Top 10 at 10: More rare earths, some graphite; ambitious stock eyes one of the world’s biggest markets
Pic: Click&Boo, Moment/ Via Getty Images
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 |
|---|---|---|---|---|---|
| FIJ | Fiji Kava Limited | 0.005 | 67% | 1,139,020 | $1,200,266 |
| HRE | Heavy Rare Earths | 0.13 | 30% | 305,708 | $5,948,793 |
| MDX | Mindax Limited | 0.25 | 28% | 2,112,282 | $388,646,443 |
| CDR | Codrus Minerals Ltd | 0.105 | 22% | 327,562 | $3,476,980 |
| AGH | Althea Group | 0.053 | 18% | 1,004,154 | $16,831,994 |
| ASP | Aspermont Limited | 0.02 | 18% | 1,014,285 | $41,328,481 |
| ADX | ADX Energy Ltd | 0.007 | 17% | 142,250 | $21,207,748 |
| SAN | Sagalio Energy Ltd | 0.014 | 17% | 40,086 | $2,455,922 |
| ERW | Errawarra Resources | 0.15 | 15% | 135,586 | $7,865,520 |
| DES | Desoto Resources | 0.115 | 15% | 48,578 | $5,500,150 |
Beverage/ natural medicine company Fiji Kava (ASX:FIJ) has appointed RooLife Group (ASX:RLG) as exclusive ecommerce distributor in Australia and China.
Heavy Rare Earths (ASX:HRE) continues to hit thick, high grade clay REEs at the 28Mt Cowalinya project, including 8 metres @ 3057ppm TREO from 27 metres.
A maiden 2000m drilling program has kicked off at Codrus Minerals’ (ASX:CDR) Karloning REE-niobium project in WA.
And Errawarra Resources (ASX:ERW) has identified graphite outcrops at the Errabiddy tenement, right next door to Buxton Resources’ (ASX:BUX) 4Mt @16.2% TGC Graphite Bull project in WA.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| GGX | Gas2Grid Limited | 0.001 | -50% | 2,262,026 | $8,154,204 |
| AYT | Austin Metals Ltd | 0.003 | -25% | 142,000 | $4,063,499 |
| FGL | Frugl Group Limited | 0.007 | -22% | 16,000 | $6,883,646 |
| MCT | Metalicity Limited | 0.002 | -20% | 320,785 | $8,761,348 |
| RR1 | Reach Resources Ltd | 0.004 | -20% | 1,312,500 | $12,387,753 |
| SI6 | SI6 Metals Limited | 0.004 | -20% | 700,000 | $7,476,973 |
| CTO | Citigold Corp Ltd | 0.005 | -17% | 312,000 | $17,241,955 |
| OAU | Ora Gold Limited | 0.0025 | -17% | 2,600,000 | $11,810,775 |
| MRD | Mount Ridley Mines | 0.003 | -14% | 1,412,496 | $27,247,090 |
| MYE | Metarock Group Ltd | 0.155 | -14% | 60,776 | $23,578,658 |
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