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).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| BSE | Base Resources | 0.19 | 81% | 9,925,391 | $123,691,244 |
| L1M | Lightning Minerals | 0.125 | 69% | 526,601 | $3,124,655 |
| ORN | Orion Minerals Ltd | 0.019 | 46% | 3,865,334 | $76,001,701 |
| LNR | Lanthanein Resources | 0.005 | 43% | 22,555,977 | $6,842,181 |
| MRD | Mount Ridley Mines | 0.002 | 33% | 253,563 | $11,677,324 |
| AVE | Avecho Biotech Ltd | 0.005 | 25% | 125,000 | $12,677,188 |
| CAV | Carnavale Resources | 0.006 | 20% | 88,000 | $17,117,759 |
| NTM | Nt Minerals Limited | 0.006 | 20% | 95,000 | $4,299,515 |
| HGL | Hudson Investment | 0.175 | 17% | 9,000 | $8,903,990 |
| GGE | Grand Gulf Energy | 0.007 | 17% | 1,046,746 | $12,571,482 |
Base Resources (ASX:BSE) has announced a proposed 100% acquisition by NYSE-listed uranium and critical minerals producer, Energy Fuels, which will acquire 100% of its issued shares BSE with the aim to create a global leader in critical minerals.
Lightning Minerals (ASX:L1M) has inked a binding deal to acquire Bengal Mining Pty Ltd which holds, via its wholly-owned subsidiary Tigre Mineracao Ltda (Tigre), option agreements over two lithium projects, Caraíbas and Sidrônio in Brazil’s ithium Valley district in the state of Minas Gerais.
Orion Minerals (ASX:ORN) says initial results from diamond drilling at Flat Mine East, part of the Okiep Copper Project in the Northern Cape Province of South Africa, are the highest-grade drill intercept ever recorded in the area and confirm high-grade copper intercepts returned from drilling completed in 1995 by the previous owners, Goldfields. Drill hole OFMED153 returned 49m at 4.89% Cu from 231m down hole, including 10.23m at 12.47% Cu.
Lanthanein Resources (ASX:LNR) says a new large lithium soil anomaly with a strike of ~4km has been identified in the recently completed soil sampling program at Lady Grey Project including a peak result of 454ppm Li2O, with a total of 527 samples returning ≥150ppm Li2O.
LOSERS
Stocks highlighted in yellow made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| 88E | 88 Energy Ltd | 0.004 | -20% | 10,445,695 | $125,620,313 |
| HLX | Helix Resources | 0.004 | -20% | 8,683,370 | $11,615,729 |
| DRO | Droneshield Limited | 0.905 | -19% | 7,006,842 | $690,484,044 |
| ENT | Enterprise Metals | 0.0025 | -17% | 1,100,000 | $2,405,913 |
| EXL | Elixinol Wellness | 0.005 | -17% | 7,046 | $7,806,444 |
| LCL | LCL Resources Ltd | 0.01 | -17% | 677,137 | $11,462,706 |
| NRZ | Neurizer Ltd | 0.005 | -17% | 256,068 | $9,008,465 |
| AUQ | Alara Resources Ltd | 0.068 | -15% | 403,856 | $57,447,003 |
| 1MC | Morella Corporation | 0.003 | -14% | 183,085 | $21,625,798 |
| AYT | Austin Metals Ltd | 0.006 | -14% | 533,394 | $8,996,339 |
DroneShield (ASX:DRO) says it has upsized its fully-underwritten two-tranche placement from $70m to ~$100m following strong support from existing and new domestic and international institutions and sophisticated investors. DRO says it’s also undertaking a share purchase plan to raise $5m, providing “the opportunity for all shareholders to participate in the capital raising”.