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In Case You Missed It: Defence deals take the lead, lithium lags behind

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Stockhead’s In-Case-You-Missed-It highlights some strongest performing ASX stocks that might have slipped your notice today. 

It’s a short, sharp update to help frame the trading day by showing some of the biggest movers in percentage terms.

 

ICYMI Leader Board

Stocks highlighted in green have made market-moving announcements (click headings to sort).

Code Company Price % Today Market Cap
GMN Gold Mountain Ltd 0.008 33% $11,819,596
HOR Horseshoe Metals Ltd 0.018 29% $9,008,701
BPH BPH Energy Ltd 0.02 18% $15,814,003
GTR Gti Energy Ltd 0.007 17% $11,686,525
REC Rechargemetals 0.335 16% $30,619,497
CUF Cufe Ltd 0.015 15% $12,559,461
CNJ Conico Ltd 0.008 14% $10,990,665
LRS Latin Resources Ltd 0.3275 13% $747,471,593
RML Resolution Minerals 0.0045 13% $5,029,167
RML Resolution Minerals 0.0045 13% $5,029,167
BTR Brightstar Resources 0.012 9% $17,314,167
G88 Golden Mile Res Ltd 0.05 9% $15,151,917
VTM Victory Metals Ltd 0.25 9% $15,308,040
TMK TMK Energy Limited 0.014 8% $65,397,531
ENR Encounter Resources 0.355 8% $130,523,508
AZS Azure Minerals 1.67 7% $606,817,092
NWM Norwest Minerals 0.045 7% $11,660,649
SLZ Sultan Resources Ltd 0.046 7% $6,372,172
NWC New World Resources 0.033 6% $65,270,253
CHR Charger Metals 0.45 6% $20,809,856
XF1 Xref Limited 0.185 6% $32,580,851
SOR Strategic Elements 0.105 5% $44,693,344
ITM Itech Minerals Ltd 0.21 5% $23,386,712
GBZ GBM Rsources Ltd 0.021 5% $12,319,219
SP3 Specturltd 0.021 5% $4,515,698
IXR Ionic Rare Earths 0.022 5% $82,868,203
SVM Sovereign Metals 0.44 5% $197,767,510
STM Sunstone Metals Ltd 0.022 5% $64,721,682
NKL Nickelxltd 0.067 5% $5,531,858
OCN Oceanalithiumlimited 0.34 5% $12,732,363
HHR Hartshead Resources 0.024 4% $64,599,689
ADD Adavale Resource Ltd 0.026 4% $12,988,575
RLF Rlfagtechltd 0.13 4% $11,360,402
BEZ Besragoldinc 0.1975 4% $67,233,759
ELS Elsight Ltd 0.28 4% $40,586,287
GSR Greenstone Resources 0.0145 4% $17,066,873
PSC Prospect Res Ltd 0.15 3% $67,027,622
NIS Nickelsearch 0.062 3% $4,023,599
OEC Orbital Corp Limited 0.16 3% $18,171,472
EZZ EZZ Life Science 0.515 3% $21,352,500
AQI Alicanto Min Ltd 0.035 3% $18,371,451
EVG Evion Group NL 0.036 3% $11,982,572
BC8 Black Cat Syndicate 0.38 3% $98,744,288
GRE Greentechmetals 0.575 3% $23,469,369
MAT Matsa Resources 0.039 3% $15,656,280
LEX Lefroy Exploration 0.205 3% $32,091,600
IHL Incannex Healthcare 0.1025 3% $158,701,036
CVV Caravel Minerals Ltd 0.215 2% $100,628,718
IPX Iperionx Limited 1.125 2% $212,843,370
GSM Golden State Mining 0.046 2% $6,491,889
KLI Killiresources 0.053 2% $3,097,903
POD Podium Minerals 0.061 2% $21,860,196
LKE Lake Resources 0.31 2% $433,845,636
PTX Prescient Ltd 0.079 1% $62,811,044
ATC Altech Batt Ltd 0.0875 1% $123,415,248
PFE Panteraminerals 0.092 1% $4,686,602
VSR Voltaic Strategic 0.092 1% $33,620,655
HCH Hot Chili Ltd 1.07 1% $126,611,918
DEG De Grey Mining 1.325 1% $2,052,934,493
LEL Lithenergy 0.815 1% $76,958,100
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archTIS (ASX:AR9) has signed a $4.06 million deal with the Australian Department of Defence for software licences and services to conduct a proof of concept (PoC) to modernise their workplace environment.

The company will deploy NC Protect, Microsoft and third-party software products to evaluate their productivity, compliance and security gains for the Defence office environment and its users.

“We believe that NC Protect can contribute to the way the department works on and secures information in a modern workplace environment,” MD Daniel Lai says.

“The need to increase productivity, security and speed across Defence has been identified in the newly released Defence Strategic Review, this initiative is a small but important part of that cultural change.”

Defence ballistics and technology player Xtek Limited (ASX:XTE) says things are looking healthier after upgrading its outlook for the year, predicting it will deliver record revenues for FY23 of between $86m-$88m, up by circa 50% on the previous record revenue result of $58.2m achieved in FY22.

This is especially thanks to its global armour business HighCom which designs, manufactures, and supplies global military, law enforcement, and first responder customers with world-class, advanced personal protection ballistic products like body armour, ballistic helmets, and composite armour structures.

Greentech Metals (ASX:GRE)  is expanding its exploration focus for lithium bearing pegmatite at its Lithium West project in the Pilbara.

The company has even entered into a corporate services agreement with lithium exploration and development specialists Obsidian Metals Group (OMG) who will provide “assistance and guidance from the exploration phase through to development as well as developing and implementing GreenTech’s lithium strategy.”

OMG’s principals have been involved in the founding and development of some of Australia’s largest lithium and other metal projects including Galaxy Resources which was the subject of a $2 billion takeover, which later merged to form Alkem (ASX:AKE), the fifth largest lithium producer globally. 

And Lithium Energy (ASX:LEL) has released the maiden resource for its Solaroz brine project in Argentina of 3.3Mt lithium carbonate equivalent (LCE) within which is a high-grade core of 1.34Mt of LCE with an average concentration of 405mg/l lithium (at a 350mg/l lithium cut-off grade).

The company is targeting a 20,000-40,000tpa LCE plant at the project and is currently evaluating development options using conventional evaporation ponds and/or Direct Lithium Extraction (DLE). 

 

At Stockhead we tell it like it is. While Lithium Energy is a Stockhead advertiser, it did not sponsor this article.

Categories: News

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