Top 10 at 11: New gold and recycled lithium are this morning’s headline news

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. Here’s what’s happened so far.

Pre-market, the ASX was expected to open higher this morning after another solid night on Wall Street, and it didn’t disappoint, jumping 0.6% in the first 30 minutes of play.

Looking ahead, we’re all waiting patiently for the latest set of numbers telling us how many visitors there have been to Australia’s shores in recent times.

Will we be back to pre-pandemic levels? Does anyone other than Paul Hogan and Lara Bingle really care? We’ll certainly find out at 11:30am, so stay tuned for this riveting announcement.

WINNERS

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

Security	Description	Last	%	Volume	MktCap
A1G	African Gold	0.095	102.1	28,081,725	$16,871,097
1TT	Thrive Tribe Tech	0.002	33.3	250,000	$917,432
MTL	Mantle Minerals	0.002	33.3	552,525	$9,296,169
SFG	Seafarms Group	0.004	33.3	500,000	$14,509,798
ASQ	Australian Silica	0.032	28.0	82,595	$7,046,509
RIL	Redivium	0.005	25.0	100,000	$10,987,419
CUL	Cullen Resources	0.006	20.0	18,530	$3,467,009
WML	Woomera Mining	0.003	20.0	516,666	$5,137,686
LIT	Lithium Australia	0.025	19.0	9,569,268	$27,326,469
CDT	Castle Minerals	0.0035	16.7	433,704	$4,118,442

African Gold (ASX:A1G) was up on news of drilling results, which included a “spectacular, wide, high-grade intercept” of 65.0m at 5.6 g/t of gold from 177m, along with shallow intercepts of 9.0m at 1.7 g/t of gold from 23m, and 28m at 1.1 g/t of gold from 77m.

There have also been changes to the company’s board announced this morning, with Adam Oehlman stepping in as Chief Executive Officer, and Phillip Gallagher set to step down as Managing Director.

Lithium Australia (ASX:LIT) was up after releasing its quarterly report this morning, featuring news that recycling operations have generated revenue of ~A$2.5m and gross profit of ~A$1.7m, representing a record gross profit margin of 70%, while also continuing to achieve operating cash profits.

LAGGARDS

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

Code	Company	Price	%	Volume	Market Cap
PRX	Prodigy Gold	0.002	-33.3	57,333	$6,997,367
BCM	Brazilian Critical	0.007	-22.2	7,756,584	$7,476,655
PUA	Peak Minerals	0.002	-20.0	2,217,312	$6,242,776
TMK	TMK Energy	0.002	-20.0	36,219	$18,979,030
VML	Vital Metals	0.002	-20.0	55,454	$14,737,667
AJX	Alexium Int Group	0.011	-15.4	100,000	$20,460,424
HHR	Hartshead Resources	0.006	-14.3	2,500,000	$19,660,775
SMP	Smartpay Holdings	0.735	-13.5	211,228	$205,651,944
M2R	Miramar	0.007	-12.5	300,000	$3,174,586
NIS	Nickelsearch	0.014	-12.5	8,015,430	$4,867,578