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Top 10 at 10: Who are the hottest ASX stocks in early trade?
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Stockhead’s Top 10 at 10, published at 10.30am each trading day, highlights the best (and worst) performing ASX small caps 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 commenced trading.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| CODE | COMPANY | % RETURN | VOLUME | PRICE | MARKET CAP |
|---|---|---|---|---|---|
| MLS | Metals Australia | 50% | 1,362,300 | 0.003 | $10,477,114.72 |
| JAV | Javelin Minerals | 25% | 107,365 | 0.0025 | $13,176,505.54 |
| BEZ | Besra Gold | 20% | 5,000 | 0.12 | $17,184,996.00 |
| MBK | Metal Bank | 17% | 225,064 | 0.007 | $15,646,908.96 |
| CYQ | Cycliq Group | 13% | 1,025,000 | 0.018 | $5,560,266.53 |
| CZR | CZR Resources | 13% | 458,520 | 0.009 | $27,890,586.22 |
| MCT | Metalicity | 13% | 275,000 | 0.009 | $20,003,418.96 |
| SIH | Sihayo Gold | 13% | 60,000 | 0.009 | $29,483,691.30 |
| TMK | Tamaska Oil Gas | 13% | 300,000 | 0.009 | $7,880,000.00 |
| GTE | Great Western Exp. | 12% | 103,584 | 0.145 | $17,705,755.21 |
Bicycle safety gear manufacturer Cycliq Group (ASX:CYQ) says strong sales during the December quarter improved its cash position from $766,000 to ~$1.7m by quarter end.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| CODE | COMPANY | % RETURN | VOLUME | PRICE | MARKET CAP |
|---|---|---|---|---|---|
| ARE | Argonaut Resources | -50% | 127,126,785 | 0.003 | $21,637,228.69 |
| NES | Nelson Resources | -29% | 736,423 | 0.027 | $7,383,103.41 |
| PAB | Patrys | -27% | 13,484,984 | 0.027 | $76,098,732.83 |
| ANL | Amani Gold | -25% | 6,923,999 | 0.0015 | $45,751,128.21 |
| GTG | Genetic Technologies | -25% | 12,392,119 | 0.0045 | $55,403,790.86 |
| VMG | VDM Group | -20% | 1,400,000 | 0.002 | $17,319,152.38 |
| RRL | Regis Resources | -17% | 4,194,018 | 1.75 | $1,585,030,225.80 |
| BRU | Buru Energy | -15% | 1,963,366 | 0.17 | $107,688,598.20 |
| TGA | Thorn Group | -15% | 109,621 | 0.235 | $93,470,215.30 |
| CPN | Caspin Resources | -15% | 127,930 | 0.765 | $62,489,535.45 |
The Zambian Government has unexpectedly not renewed an exploration license over Argonaut Resources’ (ASX:ARE) ‘Lumwana West’ project, which includes the large Nyungu copper-cobalt deposit.
ARE believes there is corruption at play and has lodged an appeal.
Gold explorer Nelson Resources (ASX:NES) is raising $1.9m at a steep 27% discount to 10 day volume weighted average share price (VWAP).
Therapeutic antibody development company Patrys (ASX:PAB) says a maiden engineering run of its lead asset, PAT-DX1, resulted in lower drug product recoveries than expected.
Mid tier gold miner Regis Resources (ASX:RRL) has lowered full year production guidance to between 420,000oz-475,000oz from 460,000oz- 515,000oz following a wall slip at its Rosemont Main Pit “and other operational challenges”.
