{"id":6871,"date":"2024-03-08T00:06:27","date_gmt":"2024-03-08T00:06:27","guid":{"rendered":"https:\/\/economicherald.net\/?p=6871"},"modified":"2024-03-08T00:06:27","modified_gmt":"2024-03-08T00:06:27","slug":"top-10-at-11-who-has-just-inked-a-farm-in-agreement-and-jv-with-fortescue","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=6871","title":{"rendered":"Top 10 at 11: Who has just inked a farm-in agreement and JV with Fortescue?"},"content":{"rendered":"

Stockhead\u2019s\u00a0Top 10 at 11, published each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data.<\/p>\n

It\u2019s 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.<\/p>\n

The\u00a0S&P\/ASX200\u00a0is\u00a0up\u00a0today, gaining\u00a010.60\u00a0points or\u00a00.14%\u00a0to\u00a07,744.10 at 10.30am (AEDT).<\/p>\n

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WINNERS<\/h2>\n

Stocks highlighted in yellow have made market-moving announcements\u00a0(click\u00a0headings to sort).<\/strong><\/em><\/p>\n

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Code Description Last % Volume MktCap MAG Magmatic Resources 0.073 62% 3,198,845 $13,756,176 RR1 Reach Resources Ltd 0.003 50% 102,000 $6,420,594 VUK Virgin Money Uk PLC 4.07 33% 964,328 $2,039,308,682 IMC Immuron Limited 0.165 32% 6,324,826 $28,474,793 8VI 8Vi Holdings Limited 0.05 25% 22,000 $1,676,457 ADG Adelong Gold Limited 0.005 25% 400,000 $2,871,956 VAL Valor Resources Ltd 0.0025 25% 307,740 $9,178,027 3DP Pointerra Limited 0.059 20% 4,481,702 $35,615,924 AD1 AD1 Holdings Limited 0.006 20% 200,000 $4,493,242 ADD Adavale Resource Ltd 0.006 20% 245,000 $5,055,861 <\/p>\n

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Magmatic Resources (ASX:MAG)<\/strong><\/a> has announced the execution of a farm-in and JV agreement<\/a> with FMG Resources, a wholly-owned subsidiary of Fortescue (ASX:FMG)<\/strong><\/a> to explore the Myall Project in central west New South Wales.<\/p>\n

FMG will spend up to $14m over six years to earn up to 75% JV interest in the project, which MAG says hosts significant porphyry-associated copper-gold mineralisation within a similar geological setting to the Northparkes copper-gold mine 50km to the south.<\/p>\n

Cloud platform for the processing and analysis of 3D LiDAR and 2D imagery Pointerra (ASX:3DP)<\/strong><\/a> says US energy utility customer Florida Power & Light (FPL) has awarded the company a US$1.9m contract. FPL will use 3DP\u2019s AI driven analytics platform to extract information and insight from 3D LiDAR and imagery data.<\/p>\n

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LOSERS<\/h2>\n

Stocks highlighted in yellow have made market-moving announcements\u00a0(click headings to sort).<\/strong><\/em><\/p>\n

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Code Company Price % Volume Market Cap ACS Accent Resources NL 0.006 -40% 1,790 $4,731,273 HHR Hartshead Resources 0.008 -20% 8,934,941 $28,086,821 MCT Metalicity Limited 0.002 -20% 108,995 $11,212,634 TMK TMK Energy Limited 0.004 -20% 10,000 $30,612,897 VML Vital Metals Limited 0.004 -20% 17,508 $29,475,335 YOJ Yojee Limited 0.045 -18% 361,630 $9,577,321 AL8 Alderan Resource Ltd 0.005 -17% 3,000,000 $6,641,168 EMT Emetals Limited 0.005 -17% 2,000 $5,100,000 IPB IPB Petroleum Ltd 0.01 -17% 100,000 $6,781,469 MOH Moho Resources 0.005 -17% 201,245 $3,235,069 <\/p>\n

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Digital platform for the logistics industry\u00a0Yojee (ASX:YOJ)<\/strong><\/a> says it\u2019s received firm commitments to raise\u00a0 more than $2.5 m from sophisticated investors,\u00a0 including more than $1.5m from the second placement announced in November and a further $1 million placement on the same terms due to strong demand from new and existing investors.<\/p>\n

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The post Top 10 at 11: Who has just inked a farm-in agreement and JV with Fortescue?<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Stockhead\u2019s\u00a0Top 10 at 11, published each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. 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