Stockhead’s Top 10 at 11, published at ~10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live 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).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| SGA | Sarytogan | 0.28 | 51% | 1,763,332 | $14,235,733 |
| CLE | Cyclone Metals | 0.0015 | 50% | 1,099,114 | $10,264,505 |
| KNB | Koonenberry Gold | 0.05 | 25% | 5,000 | $3,030,258 |
| MRD | Mount Ridley Mines | 0.0025 | 25% | 2,175,017 | $15,569,766 |
| MXC | MGC Pharmaceuticals | 0.0025 | 25% | 352,784 | $7,784,719 |
| BMO | Bastion Minerals | 0.026 | 24% | 8,503,626 | $3,639,809 |
| TMX | Terrain Minerals | 0.006 | 20% | 20,000 | $5,415,997 |
| FRE | Firebrick Pharma | 0.34 | 19% | 27,127 | $32,351,547 |
| BUX | Buxton Resources Ltd | 0.155 | 19% | 117,000 | $22,266,214 |
| AD1 | AD1 Holdings Limited | 0.007 | 17% | 250,000 | $4,935,414 |
Sarytogan Graphite (ASX:SGA) is topping the winners list after announcing that thermal purification of Sarytogan Graphite achieved 99.99% total graphitic carbon (TGC) for samples from its graphite deposit in Central Kazakhstan. That’s far in excess of battery anode material grade.
The company says Pre-Feasibility Study (PFS) is underway that will evaluate chemical vs thermal purification flowsheet options.
Also on the winners list today is Bastion Minerals (ASX:BMO) after inking a binding Letter of Intent (LOI) with Hot Chili (ASX:HCH) for an option for HCH to buy the Cometa Copper Project in Chile for up to US$3.3 million in cash.
BMO says the divestment will enable it to realise near term value for shareholders from the Cometa Copper Project and focus on the highly prospective Canadian Lithium Project and Swedish Rare Earth Element (REE) Project.
The explorer says it has received confirmation from the ASX that shareholder approval is not required for the divestment of the Cometa Copper Project.
BMO says lithium exploration results are due in Q3, with Canadian geological consultancy Orix Geoscience Inc onsite at the McCombe North and Raleigh Lake Lithium Projects in Ontario, Canada.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| CHK | Cohiba Minerals | 0.003 | -25% | 850,000 | $8,852,977 |
| YPB | YPB Group Ltd | 0.003 | -25% | 230,000 | $2,973,846 |
| OPT | Opthea Limited | 0.45 | -20% | 455,493 | $264,234,719 |
| APX | Appen Limited | 1.82 | -19% | 2,914,303 | $351,504,382 |
| IMD | Imdex Limited | 1.495 | -17% | 941,653 | $912,957,473 |
| AVM | Advance Metals Ltd | 0.005 | -17% | 52,666 | $3,531,352 |
| SI6 | SI6 Metals Limited | 0.005 | -17% | 1,799,999 | $11,963,157 |
| TIG | Tigers Realm Coal | 0.005 | -17% | 72,500 | $78,400,214 |
| CR9 | Corellares | 0.026 | -16% | 34,466 | $14,417,817 |
| WSP | Whispir Limited | 0.37 | -16% | 19,393 | $52,006,077 |
Biotech Opthea (ASX:OPT) has announced as a result of strong demand from both existing and new domestic and offshore institutional investors it has accepted an additional $10 million in oversubscriptions for its placment.
The placement size is now $20 million and the total size of the capital raising is $90 million. OPT says the placement and institutional entitlement offer raised a~$73.7 million.
The fully underwritten Retail Entitlement Offer will raise a ~$16.3m further and open on August 31, 2023 and close at 5pm (AEST) on September 14, 2023.