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 APC Aust Potash Ltd 0.0015 50% 366,602 $4,000,189 AXP AXP Energy Ltd 0.0015 50% 381,235 $5,824,681 RML Resolution Minerals 0.003 50% 300,000 $3,220,044 POS Poseidon Nick Ltd 0.0055 38% 6,071,998 $14,854,139 AON Apollo Minerals Ltd 0.029 32% 520,802 $15,319,544 HLX Helix Resources 0.005 25% 20,538,683 $9,292,583 PH2 Pure Hydrogen Corp 0.18 24% 1,348,861 $51,979,719 KP2 Kore Potash PLC 0.017 21% 937,781 $9,215,703 SUM Summitminerals 0.19 19% 1,784,089 $7,625,140 PNN Power Minerals Ltd 0.16 19% 847,448 $12,501,680
Poseidon Nickel (ASX:POS) is looking on the bright side after the proposed sale of its Lake Johnson nickel-lithium project to Minerals Resources (ASX:MRL) fell through.
Exploration, in hiatus for four months while the sales process was taking place, has now kicked off again, with POS unearthing a bunch of greenfields targets to test with the drill bit.
The recovering nickel price is also helping.
Nickel up almost 3% today crossing that 20,000 usd/tonne resistance.
— West_Perth_Ponderer (@ASX_invest) May 17, 2024
Helix Resources (ASX:HLX) raised $2.8m via rights issue to fund a drill campaign currently underway on a high priority geophysics anomaly at the Canbelego copper project near Cobar.
Power Minerals (ASX:PNN) has secured a handful of Singaporean and Chinese partners to develop its Rincon lithium project in Argentina.
On establishment of the Rincon JV, PNN will hold a 41% interest and Chinese entity Li Energy Technology will hold a 59% interest.
Electricity provider Locality Planning Energy Holdings (ASX:LPE) updates FY24 guidance for a significant improvement in net profit to the range of $1.95m to $2m, compared to a net loss of $12m for FY23.
LOSERS
Stocks highlighted in yellow made market-moving announcements (click headings to sort).
Security Description Last % Volume MktCap IEC Intra Energy Corp 0.002 -33% 2,701,597 $5,072,345 SIH Sihayo Gold Limited 0.002 -33% 1,060,128 $36,612,769 BFC Beston Global Ltd 0.003 -25% 14,721 $7,988,188 GMN Gold Mountain Ltd 0.003 -25% 5,562 $11,902,023 ODE Odessa Minerals Ltd 0.003 -25% 1,150,000 $4,173,130 MSI Multistack Internat. 0.01 -23% 982 $1,771,951 KPO Kalina Power Limited 0.004 -20% 253,772 $12,431,970 PUA Peak Minerals Ltd 0.004 -20% 13,769 $5,206,883 CDT Castle Minerals 0.005 -17% 712,929 $7,346,958 MTL Mantle Minerals Ltd 0.0025 -17% 250,667 $18,592,338
The post Top 10 at 10: Sluggish nickel stocks stir, lithium junior inks ‘transformational’ development JV appeared first on Stockhead.
