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Top 10 at 10: Exciting uranium, disappointing copper, and the search for Atlantis begins
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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).
| Security | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| PKO | Peako Limited | 0.004 | 33% | 95,000 | $1,581,254 |
| BMG | BMG Resources Ltd | 0.017 | 31% | 10,415,273 | $8,239,363 |
| RDS | Redstone Resources | 0.006 | 20% | 105,000 | $4,606,892 |
| SI6 | SI6 Metals Limited | 0.006 | 20% | 333,333 | $9,969,297 |
| KNB | Koonenberry Gold | 0.066 | 20% | 110,395 | $6,586,200 |
| TSL | Titanium Sands Ltd | 0.013 | 18% | 50,265 | $21,931,032 |
| TOE | Toro Energy Limited | 0.63 | 15% | 1,321,193 | $53,145,401 |
| LPD | Lepidico Ltd | 0.008 | 14% | 500,000 | $53,468,156 |
| TAR | Taruga Minerals | 0.008 | 14% | 584,000 | $4,942,187 |
| VMS | Venture Minerals | 0.008 | 14% | 125,000 | $15,470,091 |
There has been a board reshuffle at gold explorer BMG (ASX:BMG), where managing director Bruce McCracken has resigned and non-exec director (and major shareholder) John Prineas assumes the role of non-exec chair.
Koonenberry Gold (ASX:KNB) has approval to drill the Atlantis copper gold prospect, an extensive 6.5km long anomaly underneath a scattering of high grade (+15%) copper rock chips in NSW.
KNB says it has a similar vibe to the +5Moz Stawell gold mine in Western Victoria.
Toro Energy (ASX:TOE) has made inroads into its Lake Maitland uranium project extension study, which is now ”significantly advanced”.
TOE says the highly profitable, 1.3Mlb per annum mine would have an NPV and IRR of $610m and 41% respectively, based on low all in sustaining costs of US$28/lb.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Security | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| ME1 | Melodiol Global Health | 0.001 | -50% | 17,077,777 | $9,457,648 |
| PUA | Peak Minerals Ltd | 0.002 | -33% | 208,333 | $3,124,130 |
| CPO | Culpeo Minerals | 0.056 | -28% | 10,519,896 | $10,474,677 |
| PVT | Pivotal Metals Ltd | 0.019 | -21% | 70,836 | $16,321,339 |
| KPO | Kalina Power Limited | 0.004 | -20% | 650,711 | $11,050,640 |
| NGS | NGS Ltd | 0.013 | -19% | 835,499 | $4,019,638 |
| 1MC | Morella Corporation | 0.005 | -17% | 168,311 | $37,072,797 |
| NKL | Nickelx Ltd | 0.04 | -17% | 641,700 | $4,215,128 |
| AJL | AJ Lucas Group | 0.011 | -15% | 82,500 | $17,884,485 |
| BXN | Bioxyne Ltd | 0.011 | -15% | 15,478 | $24,721,390 |
Culpeo Minerals’ (ASX:CPO) maiden drill results from El Quillay, part of the Fortuna project in Chile, have failed to live up to the hype.
Best results from the first hole included 5.8m @ 0.78% CuEq from 15.2m and 26m @ 0.81% CuEq from 29m.
