Top 10 at 10: Investors love rare earths, hate giant cap raises

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
CDR	Codrus Minerals Ltd	0.19	52%	5,054,463	$5,053,750
MTB	Mount Burgess Mining	0.003	50%	315	$1,766,342
CLE	Cyclone Metals	0.002	33%	1,000,000	$13,633,872
AVE	Avecho Biotech Ltd	0.006	20%	35,000	$9,189,347
TMX	Terrain Minerals	0.006	20%	986,950	$5,415,997
CRS	Caprice Resources	0.048	17%	1,145,540	$4,787,034
ADX	ADX Energy Ltd	0.007	17%	42,857	$21,207,748
OAR	OAR Resources Ltd	0.0035	17%	34,485	$7,233,114
RIE	Riedel Resources Ltd	0.007	17%	11,092,793	$8,230,242
SCU	Stemcell United Ltd	0.004	14%	656,174	$4,496,554

Codrus (ASX:CDR) is the latest explorer to find clay rare earths, reporting grades up to 4,764ppm TREO in a maiden drill hole at the Karloning REE-niobium project in WA.

“The result from KLRC001 significantly upgrades the Karloning project’s REE potential, with two styles of REE mineralisation now confirmed within the project area – hard rock pegmatite mineralisation and clayhosted REE’s,” the company says.

More REEs from Caprice Resources (ASX:CRS), which has uncovered an anomaly over at least 300m at the Mukinbudin project, with rock chips and soil samples returning up to 3,761ppm REO.

LOSERS

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

Code	Company	Price	%	Volume	Market Cap
OAU	Ora Gold Limited	0.002	-33%	255,000	$11,810,775
VPR	Volt Power Group	0.001	-33%	336,500	$16,074,312
VUL	Vulcan Energy	5.13	-17%	924,747	$883,561,454
RML	Resolution Minerals	0.005	-17%	3,000,000	$6,523,583
EMS	Eastern Metals	0.06	-15%	261,562	$2,773,573
MRD	Mount Ridley Mines	0.003	-14%	164,999	$27,247,090
NAG	Nagambie Resources	0.04	-13%	227,432	$26,759,411
REE	Rarex Limited	0.053	-12%	3,787,456	$34,763,195
DTC	Damstra Holdings	0.079	-11%	159,399	$22,934,979
GBE	Globe Metals &Mining	0.049	-11%	99,139	$27,872,278

Geothermal lithium play Vulcan Energy Resources (ASX:VUL) continues to fall after completing a $109m placement at an offer price of A$5.10/sh (EUR 3.08/sh) – a 16% discount to Wednesday’s closing price.