Top 10 at 11: Buy-ups, Buy-outs and Payouts are what’s moving the market this morning

Estimated read time 3 min read

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 – before being lovingly crafted into a digestible format, in much the same way a mother orangutan might chew heartily on a piece of fruit before spitting it into its baby’s mouth.

You are welcome.

 

WINNERS

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

Code Company Price % Volume Market Cap KNM Kneomedia Limited 0.003 50% 500,000 $3,009,571 RWD Reward Minerals Ltd 0.105 35% 2,796,544 $17,772,545 GTG Genetic Technologies 0.0025 25% 2,030,236 $23,083,316 88E 88 Energy Ltd 0.006 20% 4,367,347 $110,593,275 AUH Austchina Holdings 0.003 20% 31,666 $5,194,709 KGD Kula Gold Limited 0.038 19% 6,907,351 $11,942,781 MRR Minrex Resources Ltd 0.019 19% 9,256,576 $17,357,880 IBG Ironbark Zinc Ltd 0.007 17% 500,000 $8,800,706 MOM Moab Minerals Ltd 0.007 17% 500,000 $4,271,781 SHG Singular Health 0.045 15% 252,685 $5,511,100

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Reward Minerals (ASX:RWD) – Continuing yesterday’s sharp rise in the afternoon, on the heels of news that Reward is the likely buyer for Kalium Lakes’ (ASX:KLL) Beyondie sulphate of potash project in WA.

Diverger (ASX:DVR) – Up on news of a takeover price change, which will see Count (ASX:CUP) provide an implied value of $1.3651 per Diverger share, comprised of a cash consideration if $0.40 (increased from $0.367) and a scrip consideration of 1.44 (increased from 1.38).

KNeoMedia (ASX:KNM) – Up 50% this morning on news the company has received receipt the Tranche 2 payment totaling $700,000 in net revenue from the New York City Department of Education.

Singular Health Group (ASX:SHG) – Up on news the company has received a binding commitment from CG1 Ventures to take up the full $850,000 placement at $0.055 cents per share as previously announced on 16 August 2023.

 

LOSERS

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

Code Company Price % Volume Market Cap GMR Golden Rim Resources 0.013 -28% 915,360 $10,648,591 ASR Asra Minerals Ltd 0.011 -21% 1,301,091 $20,386,879 SFG Seafarms Group Ltd 0.004 -20% 8,700 $24,182,996 YOJ Yojee Limited 0.004 -20% 100,100 $5,676,023 MXC Mgc Pharmaceuticals 0.95 -18% 37,810 $41,099,370 ME1 Melodiol Glb Health 0.0025 -17% 64,089,836 $11,547,311 RNX Renegade Exploration 0.005 -17% 80,008 $5,718,743 KLI Killiresources 0.052 -15% 50,359 $3,634,079 1MC Morella Corporation 0.006 -14% 1,347,018 $43,145,149 AYT Austin Metals Ltd 0.006 -14% 145,000 $7,111,123

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Asra Minerals (ASX:ASR) – Down sharply this morning on news that it’s raised $2.5 million to accelerate exploration.

Golden Rim Resources (ASX:GMR) – Down in the wake of an after-hours announcement last night revealing is undertaking a pro-rata non-renounceable entitlement issue to raise $7 million, at $0.012 per share.

The post Top 10 at 11: Buy-ups, Buy-outs and Payouts are what’s moving the market this morning appeared first on Stockhead.

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