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Top 10 at 11: ASX bounces out the gate as resources stocks surge
Top 10 at 11: ASX bounces out the gate as resources stocks surge

News.com.au

time16 hours ago

  • Business
  • News.com.au

Top 10 at 11: ASX bounces out the gate as resources stocks surge

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 200 Resources soars on open After a week of wait-and-see gloom surrounding the Iran-Israel conflict and a tentative ceasefire, the ASX has finally found its feet. The ASX 200 has jumped 0.61% out of the gate as of about 10:30 am, driven by strong momentum in the ASX 200 Resource index (+2.39%) and the wider materials sector (+2.6%). There's also momentum building in info tech (+0.94%), telecommunications (+0.9%) and energy (+0.71%). Gold and oil both tipped up marginally overnight, adding 0.1%. Brent has since risen again slightly, adding another $0.10 or so to US$67.86 a barrel. Both US and European markets moved higher overnight, perhaps indicating that the international economy has found an equilibrium again… at least for now. To no one's surprise, it's resource stocks dominating our Top 10 movers this morning… WINNERS Code Name Last % Change Volume Market Cap RAN Range International 0.003 200% 4069177 $939,290 PAB Patrys Limited 0.002 100% 393635 $2,365,810 AGY Argosy Minerals Ltd 0.021 40% 22311990 $21,838,814 AN1 Anagenics Limited 0.005 25% 200000 $1,985,281 UVA Uvrelimited 0.105 22% 161687 $5,177,200 HTG Harvest Tech Grp Ltd 0.018 20% 882715 $13,439,201 PKD Parkd Ltd 0.03 20% 38070 $2,600,347 AZL Arizona Lithium Ltd 0.006 20% 577777 $26,351,572 BLZ Blaze Minerals Ltd 0.003 20% 333000 $4,446,160 LCL LCL Resources Ltd 0.006 20% 625030 $5,996,286 In the news... Argosy Minerals (ASX:AGY) has offloaded 60 metric tonnes of battery quality lithium carbonate in an offtake deal with a Hong Kong based chemical company. Management says it's joined an exclusive group of lithium carbonate product exporters at a challenging time for the industry, reflecting the strong fundamentals of its Rincon lithium project in the lithium triangle. Uvre (ASX:UVA) has produced some quality gold results in rock chips from its New Zealand gold project; 18.4 g/t gold at the Waitekauri project on the North Island, and 9.3 g/t from the Oturehua project on the South Island. UVA is in the midst of acquiring Waitekauri through the purchase of Otagold Ltd. As part of the transaction, Norm Seckold and Peter Nightingale will join the board as non-executive directors. Seckold has extensive resources experience. He currently holds chair positions with Alpha HPA (ASX:A4N), Nickel Industries (ASX:NIC), Fulcrum Lithium (ASX:FUL) and Sky Metals (ASX:SKY). LAGGARDS Code Name Last % Change Volume Market Cap ALR Altairminerals 0.002 -33% 200000 $12,890,233 EEL Enrg Elements Ltd 0.001 -33% 600001 $4,880,668 VN8 Vonex Limited. 0.017 -29% 455824 $18,062,485 TYX Tyranna Res Ltd 0.003 -25% 49950 $13,153,701 ADR Adherium Ltd 0.005 -17% 800 $5,390,874 TEG Triangle Energy Ltd 0.0025 -17% 977439 $6,267,702 AVD Avada Group Limited 0.12 -14% 123705 $11,890,904 SRJ SRJ Technologies 0.006 -14% 477590 $4,239,047 VAR Variscan Mines Ltd 0.006 -14% 34482 $5,480,004 At Stockhead, we tell it like it is. While Uvre is a Stockhead advertiser, it did not sponsor this article.

Top 10 at 11: Locksley locks in as ASX ticks up in early trade
Top 10 at 11: Locksley locks in as ASX ticks up in early trade

News.com.au

time28-05-2025

  • Business
  • News.com.au

Top 10 at 11: Locksley locks in as ASX ticks up in early trade

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 10:15, once trading kicks off in earnest. In brief, this is what the markets have been up to this morning. As predicted earlier by Eddy "Soothsayer" Sunarto, the ASX has indeed jumped out of bed with a spring in step, rising 0.44% higher at the time of writing. As is so often the case, the local benchmark has taken its cues this morning from the US of A. Overnight, Wall Street came back from the long weekend with a bit of pep in its own step. "The S&P 500 leapt 2% in a late-session rally, while the Nasdaq 100 added 2.5%, powered by a combo of tariff détente and consumers rediscovering their confidence," reported Eddy earlier. The Dow Jones Industrial Average meanwhile added 741 points. What else? For those interested in magic internet money, it's overall pace setter – Bitcoin – is still in good shape, maintaining a level not too far off its all-time high. It's hovering just above US$109,000 at the time of writing. As for the Aussie dollar, that's trading around US64.50c. Winners Code Name Last % Change Volume Market Cap PAB Patrys Limited 0.002 100% 1000000 2057447.335 SFG Seafarms Group Ltd 0.002 100% 501490 4836599.179 AYM Australia United Min 0.003 50% 5691768 3685154.97 SKN Skin Elements Ltd 0.003 50% 185172 2150428.23 VML Vital Metals Limited 0.003 50% 25000 11790133.9 LKY Locksleyresources 0.07 43% 44401746 7186666.585 BMO Bastion Minerals 0.002 33% 500000 1355441.346 PVT Pivotal Metals Ltd 0.008 33% 7427489 5443355.25 TFL Tasfoods Ltd 0.004 33% 123592 1311286.548 TYX Tyranna Res Ltd 0.004 33% 171559 9865275.975 Locksley Resources (ASX:LKY) has announced firm commitments for a heavily subscribed placement to sophisticated and institutional investors, raising approximately $1.47 million at $0.04 per share. This funding will go straight towards the company's upcoming exploration campaign including drilling at the Mojave antimony and rare earths project in California, USA. Field work to be carried out by the Locksley team includes confirmation and pegging of drill collar locations, follow-up outcrop mapping and rock chip sampling across antimony, REE, polymetallic, and copper prospects, and additional surface geochemistry and further structural mapping. Laggards Code Name Last % Change Volume Market Cap VPR Voltgroupltd 0.001 -50% 3734322 21432416.42 CCO The Calmer Co Int 0.002 -33% 5600 9033947.28 OVT Ovanti Limited 0.002 -33% 33025261 8380545.003 RDS Redstone Resources 0.005 -29% 5888000 6477649.22 ADD Adavale Resource Ltd 0.0015 -25% 1077472 4574558.444 MGU Magnum Mining & Exp 0.006 -25% 4252437 8973206.712 POD Podium Minerals 0.029 -22% 1874628 25212192.61 ADY Admiralty Resources. 0.004 -20% 111653 13147397 AMS Atomos 0.004 -20% 39938 6075092.355 MEL Metgasco Ltd 0.002 -20% 30112 3643966.863 Ovanti (ASX:OVT), a fintech player with a $5.6m market cap, has made an announcement this morning regarding its BNPL CEO hiring process and the sale of the company's interest in IDSB. The latter is a specialised finance company focusing on providing instalment-based consumer credit services to civil servants for and on behalf of Malaysian banks. Redstone Resources (ASX:RDS) meanwhile has successfully completed a private placement to raise $600,000 (before costs) to advance drilling and exploration at its West Musgrave copper project in WA. Redstone is currently completing the deep diamond hole (TLD005) of up to 1,200m at the Chatsworth prospect, which is designed to penetrate deep beneath the high-grade Tollu Cu deposit.

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