Top 10 at 11: 111g/t gold find tops the goods news list this morning

Good morning, and welcome to Stockhead’s Top 10 at 11-ish, 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 – 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 is down slightly this morning. I'm blaming you for it, this time.

WINNERS

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

Code	Description	Last	%	Volume	MktCap
WML	Woomera Mining Ltd	0.003	50.0	1,926,861	$2,436,278
EQS	Equitystorygroupltd	0.021	40.0	12,500	$1,634,902
M2M	Mtmalcolmminesnl	0.045	28.6	21,857,137	$6,447,897
ASR	Asra Minerals Ltd	0.005	25.0	350,000	$8,144,317
LRL	Labyrinth Resources	0.005	25.0	2,772,012	$4,750,175
AQC	Auspaccoal Ltd	0.087	22.5	17,726	$37,899,866
DMG	Dragon Mountain Gold	0.006	20.0	8,178	$1,973,358
WIN	WIN Metals	0.026	18.2	914,679	$7,021,433
MPA	Mad Paws	0.070	16.7	91,496	$24,364,743
PUR	Pursuit Minerals	0.004	16.7	1,227,746	$10,906,200

Mt Malcolm Mines (ASX:M2M) was soaring Friday morning after hitting “unprecedented” gold results from its recent Grade Control RC drilling campaign at the Golden Crown Prospect. The company reported highlights such as 14m @ 16.78g/t Au from 4m, including 1m @ 111g/t Au, and 6m @ 36.75g/t Au.

That’s not a typo – it really says 111g/t.

Meanwhile, MRG Metals (ASX:MRQ) was down on news it had completed a $800,000 capital raising comprising a Placement of 177.7 million fully paid ordinary shares at $0.0045 per share.

Likewise, Trigg Mining (ASX:TMG) was down on news it has binding commitments for a share placement to sophisticated, professional and institutional investors, which received strong interest, allowing the company to raise $600,000.

And Strike Resources (ASX:SRK) was down after releasing a company update, outlining roughly what the company’s plans for the future are.

LOSERS

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

Code	Company	Price	%	Volume	Market Cap
ME1	Melodiol Glb Health	0.002	-33.3	8,337,027	$691,387
BCT	Bluechiip Limited	0.004	-20.0	62,625	$5,910,198
GMN	Gold Mountain Ltd	0.002	-20.0	2,200	$7,944,359
MRQ	Mrg Metals Limited	0.004	-20.0	77,615,311	$12,625,593
TMG	Trigg Minerals Ltd	0.010	-16.7	50,088	$5,168,168
RNX	Renegade Exploration	0.009	-15.0	299,872	$12,800,534
ECT	Env Clean Tech Ltd.	0.003	-14.3	33,025	$11,101,336
MOH	Moho Resources	0.006	-14.3	103,728	$3,774,247
PWN	Parkway Corp Ltd	0.008	-11.1	390,552	$24,904,025
SRK	Strike Resources	0.032	-11.1	477,607	$10,215,000

Originally published as Top 10 at 11: 111g/t gold find tops the goods news list this morning