Latest news with #EnrgElements
News.com.au
7 hours ago
- Business
- News.com.au
Top 10 at 11: ASX jumps on open as copper and battery metals rally
Morning, and welcome to Stockhead's Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading. With the market opening at 10am sharp eastern time, the data is taken at 10.15am, once trading kicks off in earnest. In brief, this is what the market has been up to this morning. Resources drive early gains The ASX 200 has jumped 0.42% in the first half hour of trading, with 9 of 11 sectors making gains as of about 10:30 am AEST. The materials sector is leading the charge, building on momentum generated by a rally in lithium and battery metal stocks and a 5.9% jump in James Hardie (ASX:JHX) shares. The construction materials company completed its acquisition of NYSE-listed outdoor living business AZEK today, adding to its extensive portfolio of exterior design brands. Lithium, rare earth and copper stocks are making the biggest moves this morning, including several of the stocks on our small cap winners list… WINNERS Code Name Last % Change Volume Market Cap PKO Peako Limited 0.003 50% 120000 $2,975,484 EEL Enrg Elements Ltd 0.002 33% 792525 $4,880,668 IS3 I Synergy Group Ltd 0.002 33% 620409 $2,253,285 SRN Surefire Rescs NL 0.002 33% 1500000 $3,729,668 LAT Latitude 66 Limited 0.029 26% 10932 $3,298,216 ADG Adelong Gold Limited 0.005 25% 60000 $8,274,707 DY6 Dy6Metalsltd 0.145 23% 1246772 $8,749,344 HOR Horseshoe Metals Ltd 0.025 19% 670720 $14,070,141 BCA Black Canyon Limited 0.16 19% 405899 $17,502,844 ID8 Identitii Limited 0.007 17% 15000 $4,668,081 In the news... Horseshoe Metals (ASX:HOR) is preparing to fire up its direct shipping ore operations for the Horseshoe Lights copper-gold project in WA, after getting the greenlight from the DEMIRS. HOR expects to have boots on the ground within the next few weeks, with sales of existing copper stockpiles to begin shortly thereafter. It's perfect timing for the company, with the price of copper soaring more than 26% in the year to date to reach 10-year highs. Latitude 66 (ASX:LAT) is offloading its 17.5% interest in the Greater Duchess joint venture project, triggering a right of first refusal for JV partner Carnaby Resources (ASX:CNB). LAT is looking to sell its interest for $2m, with some conditional payments on the table of up to $4m in cash or ASX-listed shares. If the project is sold within 90 days of the sale and anyone can get their hands on 100% of the project interest, LAT will be $4m richer; if only a partial sale is made in that time, the company will earn 50% of any proceeds above $4m. LAGGARDS Code Name Last % Change Volume Market Cap AOA Ausmon Resorces 0.001 -50% 111800 $2,622,427 VHL Vitasora Health Ltd 0.03 -23% 3864299 $61,504,061 MMR Mec Resources 0.004 -20% 504034 $9,248,829 PIL Peppermint Inv Ltd 0.002 -20% 100000 $5,752,724 C29 C29Metalslimited 0.015 -17% 1772692 $3,135,388 CUS Coppersearchlimited 0.016 -16% 100593 $3,018,941 RDS Redstone Resources 0.003 -14% 150000 $3,619,936 RNX Renegade Exploration 0.0035 -13% 616666 $5,153,454 CPV Clearvue Technologie 0.14 -13% 368291 $42,980,027 NYM Narryermetalslimited 0.031 -11% 101959 $6,161,918
News.com.au
2 days ago
- Business
- News.com.au
Top 10 at 11: ASX on the up as resource companies drum up drill bit cash
Morning, and welcome to Stockhead's Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading. With the market opening at 10am sharp eastern time, the data is taken at 10.15am, once trading kicks off in earnest. In brief, this is what the market has been up to this morning. ASX makes steady early gains The ASX 200 has climbed 0.25% as of about 10:30 am AEST, with 7 of 11 sectors in the green. Healthcare (+0.77%) is leading gains, but the ASX 200 Banks (+0.55%) and All Tech (+0.48%) indices are also climbing. A fall in gold prices overnight (-1.8%) is applying pressure to resource stocks; the materials sector has shed 0.9% and the ASX 200 Resources index 1.22%. Despite the headwinds for mining stocks, several are making big gains this morning, drumming up fresh finance and preparing for new drilling programs. Let's take a look. WINNERS Code Name Last % Change Volume Market Cap EEL Enrg Elements Ltd 0.002 100% 839101 $3,253,779 WEL Winchester Energy 0.002 100% 165600 $1,363,019 LSR Lodestar Minerals 0.011 83% 15811453 $1,910,543 ADD Adavale Resource Ltd 0.0015 50% 1242527 $2,287,279 AYT Austin Metals Ltd 0.004 33% 2338307 $4,722,574 CTO Citigold Corp Ltd 0.004 33% 50000 $9,000,000 EMT Emetals Limited 0.004 33% 50000 $2,550,000 GTR Gti Energy Ltd 0.004 33% 1475000 $8,996,849 M2R Miramar 0.004 33% 2750614 $2,990,470 MPR Mpower Group Limited 0.009 29% 3334491 $2,405,923 In the news... Lodestar Minerals (ASX:LSR) is looking to follow up on gold hits at the Darwin gold project in Chile with proceeds from a $2.2m two-tranche share placement. LSR is offering shares at 0.06 cents each to clients of lead manager Oakley Capital Partners and at 0.05 cents in a second tranche subject to shareholder approval at the next general meeting. The company is offering two options for every three shares, and will issue one loyalty option to all shareholders on a 1:30 basis once the placement is complete. Adavale Resources (ASX:ADD) is preparing to put drill bit to ground at the London Victoria Mine in NSW, which historically produced gold grades up to 43.8 g/t gold. It's the first exploration at the mine in 30 years; ADD will target shallow extensions to the existing mineral resource estimate, which currently sits at 115,000 ounces of gold. GTI Energy (ASX:GTR) is locking in a $4.5m capital raise after securing firm commitments from investors for a placement at an issue price of 0.035 cents a share, a 16.7% premium to the last close price of 0.030 cents. The money will be funnelled directly to resource expansion and infill drilling at the Lo Herma uranium project. GTR's recent scoping study revealed a potential pre-tax net present value of between $174m and $187m and an internal rate of return of between 52% and 66% for Lo Herma, depending on its development context. LAGGARDS Code Name Last % Change Volume Market Cap IS3 I Synergy Group Ltd 0.2 -5000% 3140000 $2,002,920 CCO The Calmer Co Int 0.2 -3333% 142635 $9,034,060 GMN Gold Mountain Ltd 0.15 -2500% 1503543 $11,239,518 T3D 333D Limited 0.7 -2222% 195 $1,585,651 AUK Aumake Limited 0.2 -2000% 326886 $7,558,397 SKK Stakk Limited 0.4 -2000% 60707 $10,375,398 EMH European Metals Hldg 14.5 -1471% 15520 $35,265,600 HCH Hot Chili Ltd 56.5 -1172% 89413 $97,021,535 BEZ Besragoldinc 4.6 -1154% 174945 $21,605,842 At Stockhead, we tell it like it is. While GTI Energy is a Stockhead advertiser, it did not sponsor this article.
