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Top 10 at 10: Which ASX stocks are sprinting ahead today?
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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 |
|---|---|---|---|---|---|
| GMN | Gold Mountain Ltd | 0.009 | 50% | 9,704,516 | $7,158,895.02 |
| FGL | Frugl Group Limited | 0.017 | 42% | 312,526 | $2,431,826.34 |
| AEV | Avenira Limited | 0.0125 | 25% | 26,922,483 | $12,173,351.39 |
| SIH | Sihayo Gold Limited | 0.0025 | 25% | 357,500 | $12,204,256.18 |
| NAE | New Age Exploration | 0.011 | 22% | 12,501,788 | $12,923,090.19 |
| RAG | Ragnar Metals Ltd | 0.045 | 22% | 785,420 | $14,029,840.89 |
| R3D | R3D Resources Ltd | 0.09 | 17% | 81,111 | $8,402,633.24 |
| FG1 | Flynngold | 0.12 | 14% | 52,382 | $6,726,410.25 |
| M2M | Mtmalcolmminesnl | 0.085 | 13% | 50,000 | $4,670,700.08 |
| VKA | Viking Mines Ltd | 0.009 | 13% | 500,000 | $8,202,067.45 |
Today’s biggest winners include Gold Mountain (ASX:GMN) who just raised $1.56m via a placement at $0.006 per share to fund ongoing exploration activities at the company’s Wabag Project in PNG, towards due diligence of the lithium projects held by Mars Mines Limited, and for general working capital.
“We believe the strong demand for this capital raising is a testament to the quality of the Company’s Wabag project in PNG and the proposed acquisition of the Brazilian lithium projects,” executive director Tim Cameron said.
And Avenira (ASX:AEV) has signed an MOU with Lithium Iron Phosphate (LFP) battery manufacturer, Advanced Lithium Electrochemistry Ltd (Aleees) and the NT Government to develop downstream manufacturing of LFP cathode material.
With the company’s Wonarah Project working towards the production of phosphoric acid, and the availability of other abundant battery metals such as lithium and iron in Australia, the next step of producing LFP cathode material is a logical value-add for all parties, AEV says.
Plus, Aleees is one of the few companies outside China with complete LFP cathode material manufacturing capability and patents for electric vehicle and stationary storage batteries.
The three parties will work together towards a LFP battery cathode manufacturing facility in Darwin in a phased capacity program starting at 5,000-10,000 tpa in 2023/24 and potentially scaling to 200,000 tpa by 2032.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| MOM | Moab Minerals Ltd | 0.018 | -35% | 4,985,288 | $18,753,995.76 |
| ANL | Amani Gold Ltd | 0.001 | -33% | 875,000 | $35,540,161.69 |
| CBE | Cobre | 0.225 | -26% | 6,688,832 | $62,131,377.68 |
| LNU | Linius Tech Limited | 0.003 | -25% | 3,500,000 | $9,255,465.25 |
| MCM | Mc Mining Ltd | 0.725 | -21% | 21,418 | $181,842,480.40 |
| TNG | TNG Limited | 0.1 | -20% | 5,170,853 | $173,552,277.75 |
| ATH | Alterity Therap Ltd | 0.015 | -17% | 13,181,231 | $43,323,742.40 |
| NRX | Noronex Limited | 0.041 | -11% | 1,121,806 | $7,841,150.20 |
| GBZ | GBM Rsources Ltd | 0.042 | -11% | 555,741 | $26,306,552.60 |
| LRD | Lordresourceslimited | 0.315 | -10% | 105,590 | $11,649,617.35 |
Delecta Limited (ASX:DLC) has recommenced trading on the ASX today, under the new name Moab Minerals (ASX:MOM).
The company says the new name reflects its focus on the REX Uranium-Vanadium Project which is ~130km east from the town of Moab in Colorado.
Also, no more dildos.
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