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Top 10 at 10: Has this junior explorer discovered a niobium motherlode?
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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 made market-moving announcements (click headings to sort).
| Security | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| RR1 | Reach Resources Ltd | 0.021 | 75% | 12,434,959 | $10,493,176 |
| TIG | Tigers Realm Coal | 0.004 | 33% | 776,988 | $39,200,107 |
| TMK | TMK Energy Limited | 0.004 | 33% | 200,000 | $20,734,836 |
| ALR | Altairminerals | 0.005 | 25% | 45,029 | $17,186,310 |
| TMR | Tempus Resources Ltd | 0.005 | 25% | 1,120,000 | $2,923,995 |
| LSR | Lodestar Minerals | 0.002 | 25% | 4,882,823 | $3,237,436 |
| AYT | Austin Metals Ltd | 0.006 | 20% | 1,000,000 | $6,620,957 |
| EEL | Enrg Elements Ltd | 0.003 | 20% | 1,827,434 | $2,524,913 |
| VRC | Volt Resources Ltd | 0.006 | 20% | 166,666 | $20,793,391 |
| S66 | Star Combo | 0.13 | 18% | 10,091 | $14,859,128 |
Reach Resources (ASX:RR1) reckons it has found the primary source of high grade niobium at Wabli Creek, with newly sampled rocks grading up to 17.65%.
“This is a significant breakthrough for the Wabli Creek project,” Reach CEO Jeremy Bower says.
“It was not known whether the hard rock source material would hold the same or similar concentrations as the previously reported surface eluvium samples, however taking rock chips directly from the hard rock insitu material and returning similar grades up to 17% Nb2O5, plus high grade REE and titanium is extremely promising.”
LOSERS
Stocks highlighted in yellow made market-moving announcements (click headings to sort).
| Security | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| AVE | Avecho Biotech Ltd | 0.003 | -25% | 13,000 | $12,677,188 |
| VML | Vital Metals Limited | 0.003 | -25% | 40,750 | $23,580,268 |
| MKL | Mighty Kingdom Ltd | 0.004 | -20% | 1,684,109 | $12,487,999 |
| RIE | Riedel Resources Ltd | 0.002 | -20% | 14,712,861 | $5,559,589 |
| ROG | Red Sky Energy. | 0.004 | -20% | 3,282,689 | $27,111,136 |
| AEV | Avenira Limited | 0.005 | -17% | 1,441,288 | $14,094,204 |
| LPD | Lepidico Ltd | 0.0025 | -17% | 4,010,955 | $25,767,358 |
| BTH | Bigtincan Hldgs Ltd | 0.11 | -15% | 674,564 | $80,115,367 |
| PLC | Premier1 Lithium Ltd | 0.022 | -15% | 336,000 | $4,538,926 |
| CBH | Coolabah Metals Limi | 0.085 | -15% | 1,000 | $12,040,628 |
