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).
Code Company Price % Volume Market Cap
Base Resources (ASX:BSE) has announced a proposed 100% acquisition by NYSE-listed uranium and critical minerals producer, Energy Fuels, which will acquire 100% of its issued shares BSE with the aim to create a global leader in critical minerals.
Lightning Minerals (ASX:L1M) has inked a binding deal to acquire Bengal Mining Pty Ltd which holds, via its wholly-owned subsidiary Tigre Mineracao Ltda (Tigre), option agreements over two lithium projects, Caraíbas and Sidrônio in Brazil’s ithium Valley district in the state of Minas Gerais.
Orion Minerals (ASX:ORN) says initial results from diamond drilling at Flat Mine East, part of the Okiep Copper Project in the Northern Cape Province of South Africa, are the highest-grade drill intercept ever recorded in the area and confirm high-grade copper intercepts returned from drilling completed in 1995 by the previous owners, Goldfields. Drill hole OFMED153 returned 49m at 4.89% Cu from 231m down hole, including 10.23m at 12.47% Cu.
Lanthanein Resources (ASX:LNR) says a new large lithium soil anomaly with a strike of ~4km has been identified in the recently completed soil sampling program at Lady Grey Project including a peak result of 454ppm Li2O, with a total of 527 samples returning ≥150ppm Li2O.
LOSERS
Stocks highlighted in yellow made market-moving announcements (click headings to sort).
Code Company Price % Volume Market Cap 88E 88 Energy Ltd 0.004 -20% 10,445,695 $125,620,313 HLX Helix Resources 0.004 -20% 8,683,370 $11,615,729 DRO Droneshield Limited 0.905 -19% 7,006,842 $690,484,044 ENT Enterprise Metals 0.0025 -17% 1,100,000 $2,405,913 EXL Elixinol Wellness 0.005 -17% 7,046 $7,806,444 LCL LCL Resources Ltd 0.01 -17% 677,137 $11,462,706 NRZ Neurizer Ltd 0.005 -17% 256,068 $9,008,465 AUQ Alara Resources Ltd 0.068 -15% 403,856 $57,447,003 1MC Morella Corporation 0.003 -14% 183,085 $21,625,798 AYT Austin Metals Ltd 0.006 -14% 533,394 $8,996,339
DroneShield (ASX:DRO) says it has upsized its fully-underwritten two-tranche placement from $70m to ~$100m following strong support from existing and new domestic and international institutions and sophisticated investors. DRO says it’s also undertaking a share purchase plan to raise $5m, providing “the opportunity for all shareholders to participate in the capital raising”.
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