{"id":3257,"date":"2023-12-15T00:17:58","date_gmt":"2023-12-15T00:17:58","guid":{"rendered":"https:\/\/economicherald.net\/?p=3257"},"modified":"2023-12-15T00:17:58","modified_gmt":"2023-12-15T00:17:58","slug":"top-10-at-11-if-youre-a-fan-of-market-movement-for-no-apparent-reason-todays-your-lucky-day","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=3257","title":{"rendered":"Top 10 at 11: If you\u2019re a fan of market movement for no apparent reason, today\u2019s your lucky day"},"content":{"rendered":"

Good morning, and welcome to Stockhead\u2019s 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.<\/p>\n

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading \u2013\u00a0for better or worse \u2013\u00a0and then I do my best to make sense of who\u2019s moving where and why it might be happening.<\/p>\n

Here\u2019s what\u2019s been happening since the doors were opened this morning\u2026 there\u2019s lots happening, but hardly anyone\u2019s offering much in the way of explanation.<\/p>\n

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WINNERS<\/h2>\n

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).<\/p>\n

<\/div>\n
Code Company Price % Volume Market Cap CLE Cyclone Metals 0.0015 50% 500,000 $10,471,172 RML Resolution Minerals 0.004 33% 5,000,000 $3,771,875 EWC Energy World Corpor. 0.025 25% 1,387,991 $61,578,425 GMN Gold Mountain Ltd 0.005 25% 2,503,926 $9,076,314 RDS Redstone Resources 0.006 20% 948,988 $4,606,892 KZR Kalamazoo Resources 0.115 17% 93,200 $16,794,208 TMR Tempus Resources Ltd 0.007 17% 100,358 $2,070,767 AD1 AD1 Holdings Limited 0.007 17% 556,587 $5,153,550 OAR OAR Resources Ltd 0.0035 17% 112,526 $7,923,183 G11 G11 Resources Ltd 0.029 16% 853,117 $18,728,053 <\/div>\n

WordPress Tables Plugin<\/a><\/p>\n

\u00a0<\/p>\n

Cyclone Metals (ASX:CLE)<\/strong><\/a> is up this morning on happy news regarding the first phase of metallurgical test work performed on its flagship Block 103 \/ Iron Bear Magnetite Iron Ore Project in Canada \u2013 the company says direct reduction magnetite concentrate produced grading 70.6% Fe with very low deleterious elements and silica below 1.2% which is \u201cworld class\u201d.<\/p>\n

Australian Vanadium (ASX:AVL)<\/strong><\/a> is climbing this morning on news that construction of its vanadium electrolyte manufacturing facility in the northern suburbs of Perth is now complete.<\/p>\n

\u00a0<\/p>\n

LOSERS<\/h2>\n

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).<\/p>\n

<\/div>\n
Code Company Price % Volume Market Cap MCT Metalicity Limited 0.001 -50% 24,203 $8,970,108 MRQ Mrg Metals Limited 0.002 -33% 11,966,996 $6,617,756 SIT Site Group Int Ltd 0.002 -33% 55,555 $7,807,471 IVZ Invictus Energy Ltd 0.16 -22% 9,386,891 $264,647,124 VMS Venture Minerals 0.008 -20% 4,207,234 $19,500,130 AVE Avecho Biotech Ltd 0.003 -14% 1,437,024 $11,092,540 KRR King River Resources 0.012 -14% 6,970,620 $21,749,349 RNE Renu Energy Ltd 0.014 -13% 99,915 $8,071,151 BMM Balkanminingandmin 0.105 -13% 137,495 $8,524,862 CBL Control Bionics 0.036 -12% 2,500 $5,939,737 <\/div>\n

WordPress Tables Plugin<\/a><\/p>\n

\u00a0<\/p>\n

Invictus Energy (ASX:IVZ)<\/strong><\/a> is showing a drop this morning, despite news that the company has found an additional gas discovery from the Mukuyu-2 sidetrack well in the Lower Angwa formation at its 80% owned and operated Cabora Bassa Project in Zimbabwe.<\/p>\n

MRG Metals (ASX:MRQ)<\/strong><\/a> has fallen this morning despite yesterday\u2019s announcement that the company has secured Corridor North Exploration Licence 10779L over the its Heavy Mineral Sands (HMS) project in Mozambique.<\/p>\n

ReNu Energy (ASX:RNE)<\/strong><\/a> is also showing a dip, on the heels of the successful completion of an entitlement offer which provided existing shareholders with the opportunity to subscribe for 1 new share for every 2.46 shares held, for an issue price of $0.011.<\/p>\n

Venture Minerals (ASX:VMS)<\/strong><\/a> is down this morning on news that the company has received binding commitments to raise $2 million through a single tranche placement with an issue price per Share of $0.0075, with the funds going towards a maiden resource at the Jupiter REE discovery in Western Australia.<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

<\/span><\/p>\n

The post Top 10 at 11: If you\u2019re a fan of market movement for no apparent reason, today\u2019s your lucky day<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Good morning, and welcome to Stockhead\u2019s Top 10 at shortly-before-11-ish, which is meant to highlight the best (and sometimes worst) performing ASX stocks in morning [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":3258,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nTop 10 at 11: If you\u2019re a fan of market movement for no apparent reason, today\u2019s your lucky day - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=3257\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top 10 at 11: If you\u2019re a fan of market movement for no apparent reason, today\u2019s your lucky day - 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