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Top 10 at 10: The EV supply chain is desperate for graphite
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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 commenced trading.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| RDN | Raiden Resources Ltd | 0.013 | 53% | 11,817,583 | $12,618,690.90 |
| ARE | Argonaut Resources | 0.0015 | 50% | 7,160,949 | $5,428,537.94 |
| MGG | Mogul Games Grp Ltd | 0.002 | 33% | 1,531,861 | $4,895,161.81 |
| MCM | Mc Mining Ltd | 0.45 | 29% | 25,175 | $68,685,067.33 |
| PKD | Parkd Ltd | 0.027 | 23% | 382,323 | $2,204,402.93 |
| PXX | Polarx Limited | 0.011 | 22% | 1,125,768 | $8,091,909.84 |
| EV1 | Evolutionenergy | 0.28 | 22% | 468,402 | $30,884,687.50 |
| EGR | Ecograf Limited | 0.37 | 21% | 552,788 | $137,351,705.00 |
| BTE | Botalaenergyltd | 0.18 | 20% | 10,000 | $7,900,000.05 |
| DMG | Dragon Mountain Gold | 0.012 | 20% | 99,315 | $3,936,716.65 |
Raiden Resources (ASX:RDN) says all four holes drilled so far at the Mt Sholl project have intercepted between 40m-65m of pentlandite (source of nickel), pyrrhotite (contains copper and nickel), and chalcopyrite (source of copper) mineralisation. Confirmatory assays are still pending.
Modular car park maker Parkd (ASX:PKD) has inked Stage 1 of a design and construction contract with Audi Centre Perth for the development of an integrated sales, servicing and storage facility.
The value of the Stage 1 works is just $426,500, but Stage 2 – if proceeded with – could be worth $12m.
Evolution Energy Minerals (ASX:EV1) is investigating a joint venture with Yichang Xincheng Graphite Co for the downstream processing of graphite into value added products including graphite foil, bi-polar plates and seals for electric vehicles.
Fellow graphite play EcoGraf (ASX:EGR) intends to scale-up plans for its Battery Anode Material (BAM) Facility, following multiple approaches from electric vehicle manufacturers in Europe and North America during recent months.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| XST | Xstate Resources | 0.001 | -50% | 20,616 | $6,430,363.30 |
| AQX | Alice Queen Ltd | 0.002 | -33% | 3,473,437 | $6,461,083.37 |
| AXP | AXP Energy Ltd | 0.004 | -20% | 6,500,000 | $29,060,903.37 |
| JTL | Jayex Technology Ltd | 0.008 | -20% | 24,493 | $2,492,285.39 |
| PNX | PNX Metals Limited | 0.004 | -20% | 4,875,000 | $22,220,289.04 |
| S66 | Star Combo | 0.18 | -18% | 5,999 | $29,718,255.82 |
| IRE | IRESS Limited | 8.69 | -17% | 472,628 | $1,964,196,763.88 |
| YPB | YPB Group Ltd | 0.005 | -17% | 80,000 | $2,439,276.92 |
| SPD | Southernpalladium | 0.83 | -13% | 5,473 | $40,924,410.65 |
| TOU | Tlou Energy Ltd | 0.025 | -11% | 212,912 | $16,805,748.09 |
