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Top 10 at 10: Old gold mine dusted off, nickel project nabs Major Project Status
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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 |
|---|---|---|---|---|---|
| CNJ | Conico Ltd | 0.002 | 100% | 1,000,000 | $1,805,095 |
| AXN | Alliance Nickel Ltd | 0.069 | 97% | 4,533,560 | $25,404,387 |
| MTL | Mantle Minerals Ltd | 0.003 | 50% | 7,978,682 | $12,394,892 |
| HTA | Hutchison | 0.035 | 21% | 346 | $393,602,749 |
| 88E | 88 Energy Ltd | 0.0035 | 17% | 4,748,170 | $86,678,016 |
| GRL | Godolphin Resources | 0.028 | 17% | 60,000 | $4,584,425 |
| MQR | Marquee Resource Ltd | 0.015 | 15% | 994,329 | $5,373,997 |
| GMN | Gold Mountain Ltd | 0.004 | 14% | 350,000 | $10,414,270 |
| TAL | Talius Group Limited | 0.008 | 14% | 2,500,000 | $18,083,920 |
| RNT | Rent.Com.Au Limited | 0.025 | 14% | 240,625 | $13,852,290 |
Alliance Nickel’s (ASX:AXN) NiWest nickel-cobalt project is granted Major Project Status (MSP) by the Australian Government, which helps streamline approvals for mine development.
MSP is awarded to Australian companies and projects identified to be strategically significant, “and that have the potential to contribute considerably to the nation’s economic growth and employment opportunities”.
Gold hunter First Au’s (ASX:FAU) new exploration lease EL008058 in Victoria includes the historical King Cassilis mine which, according to records, produced over 3,000 ounces of gold at a grade of 14.4g/t.
And exploration minnow Marquee Resources (ASX:MQR) drills into a highlight 14m @ 980ppm rare earths from surface at the Redlings project.
LOSERS
Stocks highlighted in yellow made market-moving announcements (click headings to sort).
| Security | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| AXP | AXP Energy Ltd | 0.001 | -50% | 1,917,233 | $11,649,361 |
| SI6 | SI6 Metals Limited | 0.002 | -33% | 1,265,767 | $7,106,578 |
| SKN | Skin Elements Ltd | 0.003 | -25% | 40,000 | $2,357,944 |
| OSX | Osteopore Limited | 0.097 | -22% | 2,071,251 | $13,619,354 |
| BFC | Beston Global Ltd | 0.004 | -20% | 978,963 | $9,985,234 |
| NRZ | Neurizer Ltd | 0.002 | -20% | 24,000 | $4,132,948 |
| ROG | Red Sky Energy | 0.004 | -20% | 50,000 | $27,111,136 |
| BBN | Baby Bunting Grp Ltd | 1.57 | -17% | 660,137 | $256,322,329 |
| PAT | Patriot Lithium | 0.075 | -18% | 720,630 | $6,335,159 |
| TRJ | Trajan Group Holding | 0.75 | -17% | 169,727 | $137,755,557 |
Baby Bunting (ASX:BBN) was punted after reporting softening store sales over the past 2 months, “reflecting the ongoing cost-of-living pressures being experienced by new parents with young families”.
