Top 10 at 10: A budding brines bonanza?

Stockhead’s Top 10 at 10, published at ~10.40am 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
CNJ	Conico Ltd	0.005	25%	460,000	$6,280,380
HCD	Hydrocarbon Dynamic	0.005	25%	200,000	$3,078,664
GTR	Gti Energy Ltd	0.011	22%	13,759,294	$18,449,524
1MC	Morella Corporation	0.006	20%	701,636	$30,893,997
IS3	I Synergy Group Ltd	0.006	20%	156,722	$1,520,402
VML	Vital Metals Limited	0.006	20%	161,740	$29,475,335
GLA	Gladiator Resources	0.034	17%	1,529,782	$17,611,608
AMD	Arrow Minerals	0.007	17%	1,626,306	$20,842,591
RGS	Regeneus Ltd	0.007	17%	71	$1,838,621
EME	Energy Metals Ltd	0.15	15%	55,082	$27,258,831

Morella Corp (ASX:1MC) says seismic surveys at Fish Lake have identified a structure like the one hosting lithium brines at Albemarle’s Silver Peak lithium brine mine, 30km away.

1MC is planning a single, 1.15km-deep drill hole into the most prospective lithium target zone.

LOSERS

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

Code	Company	Price	%	Volume	Market Cap
ME1	Melodiol Glb Health	0.001	-50%	130,000	$9,457,648
MHC	Manhattan Corp Ltd	0.003	-25%	50,500	$11,747,919
EDE	Eden Inv Ltd	0.002	-20%	25,158	$9,167,534
MCT	Metalicity Limited	0.002	-20%	34,000	$11,212,634
NTM	Nt Minerals Limited	0.008	-20%	14,850	$8,599,029
BUY	Bounty Oil & Gas NL	0.009	-18%	501,870	$15,075,511
FOS	FOS Capital Ltd	0.2	-17%	49,936	$12,913,473
KAL	Kalgoorliegoldmining	0.025	-14%	267	$4,596,521
MTM	MTM Critical Metals	0.1	-13%	2,933,573	$11,435,265
YRL	Yandal Resources	0.135	-13%	114,506	$36,382,554

Bounty Oil & Gas (ASX:BUY) is raising $1.15m via placement at 0.9c – an 18.2% discount to the last traded price. Each share comes with a listed option, exercisable at 2.5c before 30 November 2025.

MTM Critical Metals (ASX:MTM) is raising $7m at 8c per share to fund the acquisition of Flash Metals and its WA1 Resources’ (ASX:WA1)-adjacent niobium-REE exploration ground.

The popular raise was done at a tiny 3% discount to the 12-day volume weighted average price, but a 33% discount to Tuesday’s high of 12c/sh.