Everyone must be feelin' a little queasy this morning... it's a bit quiet out there today. Pic via Getty Images.
Top 10 at 11: It’s all cap raises and consultants driving a quiet morning on the ASX
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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…
The ASX opened higher, with the benchmark up +0.28% and the goldies off and running for the second day in a row.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| CLZ | Classic Minerals | 0.0015 | 50% | 3,031,315 | $551,029 |
| LNR | Lanthanein Resources | 0.004 | 33% | 236,400 | $7,330,908 |
| YAR | Yari Minerals Ltd | 0.004 | 33% | 150,000 | $1,447,073 |
| HLX | Helix Resources | 0.0025 | 25% | 7,710,348 | $6,528,387 |
| EFE | Eastern Resources | 0.006 | 20% | 168,758 | $6,209,732 |
| MTH | Mithril Resources | 0.185 | 19% | 19,099 | $13,109,314 |
| PUR | Pursuit Minerals | 0.0035 | 17% | 3,289,540 | $10,906,200 |
| A1G | African Gold Ltd. | 0.024 | 14% | 30,000 | $5,023,530 |
| EVG | Evion Group NL | 0.018 | 13% | 655,709 | $5,535,347 |
| TMR | Tempus Resources Ltd | 0.0045 | 13% | 7,700 | $4,123,995 |
Mithril Resources (ASX:MTH) has received firm commitments for a capital raising of $3.7 million at $0.20 with cornerstone investment by Jupiter Gold and Silver Fundn at a 29 per cent premium to its last traded share price.
Noviqtech (formerly Tymlez) (ASX:NVQ) was climbing early, possibly due to yesterday’s news that the company has added a new AI-powered chatbot, driven by Google Gemini, to its flagship SaaS product, Carbon Central.
Classic Minerals (ASX:CLZ) was up early, after announcing an extension to the closing date of its non-renounceable pro-rata rights issue at an issue price of $0.004 per new share, with 1 bonus option for every 2 shares subscribed for, exercisable at $ 0.02 on or before 30 June 2027.
Eastern Resources (ASX:EFE) announced that the company has engaged Nagom, an experienced lithium consultancy in Perth, to plan and manage metallurgical testwork for samples from the Lepidolite Hill Project.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| LPD | Lepidico Ltd | 0.002 | -33% | 380,000 | $25,767,358 |
| ALR | Altair Minerals | 0.003 | -25% | 151,000 | $17,186,310 |
| ODE | Odessa Minerals Ltd | 0.003 | -25% | 40,000 | $4,173,130 |
| PUA | Peak Minerals Ltd | 0.003 | -25% | 127,538 | $4,165,506 |
| LRL | Labyrinth Resources | 0.004 | -20% | 52,600 | $5,937,719 |
| RDS | Redstone Resources | 0.004 | -20% | 1,784,444 | $4,626,892 |
| M2R | Miramar | 0.007 | -18% | 672,534 | $1,581,664 |
| 1MC | Morella Corporation | 0.0025 | -17% | 2,351,442 | $18,536,398 |
| BMO | Bastion Minerals | 0.005 | -17% | 11,000 | $2,610,503 |
| CCZ | Castillo Copper Ltd | 0.005 | -17% | 267,049 | $7,797,032 |
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