Top 10 at 10: dusting off The Big One amidst copper’s record-breaking rise

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 AVW Avira Resources Ltd 0.002 100% 1,000,000 $2,663,790 JTL Jayex Technology Ltd 0.002 100% 1,327,978 $281,279 MRQ Mrg Metals Limited 0.002 100% 250,000 $2,525,119 CCZ Castillo Copper Ltd 0.008 60% 5,603,964 $6,497,527 JAV Javelin Minerals Ltd 0.0015 50% 550,894 $2,176,231 MTL Mantle Minerals Ltd 0.003 50% 333,333 $12,394,892 BFC Beston Global Ltd 0.004 33% 750,000 $5,991,141 IPB IPB Petroleum Ltd 0.008 33% 2,068,700 $3,390,735 LSR Lodestar Minerals 0.002 33% 1,352,000 $3,035,096 PUA Peak Minerals Ltd 0.005 25% 765,000 $4,165,506

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With copper on a tear “plans are underway” to develop the 21,886 tonne Big One deposit, part of Castillo Copper’s (ASX:CCZ) NWQ project in Queensland.

Once approvals are secured, CCZ’s geology team will also undertake soil and rock chip sampling at an area north of the known orebody where there is a sizeable, untested, bedrock conductor.

“The presence of malachite, azurite, and cuprite on the surface above potential targets, adjacent tenement holdings owned by majors, and the relative proximity to established and historic mine sites underpin the Big One deposit’s exploration potential,” chief geologist Joel Logan says.

 

LOSERS

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

Security Description Last % Volume MktCap MRD Mount Ridley Mines 0.001 -50% 250,000 $15,569,766 ADG Adelong Gold Limited 0.003 -25% 300,000 $4,321,956 AVE Avecho Biotech Ltd 0.003 -25% 68,000 $12,677,188 ROG Red Sky Energy. 0.003 -25% 20,000 $21,688,909 CRB Carbine Resources 0.004 -20% 2,292 $2,758,689 VRC Volt Resources Ltd 0.004 -20% 135,000 $20,793,391 PVW PVW Res Ltd 0.025 -17% 350,000 $3,042,143 LNR Lanthanein Resources 0.005 -17% 17,767,659 $11,729,453 ME1 Melodiol Glb Health 0.0025 -17% 1,528,849 $2,140,462 PRX Prodigy Gold NL 0.0025 -17% 218,999 $6,041,322

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