Top 10 at 10: ‘Outstanding’ lithium hits and a $30m ADF cash splash

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 PL3 Patagonia Lithium 0.16 33% 754,397 $5,895,420 PPK PPK Group Limited 0.57 33% 418,516 $38,394,396 BCA Black Canyon Limited 0.145 32% 84,495 $7,715,561 OSL Oncosil Medical 0.005 25% 500,000 $11,906,838 VML Vital Metals Limited 0.005 25% 996,775 $23,580,268 5GG Pentanet 0.057 21% 8,638,359 $20,359,068 AI1 Adisyn Ltd 0.019 19% 26,000 $2,821,593 HXG Hexagon Energy 0.023 15% 469,065 $10,258,318 A1G African Gold Ltd. 0.032 14% 251,573 $4,915,180 IBG Ironbark Zinc Ltd 0.0045 13% 690,545 $6,375,490

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Explorer Patagonia Lithium (ASX:PL3) announces “outstanding” assay results from its first drill well at the Formentera brines project in Argentina.

The highlight intercept was 200m at 235ppm from 170m depth, including a 21m chunk grading 591ppm.

“An interval of 200m with lithium values over 235ppm is truly an indication of a world class project,” boss Phil Thomas says.

“Additionally, we have the great brine flow results previously announced.

“Brine flow is as important as lithium assay values and we have achieved evidence of both parts of the equation for a prospective successful project.”

PPK Group (ASX:PPK) subsidiary Craig International Ballistics scores a $30m order for body armour from Aussie Defence Force.

Craig, which has already supplied over 600,000 high quality Queensland-made body armour components for the ADF, will manufacture and deliver a new order of body armour components to help protect troops from moving threats like fragmentation, and low and high velocity rounds.

 

LOSERS

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

Security Description Last % Volume MktCap EDE Eden Inv Ltd 0.001 -33% 200,250 $5,517,407 CHK Cohiba Minerals 0.003 -25% 121,592 $14,352,977 ME1 Melodiol Global Health 0.003 -25% 45,022,443 $2,693,949 ACW Actinogen Medical 0.03 -21% 2,274,000 $88,422,987 PRX Prodigy Gold NL 0.002 -20% 200,000 $5,034,435 CDT Castle Minerals 0.005 -17% 94,264 $7,346,958 EXL Elixinol Wellness 0.005 -17% 16,207 $7,806,444 LNR Lanthanein Resources 0.005 -17% 21,853,268 $11,729,453 SGC Sacgasco Ltd 0.005 -17% 19,714 $4,678,122 NME Nex Metals Explorat 0.023 -15% 50,000 $9,518,378

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