Stockhead’s Top 10 at 10, published at 10.30am each trading day, highlights the best (and worst) performing ASX small caps 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 % change Volume Market Cap LKO Lakes Blue Energy 0.0015 50.0% 3,907,968 $44,467,832 MRD Mount Ridley Mines 0.01 25.0% 40,099,385 $45,940,679 PCL Pancontinental Energ 0.005 25.0% 3,266,617 $28,616,891 VPR Volt Power Group 0.003 20.0% 555,000 $23,361,334 SYA Sayona Mining Ltd 0.1325 17.8% 26,510,876 $798,403,637 TI1 Tombador Iron 0.04 17.6% 1,255,486 $38,010,311 EME Energy Metals Ltd 0.205 17.1% 97,000 $36,694,580 URF Us Masters Res Fund 0.38 16.9% 266,774 $130,311,899 SHP South Harz Potash 0.175 16.7% 1,668,198 $73,513,076 MEB Medibio Limited 0.0035 16.7% 2,460,000 $6,753,301
Lithium play Sayona Mining (ASX:SYA) was a clear standout, after coming out of a trading halt to announced it has almost doubled the JORC compliant lithium resource base for its two Quebec-baed projects to to 119.1 Mt @ 1.05% Li2O.
With lithium prices surging on the back of an increasing structural supply deficit, our upcoming definitive feasibility study for an integrated NAL‐Authier operation, expected in coming weeks, is set to show significantly enhanced profitability for the benefit of shareholders,” Managing director Brett Lynch said.
Also rising strongly was Tombador Iron (ASX:TI1), which flagged the results of a pre-feasibility study which showed a maiden iron ore reserve of 5.59 million tonnes at 65.5%Fe.
The resources “underpins 100% of the forecasted annual production of 1.2 million tonnes for 5 years” in the PFS, which was calculated on an assumed iron ore price of US$100.31 per tonne.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Code Company Price % change Volume Market Cap BRU Buru Energy 0.185 -27.5% 3,968,190 $137,302,963 KLL Kalium Lakes Ltd 0.08 -20.0% 5,783,690 $118,171,221 EVE EVE Health Group Ltd 0.0025 -16.7% 18,250,059 $11,529,426 DTC Damstra Holdings 0.2075 -15.3% 242,543 $63,135,615 SFR Sandfire Resources 5.85 -12.7% 1,652,018 $2,746,878,683 ATV Activeportgroupltd 0.11 -12.0% 180,581 $12,146,566 SGI Stealth Global 0.12 -11.1% 71,768 $13,459,500 DUB Dubber Corp Ltd 1.325 -9.9% 962,376 $447,288,806 99L 99 Loyalty Ltd. 0.01 -9.1% 603,335 $12,756,510 EGH Eureka Group Ltd 0.6 -9.1% 141,589 $154,881,506
Buru Energy (ASX:BRU) slumped after providing an update on gas flows from the Rafael 1 well at its Canning Basin project, which were interrupted by weather conditions.
Once Cyclone Anika passes, “the test will resume with a longer flow period and the acquisition of separator samples to determine more accurately the condensate and LPG content of the gas stream”, the company said.
“A further update on flow rates and flow conditions will be provided at the conclusion of the test.”