Top 10 at 11: Garnets – that’s what’s winning the morning. (Didn’t see that coming, did you?)
Pic via Getty Images
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 – for better or worse – and then we do our best to make sense of who’s moving where and why it might be happening.
Anyway… here’s what’s been happening since the doors were opened this morning. The ASX burst out of the gates early doors… and promptly fell flat on its face. It’s down 0.85% as we “speak”.
All sectors are well in the red at time of writing, but in particular Information Technology, which has taken Wall Street’s plunge overnight to heart.
You can glean some more context on that and other things in this morning’s Market Highlights written by Eddy Sunarto.
LEADERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Security | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| AHN | Athena Resources | 0.004 | 100% | 16,424,633 | $2,140,935 |
| PR1 | Pureresourceslimited | 0.145 | 69% | 2,971,557 | $3,225,001 |
| RMX | Red Mount Min Ltd | 0.0015 | 50% | 1,827,972 | $3,423,577 |
| SEN | Senetas Corporation | 0.018 | 38% | 10,739,370 | $20,426,684 |
| AAU | Antilles Gold Ltd | 0.004 | 33% | 850,000 | $4,384,283 |
| MEL | Metgasco Ltd | 0.005 | 25% | 100,000 | $5,790,347 |
| VRC | Volt Resources Ltd | 0.005 | 25% | 266,802 | $16,634,713 |
| GLL | Galilee Energy Ltd | 0.029 | 21% | 209,000 | $8,153,871 |
| CLU | Cluey Ltd | 0.042 | 20% | 747,498 | $7,056,475 |
| MRQ | Mrg Metals Limited | 0.0035 | 17% | 1,368,133 | $8,134,556 |
Exploration minnow Pure Resources (ASX:PR1) has shot up today on the news it’s entered into a binding option agreement to acquire the Reedy Creek Project located 90 kms north of Halls Creek, Western Australia.
The project is a hard-rock, high-grade, outcropping industrial garnet deposit and consists of a live mining lease M80/416 that covers an area of 359.60 ha and has been granted until 2038.
Meanwhile Athena Resources (ASX:AHN), a junior iron ore explorer and developer over in WA, is up a century of percentage gains this morning.
The company has had a boardroom shuffle. Per its ASX release this morning:
“Athena Resources Limited is pleased to announce the appointments of Mr John Welborn as Non-Executive Chairman and Mr Garry Plowright as Non-Executive Director of Athena Resources with immediate effect.
“Mr Ed Edwards and Mr Hau Wan Wai have today resigned as Directors of the Company. Mr Peter Newcomb and Mr Terry Weston remain on the Board of Athena.”
LAGGARDS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
HCT Holista CollTech Ltd 0.007 -0.222222 1,533 $2,509,201 NUC Nuchev Limited 0.16 -0.2 20,000 $29,267,861 EFE Eastern Resources 0.004 -0.2 600,000 $6,209,732 LPD Lepidico Ltd 0.002 -0.2 3,513,367 $21,472,812 M2R Miramar 0.008 -0.2 7,468,507 $1,973,898 ROG Red Sky Energy. 0.004 -0.2 1,548,964 $27,111,136 PIL Peppermint Inv Ltd 0.009 -0.181818 19,304,451 $23,334,942 88E 88 Energy Ltd 0.0025 -0.166667 5,061,666 $86,678,016 BNL Blue Star Helium Ltd 0.005 -0.166667 2,362,014 $11,669,312 PSL Paterson Resources 0.021 -0.16 245,162 $11,400,947 HCT Holista CollTech Ltd 0.007 -0.222222 1,533 $2,509,201
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