10 at 11ish: Magnum Mining inks Saudi deal, Novonix scores US$100m grant

Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, 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.

WINNERS

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

Code Company Price % Volume Market Cap BRU Buru Energy 0.165 38% 1,879,314 $71,525,170 PIM Pinnacle Minerals 0.195 34% 1,746,028 $3,708,375 1MC Morella Corporation 0.006 20% 500,000 $30,693,279 ALY Alchemy Resource Ltd 0.012 20% 848,435 $11,780,763 BFC Beston Global Ltd 0.006 20% 1,133,817 $9,985,234 ICN Icon Energy Limited 0.006 20% 100,000 $3,840,068 TAS Tasman Resources Ltd 0.006 20% 1,000 $3,563,346 MGU Magnum Mining & Exploration 0.027 17% 1,521,131 $18,488,812 NVX Novonix Limited 0.79 17% 3,888,842 $329,811,881 CC9 Chariot Corporation 0.345 17% 303,188 $21,632,813

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Magnum Mining (ASX:MGU) inked a deal with Midmetal of Saudi Arabia to jointly fund a feasibility study on producing zero-carbon “green” pig iron with Magnum.

Battery materials and tech company Novonix (ASX:NVX) announced that its NOVONIX Anode Materials division finalised its US$100 million grant award from the US Department of Energy to expand domestic production of high-performance, synthetic graphite anode materials at its Riverside facility in Chattanooga, Tennessee.

Newly listed lithium explorer Chariot Corporation’s (ASX:CC9) non-executive director has shown his support for the company, ponying up for 180,000 ordinary shares for ~$48k in an on-market trade.

LOSERS

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

Code Company Price % Volume Market Cap AXP AXP Energy Ltd 0.001 -33% 131,340,258 $8,737,021 EDE Eden Inv Ltd 0.002 -33% 13,490,476 $10,090,911 SIT Site Group Int Ltd 0.002 -33% 170,000 $7,807,471 PAR Paradigm Biopharmeuticals 0.43 -28% 2,168,459 $167,788,050 MGL Magontec Limited 0.34 -25% 124,102 $35,631,297 ADS Adslot Ltd. 0.003 -25% 6,868,753 $12,897,982 NZS New Zealand Coastal 0.0015 -25% 13,165,898 $3,334,020 PUA Peak Minerals Ltd 0.003 -25% 350,129 $4,165,506 NGS NGS Ltd 0.01 -23% 1,001,151 $3,265,956 MEM Memphasys Ltd 0.011 -21% 2,602,025 $13,433,285

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Late stage drug development company Paradigm Biopharmaceuticals (ASX:PAR) resumed trading today after entering a trading halt on Monday to announce a $30 million capital raise.

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