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