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 made market-moving announcements (click headings to sort).
Security Description Last % Volume MktCap TSK Task Group Holdings 0.765 91% 2,986,395 $142,515,309 RR1 Reach Resources Ltd 0.003 50% 14,703,989 $6,420,594 AHN Athena Resources 0.004 33% 254,907 $3,211,403 AUK Aumake Limited 0.004 33% 50,000 $5,743,220 SPQ Superior Resources 0.014 27% 3,687,851 $22,013,425 MAG Magmatic Resrce Ltd 0.078 26% 890,236 $18,952,953 MCT Metalicity Limited 0.0025 25% 200,000 $8,970,108 NAE New Age Exploration 0.005 25% 400,000 $7,175,596 CDR Codrus Minerals Ltd 0.054 23% 193,580 $4,065,050 LGM Legacy Minerals 0.17 21% 22,222 $14,763,700
Aspiring WA lithium major Delta (ASX:DLI) will pay up to ~$13m over the next several years to earn into neighbouring ground owned by minnow Reach Resources (ASX:RR1).
“To receive $3.2M cash up front, and a further $10M cash/script if a successful JORC mineral resource delineation of equal to or greater than 7.5Mt at 0.8% Li2O (at a 0.5% cut off grade) is achieved, is a great result during these difficult market conditions,” RR1 CEO Jeremy Bower says.
PAR Technology Corp (ASX:PAR) will buy fellow restaurant tech company TASK Group (ASX:TSK), with TSK shareholders able to choose between cash and PAR shares.
The cash deal is worth 81c per TSK share – a 107% premium to the 30-day average price.
An electromagnetic survey over Codrus Minerals’ (ASX:CDR) early stage Karloning clay rare earths project in WA has uncovered multiple drill targets.
LOSERS
Stocks highlighted in yellow made market-moving announcements (click headings to sort).
Security Description Last % Volume MktCap AXP AXP Energy Ltd 0.001 -50% 200,000 $11,649,361 MRD Mount Ridley Mines 0.0015 -25% 990,063 $15,569,766 MRQ Mrg Metals Limited 0.0015 -25% 11,000,000 $4,942,682 ECT Env Clean Tech Ltd. 0.004 -20% 1,250,302 $14,321,552 EDE Eden Inv Ltd 0.002 -20% 14,020 $9,195,678 VML Vital Metals Limited 0.004 -20% 383,293 $29,475,335 AQX Alice Queen Ltd 0.005 -17% 69,469 $4,145,905 MHC Manhattan Corp Ltd 0.0025 -17% 759,285 $8,810,939 DXN DXN Limited 0.021 -16% 1 $4,622,234 NAG Nagambie Resources 0.021 -16% 745,201 $19,915,892
Nagambie Resources’ (ASX:NAG) plan to make money storing PASS (Potential Acid Sulfate Soil) from Victoria’s North East Link project (NELP) has been stymied, with its bid as preferred tender unsuccessful.
Explorer Premier Lithium (ASX:PLC) – formerly known as SensOre – has finished phase one drilling at the Abbotts North project.
The post Top 10 at 10: $13m lithium farm-ins and a massive +100pc takeover premium appeared first on Stockhead.
