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Top 10 at 10: Which battery metals play has a new key claim in Canada lithium country?
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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 started trading. The ASX has opened lower and is down 0.40% by 10.50am (AEDT), following the downward trend of New York.
Wall St closed half a per cent lower overnight ahead of a speech from Fed chair Jerome Powell.
Powell will speak on Wednesday US time, and is expected to reiterate the message of slower pace of rate hikes, while reminding people that inflation still remains a big problem.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| GRX | Greenx Metals Ltd | 0.55 | 49% | 467,222 | $93,839,572 |
| PR1 | Pure Resources | 0.31 | 32% | 314,460 | $5,880,877 |
| AQX | Alice Queen Ltd | 0.0025 | 25% | 3,265,676 | $4,400,500 |
| AXP | AXP Energy Ltd | 0.005 | 25% | 198,000 | $23,298,723 |
| NAE | New Age Exploration | 0.01 | 25% | 28,135,908 | $11,487,191 |
| MTR | Metal Tiger | 0.31 | 24% | 11,346 | $4,944,652 |
| KFE | Kogi Iron Ltd | 0.006 | 20% | 1,598,000 | $8,160,389 |
| BDM | Burgundy D Mines Ltd | 0.335 | 20% | 529,225 | $96,976,375 |
| IS3 | I Synergy Group Ltd | 0.038 | 19% | 1,800 | $8,976,286 |
| KKO | Kinetiko Energy Ltd | 0.13 | 18% | 2,180,418 | $79,777,692 |
Pure Resources (ASX:PR1) has secured 160km2 of claims situated 65km northeast of Patriot Battery Metals’ (CVE:PMET) Corvette discovery in the Superior Province in Quebec Canada.
Pure has received approval for claims covering part of the 70km long Laforge Greenstone Belt that has structural and lithological analogies to the nearby La Grande Greenstone Belt, host to the Corvette pegmatite discoveries.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| GGX | Gas2Grid Limited | 0.001 | -50% | 557,995 | $8,116,204 |
| MGG | Mogul Games Grp Ltd | 0.001 | -50% | 1,000,000 | $6,526,882 |
| AV1 | Adveritas Ltd | 0.083 | -21% | 848,522 | $49,361,393 |
| GLV | Global Oil & Gas | 0.002 | -20% | 50,000 | $5,714,639 |
| MRD | Mount Ridley Mines | 0.004 | -20% | 2,984,144 | $34,682,524 |
| AUH | Austchina Holdings | 0.006 | -14% | 122,119 | $14,257,829 |
| BTN | Butn Limited | 0.155 | -14% | 142,349 | $14,106,400 |
| MLM | Metallica Minerals | 0.033 | -13% | 1,741,044 | $25,486,589 |
| PPY | Papyrus Australia | 0.044 | -12% | 120,000 | $23,481,367 |
| FG1 | Flynngold | 0.115 | -12% | 158,869 | $8,327,937 |
Adveritas (ASX:AV1) has announced that the conditional non-binding indicative proposal received from Integral Ad Science to purchase the company’s securities will not be proceeding to a due diligence phase.
In an announcement the company said further discussions on that proposal will also not be pursued.
