Pic: Getty Images
Top 10 at 10: Which lithium play is leading the winners table after starting a drilling program?
News
share
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.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| ARE | Argonaut Resources | 0.002 | 33% | 248,136 | $9,542,807 |
| SKY | SKY Metals Ltd | 0.051 | 19% | 429,573 | $16,201,689 |
| MPR | Mpower Group Limited | 0.02 | 18% | 1,177,460 | $4,992,956 |
| BEZ | Besra Gold | 0.085 | 18% | 4,986,793 | $25,478,056 |
| RMX | Red Mount Min Ltd | 0.004 | 14% | 1,000,000 | $7,951,479 |
| OEC | Orbital Corp Limited | 0.17 | 13% | 3,046 | $17,550,500 |
| EMP | Emperor Energy Ltd | 0.017 | 13% | 273,334 | $4,032,937 |
| AR1 | Austral Resources | 0.22 | 13% | 455,200 | $63,113,610 |
| KNI | Kuniko Limited | 0.455 | 12% | 132,329 | $20,585,383 |
| ERW | Errawarra Resources | 0.15 | 11% | 6,666 | $8,168,040 |
Heading the winners table at open is lithium play Argonaut Resources (ASX: ARE) after announcing that a drilling program targeting lithium, caesium, tantalum (LCT) pegmatites has commenced at the Darson prospect within its 80% held Higginsville project in Western Australia.
ARE said the Darson pegmatite swarm is located within the Tier 1, world class Norseman–Coolgardie LCT Pegmatite Corridor and is a prime geological setting for the discovery of a commercial lithium deposit.
It is located within four km of the Dome North lithium deposits held by Essential Metals (ASX:ESS) and 12km of the Sinclair caesium mine. Regionally, the Darson pegmatite swarm is located at the centre of a cluster of major lithium resources.
Also on the winners table is renewable energy and battery storage development company MPower Group (ASX: MPR) which has announced it has established a project funding relationship with a global renewable energy investment firm to fund the growth of its national Build Own Operate portfolio of solar power and battery storage projects being rolled out across Australia.
MPR said the agreement with AMPYR Energy will provide the company with a flexible funding solution to expand its asset portfolio on a project-by-project basis, in alignment with its stated development strategy to build a national network of regional clean energy supply hubs.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| SRY | Story-I Limited | 0.011 | -54% | 3,520,929 | $9,033,717 |
| TD1 | Tali Digital Limited | 0.002 | -33% | 400,000 | $8,325,467 |
| CLZ | Classic Min Ltd | 0.0015 | -25% | 5,453,456 | $3,675,564 |
| NES | Nelson Resources | 0.005 | -17% | 188,448 | $3,531,566 |
| PNX | PNX Metals Limited | 0.0025 | -17% | 163,754 | $16,141,874 |
| ADX | ADX Energy Ltd | 0.006 | -14% | 20,001 | $24,742,372 |
| FAU | First Au Ltd | 0.003 | -14% | 12,574,572 | $3,831,741 |
| LBY | Laybuy Group Holding | 0.03 | -14% | 97,054 | $9,013,557 |
| FDR | Finder | 0.088 | -12% | 41,742 | $7,500,000 |
| 5EA | 5E Advanced | 0.805 | -12% | 330,257 | $256,220,492 |
