10 at 11ish: Cooper Metals soars on Brumby Ridge copper find
Pic: Getty Images
Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, 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.
The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading – for better or worse.
WINNERS
Stocks highlighted have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| CPM | Cooper Metals | 0.43 | 65% | 3,825,263 | $16,183,869 |
| DMG | Dragon Mountain Gold | 0.015 | 50% | 100,000 | $3,946,717 |
| KEY | KEY Petroleum | 0.0015 | 50% | 310,000 | $1,967,928 |
| CLE | Cyclone Metals | 0.002 | 33% | 250,000 | $15,396,757 |
| BUY | Bounty Oil & Gas NL | 0.01 | 25% | 1,451,990 | $10,964,008 |
| CHK | Cohiba Min Ltd | 0.0025 | 25% | 400,000 | $4,426,488 |
| ADG | Adelong Gold Limited | 0.006 | 20% | 500,000 | $2,981,611 |
| GTG | Genetic Technologies | 0.003 | 20% | 100,000 | $28,854,145 |
| AQC | Auspaccoal Ltd | 0.165 | 18% | 1,858,532 | $63,843,240 |
| MOM | Moab Minerals Ltd | 0.007 | 17% | 141,150 | $4,271,781 |
Cooper Metals (ASX:CPM) says significant assay results confirm a new copper discovery at the Brumby Ridge Prospect within the Mt Isa East Cu-Au Project with 71m @ 2.8% copper including 24m @ 5.4% copper.
Australian Pacific Coal (ASX:AQC) has announced that the Dartbrook joint venture has received a credit committee approved offer on agreed terms for a three-year US$60 million (~AUD$90 million) debt facility from Vitol Asia Pte Ltd, a leading global energy and commodities company.
LOSERS
Stocks highlighted have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| MCT | Metalicity Limited | 0.001 | -50% | 18,500 | $8,502,172 |
| AMD | Arrow Minerals | 0.001 | -33% | 23,800,000 | $4,535,648 |
| BP8 | BPH Global Ltd | 0.0015 | -25% | 500,000 | $3,231,126 |
| 4DS | 4Ds Memory Limited | 0.079 | -25% | 20,974,905 | $183,601,416 |
| RRR | Revolver Resources | 0.1 | -17% | 20,000 | $31,154,912 |
| AVE | Avecho Biotech Ltd | 0.003 | -14% | 120,000 | $11,092,540 |
| LNR | Lanthanein Resources | 0.006 | -14% | 1,860 | $7,851,029 |
| RLC | Reedy Lagoon Corp. | 0.006 | -14% | 168,000 | $4,316,785 |
| ATH | Alterity Therap Ltd | 0.0035 | -13% | 425,000 | $11,209,442 |
| LCL | LCL Resources Ltd | 0.021 | -13% | 1,325,184 | $19,063,307 |
LCL Resources (ASX:LCL) says it has secured firm commitments to raise $3 million through a placement to professional and sophisticated investors primarily to advance its PNG nickel project.
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