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10 at 11ish: Thick peggies = 73pc pop. Krakatoa cracks the lithium code at King Tamba
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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 |
|---|---|---|---|---|---|
| MTH | Mithril Resources | 0.002 | 100% | 1,990,000 | $3,368,804.47 |
| MTL | Mantle Minerals Ltd | 0.004 | 33% | 637,627 | $18,442,337.50 |
| KTA | Krakatoa Resources | 0.034 | 31% | 12,028,885 | $11,307,345.84 |
| AUK | Aumake Limited | 0.005 | 25% | 500,000 | $5,949,037.88 |
| NAG | Nagambie Resources | 0.04 | 25% | 355,083 | $18,615,242.11 |
| IPT | Impact Minerals | 0.0135 | 23% | 5,702,204 | $31,511,742.78 |
| EFE | Eastern Resources | 0.011 | 22% | 8,042,619 | $11,177,518.15 |
| AQD | Ausquest Limited | 0.012 | 20% | 151,253 | $8,251,492.23 |
| RML | Resolution Minerals | 0.006 | 20% | 250,000 | $6,286,459.04 |
| OD6 | OD6 Metals | 0.215 | 19% | 297,020 | $9,902,789.28 |
Krakatoa Resources (ASX:KTA) says RC drilling beneath high grade Li20 rock samples is complete at King Tamba in WA’s Mid-West with the program expanded after discovery of up to 39m thick pegmatite under the 4.3% Li20 rock chip at Wilsons prospect.
Impact Minerals (ASX:IPT) has announced “outstanding economics” from a scoping study showing its Lake Hope project in WA to potentially be the lowest-cost producer of high purity alumina (HPA) globally.
AusQuest (ASX:AQD) says that further surface rock-chip sampling at its Cangallo Porphyry Copper Prospect in southern Peru has enhanced the potential to discover large-scale porphyry copper mineralisation.
And OD6 Metals (ASX:OD6) says results of phase 3 drilling at its Splinter Rock clay hosted REE project in WA have returned grades of up to 6,441ppm TREO with extensive clay thickness up to 77m at high grades and 77% of holes returned grades >1,000ppm TREO.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Code Company Price % Volume Market Cap CLE Cyclone Metals 0.001 -50% 21,050,000 $20,529,010 AOA Ausmon Resorces 0.002 -43% 8,633,170 $3,524,498 KEY KEY Petroleum 0.0015 -25% 34,945,026 $3,935,856 FAU First Au Ltd 0.002 -20% 833,154 $3,629,983 GTG Genetic Technologies 0.002 -20% 341,269 $28,854,145 MRQ Mrg Metals Limited 0.002 -20% 1,754,565 $5,514,797 YPB YPB Group Ltd 0.002 -20% 2,695,045 $1,951,154 ROG Red Sky Energy. 0.005 -17% 2,900,000 $31,813,363 AER Aeeris Ltd 0.08 -16% 7,705 $6,800,467 MHK Metal Hawk 0.2 -15% 136,348 $18,511,188
At Stockhead, we tell it like it is. While Krakatoa Resources, Impact Minerals and OD6 Metals are Stockhead advertisers, they did not sponsor this article.
