Top 10 at 10: It’s a big BHP cash splash
Pic: Via Getty
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 | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| CBE | Cobre | 0.062 | 51% | 4,611,080 | $11,763,351 |
| MSG | MCS Services | 0.014 | 40% | 449,999 | $1,980,997 |
| YOJ | Yojee Limited | 0.004 | 33% | 300,000 | $7,636,629 |
| BXN | Bioxyne Ltd | 0.015 | 25% | 500,131 | $22,819,745 |
| AMD | Arrow Minerals | 0.006 | 20% | 1,846,152 | $17,368,825 |
| TBN | Tamboran | 0.175 | 17% | 372,114 | $309,043,080 |
| AHF | Aust Dairy Limited | 0.014 | 17% | 65,615 | $7,756,402 |
| CCO | The Calmer Co Int | 0.007 | 17% | 1,055,054 | $5,144,971 |
| MTB | Mount Burgess Mining | 0.0035 | 17% | 15,407 | $3,134,440 |
| EFE | Eastern Resources | 0.008 | 14% | 75,000 | $8,693,625 |
BHP will give junior African explorer Cobre (ASX:CBE) US$500,000 as part of its 2024 Xplor program.
CBE intends to use the cash to assess and progress targets which have the potential to host tier-one copper-silver deposits. Fellow recipient Hamelin Gold (ASX:HMG) also made strong gains in early trade.
A presentation was given this morning by new Arrow Minerals (ASX:AMD) managing director Dave Flanagan, formerly of Atlas Iron and Delta Lithium.
Arrow has an iron ore project along strike and adjoining the giant Simandou iron ore project under development by a consortium of companies, including Rio Tinto (ASX:RIO).
And health and wellness stock The Calmer Co (ASX:CCO) says December ecommerce sales have again materially increased and now have surpassed $250,000:
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| ME1 | Melodiol Global Health | 0.001 | -50% | 325,215,492 | $9,833,237 |
| YPB | YPB Group Ltd | 0.001 | -50% | 4,400 | $1,580,923 |
| JAV | Javelin Minerals Ltd | 0.0015 | -25% | 454,132 | $3,267,458 |
| PNT | Panther Metals | 0.045 | -25% | 46,613 | $5,101,500 |
| CTO | Citigold Corp Ltd | 0.004 | -20% | 283,500 | $15,000,000 |
| MXC | MGC Pharmaceuticals | 0.32 | -17% | 7 | $16,882,878 |
| SKY | SKY Metals Ltd | 0.03 | -17% | 1,049,949 | $16,610,331 |
| ECT | Env Clean Tech Ltd. | 0.005 | -17% | 3,333 | $17,185,862 |
| MTL | Mantle Minerals Ltd | 0.003 | -14% | 6,220,000 | $21,691,060 |
| BMR | Ballymore Resources | 0.13 | -13% | 129,412 | $26,449,588 |
Sky Metals (ASX:SKY) increased tin inventory at the Tallebung project to 15.6Mt @ 0.15% for 23.2kt of contained tin at 0.08% cutoff.
While tonnages have increased, grade and cut-off grade are down from the maiden resource of 10.2Mt @ 0.18% tin at a 0.10% cutoff.
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