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Top 10 at 10: ASX stocks rocket on positive clinical studies, shallow gold, and high grade niobium
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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 started trading.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| IIQ | Inoviq Ltd | 0.875 | 43% | 533,711 | $56,131,408 |
| KWR | Kingwest Resources | 0.04 | 29% | 1,714,006 | $8,733,531 |
| PO3 | Purifloh Ltd | 0.275 | 22% | 612 | $7,092,787 |
| CHK | Cohiba Min Ltd | 0.006 | 20% | 172,594 | $8,138,304 |
| RR1 | Reach Resources Ltd | 0.006 | 20% | 20,833,576 | $9,550,253 |
| 3DA | Amaero International | 0.1175 | 19% | 345,184 | $40,929,671 |
| AHI | Adv Human Imag Ltd | 0.135 | 17% | 647,964 | $21,396,206 |
| CTO | Citigold Corp Ltd | 0.007 | 17% | 7,999 | $17,001,955 |
| TKL | Traka Resources | 0.007 | 17% | 1,303,571 | $4,132,647 |
| JXT | Jaxstaltd | 0.039 | 15% | 20,900 | $11,647,659 |
Biotech INOVIQ Limited (ASX:IIQ) says its Ovarian Cancer 97 study (OC97) has been completed by the Centre for Clinical Research, The University of Queensland (UQ).
It confirmed “the utility of EXO-NET for EV biomarker discovery and generation of a multivariate index assay (MIA) with over 90% accuracy for the detection of early-stage ovarian cancer”.
Recent infill drilling (to increase confidence in a resource) is hitting shallow, high grade gold at Kingwest Resources’ (ASX:KWR) flagship Menzies project.
The company has also identified shallow high-grade subsets of the Pericles and Stirling deposits, with 45,000oz at 5.2g/t within 100m of surface.
These high-grade resources are considered amenable to open pit mining, KWR says.
And Reach Resources (ASX:RR1) has picked up rocks containing high-grade REEs, niobium and tantalum at its Skyline and Critical Elements projects, both in WA.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| OAK | Oakridge | 0.085 | -39% | 3,063 | $2,407,395 |
| GLV | Global Oil & Gas | 0.0015 | -25% | 2,055,000 | $4,571,711 |
| GRX | Greenx Metals Ltd | 0.45 | -20% | 138,241 | $143,295,562 |
| MRQ | Mrg Metals Limited | 0.004 | -20% | 136,762 | $9,854,593 |
| BLY | Boart Longyear | 1.72 | -17% | 584 | $615,514,461 |
| ADY | Admiralty Resources. | 0.007 | -13% | 701,610 | $10,428,633 |
| CBH | Coolabah Metals Limi | 0.08 | -11% | 3,922 | $3,033,000 |
| RIM | Rimfire Pacific | 0.008 | -11% | 46,570 | $16,256,203 |
| STM | Sunstone Metals Ltd | 0.041 | -11% | 2,557,347 | $120,540,535 |
| TMZ | Thomson Res Ltd | 0.019 | -10% | 33,582 | $17,183,972 |
