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Top 10 at 10: Old gold mine dusted off, nickel project nabs Major Project Status

Pic: Via Getty

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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
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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
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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”.

Categories: News

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