Top 10 at 10: WA1 scales new heights, REZ hits a shallow nickel orebody in the making
Pic: Via Getty
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 |
|---|---|---|---|---|---|
| REZ | Resourc & En Grp Ltd | 0.028 | 133% | 37,398,204 | $5,997,669 |
| MRD | Mount Ridley Mines | 0.003 | 50% | 2,053,660 | $15,569,766 |
| SRJ | SRJ Technologies | 0.125 | 40% | 3,900 | $8,438,629 |
| AJQ | Armour Energy Ltd | 0.004 | 33% | 250,000 | $14,764,026 |
| MTL | Mantle Minerals Ltd | 0.002 | 33% | 2,501,800 | $9,221,169 |
| SCU | Stemcell United Ltd | 0.004 | 33% | 333,997 | $3,854,189 |
| WA1 | Wa1Resourcesltd | 5.92 | 26% | 485,217 | $183,963,843 |
| RIE | Riedel Resources Ltd | 0.005 | 25% | 600,000 | $6,606,828 |
| RR1 | Reach Resources Ltd | 0.01 | 25% | 11,955,155 | $22,040,405 |
| DOU | Douugh Limited | 0.011 | 22% | 1,810,129 | $8,855,085 |
Drilling confirms “economic grade” nickel-cobalt at Resources & Energy Group’s (ASX:REZ) Springfield prospect.
““This is a strong indication that REZ has identified a large and shallow nickel deposit with prospects for open cut development,” REZ boss J. Daniel Moore says.
Meanwhile WA1 Resources (ASX:WA1) can do no wrong, hitting $5.92/sh in early trade on more thick high grade niobium drill results at West Arunta.
Highlights include 10m at 8.3% Nb2O5 within an overall interval from 78m of 42m at 2.7% Nb2O5.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| IDT | IDT Australia Ltd | 0.067 | -30% | 333,776 | $23,400,453 |
| AMD | Arrow Minerals | 0.003 | -25% | 10,000 | $12,095,060 |
| ROG | Red Sky Energy. | 0.003 | -25% | 424,995 | $21,208,909 |
| AUH | Austchina Holdings | 0.004 | -20% | 3,671,945 | $10,389,418 |
| EMU | EMU NL | 0.002 | -20% | 372,857 | $3,625,053 |
| ENT | Enterprise Metals | 0.004 | -20% | 2,500 | $3,525,403 |
| NHE | Nobleheliumlimited | 0.2 | -17% | 393,906 | $29,611,068 |
| GNM | Great Northern | 0.0025 | -17% | 2,000,000 | $6,408,941 |
| THR | Thor Energy PLC | 0.005 | -17% | 146,195 | $8,841,677 |
| SKS | SKS Tech Group Ltd | 0.15 | -14% | 11,960 | $19,141,877 |
Pharma stock IDT Australia (ASX:IDT) will raise $5m via placement at $0.065/sh, a 23.7% discount to the 15-day volume weighted average price (VWAP) .
Noble Helium (ASX:NHE) will raise $13.5m at $0.18/sh — a 25% discount to the last trading price — to drill the its first exploration well and purchase long lead items for the second exploration/appraisal well at its North Rukwa helium project in Tanzania.
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