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10 at 11ish: Magnum Mining inks Saudi deal, Novonix scores US$100m grant
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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 in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| BRU | Buru Energy | 0.165 | 38% | 1,879,314 | $71,525,170 |
| PIM | Pinnacle Minerals | 0.195 | 34% | 1,746,028 | $3,708,375 |
| 1MC | Morella Corporation | 0.006 | 20% | 500,000 | $30,693,279 |
| ALY | Alchemy Resource Ltd | 0.012 | 20% | 848,435 | $11,780,763 |
| BFC | Beston Global Ltd | 0.006 | 20% | 1,133,817 | $9,985,234 |
| ICN | Icon Energy Limited | 0.006 | 20% | 100,000 | $3,840,068 |
| TAS | Tasman Resources Ltd | 0.006 | 20% | 1,000 | $3,563,346 |
| MGU | Magnum Mining & Exploration | 0.027 | 17% | 1,521,131 | $18,488,812 |
| NVX | Novonix Limited | 0.79 | 17% | 3,888,842 | $329,811,881 |
| CC9 | Chariot Corporation | 0.345 | 17% | 303,188 | $21,632,813 |
Magnum Mining (ASX:MGU) inked a deal with Midmetal of Saudi Arabia to jointly fund a feasibility study on producing zero-carbon “green” pig iron with Magnum.
Battery materials and tech company Novonix (ASX:NVX) announced that its NOVONIX Anode Materials division finalised its US$100 million grant award from the US Department of Energy to expand domestic production of high-performance, synthetic graphite anode materials at its Riverside facility in Chattanooga, Tennessee.
Newly listed lithium explorer Chariot Corporation’s (ASX:CC9) non-executive director has shown his support for the company, ponying up for 180,000 ordinary shares for ~$48k in an on-market trade.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| AXP | AXP Energy Ltd | 0.001 | -33% | 131,340,258 | $8,737,021 |
| EDE | Eden Inv Ltd | 0.002 | -33% | 13,490,476 | $10,090,911 |
| SIT | Site Group Int Ltd | 0.002 | -33% | 170,000 | $7,807,471 |
| PAR | Paradigm Biopharmeuticals | 0.43 | -28% | 2,168,459 | $167,788,050 |
| MGL | Magontec Limited | 0.34 | -25% | 124,102 | $35,631,297 |
| ADS | Adslot Ltd. | 0.003 | -25% | 6,868,753 | $12,897,982 |
| NZS | New Zealand Coastal | 0.0015 | -25% | 13,165,898 | $3,334,020 |
| PUA | Peak Minerals Ltd | 0.003 | -25% | 350,129 | $4,165,506 |
| NGS | NGS Ltd | 0.01 | -23% | 1,001,151 | $3,265,956 |
| MEM | Memphasys Ltd | 0.011 | -21% | 2,602,025 | $13,433,285 |
Late stage drug development company Paradigm Biopharmaceuticals (ASX:PAR) resumed trading today after entering a trading halt on Monday to announce a $30 million capital raise.
