Top 10 at 11: It's a Materials world this morning as sector gains

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 we do our 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. The ASX opened slightly higher today, with the benchmark rising to +0.25% at the time of tapping on keys. So far, the Materials and IT sectors are first out the gates with decent gains…

WINNERS

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

Code	Description	Last	%	Volume	MktCap
1MC	Morella Corporation	0.003	50%	879,590	$12,357,599
CLZ	Classic Minerals	0.0015	50%	501,702	$755,548
LSR	Lodestar Minerals	0.0015	50%	3,902,017	$2,023,397
MTL	Mantle Minerals Ltd	0.003	50%	53,953	$12,394,892
NES	Nelson Resources	0.003	50%	100,000	$1,227,189
TX3	Trinex Minerals Ltd	0.003	50%	30,963	$3,657,305
VFX	Visionflex Group Ltd	0.006	50%	1,666,666	$6,000,000
VML	Vital Metals Limited	0.003	50%	1,351,928	$11,790,134
LNU	Linius Tech Limited	0.002	33%	175,000	$8,320,111
TMX	Terrain Minerals	0.004	33%	113,260	$4,295,012

There have been no ASX announcements this morning regarding any of these early doors winners, but enjoy the green nevertheless.

LOSERS

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

Code	Company	Price	%	Volume	Market Cap
FMR	FMR Resources Ltd	0.2	-50%	376,227	$7,965,129
EXL	Elixinol Wellness	0.003	-25%	2,354,916	$5,284,729
SFG	Seafarms Group Ltd	0.003	-25%	460,874	$19,346,397
TMK	TMK Energy Limited	0.003	-25%	4,293,978	$27,686,448
NPM	Newpeak Metals	0.018	-25%	234,910	$2,966,842
HLX	Helix Resources	0.0025	-17%	19,809,834	$9,792,581
KPO	Kalina Power Limited	0.003	-14%	306	$8,702,379
ASR	Asra Minerals Ltd	0.004	-11%	100,000	$9,162,357
BCM	Brazilian Critical	0.016	-11%	95,343	$14,953,310
CDT	Castle Minerals	0.004	-11%	88,000	$5,975,218

Cobar-Nyngan region copper hunter Helix Resources (ASX:HLX) is double digits down despite completing DHEM geophysics on the first two scout drillholes targeting a prospective IP anomaly at the company’s Canbelego copper project.

Helix’s MD, Kylie Prendergast said:

“Despite a mineralised structure being intercepted where predicted, deployment of downhole EM geophysics leads us to believe further copper sulphide lodes in the Canbelego far west position will be deeper than 400m depth below surface or more than 200m along strike.

“While we are waiting for final results, the focus will now shift back to Bijoux, where a well-developed surficial copper anomaly has seen very limited drill testing.”