Top 10 at 11: Gold, copper and gas are what’s bringing us all joy this morning
Stockhead’s Top 10 at 11: a short, sharp update to help frame the trading day.
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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.
Briefly, here’s what’s been happening already this morning: The ASX fell quickly at open this morning, recovering to near zero within 30 minutes of the session starting.
It’s a choppy morning – four sectors that haven’t had a lot of love in recent days are doing well, with Utilities out in front, but Health Care and Consumer Discretionary are weighing on the market today.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Security | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| BPM | BPM Minerals | 0.11 | 120.0 | 10,073,287 | $3,356,111 |
| AL8 | Alderan Resource | 0.003 | 50.0 | 500,000 | $2,545,723 |
| 88E | 88 Energy | 0.002 | 33.3 | 88,107,134 | $43,400,718 |
| PEB | Pacific Edge | 0.15 | 30.4 | 50,000 | $93,370,337 |
| SNX | Sierra Nevada Gold | 0.049 | 22.5 | 3,986,163 | $4,918,653 |
| BLG | Bluglass | 0.03 | 20.0 | 2,399,112 | $45,916,086 |
| LML | Lincoln Minerals | 0.006 | 20.0 | 86,666 | $10,281,298 |
| HMI | Hiremii | 0.053 | 17.8 | 258,459 | $6,065,066 |
| AKN | Auking Mining | 0.007 | 16.7 | 520,203 | $1,912,122 |
| EE1 | Earths Energy | 0.016 | 14.3 | 92,288 | $7,419,499 |
BPM Minerals (ASX:BPM) was moving fast on Wednesday morning on news of high-grade initial drilling results from the second phase of drilling at the Louie Prospect, part of the Claw Gold Project in WA, where initial assays have returned 30m @ 1.84g/t Au (from 25m) including 5m @ 7.12 g/t Au (from 35m).
88 Energy (ASX:88E) was up on news of a Significant Contingent Resource Update for Project Phoenix, with the Gross Best Estimate (2C) Contingent Resources increasing by over 50%, with an additional gross 128 million barrels of oil equivalent (MMBOE), 81 MMBOE Net Entitlement to 88E, added from the SMD-B and SFS reservoirs, comprising 115 million barrels (MMbbl) of Gross recoverable hydrocarbon liquids (oil and natural-gas liquids), 73 MMbbl Net Entitlement to 88 Energy; and 68 billion cubic feet (BCF) of Gross recoverable gas, 43 BCF Net Entitlement to 88 Energy.
Sierra Nevada Gold (ASX:SNX) has reported staking two additional areas prospective for high-grade silver-gold-copper-antimony near its Blackhawk Project, Nevada USA. Initial sampling has returned 1,880g/t Ag from a quartz stockwork zone at Crystal Peak and 31.2g/t Au from G Mine area associated with copper up to 4.94%, while outcropping quartz stockwork zone at Crystal Peak returned high-grade silver results of 1,880 g/t Ag, 752g/t Ag, 485g/t Ag, 427g/t Ag, 142g/t Ag & 141g/t Ag within a 60m x 30m densely quartz veined area.
Hiremii (ASX:HMI) was rising on news that the company has received commitments from new professional and sophisticated investors to raise $600,000 (before costs) via a placement at $0.06 per share, a 33% premium to the company's last closing price. The funds raised will be utilised for the continued development of the Hiremii AI driven recruitment platform, expansion of recruitment service and general working capital.
LAGGARDS
Stocks highlighted in red have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| AAU | Antilles Gold | 0.003 | -25.0 | 9,992,133 | $5,845,711 |
| GTI | Gratifii | 0.003 | -25.0 | 262,500 | $8,596,785 |
| BMO | Bastion Minerals | 0.005 | -16.7 | 200,000 | $3,039,075 |
| ICG | Inca Minerals | 0.005 | -16.7 | 250,000 | $4,863,219 |
| LNR | Lanthanein | 0.003 | -14.3 | 170,000 | $8,552,726 |
| PGM | Platina Resources | 0.02 | -13.0 | 150,000 | $14,333,148 |
| WBE | Whitebark Energy | 0.007 | -12.5 | 300,000 | $2,018,668 |
| SLB | Stelar Metals | 0.082 | -11.8 | 198,975 | $5,910,887 |
| LAM | Laramide | 0.525 | -11.8 | 8,178 | $12,173,244 |
| RIL | Redivium | 0.004 | -11.1 | 370,197 | $12,360,847 |
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Originally published as Top 10 at 11: Gold, copper and gas are what’s bringing us all joy this morning
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