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Top 10 at 10: Lithium hydroxide plants and a US$3bn ship building deal
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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 | 0.002 | 33% | 455,407 | $9,542,807 |
| PAM | Pan Asia Metals | 0.31 | 29% | 280,654 | $37,263,913 |
| GTE | Great Western Exp. | 0.053 | 26% | 235,252 | $9,523,421 |
| ASB | Austal Limited | 1.995 | 25% | 2,187,647 | $578,094,791 |
| WRK | Wrkr Ltd | 0.023 | 21% | 982,980 | $24,160,191 |
| IVX | Invion Ltd | 0.007 | 17% | 250,000 | $38,529,793 |
| LME | Limeade Inc. | 0.15 | 15% | 39,013 | $33,415,395 |
| AVM | Advance Metals Ltd | 0.008 | 14% | 68,159 | $4,074,308 |
| NTM | Nt Minerals Limited | 0.008 | 14% | 60,174 | $5,604,892 |
| ROG | Red Sky Energy. | 0.004 | 14% | 100,100 | $18,557,795 |
Pan Asia Metals (ASX:PAM) has signed a non-binding MOU with VinES Energy to conduct a feasibility study for a standalone lithium conversion facility in Vietnam.
The potential 20-25,000tpa hydroxide facility will be located close to VinES’ battery plant, PAM says.
Great Western Exploration (ASX:GTE) has completed phase 1 drilling over a large 3.7km x 450m anomaly at the Firebird gold project.
And a US subsidiary of shipbuilder Austal (ASX:ASB) has been awarded a contract worth up to US$3.195bn from the US Navy.
The initial deal for the detail design of the Auxiliary General Ocean Surveillance Ship T-AGOS 25 Class is worth US$113m alone.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| MCT | Metalicity Limited | 0.001 | -33% | 580,000 | $5,256,809 |
| MRD | Mount Ridley Mines | 0.002 | -33% | 590,000 | $23,354,649 |
| RML | Resolution Minerals | 0.004 | -20% | 1,000,000 | $6,286,459 |
| BBX | BBX Minerals Ltd | 0.063 | -18% | 15,405 | $39,138,887 |
| CMX | Chemxmaterials | 0.11 | -15% | 397 | $6,585,946 |
| AHN | Athena Resources | 0.003 | -14% | 1,788,484 | $3,746,636 |
| PYR | Payright Limited | 0.013 | -13% | 4,167 | $13,213,278 |
| MOB | Mobilicom Ltd | 0.007 | -13% | 5,555 | $10,613,414 |
| WFL | Wellfully Limited | 0.007 | -13% | 30,000 | $3,943,553 |
| NNG | Nexion Group | 0.015 | -12% | 10,000 | $3,236,542 |
