Pic: Via getty
Top 10 at 10: A couple of last-minute stocking stuffers … and one big lump of coal(ithium)
News
share
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 | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| MIL | Millennium Grp Ltd | 1.085 | 75% | 1,119,258 | $29,241,221 |
| AGR | Aguia Res Ltd | 0.015 | 67% | 6,516,159 | $4,549,328 |
| LSR | Lodestar Minerals | 0.004 | 33% | 1,292,718 | $6,070,192 |
| JAY | Jayride Group | 0.04 | 25% | 3,838 | $7,501,092 |
| ENV | Enova Mining Limited | 0.016 | 23% | 16,587,396 | $8,332,081 |
| CTO | Citigold Corp Ltd | 0.006 | 20% | 2,445,932 | $14,368,295 |
| FHS | Freehill Mining Ltd. | 0.006 | 20% | 1,454,342 | $14,249,172 |
| BTE | Botalaenergyltd | 0.088 | 17% | 40,000 | $5,440,417 |
| CCO | The Calmer Co Int | 0.007 | 17% | 2,857,843 | $5,144,971 |
| RMX | Red Mount Min Ltd | 0.0035 | 17% | 408,858 | $8,020,728 |
Cleaning and security services stock Millennium Group (ASX:MIL) could be acquired by SoftBank Robotics Singapore for $1.15/sh – a big 85% premium to the last closing price.
The MIL board recommends the deal, although it’s unclear why a robotics company needs cleaning services.
Another takeover deal, this time between Aguia Resources (ASX:AGR) and South American gold hunter Andean Mining.
AGR wants to acquire Andean and its operational Santa Barbara gold mine and Atocha silver-gold exploration project in an all-share offer.
And Botala Energy (ASX:BTE) will raise $2.4m via placement – including $775,000 from the board – at an 8.4% premium to the 10-day VWAP.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| DCX | Discovex Res Ltd | 0.001 | -50% | 300,000 | $6,605,136 |
| KNM | Kneomedia Limited | 0.002 | -33% | 1,200,000 | $4,599,814 |
| NVQ | Noviqtech Limited | 0.003 | -25% | 32,969 | $5,237,781 |
| CXO | Core Lithium | 0.27 | -18% | 26,130,643 | $705,188,730 |
| AJL | AJ Lucas Group | 0.011 | -15% | 4,000 | $17,884,485 |
| AVE | Avecho Biotech Ltd | 0.003 | -14% | 10,653 | $11,092,540 |
| PRX | Prodigy Gold NL | 0.006 | -14% | 2,000 | $12,257,755 |
| PXX | Polarx Limited | 0.007 | -13% | 44,796 | $13,116,934 |
| POD | Podium Minerals | 0.029 | -12% | 1,233,834 | $12,023,108 |
| SOP | Synertec Corporation | 0.16 | -11% | 11,600 | $77,669,268 |
New lithium miner Core (ASX:CXO) says plummeting spodumene prices have prompted a strategic review of operations at Finniss in the NT.
“The price of spodumene concentrate has declined more than 80% year to date, including by more than 40% since the end of October 2023,” it says.
“The review will prioritise preserving business value and future options.
“Given the difficulties associated with mining and construction in the wet season and the focus on reducing expenditure, BP33 [underground mine] early works have been suspended.”
