Norwest Energy NL (ASX:NWE) is the most active stock on the ASX by 11:30am, trading 116 million shares.
The value of Norwest though has fallen 22.2% to $0.007.
Cushioning the fall is the fact the shares were trading at just $0.004 a week ago, before the market sparked into activity.
At the start of the week Norwest confirmed hydrocarbons at the Xanadu-1 well.
Xanadu-1 is a conventional oil exploration well, located offshore in shallow waters, 40 kilometres south of Dongara in Western Australia.
Anson Resources Ltd (ASX:ASN) has traded 93 million shares, with its valuation spiking 50% to $0.021.
READ NOW: Anson's shares rocket higher on lithium off-take agreements
Company Name · Code · Last · Change · Volume
Norwest Energy NL · NWE · $0.007 · -22.22% · 115,806,953
Anson Resources Ltd · ASN · $0.021 · 50% · 92,775,065
Atlas Iron Ltd · AGO · $0.017 · -5.56% · 54,782,097
Lynas Corporation Ltd · LYC · $0.185 · -2.63% · 35,624,561
Caeneus Minerals Ltd · CAD · $0.003 · 0% · 25,054,110
Patrys Ltd · PAB · $0.023 · -8% · 22,833,226
Sundance Resources · SDL · $0.004 · -20% · 22,520,486
Digitalx Ltd · DCC · $0.071 · 2.90% · 14,958,228
Magnum Gas & Power Ltd · MPE · $0.002 · 0% · 10,950,000
Blina Minerals NL · BDI · $0.001 · 0% · 10,270,714