Good afternoon, and welcome to the HotCopper HotList Top 10. Every week, hundreds of companies go through the ups and downs of the ASX trading rollercoaster, with fortunes made and equity lost each time the Aussie bourse opens – which is why keeping an eye on all the trending stocks is so key.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
We’ve put together the HotCopper HotList: The top ten ASX-listed companies added to HotCopper users’ watchlists, so you can keep an eye on them too – and broken down why the top three companies made trending lists.
Without further ado, here’s all the companies top-listed on the HotCopper forums.
1. Elevra Lithium
You’ll know this one – Elevra Lithium (ASX:ELV) has been the most HotListed company this week, but it’s an old forum fave: Sayona Mining, which just recently went through a rebrand after merging with Piedmont Lithium.
Elevra, which is now listed on the ASX and Nasdaq composite (under ticker “ELVR” in the U.S.), went through the big rebrand following three ideas: Elevate, electricity, and era, according to chief Lucas Dow. “Our new name reflects the scale of what we achieved and… where we’re headed,” Dow explained.
Elevra now stands as one of the largest lithium producers in North America after the combination move between Sayona and Piedmont. It operates projects in Canada, the U.S., Ghana, and Western Australia.
ELV has this Friday been selling at $3.68/sh.
2. Prairie Lithium
Prairie Lithium (ASX:PL9) has been slowly ticking up followers on HotCopper threads since its name change in late September. It was originally “Arizona Lithium,” but decided on a more specific title as it looks to consolidate in the States.
The explorer says it’s “solely focused on the Prairie Project, approved for Phase One production.” The rebrand was focused on that asset, which PL9 says is “the highest quality lithium brine project in Saskatchewan.”
To date, PL9 has enjoyed +17% in monthly gains. It’s down -7% right now.
3. Xenora Minerals
Rounding out the top three HotListed companies is Xenora Minerals (ASX:XRA). Xenora just landed $2.1 million in a “strongly supported” placement late in Week 40, which it plans to wield at its Dudley Lithium Project in South Australia.
Xenora is earning in to that SA prospect and is working on infill and expansion of the soil geochemical sampling there right now. Drilling is also on the horizon; the company is also looking for “new opportunities.”
XRA has popped +30% today, reversing its widely red week overall.
And rounding out the HotList top 10 this week was:
- Conneqt Health (ASX:CQT)
- Red Mountain Mining (ASX:RMX)
- Tambourah Metals (ASX:TMB)
- Stakk (ASX:SKK)
- DroneShield (ASX:DRO)
- James Bay Minerals (ASX:JBY)
- And, Trigg Minerals (ASX:TMG)
To find HotCopper’s Hotlist, click on “My Account” and then “My Profile” on the HotCopper home page. Then, select “My Watchlist,” where you see all your followed stocks and scroll to the bottom. The HotList section is there.
Or, you can go straight through to the HotList section with this link right here.
Join the discussion: See what’s trending right now on Australia’s largest stock forum and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.