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Top 10 at 10: This ASX lithium battery stock is on a tear in early trade
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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 |
|---|---|---|---|---|---|
| PRM | Prominence Energy | 0.003 | 50% | 333,333 | $4,849,217.64 |
| AVW | Avira Resources Ltd | 0.004 | 33% | 200,000 | $6,356,370.00 |
| ADY | Admiralty Resources. | 0.009 | 29% | 200,000 | $9,125,054.07 |
| PCL | Pancontinental Energ | 0.005 | 25% | 28,693,401 | $30,216,891.24 |
| XST | Xstate Resources | 0.0025 | 25% | 500,000 | $6,430,363.30 |
| 5EA | 5Eadvanced | 2.64 | 20% | 659,802 | $634,523,494.00 |
| BLZ | Blaze Minerals Ltd | 0.03 | 20% | 1,014,177 | $9,187,706.15 |
| MNS | Magnis Energy Tech | 0.435 | 19% | 11,319,109 | $354,170,991.30 |
| XRG | Xreality Group Ltd | 0.045 | 18% | 2,285,016 | $16,007,331.05 |
| SHG | Singular Health | 0.175 | 17% | 9,596 | $9,793,360.35 |
Boron-lithium project developer 5E Materials (ASX:5AE) has secured a $60m investment from US institutional investor Bluescape.
The company’s Small-Scale Boron Facility (SSBF) is on-schedule for mechanical completion in Q4 2022.
Blaze Minerals (ASX:BLZ) says drilling kicked off late July at its Earaheedy zinc-lead project, near Rumble’s Sweetwater discovery. The maiden drillholes habve “successfully intersected mineralisation in the target Frere/Yelma unconformity”, BLZ says.
Magnis Energy Tech (ASX:MNS) says commercial production has commenced at the iM3NY New York Lithium-ion Battery Plant based in Endicott, New York.
“With previously announced binding sales agreements, I look forward to updating the market as we move towards generating revenues and increasing the capacity of the plant to meet some of the huge demand currently experienced for Lithium-ion Batteries especially in the United States,” MNS chairman Frank Poullas says.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| MEB | Medibio Limited | 0 | -33% | 30,000 | $4,134,735.18 |
| ZMM | Zimi Ltd | 0.07 | -19% | 200,923 | $5,618,237.33 |
| ROG | Red Sky Energy. | 0.01 | -17% | 572,665 | $31,813,363.18 |
| BUY | Bounty Oil & Gas NL | 0.01 | -14% | 16,397 | $9,593,506.87 |
| M24 | Mamba Exploration | 0.12 | -14% | 227,212 | $5,904,500.42 |
| MRQ | Mrg Metals Limited | 0.01 | -13% | 1,000,000 | $13,976,469.02 |
| AUH | Austchina Holdings | 0.01 | -11% | 432,818 | $18,331,494.59 |
| AVH | Avita Medical | 2.02 | -11% | 337,431 | $171,967,255.00 |
| CAI | Calidus Resources | 0.69 | -10% | 960,554 | $311,990,682.87 |
| GML | Gateway Mining | 0.01 | -10% | 200,000 | $22,601,063.67 |
