Top 10 at 10: Pinnacle gains on uranium update, Evolution plummets

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 have made market-moving announcements (click headings to sort).

Code	Description	Last	%	Volume	MktCap
MRD	Mount Ridley Mines	0.002	100%	561,595	$7,784,883
KEY	KEY Petroleum	0.0015	50%	3,563,007	$2,262,928
MCT	Metalicity Limited	0.003	50%	364,999	$8,970,108
PIM	Pinnacle Minerals	0.155	29%	592,377	$4,159,574
1MC	Morella Corporation	0.005	25%	1,721,894	$24,715,198
ESR	Estrella Res Ltd	0.005	25%	1,586,984	$7,037,487
AQI	Alicanto Min Ltd	0.044	22%	134,991	$22,152,125
MAN	Mandrake Resources	0.046	21%	2,675,583	$23,398,877
ADG	Adelong Gold Limited	0.006	20%	100,000	$3,498,278
IEC	Intra Energy Corp	0.003	20%	5,794,357	$4,151,954

Pinnacle Minerals (ASX:PIM) has announced that recent satellite and radar imagery analysis has highlighted potential for uranium within the Narlaby Paleochannel in its newly granted Wirrulla project in South Australia.

The paleochannel is linked to isoEnergy’s Yarranna project which has uranium intercepts of up to 3,550ppm.

Intra Energy (ASX:IEC) says initial pegmatite sampling at its recently acquired Maggie Hays Hill lithium project in the Lake Johnston region of WA has revealed highly anomalous levels of key lithium pathfinder minerals niobium, tantalum caesium and beryllium.

LOSERS

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

Code	Description	Last	%	Volume	MktCap
FAU	First Au Ltd	0.003	-25%	1,250,000	$6,647,973
AMD	Arrow Minerals	0.005	-17%	11,422,769	$20,842,591
RMX	Red Mount Mining	0.003	-14%	251,500	$9,357,516
TX3	Trinex Minerals Ltd	0.006	-14%	300,000	$10,409,173
CMX	Chemxmaterials	0.073	-14%	10,000	$4,524,767
ERA	Energy Resources	0.061	-14%	1,669,864	$1,572,529,242
EVN	Evolution Mining Ltd	3.24	-14%	4,812,612	$7,408,149,488
BUY	Bounty Oil & Gas NL	0.007	-13%	168,308	$11,988,008
5EA	5Eadvanced	0.21	-13%	163,145	$74,273,911
USL	Unico Silver Limited	0.105	-13%	348,273	$35,526,191

Gold miner Evolution Mining (ASX:EVN) has provided its December quarterly update reporting gold production of 161,073 ounces at an all-sustaining cost (AISC) of $1,618 per ounce.

Evolution Mining $EVN reported gold production for the second quarter that missed the average analyst estimate. Details below: pic.twitter.com/5fvy5sGmrl

— CommSec (@CommSec) January 16, 2024