Top 10 at 11: Volpara’s breast cancer detection tech is hot property, lithium has its ups and downs

Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, which is meant 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 – and then I do my best to make sense of who’s moving where and why it might be happening.

Here’s what’s been happening since the doors were opened this morning…

WINNERS

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

Code Company Price % Volume Market Cap NVQ Noviqtech Limited 0.004 60% 2,847,500 $3,273,613 WEL Winchester Energy 0.003 50% 139,999 $2,040,844 VHT Volpara Health Tech 1.1 42% 1,080,248 $197,140,089 FHS Freehill Mining Ltd. 0.004 33% 1,000,000 $8,549,503 JAV Javelin Minerals Ltd 0.004 33% 5,737,998 $3,264,347 RGS Regeneus Ltd 0.004 33% 130,000 $919,311 RTG RTG Mining Inc. 0.036 33% 76,600 $29,307,947 BAT Battery Minerals Ltd 0.1025 22% 1,896,606 $11,286,618 TSI Top Shelf 0.2 21% 44,733 $34,233,517 MHK Metalhawk. 0.15 20% 65,666 $12,426,806

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Breast cancer detection software company Volpara Health Technologies (ASX:VHT) is surging this morning on news that the NZ-based company has entered into a scheme implementation agreement with Korean exchange-listed Lunit – also in the business of cancer detection – under which Lunit has agreed to acquire all of Volpara’s shares at a price of A$1.15 per share.

RTG Mining (ASX:RTG) is up after the company confirmed multiple styles of mineralisation and more encouraging gold and copper grades along 6.5km of skarns and new structures at its 90% owned Chanach gold-copper project in the Kyrgyz Republic, which I have been assured is a real place.

Battery Minerals (ASX:BAT) is continuing its rapid rise of the past few days, up another 25% in very early trade this morning.

Top Shelf International Holdings (ASX:TSI) is moving up this morning, but the only news there is that a bunch of fully-paid shares are coming out of voluntary escrow in a week or so. The company is still in the process of sorting out a breach of ASX listing rule 10.11 – which covers the provision of shares to a person in a position of influence without shareholder approval.

LOSERS

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

Code Company Price % Volume Market Cap KNM Kneomedia Limited 0.002 -33% 16,062 $4,599,814 ME1 Melodiol Glb Health 0.0015 -25% 282,892 $9,457,648 MXR Maximus Resources 0.033 -18% 666,321 $12,824,231 AQX Alice Queen Ltd 0.005 -17% 1,621,876 $1,327,908 ARU Arafura Rare Earths 0.17 -15% 13,726,953 $422,672,938 VAL Valor Resources Ltd 0.003 -14% 125,000 $13,556,672 ASO Aston Minerals Ltd 0.026 -13% 100,000 $38,851,928 3PL 3P Learning Ltd 1.06 -12% 924 $332,449,046 NGY Nuenergy Gas Ltd 0.029 -12% 846 $48,871,531 BLZ Blaze Minerals Ltd 0.008 -11% 131,368 $5,657,024

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Arafura Rare Earths (ASX:ARU) is showing a drop, after revealing that it has completed the bookbuild for an upsized placement at an issue price of A$0.16 per share, with demand pushing the placement to a total of $25 million, up from $20 million.

Melodiol Global Health (ASX:ME1) is down this morning, following its response to a ‘please explain’ from the ASX, regarding the circumstances surrounding the scuttling of negotiations with Panacea Life Sciences for the purchase of Sierra Sages Herbs and Halucenex Life Sciences earlier this month.

Maximus Resources (ASX:MXR) is falling this morning, despite announcing that its recent wide-spaced recon drill program has intersected fertile LCT pegmatites with strong fractionation, up to 18m thick, from 27 out of 30 holes at its Lefroy lithium project, a joint venture with the Korea Mine Rehabilitation and Mineral Resources Corporation.

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