Top 10 at 10: High grade gold, iron ore, and an AI NVIDIA collab
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 |
|---|---|---|---|---|---|
| MRQ | Mrg Metals Limited | 0.003 | 50% | 660,000 | $3,971,837 |
| AMD | Arrow Minerals | 0.004 | 33% | 10,855,608 | $9,071,295 |
| CLE | Cyclone Metals | 0.002 | 33% | 499,999 | $15,396,757 |
| PUA | Peak Minerals Ltd | 0.004 | 33% | 250,000 | $3,124,130 |
| CNW | Cirrus Net Hold Ltd | 0.053 | 33% | 19,741,452 | $37,200,255 |
| ICL | Iceni Gold | 0.145 | 32% | 2,644,668 | $22,942,857 |
| ERL | Empire Resources | 0.005 | 25% | 79,000 | $4,451,740 |
| 1ST | 1St Group Ltd | 0.006 | 20% | 2,237 | $7,084,956 |
| WCN | White Cliff Min Ltd | 0.012 | 20% | 7,473,119 | $11,572,186 |
| OZM | Ozaurum Resources | 0.05 | 19% | 100,000 | $5,334,000 |
Arrow Minerals (ASX:AMD) has uncovered two high grade (+58% fe) iron ore targets from rock chip sampling at Kalako, part of the flagship Simandou North project in Guinea.
IT stock Cirrus (ASX:CNW) announced a collaboration with NASDAQ-listed NVIDIA “to leverage the power of accelerated computing and artificial intelligence (AI) to drive innovation, improve efficiency, and promote sustainability across the Australian resources sector”.
And Iceni Gold (ASX:ICL) has picked up more high grade rock chips up to 3880g/t gold at Everleigh Well, part of the 14 Mile Well project in WA.
Analysis of soil anomalies, rock chips and (+800) gold nuggets indicate the potential for a large buried intrusion, the company says.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| EMC | Everest Metals Corp | 0.25 | -26% | 2,665,962 | $44,007,257 |
| OAR | OAR Resources Ltd | 0.003 | -25% | 100,000 | $10,284,152 |
| AT1 | Atomo Diagnostics | 0.039 | -25% | 2,265,852 | $29,686,332 |
| CCO | The Calmer Co Int | 0.002 | -20% | 1,768 | $1,410,194 |
| FAU | First Au Ltd | 0.0025 | -17% | 412,634 | $4,355,980 |
| MXC | Mgc Pharmaceuticals | 0.005 | -17% | 819,559 | $20,104,158 |
| CSX | Cleanspace Holdings | 0.155 | -16% | 49,747 | $14,255,098 |
| BUY | Bounty Oil & Gas NL | 0.006 | -14% | 90,574 | $9,593,507 |
| FLX | Felix Group | 0.12 | -14% | 9,459 | $21,940,760 |
| HLF | Halo Food Co. Ltd | 0.007 | -13% | 350,000 | $3,206,158 |
This week’s big winner Everest Metals (ASX:EMC) has given back of chunk of its gains after a small drilling program at the Mt Edon lithium-rubidium project returned sub-economic lithium results.
However, EMC COO Simon Phillips says the hunt for the source of this recently discovered LCT mineralisation continues “with the proposed stage 2 drilling campaign set to commence in early August 2023”.
And Atomo Diagnostics (ASX:AT1) will raise $1.25m at 3.6c per share – a 30.8% discount to the last closing price.
Funds raised will be used to expand and accelerate sales, marketing, business development and new product registration activities with a focus on the US market following the recent FDA 510(k) approval for Lumos Diagnostics’ FedbriDx test on the Atomo Pascal platform.
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