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: The ASX finished yesterday flat after the RBA surprised absolutely no one by doing absolutely nothing to interest rates, which remain at 4.35% after yesterday’s RBA call.

Wall Street hit new highs overnight, and this morning, the ASX opened higher with the Materials sector surging 2.0% early on renewed interest among commodities, driven by China’s announcement of measures that suggest that Beijing might finally be trying functional measures to stop its economy from sliding into the sea.

 

WINNERS

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

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ReNu Energy (ASX:RNE) doubled up (from $0.001 to $0.002) on news that it has entered into a binding Grant Deed with the Tasmanian Government for the award of up to $8 million of funding for its Tasmanian green hydrogen project, to be paid on delivery of green hydrogen to customers.

Western Gold Resources (ASX:WGR) was up after the company published a positive Scoping Study for its Gold Duke project in Western Australia, noting that the study has only assessed the economics based on mining 51% of the current published 2.9Mt @ 2.07g/t for 234,000oz gold mineral resource of Gold Duke.

Si6 Metals (ASX:SI6) announced plans to undertake a non-renounceable rights issue of one (1) fully paid ordinary share in the capital of the company for every two (2) shares held by eligible shareholders at an issue price of $0.001 per share (pre-consolidation) or $0.02, with funds raised to go towards exploration programs at the Lithium Valley (lithium), Pimento (rare earth elements) and Monument (gold) projects and for general working capital purposes.

Great Boulder Resources (ASX:GBR) revealed that infill and extensional RC drilling at its Mulga Bill project has intersected more extremely high gold grades, extending the resource and adding thickness and grade to existing lodes. Highlights include 5m @ 43.13/t Au from 185m, including 2m @ 102.80/t Au from 186m, and 5m @ 40.61g/t Au from 256m, including 1m @ 194.50g/t Au from 258m.

 

LAGGARDS

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

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