Top 10 at 10: Niobium acquisitions and 17m at 10.6g/t gold bonanza
Pic: via getty
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 |
|---|---|---|---|---|---|
| REE | Rarex Limited | 0.022 | 52% | 8,728,442 | $9,909,105 |
| SER | Strategic Energy | 0.018 | 50% | 6,290,903 | $5,829,782 |
| MRD | Mount Ridley Mines | 0.0015 | 50% | 10,137,390 | $7,784,883 |
| ECT | Environmental Clean Technologies | 0.004 | 33% | 304,578 | $9,515,431 |
| JAV | Javelin Minerals Ltd | 0.002 | 33% | 250,491 | $3,264,346 |
| KAL | Kalgoorlie Gold Mining | 0.035 | 30% | 4,757,170 | $4,279,519 |
| CAZ | Cazaly Resources | 0.031 | 29% | 5,080,641 | $10,911,272 |
| IEC | Intra Energy Corp | 0.0025 | 25% | 1,002,133 | $3,381,563 |
| MOM | Moab Minerals Ltd | 0.006 | 20% | 200,000 | $3,559,815 |
| RNE | Renu Energy Ltd | 0.007 | 17% | 127,299 | $4,356,804 |
Strategic Energy Resources (ASX:SER) raised $2m via placement to explore the Achilles 1 polymetallic prospect in the South Cobar Basin.
The placement, done at a small 8,.3% discount to the last traded price, is cornerstoned by Datt Capital and Lowell Resources Fund (ASX:LRT).
RareX (ASX:REE) have entered the niobium space, buying a large, early stage project in WA’s East Yilgarn region.
Kalgoorlie Gold Mining (ASX:KAL) has pulled up thick, shallow gold in a first pass aircore drilling program at Wessex, near Hawthorn Resources’ (ASX:HAW) Anglo Saxon open pit mine.
Highlights include 28m at 1.27 g/t gold from 36m.
Strickland Metals (ASX:STK) is also enjoying gold’s glow today after drilling results – including a highlight 17m @ 10.6g/t Au from 144.7m – at the Palomino prospect “exceeded expectations”.
Amongst the big stocks $19bn-capped accounting company Xero (ASX:XRO) was the standout after releasing a strong set of results for FY24.
LOSERS
Stocks highlighted in yellow made market-moving announcements (click headings to sort).
| Security | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| OAR | OAR Resources Ltd | 0.0015 | -25% | 19,000,000 | $6,306,622 |
| 88E | 88 Energy Ltd | 0.0025 | -17% | 295,545,763 | $86,678,016 |
| ATH | Alterity Therapeutics | 0.005 | -17% | 109,000 | $31,470,692 |
| CDT | Castle Minerals | 0.005 | -17% | 107,929 | $7,346,958 |
| MTL | Mantle Minerals Ltd | 0.0025 | -17% | 1,202,049 | $18,592,338 |
| LPD | Lepidico Ltd | 0.003 | -14% | 707,605 | $30,061,918 |
| TSL | Titanium Sands Ltd | 0.006 | -14% | 590,635 | $15,482,230 |
| NVQ | Noviqtech Limited | 0.0035 | -13% | 1,006,666 | $5,949,229 |
| GUE | Global Uranium | 0.105 | -13% | 181,744 | $31,882,468 |
| AGD | Austral Gold | 0.021 | -13% | 16,694 | $14,695,472 |
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