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Top 10 at 10: Uranium speccies on the rise as wilting lithium developer Liontown sinks below $1
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Stockhead’s Top 10 at 10, published at ~10.40am 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 | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| ME1 | Melodiol Global Health | 0.0015 | 50% | 1,146,334 | $4,916,618 |
| KOB | Koba Resources | 0.15 | 25% | 961,401 | $12,650,000 |
| HCD | Hydrocarbon Dynamic | 0.005 | 25% | 426,000 | $3,078,664 |
| EV1 | Evolution Energy | 0.16 | 23% | 179,830 | $30,596,429 |
| FBR | FBR Ltd | 0.033 | 22% | 11,562,126 | $107,323,064 |
| RTH | Ras Technology Holdings | 1.135 | 21% | 39,478 | $42,538,867 |
| ASR | Asra Minerals Ltd | 0.007 | 17% | 5,454,374 | $9,818,974 |
| RR1 | Reach Resources Ltd | 0.0035 | 17% | 120,012 | $9,630,891 |
| TX3 | Trinex Minerals Ltd | 0.007 | 17% | 550,000 | $8,922,148 |
| NZK | NZK Salmon Ltd | 0.265 | 15% | 6,890 | $124,534,583 |
Koba Resources (ASX:KOB) will buy an 80% interest in uranium rights at the 4000sqkm Yarramba project in South Australia.
Yarramba – which comes with the 4.6Mlb Oban deposit — is near two producing uranium mines, Beverley and Honeymoon.
Hydrocarbon Dynamics (ASX:HCD) says a successful trial of its MultiFlow on an offshore subsea pipeline in the Gulf of Mexico had led to a repeat order, which could be worth up to $2.2m annually.
Robot house maker FBR (ASX:FBR) has raised $12.6m at 2.7c/sh – equal to the last closing price – to advance its so-called ‘Wall as a Service’ business in the US.
Data stock Racing and Sports Technology (ASX:RAS) has inked a 2 year deal with Stake, one of the largest online casino and sportsbooks in the world.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| APX | Appen Limited | 0.275 | -40% | 7,828,290 | $97,274,845 |
| CLE | Cyclone Metals | 0.001 | -33% | 69,579,037 | $15,706,757 |
| EDE | Eden Inv Ltd | 0.0015 | -25% | 334 | $7,356,542 |
| CHK | Cohiba Minerals | 0.002 | -20% | 1,000,000 | $6,325,575 |
| LTR | Liontown Resources | 0.965 | -19% | 11,999,705 | $2,894,271,782 |
| COE | Cooper Energy Ltd | 0.12 | -17% | 4,660,480 | $382,805,543 |
| GBE | Globe Metals & Mining | 0.033 | -15% | 168,841 | $26,358,836 |
| SPN | Sparc Tech Ltd | 0.32 | -15% | 328,399 | $32,117,128 |
| RIL | Redivium Limited | 0.006 | -14% | 103,192 | $19,115,984 |
| LBT | LBT Innovations | 0.013 | -13% | 886 | $18,901,067 |
AI data stock Appen (ASX:APX) says “material customer” Google will be terminating its contract with APX worth $82.8m in revenues in FY23.
Lithium mine developer Liontown (ASX:LTR) says a $760m funding deal with a syndicate of lenders has fallen though, “impacted by recent reductions in the independent forecast pricing for spodumene upon which the lenders’ credit approvals were based”.
The troubled stock has commenced a review of the planned expansion and associated ramp-up of Kathleen Valley to preserve capital and reduce the near-term funding requirements.
LTR is now down below $1/sh, from a peak of over $3 in October last year.
