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Top 10 at 10: Which WA Gold explorer is having a shimmering start to week?
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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. Early figures coming in has shown the market has slipped to open the week, ending its four day winning streak.
Last week, markets lifted after the FOMC meeting minutes revealed that US Fed Reserve policymakers thought about easing rate hikes.
Today is the final day of the Black Friday/Cyber Monday sales, and analysts will be closely watching total sales figures to gauge consumer confidence heading into the important Christmas period for retailers.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| CCE | Carnegie Cln Energy | 0.002 | 33% | 7,535,349 | $23,463,861 |
| ODY | Odyssey Gold Ltd | 0.049 | 26% | 2,914,337 | $23,987,864 |
| CFO | Cfoam Limited | 0.0025 | 25% | 141,076 | $1,467,681 |
| CDT | Castle Minerals | 0.026 | 24% | 6,538,006 | $20,989,353 |
| COY | Coppermoly Limited | 0.011 | 22% | 19,086 | $19,745,612 |
| W2V | Way2Vatltd | 0.03 | 20% | 444,546 | $4,446,105 |
| MHC | Manhattan Corp Ltd | 0.006 | 20% | 2,201,272 | $7,631,393 |
| PCL | Pancontinental Energ | 0.006 | 20% | 14,418,582 | $37,771,114 |
| MBKDA | Metal Bank Ltd | 0.038 | 19% | 516,888 | $8,368,793 |
| GES | Genesis Resources | 0.007 | 17% | 142,857 | $4,697,048 |
Odyssey Gold (ASX:ODY) has announced promising progress assay results from four holes of a 21-hole (2232m) Rc drilling program completed at the Highway Zone of its Tuckanarra JV project.
ODY said there was exceptional bonanza grade gold intersection of 43m at 8.3g/t gold from 41m including 12m at 27.5g/t Au from 70m, including 3m at 80.9 g/t from 73m.
Castle Minerals (ASX:CDT) has announced independent JORC 2012 exploration target estimate has been delivered highlighting Kambale as a large-scale graphite deposit that remains open to the north, south and to depth.
The estimate underpins plans to assess Kambale as a producer of a fine flake graphite concentrate to be assesses for possible application in the production of electric vehicle battery anode material.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| PRM | Prominence Energy | 0.001 | -33% | 11,941 | $3,636,913 |
| TSC | Twenty Seven Co. Ltd | 0.0015 | -25% | 3,037,498 | $10,643,256 |
| QPM | Queensland Pacific | 0.1375 | -21% | 11,156,461 | $305,610,886 |
| DW8 | DW8 Limited | 0.002 | -20% | 281,342 | $7,753,807 |
| MRQ | Mrg Metals Limited | 0.004 | -20% | 76,458 | $8,735,293 |
| DEL | Delorean Corporation | 0.07 | -15% | 134,766 | $17,689,115 |
| ADX | ADX Energy Ltd | 0.006 | -14% | 280,000 | $24,535,208 |
| NES | Nelson Resources. | 0.006 | -14% | 985,264 | $4,120,160 |
| CCX | City Chic Collective | 0.86 | -14% | 1,659,145 | $230,760,486 |
| EMU | EMU NL | 0.007 | -13% | 645,930 | $5,498,145 |
Queensland Pacific Metals (ASX:QPM) has announced advanced feasibility study on Stage 1 TEC project has been completed along with the scoping study on Stage 2 Tech Project expansion.
The company said stage 1 development capex estimate of $1.9 billion + contingency allowance compares well with the 2020 pre-feasibility study estimate of $650 million, considering 2.7 x plant scale increase and global equipment cost inflation over the past two years.
