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Top 10 at 11: Big earns, cost cutting and bags of gold and lithium are all the rage this morning
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Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, fuelled by bleary eyes and coffee from that nice fella in the cafe across the street. Steve, I think his name is. Or possibly Pete.
Top 10 highlights 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.
The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading – for better or worse.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| PIM | Pinnacleminerals | 0.14 | 56% | 1,816,581 | $2,301,750 |
| AYM | Australia United Min | 0.003 | 50% | 241,000 | $3,685,155 |
| BAT | Battery Minerals Ltd | 0.035 | 40% | 127,683 | $2,990,112 |
| RCR | Rincon | 0.05 | 39% | 642,712 | $2,909,683 |
| ERL | Empire Resources | 0.005 | 25% | 973,546 | $4,451,740 |
| RMX | Red Mount Min Ltd | 0.005 | 25% | 140,000 | $10,694,304 |
| SPX | Spenda Limited | 0.016 | 23% | 7,210,953 | $47,804,024 |
| BMR | Ballymore Resources | 0.135 | 23% | 101,922 | $16,081,699 |
| SI6 | SI6 Metals Limited | 0.006 | 20% | 1,000,000 | $9,969,297 |
| YRL | Yandal Resources | 0.053 | 18% | 100,000 | $7,101,139 |
Battery Minerals (ASX:BAT) – Up quickly this morning on news that the company has entered into a binding agreement to acquire the advanced Spur gold project, in the heart of the highly prospective Lachlan Fold Belt.
Rincon Resources (ASX:RCR) – Rincon is off to a flying start after revealing it has found a 29m zone of brecciated quartz and up to 5-10% sulphide mineralisation in its first drillhole at Mammoth in WA.
AIC Mines (ASX:A1M) – Up nicely after revealing the company hit record production (3,402t Cu and 1,820oz Au in concentrate) while dropping costs (AISC of A$4.94/lb Cu and AIC of A$5.16/lb Cu) for the September quarter.
Spenda (ASX:SPX) – Up on news of a 10-year service agreement with Capricorn for the provision of software and ecommerce payments infrastructure, worth $443k upon successful completion of the final phase, as well as $1.3m in initial development fees for commercial launch in 2024 and minimum recurring revenue of $100k per month software licensing fees, scaling over 10 years.
Pinnacle Minerals (ASX:PIM) – Up on news it will acquire a 75% interest in the Adina East Lithium Project in the James Bay lithium district, totalling 72.7km2, next door to Loyal Lithium (ASX:LLI) and Winsome Resources (ASX:WR1).
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| EMU | EMU NL | 0.001 | -50% | 1,000,000 | $2,900,043 |
| SIH | Sihayo Gold Limited | 0.001 | -50% | 510,000 | $24,408,512 |
| PVS | Pivotal Systems | 0.003 | -25% | 140,971 | $3,073,517 |
| BGE | Bridgesaaslimited | 0.032 | -18% | 66,140 | $1,538,004 |
| AHN | Athena Resources | 0.005 | -17% | 2,000,000 | $6,422,805 |
| 88E | 88 Energy Ltd | 0.006 | -14% | 122,464,167 | $154,830,585 |
| PUA | Peak Minerals Ltd | 0.003 | -14% | 1,000 | $3,644,818 |
| TAS | Tasman Resources Ltd | 0.006 | -14% | 402,000 | $4,988,685 |
| ENR | Encounter Resources | 0.27 | -13% | 69,150 | $122,612,992 |
| ENV | Enova Mining Limited | 0.007 | -13% | 428,211 | $3,909,293 |
WIA Gold (ASX:WIA) – Down this morning after an update from its Kokoseb Gold Project (Kokoseb) in Namibia, where assays include 3.5m at 2.52 g/t Au from 278.2m, and 9.5m at 1.27 g/t Au from 294.6m.
