{"id":5811,"date":"2024-02-13T23:57:54","date_gmt":"2024-02-13T23:57:54","guid":{"rendered":"https:\/\/economicherald.net\/?p=5811"},"modified":"2024-02-13T23:57:54","modified_gmt":"2024-02-13T23:57:54","slug":"top-10-at-11-helium-and-lithium-are-bright-spots-on-a-fairly-grim-asx-morning","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=5811","title":{"rendered":"Top 10 at 11: Helium and lithium are bright spots on a fairly grim ASX morning."},"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

Local markets have opened lower, down close to 1.5% after a collapse on Wall Street overnight, caused by a narrow miss on CPI data that put the final nail in the coffin for accelerated rate cuts by the US Fed. Spooked by the news, the S&P 500 fell by -1.44%, the Dow Jones index was down by -1.39%, and the tech-heavy Nasdaq slipped by -1.86%.<\/p>\n

Here\u2019s what\u2019s been happening since the doors were opened this morning<\/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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Code Description Last % Volume MktCap LNU Linius Tech Limited 0.003 50% 92,222 $9,878,481 BNL Blue Star Helium Ltd 0.014 27% 7,686,754 $21,364,918 PRX Prodigy Gold NL 0.005 25% 100,000 $7,004,431 AQX Alice Queen Ltd 0.006 20% 8,280,330 $3,454,921 TIG Tigers Realm Coal 0.006 20% 5,268,300 $65,333,512 TMR Tempus Resources Ltd 0.006 20% 24,938 $3,654,994 ODE Odessa Minerals Ltd 0.007 17% 1,166,666 $6,259,695 RGS Regeneus Ltd 0.007 17% 7,285 $1,838,621 SGQ St George Mining 0.029 16% 1,000,000 $24,713,511 88E 88 Energy Ltd 0.0045 13% 1,850,557 $98,901,682 <\/p>\n

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Positive news for Blue Star Helium (ASX:BNL)<\/strong><\/a> , after the company revealed results from initial testing and evaluation at Bolling #4 SESW well, which resulted in gas to surface flow of >4% helium under vacuum with flow up to 268.4 mscf\/d. The company has engineers evaluating well production potential.<\/p>\n

St George Mining (ASX:SGQ)<\/strong><\/a> has reported identifying a series of strong kilometre-long lithium soil anomalies in areas not yet drill tested for lithium at the company\u2019s Mt Alexander prospect, with one anomaly, measuring 1.7km x 1.3km, along strike from the Manta Prospect, where drilling by St George intersected a 121m thick fractionated pegmatite.<\/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 SSR SSR Mining Inc 7.42 -50% 48343 $82,519,141 GTE Great Western Exploration 0.024 -40% 856267 $13,920,425 EDE Eden Innovations 0.0015 -25% 450000 $7,356,542 SHG Singular Health 0.115 -23% 941996 $23,514,722 ROG Red Sky Energy 0.004 -20% 16341956 $27,111,136 TMK TMK Energy Limited 0.004 -20% 526331 $30,612,897 TOT 360 Capital REIT 0.44 -19% 367005 $79,696,680 ABE Ausbond Exchange 0.024 -17% 122800 $3,267,375 AUA Audeara 0.031 -16% 46271 $5,350,486 NVO Novo Resources Corp 0.15 -14% 147535 $9,228,203 <\/p>\n

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SSR Mining (ASX:SSR)<\/strong><\/a> has suspended operations at its \u00c7\u00f6pler mine in Turkey as a result of a large slip on the heap leach pad. There are news reports that up to 9 miners are currently unaccounted for.<\/p>\n

Great Western Exploration (ASX:GTE)<\/strong><\/a> has lost ground this morning, after the company reported assays from the phase 2 aircore drilling programme at the Firebird Gold Project which included 6m @ 1.05g\/t Au from 124m, 6m @ 1.02g\/t from 82m, and 4m @ 0.75g\/t from 62m.<\/p>\n

Singular Health Group (ASX:SHG)<\/strong><\/a> is showing a drop this morning on news that it has firm commitments to raise approximately $4.05m from institutional, sophisticated and professional investors via the issue of 36,843,111 fully paid ordinary shares at $0.11 per share, a 9.5% discount to a 20 day VWAP of A$0.121 as at 8 February 2024.<\/p>\n

Similarly, Nova Eye Medical (ASX:EYE)<\/strong><\/a> is showing a loss after announcing the completion of a placement and institutional entitlement offer of $5.1 million, with a fully underwritten retail entitlement offer for a further $2.9 million for a total capital raise of $8 million.<\/p>\n

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The post Top 10 at 11: Helium and lithium are bright spots on a fairly grim ASX morning.<\/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":5812,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nTop 10 at 11: Helium and lithium are bright spots on a fairly grim ASX morning. - 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=5811\" \/>\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: Helium and lithium are bright spots on a fairly grim ASX morning. - 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