Top 10 at 10: Copper tie-ups and lithium acquisitions lead the ASX winners on Monday
Pic: via getty
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).
| Security | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| DY6 | DY6 Metals | 0.125 | 229% | 4023484 | $1,535,612 |
| AMM | Armada Metals | 0.024 | 85% | 1457212 | $2,704,000 |
| HYD | Hydrix Limited | 0.017 | 55% | 1694281 | $2,796,407 |
| BNL | Blue Star Helium Ltd | 0.011 | 38% | 10792495 | $15,538,122 |
| ECT | Env Clean Tech Ltd. | 0.004 | 33% | 2255211 | $9,515,431 |
| A8G | Australasian Metals | 0.097 | 28% | 123515 | $3,961,158 |
| NRZ | Neurizer Ltd | 0.0025 | 25% | 1025000 | $3,804,841 |
| POL | Polymetals Resources | 0.33 | 20% | 61975 | $43,344,897 |
| NAG | Nagambie Resources | 0.012 | 20% | 585000 | $7,966,357 |
| VGL | Vista Group Int Ltd | 2 | 19% | 65500 | $398,107,638 |
Armada Metals (ASX:AMM) will acquire Midwest Lithium, an explorer targeting hard rock deposits in the US.
Midwest, which was previously contemplating an ASX listing of its own, has ground in the spod-rich Black Hills of South Dakota.
Australasian Metals (ASX:A8G) signed an option to acquire a high pure quartz project in the Northern Territory.
Metals Acquisition (ASX:MAC) and Polymetals (ASX:POL) formed a non-exclusive strategic alliance to extract greater value from both the Endeavor and CSA copper mines in the Cobar Basin of NSW.
MAC will also invest up to $5m @ $0.35/share in POL.
“Exceptional” high grade historical drill hits confirm the Tundulu rare earths project in Malawi as a significant asset, says DY6 Metals (ASX:DY6).
Highlights from the 7000m program in 2014 included 101m @ 1.02% TREO and 3.6% phosphate, from surface.
The State 16 SWSE 3054 development well at Blue Star Helium’s (ASX:BNL) Galactica helium project in Las Animas County, Colorado has been successfully drilled to its final total depth.
Upon successful final testing and analysis, the well will be completed for tie-in to production facilities. Commercial discussions with interested buyers have been ongoing since Q423.
And medtech Hydrix (ASX:HYD) signed a $2.3m contract with a European medical technology company.
LOSERS
Stocks highlighted in yellow made market-moving announcements (click headings to sort).
| Security | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| OAR | OAR Resources Ltd | 0.001 | -50% | 58000 | $6,306,622 |
| AUH | Austchina Holdings | 0.002 | -33% | 100000 | $6,301,151 |
| NGS | NGS Ltd | 0.002 | -33% | 100000 | $753,682 |
| AMD | Arrow Minerals | 0.003 | -25% | 680604 | $40,557,460 |
| ODE | Odessa Minerals Ltd | 0.003 | -25% | 16895 | $4,173,130 |
| MKL | Mighty Kingdom Ltd | 0.004 | -20% | 69482 | $12,487,999 |
| MTL | Mantle Minerals Ltd | 0.002 | -20% | 355078 | $15,493,615 |
| PRX | Prodigy Gold NL | 0.002 | -20% | 29704 | $5,034,435 |
| TAS | Tasman Resources Ltd | 0.004 | -20% | 84375 | $3,563,346 |
| CCE | Carnegie Cln Energy | 0.041 | -16% | 621096 | $15,329,820 |
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