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).

 

Today’s biggest winners are led by Talon Energy (ASX:TPD) which announced a maiden hydrocarbon reserve seven months after its maiden well at the Walyering Gasfield in the onshore Perth Basin in WA.

This includes a Gross 2P reserves of 54.2 petajoules (PJ) of gas, and a potential 3P upside of 82.4PJ which MD and CEO Colby Hauser says will support Talon’s ability to make a fully informed Final Investment Decision on the gasfield.

“Talon is looking forward to becoming the latest gas producer in the Perth Basin, providing a local and reliable source of energy to the domestic market,” he said.

Plus, there’s upside potential for future development of the asset, with an additional 31.9PJ of Gross 2C Contingent Resource and 15.9PJ of Gross 2U Prospective Resource also assigned to Walyering.

And Sabre Resources (ASX:SBR) has launched ‘aggressive’ exploration programs at its Nepean South and Sherlock Bay nickel sulphide projects in WA.

The ~2,600m reverse circulation (RC) drilling program at Nepean South is testing nickel sulphide targets over a 10km-strike ultramafic corridor southwest of the mine – which had past production 1.1 Mt at >3% nickel.

At Sherlock Bay, a 2,400m diamond drilling program will target massive nickel sulphides down-plunge (below) the Sherlock Bay resources.

 

LOSERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).