Andrea thought the date was going quite well, which is what made this egregious eye-gouge all the more surprising. Pic via Getty Images.
Top 10 at 11: I hope everyone’s hungry for lithium, because it’s driving most of the news today
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Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, 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.
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.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| SIS | Simble Solutions | 0.004 | 33% | 250,000 | $1,808,852 |
| ESR | Estrella Res Ltd | 0.005 | 25% | 584,656 | $7,037,487 |
| CMP | Compumedics Limited | 0.295 | 23% | 48,960 | $42,519,108 |
| MM1 | Midasmineralsltd | 0.14 | 22% | 272,768 | $9,975,933 |
| VRC | Volt Resources Ltd | 0.007 | 17% | 13,355,718 | $24,780,640 |
| BUR | Burleyminerals | 0.18 | 16% | 35,000 | $15,700,997 |
| RGL | Riversgold | 0.015 | 15% | 1,006,824 | $12,366,399 |
| RNX | Renegade Exploration | 0.008 | 14% | 750,000 | $6,998,066 |
| KGD | Kula Gold Limited | 0.025 | 14% | 6,456,566 | $9,226,047 |
| EPM | Eclipse Metals | 0.009 | 13% | 260,000 | $16,500,434 |
Compumedics (ASX:CMP) is on the move this morning, coming out a trading halt with news that it has received two new orders for its Magnetoencephalography (MEG) tech – from Tsinghua and Tianjin Universities – worth around $9.3 million.
Midas Minerals (ASX:MM1) is rising this morning on news of the discovery of the “Argus” pegmatite find in Alberta the Northwest Territories, Canada. It boasts sample results with assays of up to 7.25% Li2O and measures up to 30m wide by at least 450m at the Reid-Aylmer project.
Burley Minerals (ASX:BUR) has hot news from its little slice of Canada this morning, reporting that its found high-value pollucite mineralisation in the spodumene bearing Main Dyke at Chubb Central.
Kula Gold (ASX:KGD) is also knee-deep in peggies this morning, revealing that the maiden RC drill program at the company’s Cobra lithium prospect has turned up some very encouraging results, including visual pegmatites in multiple intervals varying from 3m to interpreted 55m thick from 11 holes.
Riversgold (ASX:RGL) has announced that diamond drilling of the entire gold-mineralised central cross-section at its Northern Zone project to 450m vertical depth has validated the previous exploration model.
And last but not least for the morning, Renegade Exploration (ASX:RNX) has delivered a maiden resource for its Mongoose Cu-Au prospect at its Cloncurry Project, of 3.1Mt @ 0.55% Cu and 0.07g/t Au for 17.0Kt of Cu and 7.3koz of Au at 0.25% Cu cut off – with “considerable scope for resource increase”.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| SHN | Sunshine Metals Ltd | 0.02 | -33% | 31,203,438 | $36,720,253 |
| TG6 | Tgmetalslimited | 0.535 | -27% | 2,564,012 | $39,482,902 |
| YOJ | Yojee Limited | 0.004 | -20% | 125,000 | $6,529,926 |
| AU1 | The Agency Group Aus | 0.034 | -19% | 152,564 | $18,000,217 |
| PRS | Prospech Limited | 0.032 | -18% | 955,200 | $8,746,832 |
| NHE | Nobleheliumlimited | 0.14 | -18% | 2,465,476 | $43,924,506 |
| NPM | Newpeak Metals | 0.015 | -17% | 446,330 | $1,799,131 |
| ATH | Alterity Therap Ltd | 0.006 | -14% | 3,357,908 | $19,616,523 |
| BFC | Beston Global Ltd | 0.006 | -14% | 100,000 | $13,979,328 |
| NGL | Nightingale Intel | 0.039 | -13% | 20,000 | $4,834,522 |
Alterity Therapeutics (ASX:ATH) is down this morning, after an after-hours announcement yesterday that the company has been granted a waiver by the ASX to side-step Listing Rule 7.3.9, which will permit shareholders who are eligible to participate in a proposed SPP to vote in favour of the SPP happening at all, at an Extraordinary General Meeting scheduled for Friday, 29 December 2023.
Noble Helium (ASX:NHE) is showing a dip this morning, on news that the company has received firm commitments received for a placement of new shares at $0.13 a pop, to raise gross proceeds of $14 million to fund appraisal and testing at its North Rukwa Helium Project in Tanzania.
Sunshine Metals (ASX:SHN) is down this morning, despite announcing the the market that it has identified 3 potential gold -rich feeder zones to the 2.3Mt Zn-Au-Cu-Pb-Ag volcanogenic massive sulphide resource at Liontown.
TG Metals (ASX:TG6) is falling this morning, despite news that it’s found lithium following a drill program at its Lake Johnston Li-Ni-Au project in Western Australia.
