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Top 10 at 10: Contract wins and another rare earths discovery
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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 |
|---|---|---|---|---|---|
| NCR | Nucoal Resources Ltd | 0.011 | 57% | 488,562 | $5,380,286 |
| SUM | Summitminerals | 0.2 | 54% | 1,745,539 | $3,214,582 |
| MCT | Metalicity Limited | 0.003 | 50% | 998,333 | $7,009,079 |
| SW1 | Swift Networks Group | 0.013 | 30% | 214,285 | $5,927,967 |
| WEC | White Energy Company | 0.185 | 28% | 1,000 | $5,882,547 |
| BNO | Bionomics Limited | 0.034 | 26% | 4,867,027 | $39,655,856 |
| MTH | Mithril Resources | 0.0025 | 25% | 2,803,835 | $6,526,180 |
| PUA | Peak Minerals Ltd | 0.006 | 20% | 20,000 | $5,206,883 |
| SI6 | SI6 Metals Limited | 0.007 | 17% | 1,425,571 | $8,972,368 |
| PGM | Platina Resources | 0.022 | 16% | 14,000 | $11,840,426 |
Explorer Summit Minerals (ASX:SUM) reported strong drilling results at the Stallion clay rare earths project, including a highlight 17m @ 3,783.4 ppm TREO from 61m inc. 1m @ 1.52% (15,200ppm) TREO from 73m.
“It is early days, but the company may have identified a significant ion adsorption deposit,” managing director Jon King says.
“This is a fantastic result for the company in its maiden drilling program since IPO, and we are looking forward to Stage 2 of the drilling campaign.”
Entertainment platform Swift Networks (ASX:SW1) has been awarded project contracts with multiple companies including OTOC, AngloGold Ashanti, Mineral Resources, and Roy Hill worth a cumulative $2.06m.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| MGG | Mogul Games Grp Ltd | 0.001 | -33% | 50,000 | $4,895,162 |
| PNX | PNX Metals Limited | 0.002 | -33% | 400,000 | $16,141,874 |
| PRM | Prominence Energy | 0.001 | -33% | 61,111 | $3,636,913 |
| OAU | Ora Gold Limited | 0.003 | -25% | 11,633,493 | $3,936,925 |
| NRX | Noronex Limited | 0.023 | -21% | 2,487,164 | $7,328,053 |
| CHK | Cohiba Min Ltd | 0.004 | -20% | 50,000 | $8,866,221 |
| ROG | Red Sky Energy. | 0.004 | -20% | 400,100 | $26,511,136 |
| TMB | Tambourahmetals | 0.1 | -17% | 70,000 | $4,943,112 |
| SRZ | Stellar Resources | 0.01 | -17% | 344,507 | $12,055,571 |
| TOR | Torque Met | 0.11 | -15% | 200,000 | $8,205,594 |
