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Top 10 at 10: Niobium acquisitions and 17m at 10.6g/t gold bonanza

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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
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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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Categories: News

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