Top 10 at 10: ASX lithium exploration stocks catch a rocket in early trade

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 started trading.

WINNERS

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

Mandrake Resources (ASX:MAN) has bought a lithium project in the US, near advanced project developer Anson Resources (ASX:ASN) in the Paradox Basin of Utah.

Fellow lithium brines developer Galan Lithium (ASX:GLN) will buy a 5% stake in MAN for $1.5m and “provide technical support”.

Charger Metals (ASX:CHR) is hitting high grade lithium in drilling at the Medcalf discovery in WA, with intercepts like 5m at 2.55% Li2O4 from 68m including 2m at 4.19% Li2O.

Mining services business Metarock (ASX:MYE) has sold the first panel of major equipment originally intended for the Gregory Crinum mining project to a third party.

And Origin (ASX:ORG) received a revised takeover bid from the Brookfield Asset Management consortium, which the board says “has the potential to deliver significant value to shareholders”.

LOSERS

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