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Top 10 at 10: Who just pencilled in a big offtake deal with Mitsubishi?
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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.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| MEB | Medibio Limited | 0.002 | 33% | 20,000 | $6,225,891 |
| VPR | Volt Power Group | 0.002 | 33% | 75,000 | $16,074,312 |
| WEL | Winchester Energy | 0.004 | 33% | 1,625,390 | $3,061,266 |
| MGU | Magnum Mining & Exp | 0.022 | 29% | 2,517,850 | $11,982,934 |
| BXN | Bioxyne Ltd | 0.025 | 25% | 100,000 | $13,312,908 |
| TOY | Toys R Us | 0.021 | 24% | 323,724 | $14,672,473 |
| HLX | Helix Resources | 0.006 | 20% | 310,000 | $11,615,729 |
| MHI | Merchant House | 0.065 | 18% | 15,000 | $5,184,657 |
| IVX | Invion Ltd | 0.007 | 17% | 2,500 | $38,529,793 |
| OAU | Ora Gold Limited | 0.0035 | 17% | 12,625,000 | $11,810,775 |
Magnum Mining & Exploration (ASX:MGU) has inked a Memorandum of Understanding (MOU) with Mitsubishi for the offtake of all products from proposed operations at its Buena Vista Green Iron Project in Nevada, USA.
The MOU covers all products from the project including Direct Shipping Ore (DSO), iron concentrate, HIsmelt-produced pig iron and slag, all steel plant wastes, and excess biochar.
Toys R Us (ASX:TOY) has slashed costs, accessed more debt, moved closer to a leadership refresh and improved its Aussie e-commerce gross margins from 16.4% in February to 22.3% in April.
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LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| NES | Nelson Resources. | 0.004 | -20% | 650,000 | $2,942,972 |
| APX | Appen Limited | 2.65 | -17% | 2,945,051 | $396,577,805 |
| BME | Blackmountainenergy | 0.017 | -15% | 155,845 | $3,664,484 |
| BAT | Battery Minerals Ltd | 0.003 | -14% | 70,000 | $11,749,298 |
| FAU | First Au Ltd | 0.003 | -14% | 515,124 | $3,831,741 |
| MRD | Mount Ridley Mines | 0.003 | -14% | 32,847,500 | $27,247,090 |
| RMX | Red Mount Min Ltd | 0.003 | -14% | 200,000 | $7,951,479 |
| HXG | Hexagon Energy | 0.013 | -13% | 51,439 | $7,693,739 |
| LNU | Linius Tech Limited | 0.0035 | -13% | 12,501 | $14,356,099 |
| NTM | Nt Minerals Limited | 0.007 | -13% | 12,268 | $6,405,591 |
