{"id":7822,"date":"2024-04-01T23:47:13","date_gmt":"2024-04-01T23:47:13","guid":{"rendered":"https:\/\/economicherald.net\/?p=7822"},"modified":"2024-04-01T23:47:13","modified_gmt":"2024-04-01T23:47:13","slug":"top-10-at-10-pot-stock-powers-to-profit-power-company-pulls-ma-payday","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=7822","title":{"rendered":"Top 10 at 10: Pot stock powers to profit, power company pulls M&A payday"},"content":{"rendered":"

Stockhead\u2019s 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.<\/p>\n

It\u2019s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms.<\/p>\n

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every\u00a0ASX\u00a0stock has started trading.<\/p>\n

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WINNERS<\/strong><\/h2>\n

Stocks highlighted in yellow made market-moving announcements\u00a0(click\u00a0headings to sort).<\/em><\/p>\n

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Code Company Price % Volume Market Cap DTM Dart Mining NL 0.038 124% 5,588,571 $3,868,854 ME1 Melodiol Glb Health 0.0075 50% 19,869,897 $2,034,178 IEC Intra Energy Corp 0.003 50% 20,000,000 $3,381,563 MSB Mesoblast Limited 0.825 49% 12,335,411 $633,095,022 TPC TPC Consolidated Ltd 11 38% 8,013 $90,742,856 AHN Athena Resources 0.004 33% 400,000 $3,211,403 TKL Traka Resources 0.002 33% 252,002 $2,625,988 TMK TMK Energy Limited 0.004 33% 2,870,380 $20,267,144 MOM Moab Minerals Ltd 0.005 25% 100,000 $2,847,854 PNM Pacific Nickel Mines 0.03 20% 1,250,113 $10,456,328 <\/p>\n

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Pot stock Melodiol (ASX:ME1)<\/a> says Canadian subsidiary Mernova has approvals to launch new products across several provincial markets.<\/p>\n

It delivered $1.75m of unaudited revenue in Q1 2024, up 13% on Q1 2023, with the Q2 order book already sitting at $373,000.<\/p>\n

Explorer Intra Energy (ASX:IEC)<\/a> identified more \u201ccompelling\u201d lithium anomalies at the recently acquired Maggie Hays project in WA.<\/p>\n

Power and gas retailer TPC (ASX:TPC)<\/a> attracts a takeover offer from Beijing Energy International at $8.77\/sh cash, plus special dividend and\/or return of capital of up to $2.64\/sh and the right to potential earn out scheme consideration of up to $4.41\/sh.<\/p>\n

The TPC board recommends the deal.<\/p>\n

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LOSERS<\/strong><\/h2>\n

Stocks highlighted in yellow made market-moving announcements\u00a0(click headings to sort).<\/em><\/p>\n

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Code Company Price % Volume Market Cap GEN Genmin 0.104 -35% 3,225,196 $109,638,080 LNR Lanthanein Resources 0.002 -33% 6,000 $5,864,727 MRD Mount Ridley Mines 0.001 -33% 948 $11,677,324 PFE Panteraminerals 0.038 -28% 367,000 $13,805,550 1MC Morella Corporation 0.003 -25% 64,655 $24,715,198 MTL Mantle Minerals Ltd 0.0015 -25% 38,753 $12,394,892 PRX Prodigy Gold NL 0.003 -25% 30,114,082 $7,004,431 MTB Mount Burgess Mining 0.002 -20% 75,000 $2,612,034 RDS Redstone Resources 0.004 -20% 2,000,000 $4,626,892 ROG Red Sky Energy. 0.004 -20% 1,520,000 $27,111,136 <\/p>\n

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The post Top 10 at 10: Pot stock powers to profit, power company pulls M&A payday<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Stockhead\u2019s 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. 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