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 that have made announcements.
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.
Anyway… 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 NIM Nimy Resources 0.062 41% 190,881 $6,178,639 ADG Adelong Gold Limited 0.004 33% 10,667 $2,641,467 NAE New Age Exploration 0.004 33% 2,040,085 $5,381,697 EEL Enrg Elements Ltd 0.005 25% 805,365 $4,039,860 TIG Tigers Realm Coal 0.005 25% 675,058 $52,266,809 VML Vital Metals Limited 0.005 25% 300,000 $23,580,268 BUR Burley Minerals 0.08 23% 194,585 $6,779,289 RCL Readcloud 0.055 22% 194,582 $6,579,203 AKN Auking Mining Ltd 0.024 20% 16,552 $4,707,074 RR1 Reach Resources Ltd 0.003 20% 100,000 $9,225,051
Thursday morning’s fastest mover was Nimy Resources (ASX:NIM), up more than +100% on news that drilling at Block 3 within the company’s Mons project in WA has returned intersections of elevated copper, gold, silver mineralisation in massive sulphides plus high-grade gallium and rare earth oxide mineralisation.
Burley Minerals (ASX:BUR) was continuing its good fortune from Wednesday, with investors impressed by a presentation outlining the company’s plans for maiden drilling planned at its Hamersley iron ore projects, and progress from its advanced lithium exploration in Quebec.
eLearning solutions provider Readcloud (ASX:RCL) was up after delivering its March quarterly, showing a record $5.22 million in cash receipts from customers (up 44% on the March 2023 quarter), and $1.94 million positive net cash from operations, up 52% on the March 2023 quarter.
New Age Exploration (ASX:NAE) was gaining on reports that the company has defined several Hemi Style intrusive and structural gold targets at its Wagyu gold project in the Pilbara, following a comprehensive review of existing geophysical data by Chief Geological Consultant, Greg Hudson.
Castile Resources (ASX:CST) was up on news that its 100%-owned Rover 1 iron oxide copper gold (IOCG) project located in the historically rich copper/gold fields of the Tennant Creek region has been awarded Major Project Status (MPS) by the Northern Territory Government.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Code Description Last % Volume MktCap NIM Nimy Resources 0.062 41% 190,881 $6,178,639 ADG Adelong Gold Limited 0.004 33% 10,667 $2,641,467 NAE New Age Exploration 0.004 33% 2,040,085 $5,381,697 EEL Enrg Elements Ltd 0.005 25% 805,365 $4,039,860 TIG Tigers Realm Coal 0.005 25% 675,058 $52,266,809 VML Vital Metals Limited 0.005 25% 300,000 $23,580,268 BUR Burley Minerals 0.08 23% 194,585 $6,779,289 RCL Readcloud 0.055 22% 194,582 $6,579,203 AKN Auking Mining Ltd 0.024 20% 16,552 $4,707,074 RR1 Reach Resources Ltd 0.003 20% 100,000 $9,225,051
Both RPM Automotive (ASX:RPM) and Cobalt Blue Holdings (ASX:COB) are showing dips this morning on news of placements and cap raising activity.
The post Top 10 at 11: Some great golden news and an uptick for elearning set the pace appeared first on Stockhead.
