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Top 10 at 10: A couple of ‘stunning’ copper discoveries have these ASX stocks flying in early trade

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Stockhead’s Top 10 at 10, published at 10.30am 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 commenced trading.

 

WINNERS

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

Code Company Price % Volume Market Cap
ANL Amani Gold Ltd 0.002 100% 255,000 $23,693,441.13
ARE Argonaut Resources 0.003 50% 173,634 $7,212,409.56
KEY KEY Petroleum 0.003 50% 33,333 $3,935,856.25
AW1 Americanwestmetals 0.175 40% 7,511,432 $13,878,468.88
MAG Magmatic Resrce Ltd 0.115 29% 3,375,284 $22,649,325.02
KFE Kogi Iron Ltd 0.005 25% 750,000 $6,470,311.02
ALU Altium Limited 35.81 20% 291,044 $3,934,869,324.96
DAF Discovery Alaska Ltd 0.092 18% 1,545,267 $17,490,306.44
AOA Ausmon Resorces 0.007 17% 44,571 $5,143,736.06
CPT Cipherpoint Limited 0.007 17% 85,714 $2,306,435.18
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“Major copper discovery at Storm!” says American West Metals (ASX:AW1) which is up 40% in early trade.

AW1 says an exploration drillhole at the Canadian project hit over 68m of copper sulphide mineralisation from 277m downhole.

The discovery is associated with a large electromagnetic (EM) plate, with six other similar large EM plates yet to be tested. Very promising.

Meanwhile, porphyry hunter Magmatic Resources (ASX:MAG) has pulled up 740m of visible copper sulphides in a single hole at the Corvette prospect, part of the Myall project in NSW.

MAG managing director Dr Adam McKinnon is stoked.

“This is an absolutely stunning result for the first full hole of our drilling program at Myall,” he says.

“It’s difficult to describe the excitement of our team each time we look over the previous day’s core and see an ever-increasing interval of visible sulphide mineralisation.

“We are so far past our original target now that we are effectively exploring a brand-new search space to the east of the original Corvette Prospect – currently untested in every direction – and still going.”

 

LOSERS

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

Code Company Price % Volume Market Cap
JAV Javelin Minerals Ltd 0.001 -33% 5,000 $14,181,229.16
PRM Prominence Energy 0.002 -33% 396,666 $7,273,826.46
GLV Global Oil & Gas 0.003 -25% 3,681,816 $7,493,418.83
DOC Doctor Care Anywhere 0.17 -23% 580,430 $49,988,424.20
CCE Carnegie Cln Energy 0.002 -20% 55,600 $37,756,434.28
AUK Aumake Limited 0.005 -17% 3,262,577 $4,628,681.54
MTB Mount Burgess Mining 0.005 -17% 8,571 $5,155,026.71
PGM Platina Resources 0.029 -15% 1,010,519 $15,362,395.85
SYN Synergia Energy Ltd 0.003 -14% 2,800,207 $29,462,267.46
TD1 Tali Digital Limited 0.006 -14% 200,000 $8,628,413.67
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