Top 10 at 11: Gold, green hydrogen and share consolidations are today’s hot gossip

Stockhead’s Top 10 at 11: a short, sharp update to help frame the trading day.

Pic via Getty Images

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 finished yesterday flat after the RBA surprised absolutely no one by doing absolutely nothing to interest rates, which remain at 4.35% after yesterday’s RBA call.

Wall Street hit new highs overnight, and this morning, the ASX opened higher with the Materials sector surging 2.0% early on renewed interest among commodities, driven by China’s announcement of measures that suggest that Beijing might finally be trying functional measures to stop its economy from sliding into the sea.

WINNERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).

Security	Description	Last	%	Volume	MktCap
RNE	Renu Energy	0.002	100.0	4,007,337	$804,134
WGR	Western Gold Res	0.047	62.1	14,034,017	$4,940,297
CTN	Catalina Resources	0.003	20.0	1,000,000	$3,096,217
ECT	Env Clean Tech	0.003	50.0	21,000	$6,343,621
SI6	SI6 Metals	0.002	50.0	1,808,315	$2,368,859
NRZ	Neurizer	0.004	33.3	1,217,447	$6,543,358
YAR	Yari Minerals	0.004	33.3	570,000	$1,447,073
CCZ	Castillo Copper	0.005	25.0	224,241	$5,198,021
LRL	Labyrinth Resources	0.016	23.1	5,727,589	$50,007,235
GBR	Greatbould Resources	0.059	20.4	5,288,427	$29,777,122

ReNu Energy (ASX:RNE) doubled up (from $0.001 to $0.002) on news that it has entered into a binding Grant Deed with the Tasmanian Government for the award of up to $8 million of funding for its Tasmanian green hydrogen project, to be paid on delivery of green hydrogen to customers.

Western Gold Resources (ASX:WGR) was up after the company published a positive Scoping Study for its Gold Duke project in Western Australia, noting that the study has only assessed the economics based on mining 51% of the current published 2.9Mt @ 2.07g/t for 234,000oz gold mineral resource of Gold Duke.

Si6 Metals (ASX:SI6) announced plans to undertake a non-renounceable rights issue of one (1) fully paid ordinary share in the capital of the company for every two (2) shares held by eligible shareholders at an issue price of $0.001 per share (pre-consolidation) or $0.02, with funds raised to go towards exploration programs at the Lithium Valley (lithium), Pimento (rare earth elements) and Monument (gold) projects and for general working capital purposes.

Great Boulder Resources (ASX:GBR) revealed that infill and extensional RC drilling at its Mulga Bill project has intersected more extremely high gold grades, extending the resource and adding thickness and grade to existing lodes. Highlights include 5m @ 43.13/t Au from 185m, including 2m @ 102.80/t Au from 186m, and 5m @ 40.61g/t Au from 256m, including 1m @ 194.50g/t Au from 258m.

LAGGARDS

Stocks highlighted in red have made market-moving announcements (click headings to sort).

Code	Company	Price	%	Volume	Market Cap
88E	88 Energy	0.002	-33.3	36,983,676	$86,801,436
ALR	Altair Minerals	0.003	-25.0	7,575,551	$17,186,310
EDE	Eden Inv	0.002	-25.0	1,559,077	$8,216,419
SMM	Somerset Minerals	0.003	-25.0	1,000,666	$4,123,995
AIV	ActiveX	0.004	-20.0	1,990	$1,077,513
NVA	Nova Minerals	0.135	-18.2	1,630,392	$40,186,885
LEG	Legend Mining	0.012	-14.3	155,000	$40,732,681
NOR	Norwood Systems	0.03	-14.3	77,417	$16,632,925
NVU	Nanoveu	0.02	-13.0	30,000	$11,613,222
RIL	Redivium	0.004	-12.5	19,750	$10,987,419

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, green hydrogen and share consolidations are today’s hot gossip