10 at 11ish: First Au gets nod for bulk sampling at Victorian gold project

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 EDE Eden Innnovations 0.003 50% 250,000 $6,727,274 MTH Mithril Resources 0.0015 50% 866,675 $3,368,804 VPR Volt Power Group 0.0015 50% 75,870 $10,716,208 FAU First Au Ltd 0.0025 25% 1,033,333 $2,903,987 ICN Icon Energy Limited 0.006 20% 88,833 $3,840,068 CGR CGN Resources 0.245 17% 812,630 $19,063,420 EXT Excite Technology 0.007 17% 414,402 $7,255,450 ME1 Melodiol Global Health 0.0035 17% 74,286 $11,487,311 MOH Moho Resources 0.007 17% 346,640 $2,040,267 ZNC Zenith Minerals Ltd 0.095 16% 30,616 $28,895,232

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First Au (ASX:FAU) has received statutory endorsement from Earth Resources and Regulation for its work plan in relation to the proposed bulk sampling at the Snowstorm Gold Project in East Gippsland, Victoria.

Melodiol Global Health (ASX:ME1) says its wholly-owned Canadian subsidiary Mernova Medicinal has achieved its highest ever monthly revenue of nearly $900k in October with already purchase orders of more than $600k in November.

Zenith Minerals (ASX:ZNC) says executive chairman David Ledger has resigned to pursue other interests along with non-executive director Andrew Bruton due to other interests from close of business today.

LOSERS

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

Code Company Price % Volume Market Cap CLE Cyclone Metals 0.001 -33% 848,768 $15,396,757 EMU EMU NL 0.001 -33% 220,000 $2,501,282 NHE Noble Helium 0.155 -28% 2,677,949 $55,551,582 DOU Douugh Limited 0.004 -20% 532,142 $5,338,545 MRQ MRG Metals Limited 0.0025 -17% 1,000,000 $6,617,756 BEX Bikeexchange Ltd 0.006 -14% 139,706 $10,028,408 VAL Valor Resources Ltd 0.003 -14% 474,955 $13,556,672 HXL Hexima 0.02 -13% 500 $3,841,911 OAU Ora Gold Limited 0.007 -13% 12,228,917 $38,309,999 SSR SSR Mining Inc. 19 -12% 431,612 $478,216,415

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Noble Helium (ASX:NHE) says after previously announcing reaching tophole casing point after encountering gas and helium the open hole section of Mbelele at its North Rukwa Helium Project in Tanzania has now been drilled to total depth of 400m TVD.

Ora Gold (ASX:OAU) has has announced it has received firm commitments to raise $5 million via a placement of more than 833 million fully paid ordinary shares at an issue price of $0.006/new share to institutional and sophisticated investors.

International gold producer SSR Mining (ASX:SSR) has released its Q3 FY23 results, which included quarterly production of 192,195 gold equivalent ounces at a cost of sales of $1095 and AISC of $$1289 per ounce. SSR remains on track for the low end of consolidated production guidance of 700,00 gold equivalent ounces.

At Stockhead, we tell it like it is. While Melodiol Global Health is a Stockhead advertiser, it did not sponsor this article.

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