Top 10 at 10: Silver hits and a big lithium rally

Pic: Via Getty

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
SIH	Sihayo Gold Limited	0.0025	150%	6162339	$12,204,256
CAV	Carnavale Resources	0.005	25%	1257310	$13,694,207
HLX	Helix Resources	0.005	25%	871000	$9,292,583
YAR	Yari Minerals Ltd	0.005	25%	997010	$1,929,431
ICG	Inca Minerals Ltd	0.006	20%	2267262	$4,023,694
SIT	Site Group Int Ltd	0.003	20%	132500	$6,506,226
OCN	Oceana Lthium	0.056	19%	234208	$2,541,596
KNO	Knosys Limited	0.039	18%	42332	$7,132,577
ARD	Argent Minerals	0.02	18%	10685300	$21,959,903
CNQ	Clean Teq Water	0.38	17%	8479	$21,179,818

Argent Minerals (ASX:ARD) drills into thick and high grade silver from surface to expand the mineralised footprint at the flagship Kempfield polymetallic deposit in NSW.

Highlights include 88m at 25.23g/t silver from 2m depth.

Oceana Lithium (ASX:OCN) defined a large uranium anomaly, +4.5km long and 700m wide, and the Napperby project in the Northern Territory.

Software stock Knosys (ASX:KNO) reported a profit of $507K in Q3 FY24, and said it was “on track to deliver a strong maiden annual positive EBITDA and positive cashflow in FY24”.

At the larger end …

Lithium stocks are flying in early trade, led by Arcadium (ASX:LTM), Liontown (ASX:LTR), IGO (ASX:IGO), and Pilbara Minerals (ASX:PLS).

Lithium futures are rallying today following China’s publication of its new auto policy aimed at boosting consumption. https://t.co/adNhUDoKJx pic.twitter.com/voHVAVd1SC

— Thematica (@Thematicafunds) April 29, 2024

LOSERS

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

Security	Description	Last	%	Volume	MktCap
OAR	OAR Resources Ltd	0.001	-50%	2,640,000	$6,306,622
OVT	Ovanti Limited	0.024	-41%	3,807,158	$46,568,845
MRQ	MRG Metals Limited	0.001	-33%	91,923	$3,787,678
LSR	Lodestar Minerals	0.0015	-25%	1,510,000	$4,046,795
XGL	Xamble Group Limited	0.04	-20%	3,000	$14,779,241
LPD	Lepidico Ltd	0.0025	-17%	250,000	$22,914,924
EXR	Elixir Energy Ltd	0.11	-15%	2,237,991	$147,244,538
AJL	AJ Lucas Group	0.011	-15%	29,007	$17,884,485
FGH	Foresta Group	0.011	-15%	318,023	$29,237,703
RGL	Rivers Gold	0.006	-14%	292,469	$6,773,630