Top 10 at 11: An Indian IPO, takeover moves and mineral finds are moving the small caps today

Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms.

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading – for better or worse.

WINNERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).

Code Company Price % Volume Market Cap TWER Treasury Wine Estate 0.095 76% 151,751 $4,124,847 ODE Odessa Minerals Ltd 0.012 50% 36,734,290 $7,576,895 FND Findi Limited 1.15 45% 362,801 $29,302,597 A11 Atlantic Lithium 0.515 34% 643,736 $235,713,039 VAR Variscan Mines Ltd 0.013 30% 603,101 $3,566,147 ERW Errawarra Resources 0.255 28% 5,033,032 $19,184,134 AD1 AD1 Holdings Limited 0.005 25% 150,000 $3,290,276 ARD Argent Minerals 0.01 25% 1,273,213 $9,431,850 EDE Eden Inv Ltd 0.0025 25% 1,240,516 $6,727,274 SFG Seafarms Group Ltd 0.005 25% 200,948 $19,346,397

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Findi (ASX:FND) – Up following news the company’s Indian subsidiary, Transaction Solutions International, has raised $37.6 million via placement ahead of its Indian IPO this week.

Atlantic Lithium (ASX:A11) – Up on news of a takeover offer from existing major shareholder Assore, at A$0.63 per share.

Errawarra Resources (ASX:ERW) – Continuing its climb from yesterday, off the back of recent news of a 3km anomalous gold trend find at the company’s Errabiddy project tenements.

Odessa Minerals (ASX:ODE) – Flying this morning on assay results from its Yinnetharra Lockier Range project, which have delivered 248 soil samples with Li2O > 100ppm, and identifying a 4km x 2km northwest-trending Li-Cs-Ta-Be-Rb-Bi anomaly at Robinson Bore coincident to the 16,500m of sub-cropping fractionated pegmatites.

Variscan Mines (ASX:VAR) – Up this morning on the heels of an investor presentation outlining the company’s focus on its Novales-Udias zinc project in Spain.

Argent Minerals (ASX:ARD) – Up on news that the company has discovered new copper zones at its Copperhead Ag-Cu-Zn and REE project in the Gascoyne Region of Western Australia.

LOSERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).

Code Company Price % Volume Market Cap KEY KEY Petroleum 0.001 -33% 4,711,130 $2,951,892 MRQ Mrg Metals Limited 0.002 -33% 489,999 $6,617,756 AVE Avecho Biotech Ltd 0.004 -20% 1,276,457 $13,491,460 OAR OAR Resources Ltd 0.004 -20% 5,818,491 $13,065,679 TEM Tempest Minerals 0.009 -18% 34,545 $5,625,218 GSR Greenstone Resources 0.006 -14% 6,473 $9,557,914 TOR Torque Met 0.155 -14% 1,093,437 $23,566,335 M4M Macro Metals Limited 0.0035 -13% 5,774,358 $7,948,311 MTL Mantle Minerals Ltd 0.0035 -13% 1,349,534 $24,589,783 WYX Western Yilgarn NL 0.105 -13% 119,239 $5,958,900

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Delta Lithium (ASX:DLI) – Down after announcing successful completion of the institutional component of its current entitlement offer.

EBR Systems (ASX:EBR) – Down in the wake of the release of the CEO presentation at the Bell Potter Healthcare Conference.

Diverger (ASX:DVR) – Down following news that COG COG Financial Services has withdrawn its Non-Binding Indicative Offer for a Scheme of Arrangement to merge with Diverger for $1.41 per share.

Torque Metals (ASX:TOR) – Down on news of high grade lithium intercepts at the New Dawn project, including 6.44m @ 1.01% Li2O, from 222.07m.

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