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Top 10 at 10: EML exits troubled Irish business, Liontown sinks after Albemarle exit
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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 have made market-moving announcements (click headings to sort).
| Code | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| ME1 | Melodiol Global Health | 0.0015 | 50% | 359,700 | $4,916,618 |
| GMN | Gold Mountain Ltd | 0.004 | 33% | 315,000 | $6,807,236 |
| HLX | Helix Resources | 0.004 | 33% | 1,720,000 | $6,969,438 |
| EML | EML Payments Ltd | 0.975 | 31% | 3,780,721 | $279,314,944 |
| SBR | Sabre Resources | 0.037 | 28% | 2,767,989 | $10,500,574 |
| CAV | Carnavale Resources | 0.005 | 25% | 250,000 | $13,694,207 |
| LML | Lincoln Minerals | 0.006 | 20% | 50,000 | $8,520,226 |
| EMP | Emperor Energy Ltd | 0.014 | 17% | 82,285 | $4,088,850 |
| CPO | Culpeo Minerals | 0.05 | 16% | 4,580,470 | $5,774,501 |
| H2G | Greenhy2 Limited | 0.008 | 14% | 12,500 | $2,931,291 |
EML Payments (ASX:EML) has announced that it will exit its embattled Irish PCSIL business, concluding “a period of significant earnings losses, cash burn and management distraction from operating PCSIL”.
“Following a detailed analysis the PCISL board has made the decision to wind down PCSIL with the support of the EML board,” EML chairman Luke Bortoli says.
Sabre Resources (ASX:SBR) has launched its new exploration program at the Dingo uranium project within the explorers 1100km2 Ngalia Basin tenement package in the Northern Territory, to follow up to follow up on high grade results identified in previous drilling.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| APM | APM Human Services | 0.87 | -34% | 4,400,276 | $1,215,266,078 |
| MHK | Metalhawk | 0.08 | -33% | 406,594 | $11,929,734 |
| EDE | Eden Innovations | 0.002 | -33% | 2,350,000 | $11,034,813 |
| TMX | Terrain Minerals | 0.005 | -17% | 200,000 | $8,120,567 |
| ASR | Asra Minerals Ltd | 0.006 | -14% | 800,000 | $11,455,470 |
| IND | Industrialminerals | 0.4575 | -13% | 171,393 | $36,099,000 |
| RR1 | Reach Resources Ltd | 0.0035 | -13% | 602,716 | $12,841,188 |
| NRZ | Neurizer Ltd | 0.011 | -12% | 1,074,702 | $17,224,321 |
| LTR | Liontown Resources | 1.2 | -12% | 7,583,813 | $3,293,899,267 |
| FTZ | Fertoz Ltd | 0.049 | -11% | 115,000 | $14,180,915 |
Liontown Resources (ASX:LTR) has plunged after NYSE-listed lithium giant Albemarle reportedly sold its 4% stake overnight in the Gina Rinehart-backed lithium group.
The shares were traded at $1.26 each, marking a 7.4% reduction from LTR’s closing price of $1.36/share on Wednesday, with the sale coming as Albemarle outlined cost-cutting measures to “re-phase its organic growth investments and optimise its cost structure in response to changing end-market conditions, particularly in the lithium value chain”.
