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.
Now, I’ll stop with explanations – here’s the stocks you want to see (and I’d challenge you to figure out the link between the three as quickly as possible).
1. GoldArc Resources
If you’ve never heard of our top-trender on the HotCopper forums this week, that’s OK, because GoldArc Resources (ASX:GA8) is really Asra Minerals (once under the “ASR” ticker) after its Sept. 17 name change.
Beyond the name change, there’s not really too much to report – I suspect many have simply been flagged about GoldArc/Asra in general and, after reading up, have decided to keep a closer eye on the explorer. More than 1,200 users have joined the pile through Week 38, and that may continue on into Monday.
One interesting thing is that it’s just landed a $3.25M placement plan.
(There’s probably also some technical stuff on our side that means people are getting shuffled over to the GA8 watching list this week, too.)
HotCopper users probably also gravitated towards where GoldArc may be headed price-wise, after it climbed +15% this month.
2. Auravelle Metals
Next up is Auravelle Metals (ASX:AUV), which has a bit more substance behind its pop on the HotList this week: The gold explorer has been hunting for “highly prospective” chances in South Australia and just wrapped up a 10-hole RC, 41-hole aircore campaign aimed mostly at an anomaly at Tunikillia North.
Funnily enough, though, Auravelle did also just rebrand from its “Sipa Resources” name, leaving behind the “SRI” ticker to take up the “Auravelle” banner. On that, Auravelle’s managing director, Andrew Muir, explained that the change “reflects Auravelle’s new direction, which is based on aggressive high-impact exploration in tier-one locations and a commitment to generate value.”
“Generating value” may be on the horizon (one would hope they’d been doing that already), but at very least, the company’s landed on plenty of watchlists.
3. Rapid Critical Metals
Before you ask, no, Rapid Critical Minerals (ASX:RCM) wasn’t called something else a week ago – this company’s change (you may have figured out the theme here) happened in June. It was once “Rapid Lithium Limited,” and you can guess why there was a swap over there midway through this year.
As for why RCM is landing on HotCopper watchlists through Week 38, the explorer just returned firm commitments to raise $14 million through a two-tranche placement so that it can buy the Webbs Consol Project.
That deal, being worked out with Webbs Consol owner Lode Resources (ASX:LDR), will put RCM on the hunt for silver in New South Wales.
And the rest of the top 10 on the HotList this week were:
- Locksley Resources (ASX:LKY)
- Resolution Minerals (ASX:RML)
- Stakk (ASX:STKK)
- 4Medical (ASX:4DX)
- Race Oncology (ASX:RAC)
- Lord Resources (ASX:LRD)
- And, Sunrise Energy Metals (ASX:SRL)
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.