Stockhead’s Top 10 at 11, published 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.
The S&P/ASX200 is up today, is up gaining 58.80 points or 0.76% to 7,829.40 at 10.50 am (AEDT) with all sectors in the green.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Code Company Last % Volume MktCap JAV Javelin Minerals Ltd 0.002 100% 2,470,000 $2,176,231 NRX Noronex Limited 0.015 36% 17,244,901 $5,153,249 MRD Mount Ridley Mines 0.002 33% 200,000 $11,677,324 JPR Jupiter Energy 0.021 31% 11,600 $20,378,435 MEA McGrath Ltd 0.59 26% 889,544 $74,813,429 CTN Catalina Resources 0.005 25% 180,261 $4,953,948 FAU First Au Ltd 0.0025 25% 370,000 $3,323,987 WML Woomera Mining Ltd 0.005 25% 2,252,290 $4,872,556 OPL Opyl Limited 0.031 24% 31,250 $4,228,223 IVX Invion Ltd 0.006 20% 160,000 $32,122,661
Shares in real estate company McGrath (ASX:MEA) are up 26% in morning trade after founder and CEO John McGrath struck a 60c/share takeover deal with a consortium of global real estate consultancy Knight Frank and New Zealand’s largest private held real estate agency Bayleys.
According to the ASX announcement McGrath will receive the unlisted scrip alternative for his 23.3% stake, and will continue as CEO, backed by his existing management, of the business in the deal valuing MEA at ~$95.5m.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Code Description Last % Volume MktCap AXP AXP Energy Ltd 0.001 -50% 10,092,651 $11,649,361 RMX Red Mount Mining 0.001 -50% 3,400,000 $5,347,152 RFT Rectifier Technologies 0.02 -44% 6,417,349 $49,751,422 ADX ADX Energy Ltd 0.1175 -38% 8,284,218 $81,478,288 RML Resolution Minerals 0.002 -33% 1,300,000 $3,779,990 SIH Sihayo Gold Limited 0.001 -33% 350,000 $18,306,384 VPR Volt Power Group 0.001 -33% 200,155 $16,074,312 IS3 I Synergy Group Ltd 0.007 -22% 118,000 $2,736,723 ROG Red Sky Energy. 0.004 -20% 73,395 $27,111,136 EOS Electro Optic Systems 1.705 -18% 821,969 $356,170,892
The post Top 10 at 11: McGrath real estate surges on takeover deal appeared first on Stockhead.
