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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.
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| CLE | Cyclone Metals | 0.0015 | 50% | 1,743,472 | $10,264,505 |
| LLI | Loyal Lithium Ltd | 0.445 | 39% | 1,883,951 | $21,596,800 |
| AVM | Advance Metals Ltd | 0.008 | 33% | 7,904,035 | $3,531,352 |
| EEL | Enrg Elements Ltd | 0.004 | 33% | 10,964,511 | $3,027,703 |
| SRZ | Stellar Resources | 0.015 | 25% | 1,004,441 | $12,071,571 |
| EQN | Equinoxresources | 0.15 | 25% | 295,949 | $5,400,000 |
| RMI | Resource Mining Corp | 0.064 | 21% | 2,616,592 | $27,862,495 |
| BXN | Bioxyne Ltd | 0.018 | 20% | 5,000 | $28,524,681 |
| AJL | AJ Lucas Group | 0.014 | 17% | 78,571 | $16,508,756 |
| EDE | Eden Inv Ltd | 0.0035 | 17% | 921,386 | $8,990,833 |
Loyal Lithium (ASX:LLI) has kicked off what it’s describing as a comprehensive exploration program at its recently acquired Hidden Lake lithium project in… you guessed it, Canada.
Some 315 untested individual pegmatite outcrops have been by the company identified via high-resolution satellite imagery. These, Loyal Lithium notes, are in addition to four other main spodumene-rich dykes, which have a drill and channel tested cumulative strike length of 2,250m and remain open along strike and depth.
Resource Mining Corporation (ASX:RMI) is focusing on Finland for its lithium. The company says that assays are revealing lithium-bearing pegmatites in the northern part of the Kola lithium project – up to 5.26% Li2O. And at its Hirvikallio lithium project, results of new outcrop samples confirm the presence of lithium-bearing pegmatites there, too.
Advance Metals (ASX:AVM) has confirmed high-grade copper potential in its exploring exploits at the Augustus Polymetallic Project in Arizona.
The company notes that XRF sample results reveal copper grades as high as 20.47% Cu, with a large area for potential copper ore identified through drone-supported ground surveys, geological field reconnaissance, satellite analysis, and geochemical surveys.
Moving down to Tassie, Stellar Resources (ASX:SRZ) has intersected a broad copper-bearing stockwork zone at the North Scamander prospect in north-east Tasmania.
The company writes: “Following 38.6m of visually significant Zn-Pb-Cu mineralisation (announced 28 June 2023), North Scamander exploration drillhole NSD005 has since intersected 160m of pyrrhotite +/- chalcopyrite stockwork veining from 349m, and 14m of weaker pyrrhotite +/- chalcopyrite stockwork veining from 564m.”
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| AXP | AXP Energy Ltd | 0.001 | -33% | 1 | $8,737,021 |
| MTL | Mantle Minerals Ltd | 0.001 | -33% | 275,000 | $9,221,169 |
| MXC | Mgc Pharmaceuticals | 0.002 | -33% | 1,959,094 | $11,677,079 |
| VAL | Valor Resources Ltd | 0.003 | -25% | 30,000 | $15,212,139 |
| SVR | Solvar Limited | 1.375 | -21% | 849,109 | $362,952,249 |
| ADY | Admiralty Resources. | 0.006 | -14% | 50,000 | $9,125,054 |
| CAV | Carnavale Resources | 0.006 | -14% | 948,362 | $23,334,862 |
| RXM | Rex Minerals Limited | 0.215 | -14% | 3,065,724 | $148,196,897 |
| KCC | Kincora Copper | 0.046 | -13% | 1,541,274 | $6,376,020 |
| GED | Golden Deeps | 0.007 | -13% | 75,000 | $9,241,814 |
Automotive finance specialist Solvar Limited (ASX:SVR) has released financial figures in line with previously stated guidance. It’s talking an (unaudited) result for Net Profit After Tax for FY23 of $47.6m.
Copper-gold explorer Rex Minerals (ASX:RXM) has successfully received binding commitments to raise $8 million via a shares placement to institutional and sophisticated investors.
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