Top 10 at 10: A world first magnesium producer, lots of cash, and another WA1 nearologist
Pic: Via getty
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 made market-moving announcements (click headings to sort).
| Security | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| MGU | Magnum Mining & Exploration | 0.023 | 64% | 6,050,428 | $11,331,060 |
| LPD | Lepidico Ltd | 0.003 | 50% | 2,283,492 | $17,178,239 |
| MTL | Mantle Minerals Ltd | 0.003 | 50% | 3,166,166 | $12,394,892 |
| RML | Resolution Minerals | 0.003 | 50% | 200,000 | $3,220,044 |
| PUA | Peak Minerals Ltd | 0.004 | 33% | 5,000,000 | $3,124,130 |
| RNE | Renu Energy Ltd | 0.009 | 29% | 11,280,696 | $4,841,438 |
| PNN | Power Minerals Ltd | 0.135 | 29% | 311,954 | $9,723,529 |
| EXL | Elixinol Wellness | 0.005 | 25% | 2,753,188 | $5,204,296 |
| LMG | Latrobe Magnesium | 0.063 | 24% | 2,273,026 | $98,749,636 |
| ME1 | Melodiol Glb Health | 0.003 | 20% | 783,454 | $1,783,718 |
Magnum Mining and Exploration (ASX:MGU) and partners will attempt to raise more than US$210m to advance their green pig iron project in Saudi Arabia.
The Tassie Government announces an $8m funding package for project developer Countrywide Hydrogen, a subsidiary of ReNu Energy (ASX:RNE).
Explorer Power Minerals (ASX:PNN) has a new niobium-rare earths project in WA’s West Arunta region, immediately adjacent to WA1 Resources’ (ASX:WA1) major niobium discovery, Luni.
Elixinol Wellness (ASX:EXL) receives $2.3m from divesting its minority stake in Altmed Pets.
And Latrobe Magnesium (ASX:LMG) says it is the first company in the world to produce magnesium oxide (MgO) from brown coal fly ash, a waste product from brown coal power generation.
LOSERS
Stocks highlighted in yellow made market-moving announcements (click headings to sort).
| Security | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| AXP | AXP Energy Ltd | 0.001 | -50% | 1,119,999 | $ 11,649,361.35 |
| MRD | Mount Ridley Mines | 0.001 | -50% | 500,000 | $ 15,569,765.73 |
| CNJ | Conico Ltd | 0.001 | -33% | 220,000 | $ 2,707,643.16 |
| HMD | Heramed Limited | 0.013 | -26% | 1,773,418 | $ 6,181,871.82 |
| EDE | Eden Inv Ltd | 0.0015 | -25% | 202,350 | $ 7,356,542.23 |
| CAV | Carnavale Resources | 0.005 | -17% | 250,000 | $ 20,541,310.37 |
| GGE | Grand Gulf Energy | 0.006 | -14% | 6,706 | $ 14,666,729.20 |
| XRG | Xreality Group Ltd | 0.031 | -14% | 103,375 | $ 19,769,016.13 |
| BNL | Blue Star Helium Ltd | 0.007 | -13% | 21,529 | $ 15,538,122.25 |
| CHK | Cohiba Min Ltd | 0.0035 | -13% | 1,304,714 | $ 14,352,976.74 |
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