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Top 10 at 10: Gold explorer flies on De Grey nearology, VR stock eyes major defence contract
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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 |
|---|---|---|---|---|---|
| MTL | Mantle Minerals Ltd | 0.003 | 50% | 300,000 | $10,691,210 |
| RXL | Rox Resources | 0.205 | 41% | 4,460,217 | $32,531,368 |
| CCE | Carnegie Cln Energy | 0.002 | 33% | 3,550,491 | $23,463,861 |
| ARE | Argonaut Resources | 0.0025 | 25% | 1,851,467 | $12,723,743 |
| VAR | Variscan Mines Ltd | 0.018 | 20% | 178,600 | $4,000,980 |
| MCT | Metalicity Limited | 0.003 | 20% | 1,000,000 | $8,761,348 |
| MMM | Marley Spoon | 0.195 | 18% | 502,914 | $64,904,355 |
| VR1 | Vection Technologies | 0.059 | 18% | 2,115,841 | $56,329,448 |
| ADN | Andromeda Metals Ltd | 0.048 | 17% | 7,870,958 | $127,510,346 |
| GTG | Genetic Technologies | 0.0035 | 17% | 2,019,628 | $34,624,974 |
Mantle Minerals (ASX:MTL) (formerly Caeneus Minerals) has restarted early stage gold exploration at the Mallina project, immediately north of De Grey’s (ASX:DEG) monster 10.6Moz Hemi discovery.
Drilling has pulled up an eyewatering 28m at 34.81g/t gold from 204m outside the current resource at the Rox Resources (ASX:ROX) – Venus Metals (ASX:VMC) Youanmi project JV in WA.
Zinc explorer Variscan Mines (ASX:VAR) also reported high grade drilling results outside the main resource at San Jose, including 22m at8.16% zinc and 0.23% lead.
And VR stock Vection (ASX:VR1)has been awarded a major ‘pilot’ order of ~$1 million for a top ten largest defence contractor in the world.
This initial pilot forms part of a larger tender of up to ~$30 million. If the pilot proves successful, the VR1 expects to finalise the subsequent order awards within the next six months, subject to final agreements and negotiations with the end client.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| AQX | Alice Queen Ltd | 0.001 | -33% | 5,528,853 | $3,795,431 |
| CLT | Cellnet Group | 0.022 | -19% | 8,300 | $6,577,055 |
| NET | Netlinkz Limited | 0.011 | -15% | 1,207,164 | $45,394,925 |
| YRL | Yandal Resources | 0.077 | -13% | 6,000 | $13,886,671 |
| LSR | Lodestar Minerals | 0.0045 | -10% | 172,222 | $8,692,187 |
| GRE | Greentechmetals | 0.14 | -10% | 6,773 | $5,004,950 |
| KNB | Koonenberrygold | 0.075 | -10% | 5,000 | $6,287,785 |
| MPR | Mpower Group Limited | 0.019 | -10% | 622,550 | $6,167,769 |
| REM | Remsensetechnologies | 0.095 | -10% | 134,892 | $3,828,465 |
| ETR | Entyr Limited | 0.02 | -9% | 107 | $33,169,424 |
