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 – and lucky ol’ me gets to try to get a sense of what’s happening.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| RGS | Regeneus Ltd | 0.007 | 75% | 3,666,881 | $1,225,748 |
| DAL | Dalaroo Metals | 0.042 | 45% | 7,369,410 | $2,366,400 |
| AVW | Avira Resources Ltd | 0.002 | 33% | 2,260,049 | $3,200,685 |
| MCT | Metalicity Limited | 0.002 | 33% | 3,130,000 | $6,376,629 |
| SIS | Simble Solutions | 0.004 | 33% | 100,000 | $1,808,852 |
| KP2 | Kore Potash PLC | 0.01 | 25% | 200,000 | $5,352,460 |
| CNJ | Conico Ltd | 0.006 | 20% | 15,000 | $7,850,475 |
| GTG | Genetic Technologies | 0.003 | 20% | 3,400,000 | $28,854,145 |
| LVT | Livetiles Limited | 0.006 | 20% | 455,670 | $5,885,553 |
| PKO | Peako Limited | 0.006 | 20% | 2,500,000 | $2,635,424 |
Regeneus (ASX:RGS) is up this morning on the heels of the company’s AGM yesterday, where – among other things – shareholders voted to allow the company to transfer 700,000 shares of unlisted biotech Sangui Bio as part of a debt settlement with Paddington St Finance.
Dalaroo Metals (ASX:DAL) is on the rise this morning, on news that Delta Lithium (ASX:DLI) has coughed up a cool $1 million for Dalaroo’s lithium mineral rights at the Lyons River project in WA, leaving Dalaroo with $500,000 worth of Delta shares, and $500,000 folding money to spend on its Goodbody gold prospect, Browns base metal prospect and the View Hill REE prospect.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| CLE | Cyclone Metals | 0.0015 | -25% | 2,829,066 | $20,529,010 |
| IEC | Intra Energy Corp | 0.003 | -25% | 180,000 | $6,643,126 |
| PRS | Prospech Limited | 0.033 | -20% | 1,847,008 | $9,010,159 |
| RR1 | Reach Resources Ltd | 0.005 | -17% | 2,872,696 | $19,261,783 |
| HCD | Hydrocarbon Dynamic | 0.006 | -14% | 500,000 | $4,547,661 |
| NPMDA | Newpeak Metals | 0.024 | -14% | 784,891 | $2,798,762 |
| YAR | Yari Minerals Ltd | 0.012 | -14% | 306,950 | $6,753,009 |
| EPM | Eclipse Metals | 0.008 | -11% | 949,000 | $18,562,988 |
| ALY | Alchemy Resource Ltd | 0.009 | -10% | 81,329 | $11,780,763 |
| IPB | IPB Petroleum Ltd | 0.009 | -10% | 46,000 | $5,651,224 |
Prospech (ASX:PRS) is showing a dip this morning on news of a share purchase plan, that would allow shareholders to nab up to $30,000 worth of new Prospech shares at an issue price of $0.031, well below yesterday’s closing price of $0.041.
Intra Energy (ASX:IEC) is also showing a dip, following the company’s recent AGM. Shareholders there have voted in favour of a 10% placement facility and the issuing of a tranche of adviser and director options.
Eclipse Metals (ASX:EPM) is lower this morning, despite announcing that rare earth mineralisation at the company’s Grønnedal project in Greenland “extends over 5 km by 2km, with an exploration target focusing on 3 km by 800 m of ferrocarbonatite”.