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Top 10 at 10: Bastion and Odessa make lithium moves, while RLF cosies up with CBA
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Stockhead’s Top 10 at 10, published at ~10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data.
It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms.
The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| XTC | Xantippe Res Ltd | 0.0015 | 50% | 500,000 | $11,480,100 |
| DDT | DataDot Technology | 0.004 | 33% | 1,351,192 | $3,632,858 |
| ROG | Red Sky Energy. | 0.004 | 33% | 372,130 | $15,906,682 |
| BMO | Bastion Minerals | 0.034 | 26% | 563,434 | $4,679,754 |
| ODE | Odessa Minerals Ltd | 0.0085 | 21% | 8,498,011 | $6,629,783 |
| BCC | Beam Communications | 0.18 | 18% | 213,737 | $13,179,343 |
| RLF | Rlfagtechltd | 0.2 | 18% | 129,727 | $15,583,372 |
| CXU | Cauldron Energy Ltd | 0.007 | 17% | 1,044,582 | $5,589,412 |
| OPN | Oppenneg | 0.007 | 17% | 640,000 | $6,700,078 |
| RML | Resolution Minerals | 0.007 | 17% | 504,000 | $7,543,751 |
Holders of Bastion Minerals (ASX:BMO) are pleased with the company’s announcement this morning regarding its decision of an early exercise of Canadian lithium option “pursuant to the Binding Heads of Agreement (HOA) with the shareholders of Austek Resources”.
This is in order “to acquire three highly prospective lithium property packages located in Ontario, Canada”, writes the exploration minnow, noting the negotiation of “significantly more favourable acquisition terms” on the company’s behalf.
Odessa Minerals (ASX:ODE) has confirmed the presence of extensive pegmatites in the Robinson Bore and Eastern lithium anomalies at the Lockier Range project in the Gascoyne Region of Western Australia.
The exploration gem also detailed further lithium and REE exploration plans and the appointment of a new exploration manager and geoscience services team.
It’s a record year on the books expected by satellite and cellular tech company Beam Communications (ASX:BCC), which says it is likely to meet its full-year guidance of about $4 million in earnings before interest, tax, depreciation and amortisation, and revenue of approximately $40 million – significantly ahead of its FY22 revenue of $23.7 million.
RLF AgTech (ASX:RLF), a tech-driven plant-nutrition company, has entered into a strategic carbon alliance with the Commonwealth Bank, inking a deal for prepayment of carbon credits.
RLF will sell its first 50,000 Australian soil carbon credit units (ACCUs) to be generated from a pilot program via a CBA forward payment agreement.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| MEB | Medibio Limited | 0.001 | -33% | 1,206,111 | $7,725,891 |
| AXP | AXP Energy Ltd | 0.0015 | -25% | 70,000 | $11,649,361 |
| CLE | Cyclone Metals | 0.0015 | -25% | 253,354 | $20,529,010 |
| TSO | Tesoro Gold Ltd | 0.02 | -17% | 1,009,753 | $25,286,702 |
| CNJ | Conico Ltd | 0.006 | -14% | 39,844 | $10,990,665 |
| RRL | Regis Resources | 1.8 | -14% | 2,763,201 | $1,578,125,267 |
| W2V | Way2Vatltd | 0.013 | -13% | 4,510,515 | $9,418,091 |
| APC | Aust Potash Ltd | 0.007 | -13% | 60,918 | $8,309,432 |
| CCA | Change Financial Ltd | 0.05 | -12% | 45,864 | $35,776,699 |
| EMC | Everest Metals Corp | 0.155 | -11% | 95,349 | $22,650,794 |
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