Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade.

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 stock has commenced trading.

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

Code Name Price % Chg Volume
TRL Tanga Resources Ltd 0.002 +100.00% 494.5k
ADD Adavale Resources Ltd 0.05 +80.00% 1.1M
BAS Bass Oil Ltd 0.002 +33.33% 500.0k
GTE Great Western Exploration Ltd 0.004 +33.33% 500.0k
ICN Icon Energy Ltd/Australia 0.008 +33.33% 498.6k
CLZ Classic Minerals Ltd 0.0025 +25.00% 1.1M
EPM Eclipse Uranium Ltd 0.0025 +25.00% 1.0M
MRD Mount Ridley Mines Ltd 0.005 +25.00% 500.0k
NWE Norwest Energy NL 0.005 +25.00% 65.3k
EAX Energy Action Ltd 0.19 +22.58% 2.5k

Adavale Resources (ASX:ADD) revealed its Tanzanian nickel tenements for its Kabanga project had been granted and its shares shot up on the news.

Code Name Price % Chg Volume
MAY Melbana Energy Ltd 0.007 -22.22% 6.4M
PWN Parkway Minerals NL 0.004 -20.00% 1.0M
HWK Hawkstone Mining Ltd 0.004 -20.00% 600.0k
ARE Argonaut Resources NL 0.004 -20.00% 144.0k
TPS Threat Protect Australia Ltd 0.1 -20.00% 234.0k
BOC Bougainville Copper Ltd 0.2 -18.00% 9.8k
RLG Roolife Group Ltd 0.02 -16.67% 229.0k
AZI Alta Zinc Ltd 0.005 -16.67% 217.0k
GML Gateway Mining Ltd 0.011 -15.38% 1.1M
AMD Arrow Minerals Ltd 0.006 -14.29% 80.9k

Meanwhile, Melbana Energy (ASX:MAY) was among today’s losers after informing shareholders Santos had not concluded a farm out by the deadline.