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Top 10 at 10: Raiden and Patriot Battery Metals lead the lithium love this morning
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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 |
|---|---|---|---|---|---|
| GFN | Gefen Int | 0.006 | 50% | 14,173 | $513,119 |
| VPR | Volt Power Group | 0.0015 | 50% | 501,023 | $10,716,208 |
| AJL | AJ Lucas Group | 0.015 | 25% | 2,097,542 | $16,508,756 |
| CTO | Citigold Corp Ltd | 0.005 | 25% | 109,814 | $11,494,636 |
| BBN | Baby Bunting Grp Ltd | 2.02 | 21% | 818,239 | $224,619,304 |
| RDN | Raiden Resources Ltd | 0.009 | 20% | 14,489,640 | $15,414,517 |
| HMY | Harmoney Corp Ltd | 0.45 | 20% | 124,958 | $38,083,345 |
| MXC | Mgc Pharmaceuticals | 0.003 | 20% | 2,011,000 | $9,730,899 |
| EMP | Emperor Energy Ltd | 0.014 | 17% | 59,200 | $3,226,350 |
| PMT | Patriotbatterymetals | 1.75 | 16% | 3,293,692 | $513,829,957 |
Raiden Resources (ASX:RDN) is well up this morning after confirming multiple high-grade lithium-bearing pegmatites adjacent to its Andover Complex discovery in WA’s West Pilbara region. The company notes that outcropping pegmatites have been found across a 4km long pegmatite field.
Also, per a Stockhead special report, “Raiden is in the process of acquiring Welcome Exploration’s Pty Ltd Roebourne tenements”.
Harmoney Corp (ASX:HMY), a consumer-direct personal lender operating across Australia and New Zealand, has provided positive FY23 preliminary results this morning, plus some news of a new $140m warehouse added to its operations, in order to “expand growth capacity and endorse credit quality”.
Patriot Battery Metals (ASX:PMT) goes from strength to strength, announcing it has entered into a strategic investment deal and Memorandum of Understanding with US lithium giant Albemarle Corporation (NYSE: ALB).
Albemarle has scooped a ~5% stake in up-and-comer PMT for C$109m — a small premium to the last closing price. PMT yesterday unveiled a monster 109.2Mt at 1.42% Li2O maiden resource at the CV5 Pegmatite, part of the Corvette project in the James Bay region of Canada.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| XTC | Xantippe Res Ltd | 0.001 | -33% | 214,500 | $17,220,150 |
| ID8 | Identitii Limited | 0.017 | -26% | 3,745,942 | $4,894,365 |
| CLE | Cyclone Metals | 0.0015 | -25% | 1,024,998 | $20,529,010 |
| EEL | Enrg Elements Ltd | 0.005 | -17% | 1,953,242 | $6,055,405 |
| SGC | Sacgasco Ltd | 0.005 | -17% | 11,688 | $4,641,496 |
| PNT | Panthermetalsltd | 0.066 | -15% | 1,001 | $4,769,700 |
| CCP | Credit Corp Group | 20.075 | -15% | 321,564 | $1,606,377,802 |
| YPB | YPB Group Ltd | 0.003 | -14% | 1,000 | $2,602,115 |
| ICI | Icandy Interactive | 0.045 | -13% | 690,261 | $69,794,696 |
| MOB | Mobilicom Ltd | 0.013 | -13% | 790,000 | $19,900,150 |
ENRG Elements (ASX:EEL) has dipped this morning on news that the exploration company has withdrawn a Share Purchase Plan, advising that its made the decision “in light of current market conditions and the ongoing political uncertainty in the Republic of Niger”.
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