The bed bug problem in Paris is now officially out of control. Pic via Getty Images.
Top 10 at 11: Lithium, gold and old news are propelling the market this morning
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Stockhead’s Top 10 at shortly-before-11-ish, produced approximately on time, and largely dependent on whether this god-awful NBN decides it’s “too hot outside” to function properly.
Top 10 highlights the best (and sometimes worst) performing ASX stocks in morning trade using data so live we recommend taking public transport to the venue as the pre-booked parking is already full.
It’s 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.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| FAU | First Au Ltd | 0.003 | 50% | 1,686,674 | $2,903,987 |
| MTH | Mithril Resources | 0.002 | 33% | 1,699,999 | $5,053,207 |
| ADV | Ardiden Ltd | 0.006 | 20% | 252,990 | $13,441,677 |
| LVT | Livetiles Limited | 0.006 | 20% | 164,166 | $5,885,553 |
| TKL | Traka Resources | 0.006 | 20% | 149,268 | $4,356,646 |
| RBL | Redbubble Limited | 0.55 | 20% | 523,120 | $130,051,303 |
| LPI | Lithium Pwr Int Ltd | 0.415 | 19% | 2,381,467 | $220,233,146 |
| EVR | Ev Resources Ltd | 0.014 | 17% | 819,347 | $11,231,809 |
| KPO | Kalina Power Limited | 0.007 | 17% | 150,000 | $9,091,175 |
| NET | Netlinkz Limited | 0.007 | 17% | 70,000 | $21,363,170 |
Redbubble (ASX:RBL) – Up on news of a significant turnaround to positive underlying cash flow of $0.7 million, up $16.9 million on prior corresponding period (pcp) and up $5.5 million on the fourth quarter of FY23.
Arovella Therapeutics (ASX:ALA) – Up after revealing the company has entered into a global, exclusive licence with Sparx Group to develop a world-first iNKT cell therapy targeting Claudin 18.2, which is expressed in gastric, gastroesophageal junction and pancreatic cancers.
Lithium Power International (ASX:LPI) – Rising very sharply on no news, and catching a 10:20am speeding ticket – watch this space.
5E Advanced Materials (ASX:5EA) – Still rising on recent news of step rate testing in the US.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| CLE | Cyclone Metals | 0.001 | -50% | 20000000 | 20529009.85 |
| EMU | EMU NL | 0.002 | -20% | 27750912 | 3625053.198 |
| EDE | Eden Inv Ltd | 0.0025 | -17% | 1117456 | 10090910.54 |
| MTL | Mantle Minerals Ltd | 0.0025 | -17% | 1652333 | 18442337.5 |
| SFG | Seafarms Group Ltd | 0.005 | -17% | 150710 | 29019595.07 |
| AKN | Auking Mining Ltd | 0.047 | -16% | 10089 | 11429807.59 |
| WC8 | Wildcat Resources | 0.375 | -15% | 4526894 | 292871728.2 |
| RHY | Rhythm Biosciences | 0.23 | -13% | 332178 | 58602786.09 |
| AJL | AJ Lucas Group | 0.014 | -13% | 11384 | 22011674.08 |
| NAG | Nagambie Resources | 0.018 | -10% | 500000 | 11634526.32 |
Emu (ASX:EMU) – Down after announcing that the company has agreed to place up to 600M fully paid ordinary shares (New Shares) to sophisticated and professional investors raising up to $900K.
Wildcat Resources (ASX:WC8) – Done after announcing it has successfully completed the 100% acquisition of the Tabba Tabba Lithium Tantalum Project, located near Port Hedland, WA.
