Top 10 at 11: Desert Metals flying because there’s 9km of neighbourly goodness at Dingo Pass

"I was going to ask you if I could borrow a cup of Rare Earths, but it turns out we've got plenty here, too. Thanks Neighbour!." Pic via Getty Images.
Stockhead’s Top 10 at 10-ish, published at an appropriate time each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live (not frozen!) 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 |
---|---|---|---|---|---|
BTC | BTC Health Ltd | 0.026 | 24% | 412,892 | $5,918,773 |
TVN | Tivan Limited | 0.07 | 23% | 1,580,356 | $89,534,390 |
BCT | Bluechiip Limited | 0.024 | 20% | 453,333 | $14,273,409 |
TGH | Terragen | 0.026 | 18% | 20,000 | $5,335,853 |
AYT | Austin Metals Ltd | 0.007 | 17% | 250,015 | $6,095,248 |
EPM | Eclipse Metals | 0.015 | 15% | 57,999 | $26,364,777 |
CCZ | Castillo Copper Ltd | 0.008 | 14% | 1,100,000 | $9,096,537 |
GMN | Gold Mountain Ltd | 0.008 | 14% | 30,000 | $15,883,550 |
AFL | Af Legal Group Ltd | 0.21 | 14% | 52,521 | $14,533,862 |
CUS | Coppersearchlimited | 0.26 | 13% | 61,720 | $12,142,826 |
Desert Metals (ASX:DM1) is off to a flyer this morning, up more than 60% early on news that it has confirmed that the clay hosted rare earth element (REE) mineralisation from tbhe neighbouring Tower resource (belonging to Krakatoa ASX:KTA) extends for at least 9km into Desert Metals’ Dingo Pass project.
BTC Health (ASX:BTC) is up 23.8% this morning on news of a $0.89 million share placement to a consortium of three new strategic investors.
Bluechiip (ASX:BCT) is up 20% after delivering its annual report after hours last night, showing revenue remained steady, but costs had blown out.
Tivan (ASX:TVN) is up more than 19% this morning on news that Dr Guy Debelle has agreed to join the board in the role of non-executive director, effective as of today. That came just hours after Debelle stepped down as a non-executive director from the board of FFI – the green energy arm of Fortescue Metals Group.
Terragen (ASX:TGH) is doing well, climbing 18% after its annual report yesterday showed total revenue from continuing operations was up 13% to $3,275,719.
AF Legal (ASX:AFL) is up 13.5% after dropping a half-year report yesterday showing the company delivered a net profit before tax attributable of $622k, after losses of ($463k) and ($407k) in H1 FY23 and H2 FY22 respectively.
Up on no news, Copper Search (ASX:CUS) (13%), and Austin Metals (ASX:AYT) (16%) this morning.
Magnum Mining and Exploration (ASX:MGU) took off early but then eased somewhat to 6% on news that Middle East for Metallic Industrial (MidMetal) has entered into a non-binding MOU with Magnum for an offtake deal.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Code | Company | Price | % | Volume | Market Cap |
---|---|---|---|---|---|
MXC | Mgc Pharmaceuticals | 0.002 | -33% | 2,893,860 | $11,677,079 |
WSI | Weststar Industrial | 0.155 | -26% | 477,069 | $23,260,700 |
PHL | Propell Holdings Ltd | 0.02 | -20% | 216,000 | $3,008,888 |
MKL | Mighty Kingdom Ltd | 0.015 | -17% | 100,862 | $5,871,953 |
EEL | Enrg Elements Ltd | 0.005 | -17% | 91,976 | $6,059,790 |
ROG | Red Sky Energy. | 0.005 | -17% | 400,000 | $31,813,363 |
NGL | Nightingale Intel | 0.043 | -14% | 200,000 | $5,106,451 |
SP3 | Specturltd | 0.02 | -13% | 3,547 | $5,193,052 |
CPO | Culpeominerals | 0.035 | -13% | 42,561 | $2,652,612 |
OJC | The Original Juice | 0.092 | -12% | 4,500 | $25,682,033 |
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