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Top 10 at 11: Antimony assays, bad weather and local lockout are today’s top stories
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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 |
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 |
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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