Top 10 at 11: Rich gold vein and a zinc mine for sale are the news today
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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 – for better or worse – and then I do my best to make sense of who’s moving where and why it might be happening.
Anyway… here’s what’s been happening since the doors were opened this morning…
The ASX got crunched to an early loss this morning, and by 10.30am the benchmark was slightly improved at -1.01%.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Security | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| FG1 | Flynngold | 0.041 | 57.7 | 16,001,645 | $6,618,162 |
| MCT | Metalicity Limited | 0.003 | 50.0 | 114,593 | $8,971,705 |
| AUK | Aumake Limited | 0.004 | 33.3 | 8,837,388 | $5,743,220 |
| SIS | Simble Solutions | 0.004 | 33.3 | 776,399 | $2,260,352 |
| MTL | Mantle Minerals Ltd | 0.0025 | 25.0 | 769,001 | $12,394,892 |
| OVT | Ovanti Limited | 0.005 | 25.0 | 825,610 | $4,960,422 |
| PNX | PNX Metals Limited | 0.005 | 25.0 | 8,001 | $23,880,859 |
| RNE | Renu Energy Ltd | 0.005 | 11.1 | 600,000 | $3,267,603 |
| VRC | Volt Resources Ltd | 0.005 | 25.0 | 65,000 | $16,634,713 |
| REZ | Resourc & En Grp Ltd | 0.02 | 14.3 | 2,074,778 | $11,316,185 |
Flynn Gold (ASX:FG1) was an early leader on Friday morning after delivering news of a new high-grade gold discovery in Northeastern Tasmania, at the company’s Golden Ridge project. Drilling has revealed a gold vein zone in trenching 250m north of the Trafalgar mine, with 17 out of 36 grab rock chip samples assayed at over 10g/t Au, including 99.4g/t Au, 76.6g/t Au and 67.1g/t Au.
Metalicity (ASX:MCT) was up on news that it has appointed Argonaut PCF to seek indicative offers for its Admiral Bay Zinc Project, located in the Canning Basin, Kimberley Region of Western Australia, which the company says “hosts one of the largest zinc resources in the world, based on existing JORC 2012 compliant mineral resource (170mt @ 7.5% Zn eq)”.
LAGGARDS
Stocks highlighted in red have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| 88E | 88 Energy Ltd | 0.002 | -33.3 | 833,347 | $86,678,016 |
| NTM | Nt Minerals Limited | 0.008 | -33.3 | 2,234,101 | $12,208,835 |
| RIL | Redivium Limited | 0.002 | -33.3 | 21,538,865 | $8,192,564 |
| AAU | Antilles Gold Ltd | 0.003 | -25.0 | 4,000,000 | $5,845,711 |
| TMK | TMK Energy Limited | 0.003 | -25.0 | 799,998 | $27,686,448 |
| ROG | Red Sky Energy. | 0.004 | -20.0 | 941,008 | $27,111,136 |
| SIH | Sihayo Gold Limited | 0.002 | -20.0 | 40,000 | $30,510,640 |
| ATH | Alterity Therap Ltd | 0.005 | -16.7 | 9,475,769 | $31,470,692 |
| BNL | Blue Star Helium Ltd | 0.005 | -16.7 | 694,960 | $11,669,312 |
| MCL | Mighty Craft Ltd | 0.005 | -16.7 | 1,127,030 | $2,213,456 |
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