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