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Top 10 at 11: A mixed morning for lithium news and graphene is still on the boil
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Stockhead’s Top 10 at shortly-before-11-ish, produced with mildly heavy heart, as I’m back from an all-too-brief break but would much rather be sitting on the riverbank fishing quietly and ignoring the rest of the world again.
Top 10 highlights the best (and sometimes worst) performing ASX stocks in morning trade using live, fresh out of the deep-fryer 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 |
|---|---|---|---|---|---|
| FIN | FIN Resources Ltd | 0.021 | 91% | 16,081,559 | $6,831,389 |
| KRR | King River Resources | 0.013 | 30% | 9,997,618 | $15,535,249 |
| BUY | Bounty Oil & Gas NL | 0.0075 | 25% | 2,713,478 | $8,223,006 |
| OAR | OAR Resources Ltd | 0.005 | 25% | 100,000 | $10,452,543 |
| AX8 | Accelerate Resources | 0.032 | 23% | 9,117,297 | $9,895,646 |
| BPH | BPH Energy Ltd | 0.027 | 23% | 16,635,961 | $22,458,467 |
| RIM | Rimfire Pacific | 0.006 | 20% | 40,000 | $10,526,224 |
| SPX | Spenda Limited | 0.012 | 20% | 3,203,816 | $36,772,326 |
| SP3 | Specturltd | 0.021 | 17% | 759,241 | $4,064,128 |
| EMU | EMU NL | 0.0035 | 17% | 12,540,000 | $4,350,064 |
Fin Resources (ASX:FIN) – Soaring this morning on news that its maiden fieldwork program has identified abundant spodumene crystals within a broad pegmatite outcrop at Cancet West.
Accelerate Resources (ASX:AX8) – Up after releasing the contents of its investor presentation this morning, highlighting its current lithium activities.
First Graphene (ASX:FGR) – Still climbing on last week’s news of early results from world-leading cement production trials.
RTG Mining (ASX:RTG) – Up after an update on field work showing encouraging gold and copper mineralisation along 6.5km of skarns and new structures within Chanach.
Spectur (ASX:SP3) – Up on news it received advance payment for the provision of multi-year SpecturConnect+ subscription and support services from Southern Cross Protection for $614,313.13.
Emu (ASX:EMU) – Up after reporting extensive high-grade REE’s at its Condingup Project in WA.
BPH Energy (ASX:BPH), EBR Systems (ASX:EBR) and Firetail Resources (ASX:FTL) – up on no news.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| MRD | Mount Ridley Mines | 0.001 | -50% | 109,853 | $15,569,766 |
| AVH | Avita Medical | 3.42 | -23% | 300,241 | $269,342,398 |
| DCX | Discovex Res Ltd | 0.002 | -20% | 716,666 | $8,256,420 |
| LNU | Linius Tech Limited | 0.002 | -20% | 863,012 | $10,574,477 |
| AVM | Advance Metals Ltd | 0.005 | -17% | 2,399,990 | $3,531,352 |
| NES | Nelson Resources. | 0.005 | -17% | 1,000,000 | $3,681,566 |
| ZMI | Zinc of Ireland NL | 0.019 | -14% | 120,000 | $4,689,174 |
| SP8 | Streamplay Studio | 0.008 | -11% | 39,473 | $10,243,114 |
| MGU | Magnum Mining & Exp | 0.025 | -11% | 690,325 | $22,508,119 |
| LLO | Lion One Metals Ltd | 0.965 | -10% | 10,000 | $15,029,495 |
Dateline Resources (ASX:DTR) – Down on news of a proposed rights issue to raise $8.85 million.
Vmoto (ASX:VMT) – Down after releasing poor quarterly results, showing 4,937 units in total sold in 3Q23, down 58% on 3Q22.
Megado Minerals (ASX:MEG) – Down despite seeming positive news from its Cyclone lithium project in James Bay, Canada.
