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Top 10 at 10: Legal tussles, lithium acquisitions, and high grade gold
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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 |
|---|---|---|---|---|---|
| ARE | Argonaut Resources | 0.003 | 50% | 15,970,046 | $12,723,743 |
| RML | Resolution Minerals | 0.01 | 43% | 12,160,729 | $7,558,223 |
| AQX | Alice Queen Ltd | 0.002 | 33% | 1,000,000 | $3,795,431 |
| MGG | Mogul Games Grp Ltd | 0.002 | 33% | 3,350,000 | $4,895,162 |
| PNX | PNX Metals Limited | 0.004 | 33% | 350,000 | $13,332,173 |
| ROO | Roots Sustainable | 0.002 | 33% | 500,000 | $1,558,829 |
| TTB | Total Brain Ltd | 0.008 | 33% | 1,781,707 | $802,327 |
| MM1 | Midasmineralsltd | 0.23 | 18% | 382,251 | $11,140,694 |
| EMU | EMU NL | 0.004 | 14% | 550,000 | $2,405,438 |
| VIT | Vitura Health Ltd | 0.6 | 14% | 228,189 | $292,179,337 |
Some dodgy business happening over in Zambia, where Argonaut’s (ASX:ARE) Lumwana West exploration licence was cancelled and then granted to another party within 30 days.
ARE is, of course, appealing. The company said today that the High Court made a ruling which compels the Minister who made the original call to decide the appeal within 30 days.
If they don’t?
“PENAL NOTICE: If You the within named Minister of Mines and Mineral Development by your servants or agents, or whatsoever otherwise acting, disobey the whole or any part of this Order you may be held to be in contempt of court and liable to committal to prison or sequestration of your assets.”
PNX Metals (ASX:PNX) has identified multiple high grade gold targets at its Burnside project in the NT, with rock chip sampling returning grades up to ~12g/t.
Midas Minerals (ASX:MM1) will acquire a Canadian lithium project, where historic government sampling returned 15m at 1.25% Li2O across a single pegmatite outcrop, open in all directions.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| ALT | Analytica Limited | 0.001 | -33% | 2,538 | $6,920,702 |
| MTL | Mantle Minerals Ltd | 0.002 | -33% | 500,000 | $16,036,815 |
| NXL | Nuix Limited | 1.28 | -16% | 979,415 | $480,731,913 |
| MHC | Manhattan Corp Ltd | 0.006 | -14% | 330,000 | $10,683,951 |
| MRQ | Mrg Metals Limited | 0.003 | -14% | 62,500 | $6,950,715 |
| NZS | New Zealand Coastal | 0.003 | -14% | 31,172 | $3,944,518 |
| CPT | Cipherpoint Limited | 0.007 | -13% | 342,000 | $9,149,390 |
| DCX | Discovex Res Ltd | 0.0035 | -13% | 1,267,500 | $13,210,272 |
| APX | Appen Limited | 2.98 | -10% | 1,175,260 | $409,841,902 |
| KNM | Kneomedia Limited | 0.009 | -10% | 1,000,000 | $13,537,853 |
