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.