Top 10 at 10: Tasty chocolate M&A and a giant spod crystal

Estimated read time 2 min read

Stockhead’s Top 10 at 10, published at ~10.40am 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 BPP Babylon Pump & Power 0.005 25% 1,161,733 $9,986,590 ICN Icon Energy Limited 0.01 25% 1,393,989 $6,144,109 RR1 Reach Resources Ltd 0.005 25% 500,000 $12,841,188 RDS Redstone Resources 0.006 20% 714,285 $4,606,892 MTM MTM Critical Metals 0.08 18% 11,161,784 $6,761,722 YOW Yowie Group 0.035 17% 95,491 $6,557,037 AYT Austin Metals Ltd 0.007 17% 100,029 $7,361,248 LLI Loyal Lithium Ltd 0.36 16% 326,235 $25,240,547 DAF Discovery Alaska Ltd 0.022 16% 200,000 $4,450,459 EYE Nova EYE Medical Ltd 0.275 15% 1,249,970 $45,750,934

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Tiny capped chocolate maker Yowie Group (ASX:YOW) has received an off-market takeover offer for a cash consideration of 3.4c per share, a small 10% premium to the one month VWAP.

The offer comes from major shareholder Keybridge Capital (ASX:KBC), which has a diversified portfolio of listed and unlisted investments. It also dabbles in cryptocurrency trading.

Loyal Lithium (ASX:LLI) has returned high grade channel sample results from the Trieste project in James Bay, Quebec.

Channel sampling looks exactly how it sounds:

Source: Loyal Lithium

Best results included 11.5m at 1.72% Li2O. And yeah, that’s a giant 2.3m long spod crystal (highlighted in a purple outline, above).

And  Nova Eye Medical (ASX:EYE) is now up 130% over the past week after announcing that its portfolio of canaloplasty devices will continue to be medically reimbursed after USA Medicare changes were withdrawn.

 

 

LOSERS

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

Code Company Price % Volume Market Cap NOV Novatti Group Ltd 0.062 -25% 40,000 $28,108,493 88E 88 Energy Ltd 0.004 -20% 3,741,358 $123,204,013 AVE Avecho Biotech Ltd 0.003 -14% 8,782 $11,092,540 IEC Intra Energy Corp 0.003 -14% 35,000 $5,812,736 PXX Polarx Limited 0.006 -14% 20,493 $11,477,317 HIQ Hitiq Limited 0.019 -14% 6,200 $7,182,069 SP8 Streamplay Studio 0.007 -13% 327,364 $9,204,990 DOU Douugh Limited 0.004 -11% 32,427 $4,869,310 RLG Roolife Group Ltd 0.008 -11% 560,230 $6,503,023 AUZ Australian Mines Ltd 0.009 -10% 12,000 $9,450,493

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The post Top 10 at 10: Tasty chocolate M&A and a giant spod crystal appeared first on Stockhead.

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