It's a sad old Thursday morning, so welcome to frown town. Pic via Getty Images.
Top 10 at 11: Little diggers are doing their best on rocky Thursday morning
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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 lower this morning, with the benchmark falling sharply at open and sinking lower still to be down -1.6% at 10.30am – but there are a handful of small caps on hand to bring us a few shards of good news.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| BVR | Bellavistaresources | 0.200 | 18% | 241,786 | $13,339,747 |
| BMO | Bastion Minerals | 0.007 | 17% | 2,484,309 | $2,610,503 |
| ICG | Inca Minerals Ltd | 0.007 | 17% | 337,271 | $4,828,433 |
| PUR | Pursuit Minerals | 0.004 | 17% | 350,000 | $10,906,200 |
| FG1 | Flynngold | 0.029 | 16% | 210,636 | $6,363,617 |
| AUZ | Australian Mines Ltd | 0.008 | 14% | 94,977 | $9,789,585 |
| NC1 | Nicoresourceslimited | 0.140 | 12% | 7,000 | $13,681,322 |
| BCK | Brockman Mining Ltd | 0.020 | 11% | 1 | $167,044,178 |
| KAI | Kairos Minerals Ltd | 0.010 | 11% | 117,249 | $23,588,210 |
| ARR | American Rare Earths | 0.270 | 10% | 404,739 | $120,888,708 |
| FBM | Future Battery | 0.033 | 10% | 710,000 | $19,868,278 |
| GEN | Genmin | 0.115 | 10% | 87,565 | $71,949,091 |
| DLI | Delta Lithium | 0.240 | 9% | 363,406 | $156,949,571 |
| LM1 | Leeuwin Metals Ltd | 0.050 | 9% | 32,000 | $2,155,177 |
| GRE | Greentechmetals | 0.140 | 8% | 18,797 | $10,800,397 |
| PNN | Power Minerals Ltd | 0.140 | 8% | 3,642 | $12,038,655 |
| CLA | Celsius Resource Ltd | 0.014 | 8% | 178,637 | $31,562,866 |
| BKT | Black Rock Mining | 0.057 | 8% | 659,603 | $66,319,884 |
| HIO | Hawsons Iron Ltd | 0.029 | 7% | 27,332 | $27,240,991 |
| LU7 | Lithium Universe Ltd | 0.015 | 7% | 126,761 | $7,093,990 |
| GLA | Gladiator Resources | 0.017 | 6% | 34,000 | $12,132,749 |
| JRV | Jervois Global Ltd | 0.017 | 6% | 302,203 | $43,244,221 |
| GDM | Greatdivideminingltd | 0.265 | 6% | 754 | $6,812,500 |
| MKR | Manuka Resources. | 0.039 | 5% | 1,152,373 | $28,112,212 |
Bellavista Resources (ASX:BVR) held the early lead on Thursday morning, on news that the company has firm commitments for an unbrokered $1.2 million cap raise to new and existing shareholders and institutional investors, at $0.15 per share – a handy 12% discount to the company’s recent close at $0.17 a pop.
Bastion Minerals (ASX:BMO) released happy news that it has found more high-grade rare earths at its Gyttorp project in Sweden. Assays confirmed TREE+Y up to 8.3% from actinolite skarn, in line with previously announced xPRF results from the site.
Flynn Gold (ASX:FG1) reported that a maiden soil sampling program has outlined four high priority lithium anomalies at the Forrestania Project near the Mt Holland Lithium Mine in Western Australia, measuring in up to 4,200m in length and 500m in width.
And NICO Resources (ASX:NC1) has announced that recent bench scale metallurgical testwork has delivered improved results and the production of a nickel-cobalt Mixed Hydroxide Precipitate (“MHP”) from Wingellina ore, with improved leaching kinetics and a <10% reduction in acid consumption, which means an improvement in head grade of up to 10% through the ore preparation circuit now achievable.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| OAR | OAR Resources Ltd | 0.001 | -50% | 875,297 | $6,444,200 |
| JAV | Javelin Minerals Ltd | 0.001 | -33% | 248,000 | $3,751,846 |
| MTB | Mount Burgess Mining | 0.002 | -25% | 156,666 | $2,596,294 |
| IMI | Infinitymining | 0.012 | -20% | 9,492 | $1,781,301 |
| AMD | Arrow Minerals | 0.002 | -20% | 3,699,964 | $26,348,413 |
| POS | Poseidon Nick Ltd | 0.004 | -20% | 523,655 | $18,567,674 |
| ALY | Alchemy Resource Ltd | 0.005 | -17% | 320,000 | $7,068,458 |
| AZY | Antipa Minerals Ltd | 0.009 | -14% | 16,455,624 | $43,465,269 |
| LNR | Lanthanein Resources | 0.003 | -14% | 300,000 | $8,552,726 |
| QXR | Qx Resources Limited | 0.006 | -14% | 39,963 | $7,770,545 |
| HOR | Horseshoe Metals Ltd | 0.008 | -11% | 177,770 | $5,846,208 |
| GTR | Gti Energy Ltd | 0.005 | -10% | 884,376 | $10,249,735 |
| EFE | Eastern Resources | 0.005 | -9% | 400,000 | $6,830,706 |
| ARV | Artemis Resources | 0.011 | -8% | 5,600 | $21,170,354 |
| ENV | Enova Mining Limited | 0.011 | -8% | 231,999 | $11,495,152 |
| EVR | Ev Resources Ltd | 0.006 | -8% | 230,555 | $7,927,629 |
| ADV | Ardiden Ltd | 0.120 | -8% | 12,249 | $8,127,276 |
| EMU | EMU NL | 0.026 | -7% | 501 | $2,169,803 |
| REE | Rarex Limited | 0.013 | -7% | 80,384 | $11,061,842 |
| MGU | Magnum Mining & Exp | 0.014 | -7% | 3,000 | $12,140,421 |
| PVT | Pivotal Metals Ltd | 0.014 | -7% | 159,603 | $10,561,774 |
| RHK | Red Hawk Mining Ltd | 0.815 | -6% | 13,207 | $173,835,987 |
| EQN | Equinoxresources | 0.305 | -6% | 80,000 | $40,137,501 |
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