Top 10 at 11: Lithium hits and AI are what’s driving the news today

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.

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.

Local markets have opened higher, following a rally on Wall Street overnight, which has moved the ASX 200 benchmark about 0.6% in a better direction than the one it was headed for most of yesterday.

Here’s what’s been happening since the doors were opened this morning

WINNERS

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

Code	Description	Last	%	Volume	MktCap
W2V	Way2Vat Ltd	0.02	43%	21,169,963	$9,122,518
JBY	James Bay Minerals	0.2	43%	422,089	$4,542,300
ATH	Alterity Therapeutics	0.005	25%	30,982	$17,531,019
RMX	Red Mount Mining	0.0025	25%	245,721	$5,347,152
RR1	Reach Resources Ltd	0.0025	25%	1,047,285	$6,420,594
PRX	Prodigy Gold NL	0.007	17%	16,105,112	$10,506,647
ATC	Altech Batt Ltd	0.073	16%	4,978,322	$104,159,531
EGR	Ecograf Limited	0.15	15%	49,202	$59,024,136
E33	East 33 Limited.	0.023	15%	680,324	$10,741,774
TG1	Techgen Metals Ltd	0.0435	14%	267,115	$4,831,038

James Bay Minerals (ASX:JBY) reports that a review of aeromagnetic and spectromagnetic survey results across its flagship Joule Property, within the 100%-owned La Grande Lithium Project in the James Bay region of Quebec, Canada, has generated significant new rare earths and uranium targets.

Way2VAT (ASX:W2V) has launched the world’s first AI-driven automated accounts payable auditing product, which the company calls “AI-AP Compliance”, designed to work hand-in-hand with its existing suite of AI-powered VAT/GST claim and return solutions.

GreenTech Metals (ASX:GRE) is moving this morning, possibly in response to the company’s presentation at the RIU Explorers conference, but it’s hard to tell.

Hammer Metals (ASX:HMX) is continuing its climb from yesterday, following a positive update delivered to the market on its copper hunting exploits in Queenland’s Mt Isa region.

LOSERS

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

Code	Description	Last	%	Volume	MktCap
1MC	Morella Corporation	0.003	-25%	4,000	$24,715,198
CTN	Catalina Resources	0.004	-20%	500,000	$6,192,434
IND	Industrialminerals	0.25	-19%	308,684	$21,315,600
INV	Investsmart Group	0.125	-19%	70,000	$22,115,475
VTI	Vision Tech Inc	0.23	-15%	10,000	$14,332,410
BUY	Bounty Oil & Gas NL	0.006	-14%	175,000	$10,489,507
JTL	Jayex Technology Ltd	0.006	-14%	200,000	$1,968,950
ADY	Admiralty Resources.	0.007	-13%	22,000	$10,428,633
KGD	Kula Gold Limited	0.007	-13%	770,805	$3,385,695
OSL	Oncosil Medical	0.007	-13%	43,863	$15,796,329

Uncertainty surrounding a move by NSW to protect coastal waters from offshore drilling is playing havoc with Bounty Oil & Gas (ASX:BUY), despite the company reassuring investors that its PEP 11 well is well beyond the 3 nautical mile exclusion zone, and that it intends to keep exploring.

Catalina Resources (ASX:CTN) is lower, despite news that it has received all relevant permits and engaged the services of a drilling contractor to get a drill program underway at its on Exploration Licence E38/3697 in the Laverton district of WA, within the next few weeks.

Industrial Minerals (ASX:IND) has received first assays from its Pippingarra Quarry RC drilling program, and the results are a little thin. The significant intercepts include 1m @ 1.72% LiO2 from 30m, and 2m @ 1.03% LiO2 from 37m.