Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, which is meant to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms that have made announcements.

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading.

Briefly, here’s what’s been happening already this morning: Local markets are off to a mixed start this morning, with Energy and Utilities stocks still facing a sell-off hangover as the market opened today.

However, tech stocks have opened higher, enjoying a decent boost along with Real Estate which has been enough to push the benchmark 0.5% higher in the opening minutes of the day.

It comes after a muted, mixed result from Wall Street overnight, and the all-important iron ore price has fallen again, down 0.8% while you were asleep.

 

WINNERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).

Security Description Last % Volume MktCap
LPD Lepidico Ltd 0.002 100.0 4,653,333 $8,589,125
EME Energy Metals Ltd 0.11 57.1 2,450,681 $14,677,832
ECT Env Clean Tech Ltd. 0.003 50.0 150,000 $6,343,621
EDE Eden Inv Ltd 0.002 33.3 500,000 $6,162,314
SMM Somerset Minerals 0.004 33.3 250,075 $3,092,996
AIV Activex Limited 0.009 28.6 291,178 $1,508,518
IVX Invion Ltd 0.0025 25.0 231,500 $13,275,731
VRC Volt Resources Ltd 0.005 25.0 577,736 $16,634,713
H2G Greenhy2 Limited 0.006 20.0 1,000,226 $2,990,921
EPM Eclipse Metals 0.007 16.7 17,571 $13,505,133
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Matsa Resources (ASX:MAT) was up slightly this morning on news that it has  executed an extension to the Confidentiality Agreement it had previously executed on 31 July 2023 with AngloGold Ashanti Australia, granting it a 45-day extension as talks continue about the future of of the Lake Carey gold project.

Nova Minerals (ASX:NVA) was up on news that the company has sent off two bulk samples for testing for antimony content. Nova has sent 2,500kg from its Stibium prospect and another 500kg from its Styx prospect off to the lab, along with other samples sent to ALS Laboratories, with results expected in the coming weeks.

 

LAGGARDS

Stocks highlighted in red have made market-moving announcements (click headings to sort).

Code Company Price % Volume Market Cap
LSR Lodestar Minerals 0.001 -50.0 6,326,374 $5,301,560
BP8 Bph Global Ltd 0.002 -33.3 400 $1,189,924
FAL Falconmetalsltd 0.205 -31.7 896,808 $53,100,000
MTL Mantle Minerals Ltd 0.0015 -25.0 2,022,225 $12,394,892
WBE Whitebark Energy 0.007 -22.2 960 $2,271,001
LML Lincoln Minerals 0.004 -20.0 87,500 $10,281,298
EMS Eastern Metals 0.026 -18.8 143,032 $3,637,640
BNL Blue Star Helium Ltd 0.005 -16.7 7,714,444 $11,669,312
ROG Red Sky Energy. 0.005 -16.7 10,390,000 $32,533,363
CRN Coronado Global Res 0.935 -14.6 2,899,496 $1,835,716,834
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Falcon Metals (ASX:FAL) has seen a setback to the expected date of re-commencing drilling to test the extent of the high-grade Farrelly Mineral Sands Deposit, initially targeted for Q4 2024. Landowners at the site have reportedly decided not to allow access to the site, and Falcon says negotiations are continuing with the hope of finding a resolution soon.

And big gun Coronado Global Resources (ASX:CRN) has blamed the weather for a revised guidance issued this morning, in which the company has said that Saleable Production will decrease from 16.4 – 17.2MMt to 15.4 – 16.0MMt, while the Average Mining Cost per Tonne Sold will increase from $95 – $99 to $105 – $110.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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