Top 10 at 10: Silver hits and a big lithium rally

Estimated read time 2 min read

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 SIH Sihayo Gold Limited 0.0025 150% 6162339 $12,204,256 CAV Carnavale Resources 0.005 25% 1257310 $13,694,207 HLX Helix Resources 0.005 25% 871000 $9,292,583 YAR Yari Minerals Ltd 0.005 25% 997010 $1,929,431 ICG Inca Minerals Ltd 0.006 20% 2267262 $4,023,694 SIT Site Group Int Ltd 0.003 20% 132500 $6,506,226 OCN Oceana Lthium 0.056 19% 234208 $2,541,596 KNO Knosys Limited 0.039 18% 42332 $7,132,577 ARD Argent Minerals 0.02 18% 10685300 $21,959,903 CNQ Clean Teq Water 0.38 17% 8479 $21,179,818

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Argent Minerals (ASX:ARD) drills into thick and high grade silver from surface to expand the mineralised footprint at the flagship Kempfield polymetallic deposit in NSW.

Highlights include 88m at 25.23g/t silver from 2m depth.

Oceana Lithium (ASX:OCN) defined a large uranium anomaly, +4.5km long and 700m wide, and the Napperby project in the Northern Territory.

Software stock Knosys (ASX:KNO) reported a profit of $507K in Q3 FY24, and said it was “on track to deliver a strong maiden annual positive EBITDA and positive cashflow in FY24”.

 

At the larger end …

Lithium stocks are flying in early trade, led by Arcadium (ASX:LTM), Liontown (ASX:LTR), IGO (ASX:IGO), and Pilbara Minerals (ASX:PLS).

Lithium futures are rallying today following China’s publication of its new auto policy aimed at boosting consumption. https://t.co/adNhUDoKJx pic.twitter.com/voHVAVd1SC

— Thematica (@Thematicafunds) April 29, 2024

 

LOSERS

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

Security Description Last % Volume MktCap OAR OAR Resources Ltd 0.001 -50% 2,640,000 $6,306,622 OVT Ovanti Limited 0.024 -41% 3,807,158 $46,568,845 MRQ MRG Metals Limited 0.001 -33% 91,923 $3,787,678 LSR Lodestar Minerals 0.0015 -25% 1,510,000 $4,046,795 XGL Xamble Group Limited 0.04 -20% 3,000 $14,779,241 LPD Lepidico Ltd 0.0025 -17% 250,000 $22,914,924 EXR Elixir Energy Ltd 0.11 -15% 2,237,991 $147,244,538 AJL AJ Lucas Group 0.011 -15% 29,007 $17,884,485 FGH Foresta Group 0.011 -15% 318,023 $29,237,703 RGL Rivers Gold 0.006 -14% 292,469 $6,773,630

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