Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps 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 commenced trading.

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

WINNERS

Cloud-based IT services company Empired (ASX:EPD) was the morning’s big mover on takeover news, after entering into a Scheme of Arrangement with the Australian division of French multinational Capgemini.

The Scheme is for Capgemini to acquire 100% of the company for a cash price of $1.35 per share.

That marked a 60% premium to EPD’s closing price on Friday of 82c. Empired’s board has unanimously recommended that EPD shareholders approve the deal.

Gold explorer Predictive Discovery (ASX:PDI) was also among the winners, after hitting bonanza grades from four diamond drill holes (1,033m) at its Bankan project in Guinea.

LOSERS