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Top 10 at 11: Nimy soars after ‘clear game-changer’ nickel-copper sulphides find
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Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, 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.
On the agenda today the ABS will release a CPI update at 11.30am AEDT.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Ticker | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| PKO | Peako Limited | 0.01 | 67% | 17,190,370 | $3,162,508.32 |
| SIH | Sihayo Gold Limited | 0.002 | 33% | 265,024 | $18,306,384.27 |
| NIM | Nimy Resources | 0.23 | 28% | 266,815 | $13,944,177.72 |
| 1ST | 1St Group Ltd | 0.01 | 25% | 2,500,000 | $11,335,929.58 |
| SBR | Sabre Resources | 0.04 | 21% | 517,000 | $9,619,044.17 |
| SKN | Skin Elements Ltd | 0.006 | 20% | 292,250 | $2,847,430.48 |
| IVZ | Invictus Energy Ltd | 0.185 | 19% | 5,539,211 | $192,225,860.20 |
| CY5 | Cygnus Metals Ltd | 0.14 | 17% | 118,587 | $34,805,116.68 |
| BFC | Beston Global Ltd | 0.007 | 17% | 303,333 | $11,982,281.35 |
| CAV | Carnavale Resources | 0.007 | 17% | 155,000 | $20,541,310.37 |
Nimy Resources (ASX:NIM) has soared today after a diamond hole at its Mons Project in WA intersected 54m of nickel-copper sulphides from 118m.
Nimy executive director Luke Hampson says the intersection of 54m of substantial sulphide mineralisation is “clearly a game-changer for Nimy”.
“Importantly, the result is entirely consistent with the conductor plates we have modelled using geophysics,” he says.
“In light of this result, we are moving quickly to do DHEM and FLEM surveys to gain further understanding of the size of the intrusive and to locate related anomalies around and below the discovered sulphide zone.”
East Kimberley platinum group element (PGE) focused explorer Peako (ASX:PKO) is also the winners list this morning after announcing its RC drilling program increased the strike length of higher-grade PGE mineralisation at its Brumby Prospect from 180m to 680m. PKO says PGE mineralisation at Brumby now extends over the entire 1.1km of strike length drill tested.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Ticker | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| MTH | Mithril Resources | 0.001 | -33% | 26,315 | $5,053,207 |
| MTL | Mantle Minerals Ltd | 0.002 | -33% | 1,169,251 | $18,442,338 |
| CHM | Chimeric Therapeutic | 0.031 | -24% | 1,328,287 | $21,902,321 |
| MRL | Mayur Resources Ltd | 0.14 | -13% | 112,867 | $52,386,054 |
| ERW | Errawarra Resources | 0.13 | -10% | 203,844 | $10,078,080 |
| EMP | Emperor Energy Ltd | 0.009 | -10% | 4,000 | $2,688,625 |
| SRZ | Stellar Resources | 0.009 | -10% | 287,505 | $10,059,642 |
| EPN | Epsilon Healthcare | 0.027 | -10% | 10,000 | $9,010,620 |
| EPM | Eclipse Metals | 0.01 | -9% | 211,363 | $22,308,658 |
| SI6 | SI6 Metals Limited | 0.005 | -9% | 2,998,990 | $10,966,227 |
Chimeric Therapeutics (ASX:CHM) is down today after announcing an equity raising via a two for three non-renounceable entitlement offer of new fully paid ordinary shares to raise up to $10 million.
The offer price for the entitlement offer will be 2.8 cents/share representing a 21.8% discount to the theoretical ex-rights price 3.6 cents/share. It is also 27.7% discount to the 5-day volume weighted average price (VWAP) of 3.9 cents/share and a 31.7% discount to the last traded price of CHM shares on October 24 of 4.1 cents/share.
