Top 10 at 10: Lithium Universe hits the ASX with a big bang

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
LU7	Lithium Universe Ltd	0.054	80%	9,523,687	$11,655,657
MGA	Metalsgrovemining	0.165	50%	672,058	$4,092,055
BPP	Babylon Pump & Power	0.005	25%	2,000,000	$9,831,085
RMX	Red Mount Min Ltd	0.005	25%	200,000	$10,097,404
MBK	Metal Bank Ltd	0.039	22%	554,546	$8,847,537
PNX	PNX Metals Limited	0.003	20%	45,000	$13,451,562
FRB	Firebird Metals	0.125	19%	79,168	$7,672,875
SGC	Sacgasco Ltd	0.007	17%	87,428	$4,641,496
TMX	Terrain Minerals	0.007	17%	1,000,000	$6,499,196
OAK	Oakridge	0.15	15%	5,000	$2,235,438

The pivot-tastic Lithium Universe (ASX:LU7) (formerly known as Mogul Games, an online gaming and esports operation) has officially hit the ASX this morning (with a +80% bang), led by lithium trailblazer Iggy Tan.

LU7 is focusing on Tier-1 lithium mining opportunities in Canada and Australia, with its first priority the 240km2 Apollo Lithium Project in the James Bay region of northwest Québec, Canada.

The company reports that an oversubscribed Public Offer of A$4.5m has been completed with strong support from existing and new strategic investors.

MetalsGrove Mining (ASX:MGA) has announced a high-grade carbonatite rare earth (REE) discovery at the Arunta project in the Northern Territory.

The newly found carbonatite is reported to be up to 7,000ppm (0.70%) TREO with multiple zones of mineralisation. The company adds there is “potential for sufficient rare earth minerals resource tonnes”.

Terrain Minerals (ASX:TMX) is making headlines for its REE action today, too, reporting it has received heritage approval to drill at its 100% owned, 320km2 Lort River project.

Lort River covers an area of 320km2 and is located within the heart of the Esperance REE province of Western Australia.

LOSERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).

Code	Company	Price	%	Volume	Market Cap
ADR	Adherium Ltd	0.004	-20%	125,000	$24,997,042
GTG	Genetic Technologies	0.002	-20%	309	$28,854,145
NES	Nelson Resources.	0.004	-20%	34,390	$3,067,972
NTM	Nt Minerals Limited	0.008	-20%	1	$8,006,989
AVM	Advance Metals Ltd	0.005	-17%	1,000,000	$3,531,352
SI6	SI6 Metals Limited	0.005	-17%	1,137,497	$11,963,157
AJQDA	Armour Energy Ltd	0.11	-15%	5	$12,795,489
RTR	Rumble Res Limited	0.145	-15%	895,909	$108,247,392
MGU	Magnum Mining & Exp	0.05	-14%	4,714,360	$41,713,822
AJX	Alexium Int Group	0.015	-12%	208,000	$11,073,626