{"id":5555,"date":"2024-02-08T00:07:25","date_gmt":"2024-02-08T00:07:25","guid":{"rendered":"https:\/\/economicherald.net\/?p=5555"},"modified":"2024-02-08T00:07:25","modified_gmt":"2024-02-08T00:07:25","slug":"top-10-at-11-battery-metals-exploration-and-drug-trials-make-the-news-today","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=5555","title":{"rendered":"Top 10 at 11: Battery metals, exploration and drug trials make the news today"},"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<\/p>\n

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WINNERS<\/h2>\n

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

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Security Description Last % Volume MktCap AXN Alliance Nickel Ltd 0.049 63% 2,376,573 $21,775,188 DXNDA DXN Limited 0.021 40% 13,472 $2,773,340 MHC Manhattan Corp Ltd 0.004 33% 100,000 $8,810,939 EWC Energy World Corporation 0.018 20% 123,291 $46,183,819 HOR Horseshoe Metals Ltd 0.006 20% 361,000 $3,232,393 LNR Lanthanein Resources 0.006 20% 593,488 $6,449,060 VAL Valor Resources Ltd 0.0035 17% 107,588 $12,520,004 CHM Chimeric Therapeutic 0.029 16% 2,973,888 $21,033,416 PXX Polarx Limited 0.015 15% 1,014,971 $21,315,018 SGA Sarytogan 0.19 15% 73,736 $12,696,735 <\/p>\n

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Alliance Nickel (ASX:AXN)<\/strong><\/a> is leading the charge this morning, on news that it\u2019s signed a non-binding term sheet with Samsung \u2013 yes, that Samsung \u2013 for the future offtake of battery grade nickel and cobalt sulphate products from the NiWest Nickel-Cobalt Project in Western Australia.<\/p>\n

Sarytogan Graphite (ASX:SGA)<\/strong><\/a> is making headway today after announcing that the first batch of coincell batteries has been produced using the company\u2019s Uncoated Spherical Purified Graphite, which the company says have been outperforming many synthetic graphite anodes that are currently used in electric vehicles.<\/p>\n

White Energy (ASX:WEC)<\/strong><\/a> has entered into a Farm in Agreement with Aquis listed Tectonic Gold and its local subsidiary Signature Gold in respect of four tenements in the Biloela area of central Queensland which are highly prospective for gold and copper. (This news dropped after hours last night \u2013 so it\u2019s technically an announcement for this morning.)<\/p>\n

Lanthanein Resources (ASX:LNR)<\/strong><\/a> says that an extensive soil sampling programme across its entire 77km2 granted tenement on the Forrestania Greenstone Belt has kicked off, directly adjacent to Covalent Lithium\u2019s (SQM & Wesfarmers) Earl Grey Mine, 189Mt @1.53% Li2O.<\/p>\n

Chimeric Therapeutics (ASX:CHM)<\/strong><\/a> has announced that the first patient in the ADVENT-AML Phase 1B clinical trial in Acute Myeloid Leukemia (AML) has received treatment with CHM 0201 in combination with Azacitidine and Venetoclax.<\/p>\n

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LOSERS<\/h2>\n

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

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Code Description Last % Volume MktCap MTB Mount Burgess Mining 0.002 -33% 142,142 $3,134,440 HT8 Harris Technology Gl 0.014 -22% 54,288 $5,384,439 ADG Adelong Gold Limited 0.004 -20% 12,500 $3,498,278 NC1 Nico Resources 0.16 -18% 49,460 $21,294,112 CAG Cape Range 0.135 -16% 5,000 $15,185,328 AJX Alexium Int Group 0.011 -15% 76,065 $8,595,740 SCT Scout Security Ltd 0.011 -15% 185,926 $3,021,556 M24 Mamba Exploration 0.045 -15% 560,888 $3,396,361 M2R Miramar 0.017 -15% 1,666,175 $2,977,391 ECG Ecargo Holdings 0.04 -15% 123 $28,916,750 <\/p>\n

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Mamba Exploration (ASX:M24)<\/strong><\/a> is showing a loss this morning on news of the successful completion of a share placement to raise $2.75 million via the issue of 110,000,000 fully paid shares at an issue price at A$0.025 per share to sophisticated and professional investors.<\/p>\n

Miramar Resources (ASX:M2R)<\/strong><\/a> is also showing a dip this morning, despite news that the company has identified multiple very large uranium targets within the Company\u2019s 100%-owned Bangemall Projects, in the Gascoyne region of Western Australia.<\/p>\n

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The post Top 10 at 11: Battery metals, exploration and drug trials make the news today<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

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