Top 10 at 10: Special EV loans, M&A, and a big Brazil REE buy

Stockhead’s Top 10 at 10, published at ~10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data.

It’s 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.

WINNERS

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

Code Company Price % Volume Market Cap PLT Plenti Group Limited 0.63 85% 385,393 $58,534,455 VPR Volt Power Group 0.0015 50% 1,578,027 $10,716,208 NAM Namoi Cotton Ltd 0.48 35% 228,301 $72,810,627 CTN Catalina Resources 0.004 33% 2,500,000 $3,715,461 OAR OAR Resources Ltd 0.004 33% 126,250 $7,879,948 ICR Intelicare Holdings 0.02 33% 1,022,993 $3,133,731 EQN Equinoxresources 0.32 28% 248,861 $23,875,001 IMU Imugene Limited 0.115 26% 33,591,707 $652,012,712 ACP Audalia Res Ltd 0.015 25% 20,000 $8,305,634 ME1 Melodiol Glb Health 0.0025 25% 7,654,076 $8,436,084

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Fintech lender Plenti (ASX:PLT) and National Australia Bank will launch a “NAB powered by Plenti” car and electric vehicle (EV) loan. NAB may also acquire up to 15% of PLT’s share capital through placements and market purchases.

Namoi Cotton (ASX:NAM) has received a takeover offer valued at 51c per share – a 37% premium to the 3 month average price — from major shareholder Louis Dreyfus Company.

InteliCare (ASX:ICR), an Aussie software company doing something with AI, has inked a non-binding partnership deal with the country’s largest non-profit aged care provider, Bolton Clarke.

Iron ore stock Equinox (ASX:EQN) has come out of hibernation to buy a rare earths project in Brazil.

And cancer killer Imugene (ASX:IMU) has been granted Fast Track designation from the US Food and Drug Administration (FDA).

LOSERS

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

Code Company Price % Volume Market Cap POD Podium Minerals 0.042 -24% 617,833 $20,038,513 GTG Genetic Technologies 0.002 -20% 500,000 $28,854,145 GBZ GBM Rsources Ltd 0.011 -15% 60,149 $8,064,184 LML Lincoln Minerals 0.006 -14% 153,333 $11,856,917 PXX Polarx Limited 0.007 -13% 300,000 $12,476,934 SGC Sacgasco Ltd 0.007 -13% 232,500 $6,188,662 KZR Kalamazoo Resources 0.11 -12% 46,134 $21,421,184 GRV Greenvale Energy Ltd 0.086 -11% 50,000 $42,700,406 TEM Tempest Minerals 0.008 -11% 200,000 $4,602,451 AQC Auspaccoal Ltd 0.125 -11% 408,380 $63,843,240

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Podium Minerals (ASX:POD) will raise $2m at an eyewatering 48.8% discount to the 5 day average price to progress its 6Moz Parkes Reef PGE project.

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