Top 10 at 10: MinRes keeps expanding its Lithium Empire, Brissie hydrogen hub gets the green light

Stockhead’s Top 10 at 10, published at ~10.40am 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 made market-moving announcements (click headings to sort).

Security	Description	Last	%	Volume	MktCap
JAV	Javelin Minerals Ltd	0.002	100%	250,000	$2,176,231
LRD	Lord Resources	0.093	82%	2,874,490	$1,893,738
LIO	Lion Energy Limited	0.042	68%	8,409,148	$10,924,444
C29	C29 Metals	0.1	43%	582,000	$3,777,684
PEK	Peak Rare Earths Ltd	0.28	51%	560,717	$49,199,226
ADS	Adslot Ltd.	0.003	50%	3,000,000	$6,448,991
PBL	Parabellum Resources	0.07	30%	30,000	$3,364,200
AVD	Avada Group Limited	0.61	23%	107,536	$42,042,837
LPD	Lepidico Ltd	0.006	20%	1,076,400	$38,191,540
ACS	Accent Resources NL	0.007	17%	293	$2,838,764

Lion Energy (ASX:LIO) has development approval for its hydrogen generation and refuelling hub project at the Port of Brisbane, with construction to kick off Q2 this year.

The hub will initially focus on supplying hydrogen to domestic public bus fleets, truck fleets, and fuel cell gensets for the construction and mining industry.

Rare earths hopeful Peak Rare Earths (ASX:PEK) drilled into high grade fluorspar at its Ngualla project in Tanzania.

Fluorspar is mainly used in steel, iron, and aluminium production; refrigeration and air conditioning; fluorochemicals; nuclear uranium fuel; and oil refining.

Parabellum Resources (ASX:PBL) hit high grade near surface nickel-cobalt in drilling at the Miandetta-Redlands prospect in NSW.

Serial lithium acquirer MinRes (ASX:MIN) is at it again, inking a deal to farm into Lord Resources’ (ASX:LRD) early stage Horse Rocks project near the Mt Marion mine.

LOSERS

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

Security	Description	Last	%	Volume	MktCap
AXP	AXP Energy Ltd	0.001	-50%	640,000	$11,649,361
AL8	Alderan Resource Ltd	0.004	-20%	396,039	$5,534,307
MTB	Mount Burgess Mining	0.002	-20%	139,851	$2,612,034
ROG	Red Sky Energy	0.004	-20%	46,999	$27,111,136
CLV	Clover Corporation	0.685	-15%	24,844	$134,434,470
OMX	Orangeminerals	0.023	-15%	100,000	$2,315,255
AML	Aeon Metals Ltd.	0.006	-14%	369,212	$7,674,804
YAR	Yari Minerals Ltd	0.006	-14%	153,801	$3,376,505
ALA	Arovella Therapeutic	0.135	-13%	1,674,423	$143,399,217
AUH	Austchina Holdings	0.0035	-13%	250,000	$8,311,535

Sales revenue plummeted 39% to $27.3m in the half year ending 31 January, says infant formula stock Clover Corp (ASX:CLV).

It blames declining global birth rates, a shift in Chinese manufacturing preferences towards Algae DHA over fish DHA, and intensified competition in a shrinking market for continued sluggish demand.

Orange Minerals (ASX:OMX) drilled a bunch of dusters in a phase one 1000m program at the Eastern Gold Fields project.