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 G50 Gold50Limited 0.15 50% 193,128 $10,929,000 ENX Enegex Limited 0.026 37% 622,972 $7,009,404 MRD Mount Ridley Mines 0.002 33% 250,000 $11,677,324 BNZ Benzmining 0.21 31% 65,500 $17,804,476 IS3 I Synergy Group Ltd 0.009 29% 6,000 $2,128,563 ZNO Zoono Group Ltd 0.1 25% 171,631 $17,094,192 CAV Carnavale Resources 0.005 25% 1,250,000 $13,694,207 BAS Bass Oil Ltd 0.055 22% 952,292 $12,077,750 ASH Ashley Services Grp 0.275 17% 200,547 $33,834,337 KAU Kaiser Reef 0.145 21% 205,792 $20,525,267
ENEGEX (ASX:ENX) has new exploration ground at its Perenjori project in the West Yilgarn, the same neighbourhood as Chalice Mining’s (ASX:CHN) 560Mt Gonneville project.
The newly granted exploration license covers Rocky Ridge, a 6.5km-long gold target defined by elevated gold anomalism at surface and promising shallow drill results, including 7m at 2.52g/t to end of hole.
Bass Oil (ASX:BAS) will kick off an Extended Production Test (EPT) at the Kiwi project “as soon as possible” to confirm the potential field size and gas composition.
“Bass has increased confidence that Kiwi contains a commercial volume of gas, providing the pathway for the company to enter the eastern states’ gas market,” it says.
LOSERS
Stocks highlighted in yellow made market-moving announcements (click headings to sort).
Security Description Last % Volume MktCap CAI Calidus Resources 0.12 -27% 244,773 $101,086,600 1AG Alterra Limited 0.003 -25% 44,711 $3,482,763 MCT Metalicity Limited 0.002 -20% 10,000 $11,212,634 ROG Red Sky Energy 0.004 -20% 259,938 $27,111,136 ICG Inca Minerals Ltd 0.005 -17% 50,000 $4,792,627 MOH Moho Resources 0.005 -17% 15,000 $3,235,069 EM2 Eagle Mountain 0.059 -14% 1,244,199 $21,042,714 LVH Livehire Limited 0.025 -14% 71,000 $10,622,860 GTR Gti Energy Ltd 0.007 -13% 2,152,956 $16,399,577 CZN Corazon Ltd 0.008 -11% 9,434 $5,540,381
Stuttering WA gold miner Calidus (ASX:CAI) will raise $16.5m and restructure its hedge book and debt repayments with lender Macquarie, which could result in an extra ~$31m profit in 2024.
The placement will be done at 11.5c per share, a 30.3% discount to the last closing price, and a 45% discount to a ~$40m raise completed April last year.
The post Top 10 at 10: Bass goes deep for a solution to the East Coast gas shortage appeared first on Stockhead.
