Top 10 at 10: Battery deals, high grades and a monster REE upgrade

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
CLZ	Classic Min Ltd	0.002	100%	8,344,850	$2,437,440
SIH	Sihayo Gold Limited	0.002	100%	100,000	$6,102,128
CCE	Carnegie Cln Energy	0.0015	50%	10,686,311	$15,642,574
REE	Rarex Limited	0.064	36%	4,281,204	$27,231,169
YPB	YPB Group Ltd	0.004	33%	50,000	$1,857,747
WC1	Westcobarmetals	0.11	29%	344,866	$7,342,618
CMX	Chemxmaterials	0.12	20%	93,225	$5,066,113
KPO	Kalina Power Limited	0.012	20%	804,190	$15,151,958
LPD	Lepidico Ltd	0.012	20%	700,000	$76,377,717
NZS	New Zealand Coastal	0.003	20%	1,016,356	$4,135,025

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).

Code	Company	Price	%	Volume	Market Cap
SCU	Stemcell United Ltd	0.0055	-58%	12,979,438	$16,916,037
BFC	Beston Global Ltd	0.013	-41%	2,383,083	$43,935,032
MCT	Metalicity Limited	0.002	-33%	250,000	$10,513,618
TYM	Tymlez Group	0.008	-33%	3,768,002	$13,106,344
MRR	Minrex Resources Ltd	0.016	-30%	10,946,773	$24,951,953
DXN	DXN Limited	0.003	-25%	3,312,500	$6,885,259
CTO	Citigold Corp Ltd	0.004	-20%	9,246	$14,168,295
PUR	Pursuit Minerals	0.016	-20%	7,134,614	$23,745,017
JRV	Jervois Global Ltd	0.056	-16%	23,926,519	$139,310,485
SIO	Simonds Grp Ltd	0.09	-14%	70,889	$37,790,177

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.