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Top 10 at 10: Koonenberry Gold aims for big win at the Bellagio… prospect
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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 |
|---|---|---|---|---|---|
| AXP | AXP Energy Ltd | 0.002 | 100% | 99,801 | $5,824,681 |
| KNB | Koonenberrygold | 0.04 | 29% | 130,000 | $2,348,450 |
| RDN | Raiden Resources Ltd | 0.01 | 25% | 11,473,233 | $16,442,151 |
| EEL | Enrg Elements Ltd | 0.006 | 20% | 4,109,665 | $5,046,171 |
| NAE | New Age Exploration | 0.006 | 20% | 120,000 | $7,179,495 |
| VKA | Viking Mines Ltd | 0.012 | 20% | 200,818 | $10,252,584 |
| ERW | Errawarra Resources | 0.095 | 17% | 191,028 | $4,900,824 |
| RIM | Rimfire Pacific | 0.007 | 17% | 507,976 | $12,031,468 |
| MKL | Mighty Kingdom Ltd | 0.023 | 15% | 80,129 | $6,524,392 |
| CCX | City Chic Collective | 0.55 | 15% | 1,946,510 | $111,321,641 |
Koonenberry Gold (ASX:KNB) has been granted the final approval it’s been seeking from the NSW Resources Regulator to begin drilling at the Bellagio Prospect in NSW, about 160km north-east of Broken Hill.
Its aircore drilling program is scheduled to commence in August and has been designed to test multiple high-grade gold assays from outcropping quartz veins.
Viking Mines (ASX:VKA) has achieved significant vanadium recoveries of up to 99.3% in sighter testwork on samples from its Kinks South operation at the Canegrass Battery Minerals Project.
The company believes the magnetic concentrate extrapolated from samples are of an excellent quality, with high iron content, indicating they may be suitable “for feed to a kiln to produce a Vanadium Pentoxide (V2O5) flake product”.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| GBE | Globe Metals &Mining | 0.048 | -30% | 555,887 | $34,967,040 |
| CCE | Carnegie Cln Energy | 0.0015 | -25% | 527,002 | $31,285,147 |
| MCT | Metalicity Limited | 0.0015 | -25% | 1,375,041 | $7,472,172 |
| BTE | Botalaenergyltd | 0.1 | -23% | 10,000 | $6,931,167 |
| LRL | Labyrinth Resources | 0.007 | -22% | 3,259,610 | $9,941,029 |
| NYM | Narryermetalslimited | 0.14 | -18% | 414,545 | $5,182,875 |
| H2G | Greenhy2 Limited | 0.013 | -13% | 378 | $6,281,337 |
| DKM | Duketon Mining | 0.28 | -11% | 70,000 | $38,458,422 |
| OAR | OAR Resources Ltd | 0.004 | -11% | 1,630,001 | $11,759,111 |
| RMD | ResMed Inc. | 30.26 | -11% | 953,876 | $14,445,029,171 |
African-focused explorer Globe Metals & Mining (ASX:GBE) is undertaking an entitlement offer to raise up to $8 million. It’s a 3 for 7 offer at at $0.037 per new share, and the funding will go towards further developing the company’s operations at the Kanyika niobium project in Malawi.
ResMed (ASX:RMD), a digital health tech firm, has announced year over year revenue growth of 23%, with operating profit up 8%, non-GAAP operating profit up 13%, and quarterly dividend increases of 9% to $0.48 per share. This obviously does not explain why it’s dipped in price today, however.
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