10 at 10: These ASX stocks have reached a milestone this morning
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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).
This morning 603 stocks opened up, 428 were down and 1069 were unchanged.
Biotech Kazia Therapeutics (ASX:KZA) announced the FDA granted its anti-brain cancer drug Rare Paediatric Disease Designation.
Cannabis play MGC Pharmaceuticals (ASX:MXC) rose with pre-clinical results.
In resources Alicanto Minerals (ASX:AQI) was the biggest winner with news industry identity Ray Shorrocks was its new Chairman. Shorrocks was once chairman of gold success story Bellevue (ASX:BGL) and is currently chairman of 2020’s biggest gold gainer Auteco Minerals (ASX:AUT).
Australian Ethical Investment (ASX:AEF) was a victim of its own success, seeing substantial holder IOOF sell its 4.9 per cent stake for $74.5 million.
IOOF told its shareholders the proceeds would reduce its debt and “provide strategic flexibility for growth opportunities” but was not walking away from providing its clients with access to ethical investment options.