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Top 10 at 10: Which gold explorer just hit a bonanza?
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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 higher for the first day of December on the back of a strong rally in New York. By 10:30am AEDT, the ASX 200 was up by 1.07%.
Wall Street surged higher after US Federal Reserve chair boss Jerome Powell signalled the pace of rate hikes in the US will slow down starting this month.
Bond yields dropped and equities surged on his comments – the S&P 500 was up by 2.10%, the Dow by 1.32% and tech-heavy Nasdaq by 3.10%.
Powell explained that inflation in the US remains too high, but rate hikes must be slowed down because prior rate increases have yet to take their full effect.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| MGG | Mogul Games Grp Ltd | 0.002 | 33% | 404,605 | $4,895,161.81 |
| DAL | Dalaroo Metals | 0.135 | 23% | 537,256 | $3,286,250.00 |
| GSR | Greenstone Resources | 0.03 | 20% | 6,230,370 | $26,864,474.40 |
| RLC | Reedy Lagoon Corp. | 0.013 | 18% | 80,000 | $6,131,696.03 |
| MPG | Many Peaks Gold | 0.33 | 18% | 15,578 | $9,506,560.00 |
| AUH | Austchina Holdings | 0.007 | 17% | 103,554 | $12,220,996.39 |
| CTO | Citigold Corp Ltd | 0.007 | 17% | 151,500 | $17,001,954.55 |
| RC1 | Redcastle Resources | 0.014 | 17% | 271,742 | $3,429,409.86 |
| BDM | Burgundy D Mines Ltd | 0.295 | 16% | 51,562 | $88,317,769.73 |
| CUF | Cufe Ltd | 0.016 | 14% | 300,000 | $13,525,573.11 |
Gold exploration and development company Greenstone Resources (ASX:GSR) has announced its Phase-1 drill campaign already returning multiple high-grade drill intersections at its flagship Burbanks Gold Project in WA. Results include:
- BBRC371D: 7 metres @ 57.84g/t Au from 90 metres, including:
▪ 1 metre @ 375g/t Au from 90 metres - BBRC373D: 3 metres @ 4.18g/t Au from 17 metres, including:
▪ 1 metre @ 10g/t Au from 19 metres - BBRC371D: 2 metres @ 5.88g/t Au from 38 metres
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| WKT | Walkabout Resources | 0.11 | -36% | 1,707,623 | $104,357,200 |
| MEB | Medibio Limited | 0.001 | -33% | 100,000 | $4,980,891 |
| 99L | 99 Loyalty Ltd | 0.012 | -25% | 3,000 | $18,554,924 |
| OD6 | OD6 Metals | 0.55 | -13% | 1,555,975 | $31,331,215 |
| ASP | Aspermont Limited | 0.02 | -13% | 925,704 | $55,871,439 |
| MRQ | Mrg Metals Limited | 0.004 | -11% | 3,437,500 | $8,806,764 |
| OPY | Openpay Group | 0.21 | -11% | 4,725 | $54,717,464 |
| MOM | Moab Minerals Ltd | 0.009 | -10% | 1,600,575 | $6,819,635 |
| RFXDA | Redflow Limited | 0.3 | -9% | 23,091 | $58,833,168 |
| FDR | Finder | 0.105 | -9% | 112,947 | $8,625,000 |
OD6 Metals (ASX:OD6) reported final assay results from its recently completed drilling campaign at Splinter Rock Project, northeast of Esperance in WA, which contains high-grade clay hosted rare earth element (REE) mineralisation.
Results included grades up to 3,862 ppm total rare earths oxides (TREO). Two additional prospects were defined, in addition to the original four significant prospects previously reported.
