ASX Top 10 Momentum Stocks: 13 July 2023 - Finer Market PointsNYSE:ARL AMEX:EMC ASX:AW1 NASDAQ:SLM NYSE:TNC NYSE:KAI ASX:IBX ASX:WC8 ASX:AZS ASX:MP1
Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list.
Today's ASX's Top 10 Quarterly Momentum Stocks are:
Ardea Resources Ltd (ARL): Ardea Resources Ltd is a mineral exploration and development company focused on nickel, cobalt, and gold projects in Western Australia.
Everest Metals Corp (EMC): Everest Metals Corporation Limited is focused on advancing mining projects in Western Australia. They primarily target precious metals, lithium, and base metals from their mine sites.
American West Metals Limited (AW1): American West Metals Limited is a copper-focused miner in North America. They have the Storm Copper Project in Nunavut, Canada, and the zinc-copper-indium deposit at West Desert and Copper Warrior Project in Utah, USA.
Solismineralsltd (SLM): Solismineralsltd is a Latin American battery metals focused mining exploration company.
True North Copper (TNC): True North Copper is a copper and cobalt focused mining explorer in Queensland, Cloncurry, and Mt Oxide.
Kairos Minerals Ltd (KAI): Kairos Minerals Ltd is an exploration and development company focused on gold and nickel-copper sulfide projects in Western Australia.
Imagion Biosys Ltd (IBX): Imagion Biosys Ltd is a company that focuses on the development of non-invasive imaging solutions for cancer detection.
Wildcat Resources (WC8): Wildcat Resources is a WA and NSW gold explorer with exposure to lithium, caesium, tantalum, nickel, and copper.
Azure Minerals (AZS): Azure Minerals is a mining company that explores and develops mineral deposits, with a focus on precious and base metals.
Megaport Limited (MP1): Megaport Limited provides elastic interconnection services that enable customers to connect to over 700 data centers worldwide.
ARL trade ideas
$TSLA Elon Musk says " Buy Nickel" $ARRRF Next 10 X + GOLDI will keep this brief > Just wanted to give some bullets because like some of the 10 X ideas I have shared in the past I do believe
$ARRRF is on the verge of a massive breakout. I don't want to spend much time on TA but will say I do expect the stock to break the previous 1.60 area as improving fundamentals and resource appreciation can justify it. Stock is trading in the .30 handle right now so feel it has tremendous upside
Just wanted to get it out to community as quick as possible so you can do your own research .
If you like this idea or my past ideas I don't always post on Tview but for now I am on twitter > @TheNvsibleHand but twitter kind of sucks with its BS censorship, so will be there till we build the #newinternet powered by Bitcoin and Litecoin
We are heading into a age of electrification and nickel is a key ingredient in the batteries that power the electric cars
DD Notes
1. $ARRRF - Gold making a new high and nickel demand increasing , upside with a miner targeting Gold, Nickel-Cobalt, Nickel Sulfates
2. $ARRRF Ardea's total nickel and cobalt resource is 5.46 million tonnes
3. $ARRRF (via Heron's ex nickel resource) has the world's third largest nickel resource, and the developed world's largest cobalt resource
4. GROSSLY UNDERVALUED currently with only a 32 Million market cap which with the increase demand for Nickel alone gives great upside here
'Please mine more nickel,' Musk urges as Tesla boosts production
www.reuters.com
website
ardearesources.com.au
Andrea Resources Trend Line TradeAndrea are currently teetering on the long term support of the key trend line. With adequate cashflow and upcoming news flow from the PFS I am expecting to see a bounce from this key support over the coming weeks
Target entry is $1.235 with target exit at $1.545 giving a 25% upside on a successful move with RR of 1.94 considering stops at 1.075
Andrea are developingg cobolt, nickel and scandium project and claim to have the largest cobolt resource in the developed world