{"id":431,"date":"2023-10-26T23:52:42","date_gmt":"2023-10-26T23:52:42","guid":{"rendered":"https:\/\/economicherald.net\/?p=431"},"modified":"2023-10-26T23:52:42","modified_gmt":"2023-10-26T23:52:42","slug":"top-10-at-11-industrial-metals-up-over-100pc-after-aquiring-pippingarra-lithium-rights-in-pilbara","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=431","title":{"rendered":"Top 10 at 11: Industrial Metals up over 100pc after aquiring Pippingarra lithium rights in Pilbara"},"content":{"rendered":"

Good morning, and welcome to Stockhead\u2019s Top 10 at shortly-before-11-ish, 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.<\/p>\n

The ASX has up 0.33% at the open with the S&P ASX 200 at 10.40am (AEDT),\u00a0 despite a selloff on Wall Street.<\/p>\n

In New York, the S&P 500 dropped -1.18%, the blue chips Dow Jones index was down by -0.76%, and the tech-heavy Nasdaq plunged by -1.76%.<\/p>\n

The S&P 500 is now at the lowest level since May, edging to what analysts say is \u201ccorrection territory\u201d.
\n\u00a0<\/p>\n

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 WCG Webcentral 0.275 150% 4,708,934 $36,203,885 IND Industrial Minerals 0.9 100% 320,174 $28,971,000 MRQ MRG Metals Limited 0.003 50% 66,666 $4,411,837 AVW Avira Resources Ltd 0.002 33% 248,516 $3,200,685 SIS Simble Solutions 0.004 33% 500,000 $1,808,852 SFG Seafarms Group Ltd 0.005 25% 500,275 $19,346,397 TMX Terrain Minerals 0.005 25% 20,000 $5,030,575 AYT Austin Metals Ltd 0.006 20% 41,921 $5,079,373 RIE Riedel Resources Ltd 0.006 20% 160,000 $10,297,035 VAL Valor Resources Ltd 0.0035 17% 500,000 $11,620,004 <\/div>\n

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

Industrial Minerals (ASX:IND)<\/strong><\/a> is up 100% this morning after announcing it had inked a deal with North West Quarries to acquire an 80% interest in the non-construction material mineral rights, including lithium and high purity quartz (HPQ) at the operating Pippingarra quarry near Port Hedland.<\/p>\n

IND says it holds several tenements in the region prospective for HPQ and lithium, making the addition of the project a logical expansion of its activities in the WA\u2019s Pilbara lithium province.<\/p>\n

REE and gold explorer Terrain Minerals (ASX:TMX)<\/strong><\/a> is up today after announcing it had raised more than $430k in a non-renounceable entitlement offer. The company says 15.85% of shareholders (187) participated in the offer with a recorded unallocated shortfall of ~$355k.<\/p>\n

TMX in September raised ~$785k through a placement to sophisticated and professional investors.
\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 CLE Cyclone Metals 0.001 -50% 5,000 $20,529,010 MXC MGC Pharmaceuticals 0.001 -50% 1,950,995 $8,855,936 CCE Carnegie Clean Energy 0.0015 -25% 230,302 $31,285,147 DCL Domacom Limited 0.011 -21% 309,798 $6,097,025 ESR Estrella Res Ltd 0.0055 -21% 9,106,670 $10,385,003 CRS Caprice Resources 0.03 -21% 148,081 $4,436,763 SIX Sprintex Ltd 0.012 -20% 1,556,361 $5,022,595 ADV Ardiden Ltd 0.005 -17% 1,907,038 $16,130,012 GMN Gold Mountain Ltd 0.005 -17% 16,803 $13,614,472 TAS Tasman Resources Ltd 0.005 -17% 45,145 $4,276,016 <\/div>\n

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

None of the top 10 companies losing ground today had announcements out this morning.<\/p>\n

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

The post Top 10 at 11: Industrial Metals up over 100pc after aquiring Pippingarra lithium rights in Pilbara<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

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