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).

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Brightstar Resources (ASX:BTR) hits multiple thin but high grade gold intersections up to 39g/t at the Menzies project in WA.

Pot stock Melodiol Global Health (ASX:ME1) flags a strong start to the September quarter with $1.6m in new revenue by 17 July.

Minbos Resources (ASX:MNB) signs an Memorandum of Understanding (MOU) with Angola’s largest agro-industrial group for 66% of stage 1 production from the Cabinda phosphate rock project.

And drill and blast at Theta Gold Mines’ (ASX:TGM) Frankfort gold mine kicks off to support a commercial bulk sampling campign.

TGM will be paid once the ore has been processed through a third party mill.

 

LOSERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).

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The restart of Peninsula Energy’s (ASX:PEN) Lance uranium projects will be delayed after a long-standing third-party processing deal with Uranium Energy Corp was suddenly terminated.

“Considering the unanticipated notice of termination, Peninsula will not plan to use UEC’s resin processing capacity during the remaining term of the Agreement,” the company says.

“The Company has instead adopted a plan to accelerate the in-house development of an expanded and fully optimised production plant to produce a high-quality yellowcake product free of impurities, aligning with the re-start of production at Lance.

“The decision to accelerate the in-house development of resin processing and yellowcake production, as outlined in Stage 2 of the 2022 Definitive Feasibility Study (DFS), is likely to result in a significant delay to the previously announced imminent re-start of production at Lance.”

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