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Top 10 at 10: This is a pretty big lithium deal
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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 |
|---|---|---|---|---|---|
| GW1 | Greenwing Resources | 0.39 | 59% | 1,069,626 | $30,195,600.51 |
| DUN | Dundasminerals | 0.27 | 29% | 946,671 | $8,134,467.39 |
| ALA | Arovella Therapeutic | 0.034 | 26% | 1,784,973 | $18,112,971.82 |
| TMK | TMK Energy Limited | 0.017 | 21% | 12,990,985 | $49,290,937.50 |
| BUY | Bounty Oil & Gas NL | 0.008 | 14% | 250,000 | $9,593,506.87 |
| CFO | Cfoam Limited | 0.004 | 14% | 150,000 | $2,568,442.22 |
| GMN | Gold Mountain Ltd | 0.008 | 14% | 4,705,555 | $8,562,044.19 |
| SI6 | SI6 Metals Limited | 0.008 | 14% | 260,005 | $10,417,323.55 |
| KZR | Kalamazoo Resources | 0.225 | 13% | 2,000 | $29,458,874.80 |
| JTL | Jayex Technology Ltd | 0.009 | 13% | 1,226,253 | $1,993,828.31 |
Greenwing Resources (ASX:GW1) has announced a potential JV and offtake deal with NYSE listed Chinese EV maker Nio, which will initially subscribe for $12m of shares in the lithium minnow.
Nickel, copper, cobalt and gold explorer Dundas Minerals (ASX:DUN) hit shallow massive sulphides and ultramafic rocks in water drilling (surprise!) at the Central Target in WA. A drill hole to test the 450m deep AMT anomaly has now commenced.
Cancer fighter Arovella (ASX:ALA) will partner with clinical stage immune-oncology company Imugene (ASX:IMU) to test Arovella’s CAR19-iNKT (ALA101) cell therapy with Imugene’s onCARlytics platform to seek and destroy solid tumours.
The read out from the preclinical studies performed through the collaboration is expected in H1 2023.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| REY | REY Resources Ltd | 0.12 | -55% | 351 | $56,160,797.84 |
| PRM | Prominence Energy | 0.001 | -50% | 2,120 | $4,849,217.64 |
| MCM | Mc Mining Ltd | 0.43 | -23% | 101,104 | $109,698,452.85 |
| GRE | Greentechmetals | 0.135 | -21% | 178,881 | $5,317,599.83 |
| AYM | Australia United Min | 0.004 | -20% | 46,500 | $9,212,887.43 |
| PNX | PNX Metals Limited | 0.004 | -20% | 400,000 | $22,220,289.04 |
| TSC | Twenty Seven Co. Ltd | 0.002 | -20% | 3,900,002 | $6,652,034.76 |
| OAR | OAR Resources Ltd | 0.005 | -17% | 66,000 | $13,026,227.39 |
| ZEO | Zeotech Limited | 0.04 | -17% | 1,221,580 | $74,971,942.56 |
| RZI | Raiz Invest Limited | 0.42 | -16% | 134,561 | $46,722,733.00 |
