Top 10 at 10: Lithium nearology and a beleaguered copper play
Pic: Via getty
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 |
|---|---|---|---|---|---|
| EMN | Euromanganese | 0.16 | 60% | 8,329,584 | $24,581,548 |
| EMU | EMU NL | 0.0015 | 50% | 473,027 | $1,667,521 |
| WEL | Winchester Energy | 0.003 | 50% | 407,803 | $2,040,844 |
| ATH | Alterity Therap Ltd | 0.004 | 33% | 4,612,500 | $7,319,693 |
| MCT | Metalicity Limited | 0.002 | 100% | 9,400,000 | $6,376,629 |
| LBT | LBT Innovations | 0.01 | 25% | 92,804 | $9,247,203 |
| BMR | Ballymore Resources | 0.135 | 23% | 2,509 | $16,081,699 |
| ZNO | Zoono Group Ltd | 0.06 | 20% | 289,670 | $9,496,384 |
| WCN | White Cliff Min Ltd | 0.013 | 18% | 7,716,333 | $14,042,153 |
| PHL | Propell Holdings Ltd | 0.02 | 18% | 4,328 | $2,046,044 |
Euro Manganese (ASX:EMN) has locked in a US$100m funding package from global asset management firm Orion to help build the Chvaletice manganese project in the Czech Republic.
Ballymore Resources (ASX:BMR) has raised $1.8m via placement/ entitlement offer – plus another $1.5m from mining royalty firm Taurus – to advance the Dittmer gold mine to production.
And nearology play White Cliff Minerals (ASX:WCN) is “delighted” to announce that a review into its Lake Johnson project – near Rio Tinto, Charger Metals and TG Metals — indicates it is “highly prospective for spodumene bearing pegmatites”.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| CHK | Cohiba Min Ltd | 0.002 | -33% | 50,000 | $6,639,733 |
| ZMI | Zinc of Ireland NL | 0.016 | -16% | 150,000 | $4,049,741 |
| R3D | R3D Resources Ltd | 0.038 | -16% | 192,500 | $6,856,721 |
| ZNC | Zenith Minerals Ltd | 0.13 | -13% | 82,695 | $52,857,132 |
| GCX | GCX Metals Limited | 0.047 | -13% | 1,250 | $12,732,049 |
| AIS | Aeris Resources Ltd | 0.125 | -13% | 1,454,267 | $99,330,603 |
| NTM | Nt Minerals Limited | 0.007 | -13% | 22,054 | $6,879,223 |
| PXX | Polarx Limited | 0.007 | -13% | 1,100,003 | $12,476,934 |
| DKM | Duketon Mining | 0.19 | -12% | 40,763 | $26,249,399 |
| FFG | Fatfish Group | 0.0125 | -11% | 3,263,750 | $16,663,356 |
Heavily battered copper-gold producer Aeris Resources (ASX:AIS) – which was trading at 79c per share in February — has raised ~$22m at 11c per share to shore up the balance sheet.
A retail entitlement offer is expected to raise another $7.7m.
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