Top 10 at 11: Major gold sales, more lithium, black coffee and a bran muffin sets the ASX moving

Stockhead’s Top 10 at shortly-before-11-ish, published once the market’s managed to get out of first gear, and stop bunny-hopping its way down the road emitting the unmistakable stink of a burning clutch, and the equally unmistakable screams of a driving instructor who is 100% certain they are about to meet their maker.

Top 10 highlights the best (and sometimes worst) performing ASX stocks in morning trade using live, fresh out of the deep-fryer data.

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).

Besra Gold (ASX:BEZ) – Up on news the company has agreed to sell to Quantum a quantity of refined gold from the Bau Gold Project, up to 3,000,000oz or a value of US$300,000,000, whichever comes first.

Alderan Resources (ASX:AL8) – Up on news the company has acquired 100% ownership of seven lithium exploration projects consisting of 24 granted exploration licences covering 472km2 in Brazil’s Eastern Lithium Belt.

Sezzle (ASX:SZL) – Up following a healthy business report for the month of August, showing a 44.3% YoY and 11.7% MoM increase in income to $21.6 million.

OzAurum Resources (ASX:OZM) – Up sharply on news that OZM has raised $2.4 million (before costs) via a share placement through the issue of 31,750,000 new shares.

Global Oil and Gas (ASX:GLV) – Up on yesterday’s news that GLV and JV partner Jaguar have put a team together to start work on exploring its new 4,858km2 offshore oil and gas opportunity off the coast of Peru.

Desoto Resources (ASX:DES) – Continuing this week’s climb on news from Copperfield and its Fenton project.

Sprintex (ASX:SIX) – Up on no news.

LOSERS

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

Alligator Energy (ASX:AGE) – Down this morning after showing it’s received firm commitments to raise $25.5M via placement to institutional and sophisticated investors at $0.052 per share.

Basin Energy (ASX:BSN) – Down on news that it’s hit uranium mineralisation up to 0.27% in 4 from 8 drillholes at Geikie.

Artemis Resources (ASX:ARV) – Falling on no news.