741,774 TG1 Techgen Metals Ltd 0.0435 14% 267,115 $4,831,038
James Bay Minerals (ASX:JBY) reports that a review of aeromagnetic and spectromagnetic survey results across its flagship Joule Property, within the 100%-owned La Grande Lithium Project in the James Bay region of Quebec, Canada, has generated significant new rare earths and uranium targets.
Way2VAT (ASX:W2V) has launched the world’s first AI-driven automated accounts payable auditing product, which the company calls “AI-AP Compliance”, designed to work hand-in-hand with its existing suite of AI-powered VAT/GST claim and return solutions.
GreenTech Metals (ASX:GRE) is moving this morning, possibly in response to the company’s presentation at the RIU Explorers conference, but it’s hard to tell.
Hammer Metals (ASX:HMX) is continuing its climb from yesterday, following a positive update delivered to the market on its copper hunting exploits in Queenland’s Mt Isa region.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Code Description Last % Volume MktCap 1MC Morella Corporation 0.003 -25% 4,000 $24,715,198 CTN Catalina Resources 0.004 -20% 500,000 $6,192,434 IND Industrialminerals 0.25 -19% 308,684 $21,315,600 INV Investsmart Group 0.125 -19% 70,000 $22,115,475 VTI Vision Tech Inc 0.23 -15% 10,000 $14,332,410 BUY Bounty Oil & Gas NL 0.006 -14% 175,000 $10,489,507 JTL Jayex Technology Ltd 0.006 -14% 200,000 $1,968,950 ADY Admiralty Resources. 0.007 -13% 22,000 $10,428,633 KGD Kula Gold Limited 0.007 -13% 770,805 $3,385,695 OSL Oncosil Medical 0.007 -13% 43,863 $15,796,329
Uncertainty surrounding a move by NSW to protect coastal waters from offshore drilling is playing havoc with Bounty Oil & Gas (ASX:BUY), despite the company reassuring investors that its PEP 11 well is well beyond the 3 nautical mile exclusion zone, and that it intends to keep exploring.
Catalina Resources (ASX:CTN) is lower, despite news that it has received all relevant permits and engaged the services of a drilling contractor to get a drill program underway at its on Exploration Licence E38/3697 in the Laverton district of WA, within the next few weeks.
Industrial Minerals (ASX:IND) has received first assays from its Pippingarra Quarry RC drilling program, and the results are a little thin. The significant intercepts include 1m @ 1.72% LiO2 from 30m, and 2m @ 1.03% LiO2 from 37m.
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