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Top 10 at 10: Chinese invest big in junior ASX lithium stocks
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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 |
|---|---|---|---|---|---|
| CPN | Caspin Resources | 0.42 | 42% | 2,922,870 | $25,743,371 |
| AJQ | Armour Energy Ltd | 0.004 | 33% | 375,000 | $11,287,823 |
| ARE | Argonaut Resources | 0.002 | 33% | 154,000 | $9,542,807 |
| GRE | Greentech Metals | 0.24 | 30% | 3,754,958 | $5,973,650 |
| XST | Xstate Resources | 0.015 | 25% | 1,230,391 | $3,858,230 |
| MRL | Mayur Resources Ltd | 0.2 | 25% | 258,733 | $47,289,038 |
| IEC | Intra Energy Corp | 0.005 | 25% | 500,000 | $2,823,126 |
| TYX | Tyranna Res Ltd | 0.031 | 24% | 12,972,664 | $60,160,633 |
| MYE | Metarock Group Ltd | 0.13 | 24% | 30,879 | $13,754,217 |
| AS2 | Askari Metals | 0.41 | 22% | 742,765 | $21,065,923 |
$18bn global battery and cobalt stock Zhejiang Huayou Cobalt Co has finalised a $2.5m investment in African lithium explorer Askari Metals (ASX:AS2).
Huayou intends to grow its equity position in the company to 9.9%, AS2 says.
Caspin Resources (ASX:CPN) announces a “groundbreaking” rare earths discovery from a recent copper-gold drill program at the Mount Squires project in WA.
And lithium play Tyranna Resources (ASX:TYX) will score +$31m of investment from $8bn capped critical minerals stock Sinomine to fund “fast tracked” exploration of the Namibe project in Angola.
Phase 1 investment of $4.5m will be placed at the last sale price of $0.025c – a 18.8% premium to the 15 day VWAP.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| MEB | Medibio Limited | 0.001 | -33% | 50 | $6,225,891 |
| ANG | Austin Engineering | 0.28 | -25% | 8,541,225 | $218,752,344 |
| RIE | Riedel Resources Ltd | 0.004 | -20% | 5,768,900 | $6,858,535 |
| VAL | Valor Resources Ltd | 0.004 | -20% | 85,100 | $19,015,174 |
| RDS | Redstone Resources | 0.009 | -18% | 10,256,532 | $8,105,156 |
| RB6 | Rubix Resources | 0.15 | -17% | 852 | $5,049,000 |
| CAV | Carnavale Resources | 0.0025 | -17% | 1,200,000 | $8,200,655 |
| CTO | Citigold Corp Ltd | 0.005 | -17% | 200,000 | $17,241,955 |
| MRD | Mount Ridley Mines | 0.003 | -14% | 1,000,000 | $27,247,090 |
| ATH | Alterity Therap Ltd | 0.007 | -13% | 2,678,032 | $19,519,181 |
