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Top 10 at 10: These good news stories have ASX stocks flying in early trade Tuesday
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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 |
|---|---|---|---|---|---|
| RIE | Riedel Resources Ltd | 0.016 | 100% | 32,517,599 | $10,973,656 |
| MEB | Medibio Limited | 0.0015 | 50% | 1,000,000 | $3,320,594 |
| RMX | Red Mount Min Ltd | 0.005 | 25% | 261,261 | $7,953,395 |
| VAL | Valor Resources Ltd | 0.006 | 20% | 2,200,000 | $18,630,174 |
| SUH | Southern Hem Min | 0.02 | 18% | 50,000 | $8,030,886 |
| GRL | Godolphin Resources | 0.105 | 17% | 127,550 | $10,653,250 |
| CXU | Cauldron Energy Ltd | 0.008 | 14% | 2,000,000 | $6,520,976 |
| FFG | Fatfish Group | 0.024 | 14% | 697,268 | $21,763,977 |
| CUL | Cullen Resources | 0.017 | 13% | 1,076,201 | $7,564,364 |
| GTN | GTN Limited | 0.43 | 13% | 15,678 | $81,066,478 |
First drilling results confirm shallow, high grade gold at Riedel Resources’ (ASX:RIE) Kingman project in the US, with highlights including 5.5m at 12.4g/t gold, 105g/t silver and 3.9% lead from 16.8m.
Red Mountain Mining (ASX:RMX) has increased the size of its Mustang lithium project, also in the US.
Infill sampling has confirmed a new copper porphyry anomaly at Southern Hemisphere Mining’s (ASX:SUH) 680,000t CuEq Llahuin project in Chile.
Maiden drilling has pulled up significant rare earth element (REE) and rare metal mineralisation at Godolphin Resources’ (ASX:GRL) Narraburra project ahead of a resource update in the current quarter.
Cullen Resources (ASX:CUL) has outlined new “Julimar style” nickel-copper-PGE targets at the Yornup project in WA.
And advertising stock GTN (ASX:GTN) says it expects adjusted EBITDA for the half-year ended 31 December 2022 will be between $11.8m and $12m compared to $10.2m in the previous corresponding period.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| SRI | Sipa Resources Ltd | 0.035 | -19% | 289,571 | $9,760,394 |
| CSX | Cleanspace Holdings | 0.445 | -16% | 120,000 | $40,820,347 |
| 1CG | One Click Group Ltd | 0.012 | -14% | 12,600 | $8,596,993 |
| GCX | GCX Metals Limited | 0.039 | -13% | 6,250 | $8,360,041 |
| ADG | Adelong Gold Limited | 0.0195 | -11% | 42,501,698 | $10,094,091 |
| BPP | Babylon Pump & Power | 0.004 | -11% | 746,306 | $11,059,971 |
| KIN | KIN Min NL | 0.055 | -11% | 854,848 | $64,484,073 |
| GMN | Gold Mountain Ltd | 0.005 | -9% | 702,174 | $10,146,487 |
| BLZ | Blaze Minerals Ltd | 0.013 | -7% | 10,825 | $5,145,115 |
| SHE | Stonehorse Energy Lt | 0.013 | -7% | 8,333 | $9,582,091 |
