Top 10 at 10: Koonenberry Gold aims for big win at the Bellagio… prospect

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.