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).

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RareX (ASX:REE) boosted its rare earths (REE) resource at Cummins Range by 500% to 397Mt at 0.33% TREO and 4.2% phosphate.

That’s 1.3Mt of contained TREO and 16.7Mt of phosphate, which positions Cummins Range as the second largest undeveloped Australian rare earths project, the company says.

West Cobar Metals (ASX:WC1) hit more high grade clay REEs at the Salazar project, including a highlight 1m at 22,316ppm (2.2%) TREO inside a larger 11m section grading 3,682ppm.

ChemX Materials (ASX:CMX) inked a non-binding deal with US battery maker C4V to progress CMX’ High Purity Manganese (HPM) project and work towards HPM offtake deal.

And fish farmer New Zealand Coastal Seafoods (ASX:NZS) appointed a new MD and chairman to drive growth.

 

 

LOSERS

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

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Beston Global Foods (ASX:BFC) downgraded earnings guidance for the current half, blaming unprecedented inflationary cost pressures and insurance.

A rapid decline and significant volatility of whey protein prices – down 25% in the last 30 days — has exacerbated these cost impacts, it says.

Carbon counting stock Tymlez (ASX:TYM) lost its acting CEO Daniel O’Halloran, who resigned effective immediately “to devote more time to his family and personal commitments”.

And explorer Minrex Resources (ASX: MRR) has drilled a few dusters (low, sub-economic grades) at three lithium projects in WA.