Top 10 at 10: Offtake deals, spectacular metal grades and lucrative takeovers

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
ROO	Roots Sustainable	0.0015	50%	79,637	$1,039,220
LNU	Linius Tech Limited	0.002	33%	1,250,501	$4,844,619
MRQ	Mrg Metals Limited	0.003	20%	300,000	$4,964,797
VRC	Volt Resources Ltd	0.013	18%	5,361,596	$43,333,663
EM2	Eagle Mountain	0.2	18%	2,600,564	$51,844,367
DTR	Dateline Resources	0.021	17%	1,129,772	$11,151,891
FAU	First Au Ltd	0.0035	17%	949,003	$3,284,350
SBR	Sabre Resources	0.031	15%	35,000	$7,870,127
GLA	Gladiator Resources	0.016	14%	538,699	$7,646,379
CLG	Close Loop	0.37	12%	43,072	$110,698,988

Graphite play Volt Resources (ASX:VRC) has signed a binding offtake deal with NYSE-listed battery anode material producer Graphex Group.

VRC will sell 10,000 tonnes per annum of graphite fine natural flake product from its ‘Bunyu’ project for an initial 5-year term.

Eagle Mountain Mining (ASX:EM2) is pulling up eyewatering grades in drilling at the Oracle Ridge project, including 25.5% Cu, 1,935g/t Ag and 15.2g/t Au.

High-grade zones such as these demonstrate that the mineralisation is not uniform and there are areas of spectacular grade, the company says.“This could be an indicator of a larger system or thicker areas in the vicinity.”

And recycling stock Close the Loop Groop (ASX:CLG) will acquire American refurbished electronics business, ISP Tek Services, for up to US$66m.

ISP Tek Services recorded revenue for the 12 months to October 2022 of US$49m with net profit after tax of US$13.7m.

LOSERS

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

Code	Company	Price	%	Volume	Market Cap
MGG	Mogul Games Grp Ltd	0.001	-33%	771	$4,895,162
TD1	Tali Digital Limited	0.002	-33%	250,000	$8,325,467
ENX	Enegex Limited	0.018	-28%	1,234,300	$4,222,900
CLZ	Classic Min Ltd	0.0015	-25%	27,567,718	$3,307,654
OSL	Oncosil Medical	0.024	-23%	3,601,381	$30,821,510
TNY	Tinybeans Group Ltd	0.23	-21%	68,975	$17,801,782
THR	Thor Energy PLC	0.004	-20%	298,000	$7,390,564
JAN	Janison Edu Group	0.305	-16%	656,313	$86,800,746
OAR	OAR Resources Ltd	0.003	-14%	324,999	$8,438,633
ATP	Atlas Pearls Ltd	0.026	-13%	83,000	$12,836,153