10 at 10: These ASX stocks are burgeoning with crimson this morning

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).

Investors began the new financial year in a risk-on mood. 675  stocks are up, 314 are down and 1124 are unchanged. Surprisingly for the two biggest movers it was about yesterdays’ news.

Alterity Therapeutics (ASX:ATH) more than quintipled after yesterday informing shareholders it had received guidance from the FDA about the development pathway for its anti-Multiple System Atrophy (MSA) drug.

After climbing over 1,000 per cent yesterday, Etherstack (ASX:ESK) climbed by another 98 per cent. In case you missed the news yesterday, it signed a deal with global behemoth Samsung Electronics.

Regular readers of this column would recognise penny stock Victory Mines (ASX:VIC) as a familiar stock moving between 0.1 cents and 0.2 cent without news. But today it did have news – namely an earn in agreement with historical gold producing tenements in Western Australia.