Top 10 at 11: It looks like ‘anything to do with holes’ is where the action’s at this morning
Barry left the house feeling confident this morning, safe in the knowledge that his belly button would be the worst smelling one in the office today. Pic via Getty Images.
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 |
|---|---|---|---|---|---|
| LNR | Lanthanein Resources | 0.0105 | 75% | 29,421,169 | $6,729,453 |
| VAL | Valor Resources Ltd | 0.004 | 33% | 6,475,000 | $11,620,004 |
| CTO | Citigold Corp Ltd | 0.005 | 25% | 250,000 | $11,494,636 |
| EVR | Ev Resources Ltd | 0.012 | 20% | 2,000,000 | $9,545,883 |
| HRN | Horizon Gold Ltd | 0.335 | 18% | 15,385 | $41,279,378 |
| MTL | Mantle Minerals Ltd | 0.0035 | 17% | 3,390,000 | $18,442,338 |
| RIL | Redivium Limited | 0.007 | 17% | 752,513 | $16,385,129 |
| VRC | Volt Resources Ltd | 0.007 | 17% | 225,000 | $24,780,640 |
| MEU | Marmota Limited | 0.053 | 15% | 2,458,737 | $48,704,826 |
| MEK | Meeka Metals Limited | 0.045 | 13% | 150,000 | $47,438,357 |
Lanthanein Resources (ASX:LNR) is up this morning after dropping news that it’s entered into a farm-in agreement to earn up to 70% of the Lady Grey Lithium-Tantalum Project, ~365km east of Perth, immediately adjacent to one of the largest operating lithium mines in Western Australia.
88 Energy (ASX:88E) is climbing after releasing an options prospectus after market close last night.
Noble Helium (ASX:NHE) is *ahem* rising this morning after dropping a clarification statement this morning on drilling results from its North Rukwa Helium Project in Tanzania.
Marmota (ASX:MEU) is up this morning, following a modest spike in uranium prices overnight.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| AUH | Austchina Holdings | 0.003 | -25% | 50,000 | $8,311,535 |
| KNM | Kneomedia Limited | 0.003 | -25% | 201,227 | $6,133,085 |
| ERW | Errawarra Resources | 0.1 | -23% | 2,948,514 | $12,469,687 |
| JPR | Jupiter Energy | 0.017 | -23% | 50,000 | $27,947,266 |
| GTG | Genetic Technologies | 0.002 | -20% | 989,000 | $28,854,145 |
| LCL | LCL Resources Ltd | 0.018 | -18% | 8,256,847 | $17,474,698 |
| AQI | Alicanto Min Ltd | 0.037 | -18% | 1,476,629 | $27,690,156 |
| ECT | Env Clean Tech Ltd. | 0.005 | -17% | 159,919 | $17,085,331 |
| ESR | Estrella Res Ltd | 0.005 | -17% | 12,501,490 | $10,556,231 |
| RIE | Riedel Resources Ltd | 0.005 | -17% | 10,578,667 | $12,356,442 |
Errawarra Resources (ASX:ERW) is losing ground this morning, despite revealing its found a new LCT pegmatite at Andover West, just 600m east of the high-grade Raiden LCT Pegmatite deposit, with peak assays of 0.9% Li2O from initial reconnaissance sampling.
Alicanto Minerals (ASX:AQI) is slipping this morning, despite positive news from the Falun mine in Sweden, where the company is following up a previously untested off-hole electromagnetic conductor now being drilled at the Skyttgruvan target.
Riedel Resources (ASX:RIE) has dipped this morning after announcing an Initial high grade JORC 2012 compliant Inferred Mineral Resource Estimate (MRE) of 494,000 tonnes at 4g/t Au for 64,000oz gold and 43.4g/t Ag for 689,000oz silver within the top 40m at its Kingman Project.
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