{"id":7072,"date":"2024-03-12T23:48:40","date_gmt":"2024-03-12T23:48:40","guid":{"rendered":"https:\/\/economicherald.net\/?p=7072"},"modified":"2024-03-12T23:48:40","modified_gmt":"2024-03-12T23:48:40","slug":"top-10-at-10-liontown-leaps-on-550m-loan-ai-stock-eyes-commercialisation","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=7072","title":{"rendered":"Top 10 at 10: Liontown leaps on $550m loan, AI stock eyes commercialisation"},"content":{"rendered":"

Stockhead\u2019s Top 10 at 10, published at ~10.40am 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\u00a0ASX\u00a0stock has started trading.<\/p>\n

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WINNERS<\/strong><\/p>\n

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

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Security Description Last % Volume MktCap LBT LBT Innovations 0.021 50% 8,086,414 $17,651,426 VAL Valor Resources Ltd 0.003 50% 200,655 $9,178,027 NIS Nickelsearch 0.034 31% 1,034,053 $5,552,104 ASP Aspermont Limited 0.009 29% 366,000 $17,189,443 LRL Labyrinth Resources 0.005 25% 4,219,387 $4,750,175 88E 88 Energy Ltd 0.006 20% 1,755,670 $125,620,313 M2M Mt Malcolm Mines 0.035 17% 1,805,403 $4,368,105 1MC Morella Corporation 0.0035 17% 90,154 $18,536,398 LCL LCL Resources Ltd 0.014 17% 2,594,331 $11,462,706 EQS Equity Story Group 0.029 16% 35,000 $1,065,370 <\/p>\n

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LBT Innovations (ASX:LBT)<\/a> \u2013 which provides AI solutions to microbiology labs \u2014 successfully completes primary validation for its APAS PharmaQC product, \u201cthe final step in product development and technology commercialisation\u201d.<\/p>\n

Explorer LCL Resources (ASX:LCL)<\/a> uncovers reasonable nickel grades (plus gold credits) in trenching at Veri Veri, part of the PNG nickel sulphide project.<\/p>\n

Highlights include 19m @ 2.46% Ni and 0.65g\/t Au, and 14m @ 2.82% Ni and 0.83g\/t Au.<\/p>\n

Signed land access agreements means NickelSearch (ASX:NIS)<\/a> can now submit an application with DMIRS for its first lithium drill program at the Carlingup project in WA.<\/p>\n

Gold hunter Sunshine Metals (ASX:SHN)<\/a> drills into an \u201cexceptional\u201d 20m @ 18.21g\/t from 114m (including 10m @ 34.79g\/t) at Liontown, part of the Ravenswood Consolidated project in QLD.<\/p>\n

Amongst the bigger boys, lithium developer Liontown (ASX:LTR)<\/a> surges 14% after locking in a $550m debt facility to fund the Kathleen Valley mine through to first production and ramp up.<\/p>\n

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LOSERS<\/h2>\n

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

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Security Description Last % Volume MktCap CPM Cooper Metals 0.145 -47% 1,868,739 $21,547,804 MRD Mount Ridley Mines 0.001 -33% 2,809 $11,677,324 AVE Avecho Biotech Ltd 0.003 -25% 5,183,482 $12,677,188 RR1 Reach Resources Ltd 0.003 -25% 2,325,000 $13,114,636 ECT Env Clean Tech Ltd. 0.004 -20% 666,956 $14,321,552 EDE Eden Inv Ltd 0.002 -20% 701,717 $9,195,678 MCT Metalicity Limited 0.002 -20% 624,999 $11,212,634 RMX Red Mount Min Ltd 0.002 -20% 23,368,097 $6,683,940 TMK TMK Energy Limited 0.004 -20% 5,208,800 $30,612,897 NYM Narryer Metals 0.05 -17% 82,491 $3,029,615 <\/p>\n

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Explorer Cooper Metals (ASX:CPM)<\/a> says diamond drilling at the Brumby Ridge copper-gold prospect is not hitting the expected broad intercepts of copper mineralisation found in previous drilling.<\/p>\n

\u201cAt this early stage of follow-up drilling, the implications for the size and grade potential of Brumby Ridge is not yet well understood, requiring more drill holes to determine its potential,\u201d managing director Ian Warland says.<\/p>\n

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The post Top 10 at 10: Liontown leaps on $550m loan, AI stock eyes commercialisation<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Stockhead\u2019s Top 10 at 10, published at ~10.40am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. 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