Top 10 at 11: Locksley locks in as ASX ticks up in early trade

Morning, and welcome to Stockhead’s Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading.

With the market opening at 10am sharp eastern time, the data is taken at 10:15, once trading kicks off in earnest.

In brief, this is what the markets have been up to this morning.

As predicted earlier by Eddy “Soothsayer” Sunarto, the ASX has indeed jumped out of bed with a spring in step, rising 0.44% higher at the time of writing.

As is so often the case, the local benchmark has taken its cues this morning from the US of A. Overnight, Wall Street came back from the long weekend with a bit of pep in its own step.

“The S&P 500 leapt 2% in a late-session rally, while the Nasdaq 100 added 2.5%, powered by a combo of tariff détente and consumers rediscovering their confidence,” reported Eddy earlier.

The Dow Jones Industrial Average meanwhile added 741 points.

What else? For those interested in magic internet money, it’s overall pace setter – Bitcoin – is still in good shape, maintaining a level not too far off its all-time high. It’s hovering just above US$109,000 at the time of writing.

As for the Aussie dollar, that’s trading around US64.50c.

Winners

Locksley Resources (ASX:LKY) has announced firm commitments for a heavily subscribed placement to sophisticated and institutional investors, raising approximately $1.47 million at $0.04 per share.

This funding will go straight towards the company’s upcoming exploration campaign including drilling at the Mojave antimony and rare earths project  in California, USA.

Field work to be carried out by the Locksley team includes confirmation and pegging of drill collar locations, follow-up outcrop mapping and rock chip sampling across antimony, REE, polymetallic, and copper prospects, and additional surface geochemistry and further structural mapping.

Laggards

Ovanti (ASX:OVT), a fintech player with a $5.6m market cap, has made an announcement this morning regarding its BNPL CEO hiring process and the sale of the company’s interest in IDSB. The latter is a specialised finance company focusing on providing instalment-based consumer credit services to civil servants for and on behalf of Malaysian banks.

Redstone Resources (ASX:RDS) meanwhile has successfully completed a private placement to raise $600,000 (before costs) to advance drilling and exploration at its West Musgrave copper project in WA. Redstone is currently completing the deep diamond hole (TLD005) of up to 1,200m at the Chatsworth prospect, which is designed to penetrate deep beneath the high-grade Tollu Cu deposit.

At Stockhead we tell it like it is. While Locksley Resources is a Stockhead advertiser at the time of writing, it did not sponsor this article.