10 at 10: These ASX stocks are jostling for the top spot this morning
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).
Oil and gas microcap Red Sky Energy (ASX:ROG) led the charge after announcing it had identified 16 metres of net pay for its Killanoola project in South Australia.
Speaking of oil plays, Alaska focused 88 Energy (ASX:88E) rose after an operational update. It reported a surface hole at Merlin-1 was successfully drilled to 1,512 feet and drilling on the Merlin-1 production hole would commence imminently.
Among large caps casino operator, Crown Resorts (ASX:CWN), received an $8 billion takeover offer from US investment manager Blackstone at $11.85 a share.
Freedom Foods Group (ASX:FNP) re-entered the ASX after completing a recapitalisation – which was at a hefty discount to the price it last traded at.