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.