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).
7 Description Last % Volume MktCap OAR OAR Resources Ltd 0.002 100% 586,469 $3,153,311 WSR Westar Resources 0.015 36% 19,746,152 $2,548,666 CHK Cohiba Min Ltd 0.004 33% 5,795,012 $10,764,733 TGH Terragen 0.025 25% 90,650 $7,381,623 BFC Beston Global Ltd 0.005 25% 54,167 $7,988,188 ME1 Melodiol Global Health 0.0025 25% 121,983 $1,426,974 PRX Prodigy Gold NL 0.003 20% 75,000 $5,034,435 ANX Anax Metals Ltd 0.047 18% 9,381,657 $23,652,684 LPD Lepidico Ltd 0.0035 17% 633,414 $22,914,924 ODE Odessa Minerals Ltd 0.0035 17% 894,007 $3,129,848
Moving on Tuesday morning was Westar Resources (ASX:WSR) , after delivering some great finds from the Mindoolah Mining Centre, where stockpile grab samples have returned assays up to 40.7g/t Au and 214g/t Ag, with other samples testing at 13.6, 12.3, 9.4, 6.9, 5.8g/t Au.
The company is also reporting a 1.7g/t Au and 16.1g/t Ag rock chip sample from quartz vein in the Mindoolah Main Reef open pit, and says that a systematic stockpile and open pit sampling program is planned for the site.
Antilles Gold (ASX:AAU) was moving on news that results of the Scoping Study for the first stage of the proposed Nueva Sabana gold-copper mine in Cuba are in, showing that the deposit has a small 3g/t gold cap, an underlying copper-gold zone, and a deeper sulphide copper zone that is open at depth at 150m, and could potentially transition into the El Pilar porphyry copper deposit which is offset to the south.
Brazilian Critical Minerals (ASX:BCM) was up after announcing “outstanding magnetic REO (Nd, Pr, Dy, Tb) recoveries” averaging 68% overall, with world class recoveries averaging 69% NdPr and 48% DyTb from a bulk sample analysed at ANSTO1 confirmed at the company’s Ema rare earth project.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Code Description Last % Volume MktCap APC Aust Potash Ltd 0.001 -75% 12,897,683 $16,000,757.96 AXP AXP Energy Ltd 0.001 -50% 769,999 $11,649,361.35 JAV Javelin Minerals Ltd 0.001 -33% 6,947 $3,264,346.18 VPR Volt Power Group 0.001 -33% 720,000 $16,074,312.32 SHO Sportshero Ltd 0.004 -20% 4,788,602 $3,089,164.19 VML Vital Metals Limited 0.004 -20% 452,573 $29,475,334.76 AFA ASF Group Limited 0.04 -18% 16,000 $38,827,479.17 NRZ Neurizer Ltd 0.0025 -17% 26,000,000 $4,959,537.87 SVG Savannah Goldfields 0.03 -14% 17,000 $9,837,972.06 HLX Helix Resources 0.0035 -13% 1,250,000 $9,292,583.37
Helix Resources (ASX:HLX) was down this morning ahead of an investor webinar, at which newly-minted Managing Director, Dr Kylie Prendergast and Chair, Mr Mike Rosenstreich, are set to provide an update on how things are going at the company’s exploration progress on its Cobar tenements and an entitlements offer to raise $2.3 million which is currently underway.
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