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 made market-moving announcements (click headings to sort).
Security Description Last % Volume MktCap JAV Javelin Minerals Ltd 0.002 100% 250,000 $2,176,231 LRD Lord Resources 0.093 82% 2,874,490 $1,893,738 LIO Lion Energy Limited 0.042 68% 8,409,148 $10,924,444 C29 C29 Metals 0.1 43% 582,000 $3,777,684 PEK Peak Rare Earths Ltd 0.28 51% 560,717 $49,199,226 ADS Adslot Ltd. 0.003 50% 3,000,000 $6,448,991 PBL Parabellum Resources 0.07 30% 30,000 $3,364,200 AVD Avada Group Limited 0.61 23% 107,536 $42,042,837 LPD Lepidico Ltd 0.006 20% 1,076,400 $38,191,540 ACS Accent Resources NL 0.007 17% 293 $2,838,764
Lion Energy (ASX:LIO) has development approval for its hydrogen generation and refuelling hub project at the Port of Brisbane, with construction to kick off Q2 this year.
The hub will initially focus on supplying hydrogen to domestic public bus fleets, truck fleets, and fuel cell gensets for the construction and mining industry.
Rare earths hopeful Peak Rare Earths (ASX:PEK) drilled into high grade fluorspar at its Ngualla project in Tanzania.
Fluorspar is mainly used in steel, iron, and aluminium production; refrigeration and air conditioning; fluorochemicals; nuclear uranium fuel; and oil refining.
Parabellum Resources (ASX:PBL) hit high grade near surface nickel-cobalt in drilling at the Miandetta-Redlands prospect in NSW.
Serial lithium acquirer MinRes (ASX:MIN) is at it again, inking a deal to farm into Lord Resources’ (ASX:LRD) early stage Horse Rocks project near the Mt Marion mine.
LOSERS
Stocks highlighted in yellow made market-moving announcements (click headings to sort).
Security Description Last % Volume MktCap AXP AXP Energy Ltd 0.001 -50% 640,000 $11,649,361 AL8 Alderan Resource Ltd 0.004 -20% 396,039 $5,534,307 MTB Mount Burgess Mining 0.002 -20% 139,851 $2,612,034 ROG Red Sky Energy 0.004 -20% 46,999 $27,111,136 CLV Clover Corporation 0.685 -15% 24,844 $134,434,470 OMX Orangeminerals 0.023 -15% 100,000 $2,315,255 AML Aeon Metals Ltd. 0.006 -14% 369,212 $7,674,804 YAR Yari Minerals Ltd 0.006 -14% 153,801 $3,376,505 ALA Arovella Therapeutic 0.135 -13% 1,674,423 $143,399,217 AUH Austchina Holdings 0.0035 -13% 250,000 $8,311,535
Sales revenue plummeted 39% to $27.3m in the half year ending 31 January, says infant formula stock Clover Corp (ASX:CLV).
It blames declining global birth rates, a shift in Chinese manufacturing preferences towards Algae DHA over fish DHA, and intensified competition in a shrinking market for continued sluggish demand.
Orange Minerals (ASX:OMX) drilled a bunch of dusters in a phase one 1000m program at the Eastern Gold Fields project.
The post Top 10 at 10: MinRes keeps expanding its Lithium Empire, Brissie hydrogen hub gets the green light appeared first on Stockhead.
