Top 10 at 10: High grade gold hits and a big psychedelics joint venture
Pic: Via Getty
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 |
|---|---|---|---|---|---|
| MEB | Medibio Limited | 0.0015 | 50% | 41,672 | $4,150,594 |
| TLM | Talisman Mining | 0.2 | 25% | 535,401 | $30,038,320 |
| PNX | PNX Metals Limited | 0.003 | 20% | 1,000,655 | $13,451,562 |
| RML | Resolution Minerals | 0.006 | 20% | 381,750 | $5,398,731 |
| YPB | YPB Group Ltd | 0.003 | 20% | 316,666 | $1,548,122 |
| LRL | Labyrinth Resources | 0.014 | 17% | 687,071 | $11,513,848 |
| MRD | Mount Ridley Mines | 0.004 | 14% | 1,267,250 | $27,247,090 |
| VIT | Vitura Health Ltd | 0.42 | 14% | 114,728 | $205,916,866 |
| CL8 | Carly Holdings Ltd | 0.035 | 13% | 70,220 | $6,335,482 |
| GTR | Gti Energy Ltd | 0.009 | 13% | 55,555 | $14,837,834 |
Explorer Labyrinth Resources (ASX:LRL) has reported numerous high grade gold hits up to 35g/t outside the 96,000oz (4.6g/t ore grade) resource at the 51%-owned Comet Vale project near Kalgoorlie.
Highlights include 5m @ 15g/t Au from 46m, including 2m @ 35.6g/t from 49m.
Psychedelics stock Vitura (ASX:VIT) and Canadian-based PharmAla Biotech (CSE:MDMA) have developed a JV called Cortexa, which aims to become the leading supplier of psychedelics for research and therapeutic use in Australia.
Cortexa will generate revenues from the outset, VIT says, with all sale orders for MDMA and psilocybin by PharmAla for supply into Australia being transferred to Cortexa.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| FAU | First Au Ltd | 0.003 | -25% | 500,000 | $4,379,133 |
| CHK | Cohiba Min Ltd | 0.004 | -20% | 100,000 | $8,866,221 |
| PUA | Peak Minerals Ltd | 0.004 | -20% | 9,010 | $5,206,883 |
| PNT | Panther Metals | 0.073 | -19% | 200,000 | $5,503,500 |
| ADS | Adslot Ltd. | 0.005 | -17% | 1,550,000 | $13,226,090 |
| OMX | Orangeminerals | 0.043 | -14% | 23,255 | $2,483,369 |
| MKG | Mako Gold | 0.033 | -13% | 642,427 | $17,922,752 |
| 88E | 88 Energy Ltd | 0.008 | -11% | 1,220,000 | $180,970,814 |
| FFF | Forbidden Foods | 0.017 | -11% | 1,961 | $2,526,630 |
| RNT | Rent.Com.Au Limited | 0.027 | -10% | 720,600 | $15,409,626 |
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