Top 10 at 11: Silver takes the lead, but a cancer-drug competitor is also running hard

Good morning and welcome to 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 somewhere near 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 200 has been on a tear early, rising sharply to its current 0.6% intraday gain, which comes after US stocks hit new highs.

US stocks rallied as the Fed’s 50 bp rate cut yesterday boosted hopes of the US avoiding a recession.

Overnight, the S&P 500 jumped 1.7% to 5,713 points, marking its 39th record this year and bringing its total rise to around 20%.

For more nuanced details, have a read Eddy's Friday-morning Market Highlights.

Here’s what’s moving and shaking on the ASX at the time of writing…

WINNERS

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

Security	Description	Last	%	Volume	MktCap
MTH	Mithril Silver Gold	0.305	49%	8,122,767	$21,130,626
MEL	Metgasco Ltd	0.004	33%	250,491	$4,342,760
MCTDB	Metalicity Limited	0.025	32%	2,499,319	$8,922,525
ATX	Amplia Therapeutics	0.13	31%	554,094	$27,205,033
EEL	Enrg Elements Ltd	0.0025	25%	1,592,003	$2,090,032
AD1	AD1 Holdings Limited	0.006	20%	250,000	$5,486,742
TMG	Trigg Minerals Ltd	0.024	20%	12,762,919	$9,360,026
SUH	Southern Hem Min	0.019	19%	445,318	$11,779,841
LSA	Lachlan Star Ltd	0.14	17%	130,000	$24,908,783
CDT	Castle Minerals	0.0035	17%	3,625,000	$4,118,442

Mithril Silver and Gold (ASX:MTH) is up near 50% at the time of writing this morning. There's a reason for that. The Mexico-focused junior explorer has announced some positive results it describes as "globally significant" stemming from drilling at its Copalquin District project.

Highlights: 144 g/t gold drilled and 1,162 g/t silver over 7 metres, returning the highest-grade intercept drilled at the property to date – 1,180 g/t x m AuEq. Further details below.

• 33m at 31.8 g/t gold, 274 g/t silver from surface, including…
• 7m at 144 g/t gold, 1,162 g/t silver from 18m including…
• 2m at 495 g/t gold, 3,765 g/t silver from 20m+ including…
• 1m at 26.9 g/t gold, 201 g/t silver from 28m.

Meanwhile, Aussie pharma junior Amplia Therapeutics (ASX:ATX) is surging on some FDA-related news. The US Food and Drug Administration has granted Fast Track Designation to Amplia’s lead drug narmafotinib in advanced
pancreatic cancer. This status is deemed super important because it facilitates the development of investigational drugs and allows for expedited review.

LAGGARDS

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

OVT	Ovanti Limited	0.003	-25%	6,427,422	$6,225,393
RBR	RBR Group Ltd	0.0015	-25%	8,250,000	$3,268,809
SI6	SI6 Metals Limited	0.0015	-25%	328,987	$4,737,719
EXL	Elixinol Wellness	0.004	-20%	500	$6,605,912
GTR	Gti Energy Ltd	0.004	-20%	1,948,293	$12,749,735
KNB	Koonenberrygold	0.008	-20%	958,340	$2,877,875
ODE	Odessa Minerals Ltd	0.002	-20%	41,833	$2,608,206
RIL	Redivium Limited	0.004	-20%	125,000	$13,734,274
SFG	Seafarms Group Ltd	0.002	-20%	165,558	$12,091,498
BLG	Bluglass Limited	0.024	-17%	2,017,278	$53,262,660
OVT	Ovanti Limited	0.003	-25%	6,427,422	$6,225,393

Originally published as Top 10 at 11: Silver takes the lead, but a cancer-drug competitor is also running hard