Top 10 at 10: Which gold explorer just hit a bonanza?

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.