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Top 10 at 11: High grade silica lights a small caps fire as miners make moves this morning
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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 – for better or worse – and then I do my 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…
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| APS | Allup Silica Ltd | 0.079 | 172% | 1,343,669 | $1,115,836 |
| PUA | Peak Minerals Ltd | 0.004 | 33% | 8,467 | $3,124,130 |
| LSA | Lachlan Star Ltd | 0.039 | 26% | 38,461 | $6,434,769 |
| ATH | Alterity Therapeutics | 0.005 | 25% | 3,362,299 | $20,952,072 |
| AVE | Avecho Biotech Ltd | 0.005 | 25% | 32,486,085 | $12,677,188 |
| ECT | Env Clean Tech Ltd | 0.005 | 25% | 215,197 | $11,457,242 |
| ME1 | Melodiol Global Health | 0.005 | 25% | 261,002 | $1,627,343 |
| KP2 | Kore Potash PLC | 0.011 | 22% | 1,466,505 | $5,958,145 |
| CCZ | Castillo Copper Ltd | 0.006 | 20% | 33,333 | $6,497,527 |
| TMR | Tempus Resources Ltd | 0.006 | 20% | 271,300 | $3,654,994 |
The big mover this morning is Allup Silica (ASX:APS) , which is rocketing forward on news that the silica it’s sitting on in southern WA is really high quality stuff – >99.5% SiO2 and <100 ppm Fe2O3 – which essentially means that it’s ready to rock in applications such as photovoltaic cells without requiring much work to purify, such as magnetic separation. The table below says it’s at +178% – at 10:25am, it’s at +244%.
Euro Manganese (ASX:EMN) has announced it has received approval of the Environmental and Social Impact Assessment (“ESIA”) for the Chvaletice Manganese Project from the Czech Ministry of Environment. Additionally, the company has appointed Tim Kindred, an experienced, large-scale project delivery professional, as project director for Chvaletice as well.
AIC Mines (ASX:A1M) has reported an updated Ore Reserve estimate for its 100% owned Jericho Copper Deposit, located 4 kilometres south of the Company’s Eloise Copper Mine. It now boasts 3.2Mt grading 1.9% Cu and 0.4g/t Au containing 61,100 tonnes of copper and 37,000 ounces of gold, representing an 86% increase in contained copper; and an 86% increase in contained gold.
WA1 Resources (ASX:WA1) has reported more assays this morning, telling the market assays from broad-spaced diamond and RC drilling in the central and eastern zones further extends and demonstrates continuity of the shallow high-grade blanket of niobium mineralisation at Luni, within the company’s West Arunta Project in Western Australia.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| 1MC | Morella Corporation | 0.003 | -25% | 372,640 | $24,715,198 |
| AXP | AXP Energy Ltd | 0.0015 | -25% | 448,370 | $11,649,361 |
| TKL | Traka Resources | 0.0015 | -25% | 7,500,000 | $3,501,317 |
| NGY | Nuenergy Gas Ltd | 0.022 | -21% | 60,000 | $41,466,754 |
| CHK | Cohiba Minerals | 0.002 | -20% | 100,694 | $8,970,610 |
| FGL | Frugl Group Limited | 0.004 | -20% | 80,000 | $7,448,873 |
| LNR | Lanthanein Resources | 0.0025 | -17% | 1,051,636 | $5,864,727 |
| MHC | Manhattan Corp Ltd | 0.0025 | -17% | 4,000,000 | $8,810,939 |
| AVA | AVA Risk Group Ltd | 0.135 | -16% | 247,434 | $40,981,779 |
| LM1 | Leeuwin Metals Ltd | 0.066 | -12% | 51,771 | $3,513,875 |
