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Top 10 at 10: Acquisition at 200pc premium sends stock soaring, gold majors shine bright
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Stockhead’s Top 10 at 10, published at ~10.40am each trading day, highlights the best (and worst) performing ASX stocks 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 started trading.
WINNERS
Stocks highlighted in yellow made market-moving announcements (click headings to sort).
| Security | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| SCL | Schrole Group Ltd | 0.44 | 175% | 1,848,090 | 5,752,808 |
| CNJ | Conico Ltd | 0.002 | 100% | 100,000 | 1,805,095 |
| PGY | Pilot Energy Ltd | 0.025 | 39% | 5,424,526 | 21,405,150 |
| SHP | South Harz Potash | 0.013 | 30% | 5,503,379 | 8,271,850 |
| KOR | Korab Resources | 0.005 | 25% | 25,000 | 1,468,200 |
| TMR | Tempus Resources Ltd | 0.005 | 25% | 1,000,000 | 4,123,995 |
| 1AG | Alterra Limited | 0.006 | 20% | 50,103 | 4,310,732 |
| OSL | Oncosil Medical | 0.006 | 20% | 200,000 | 16,660,548 |
| POS | Poseidon Nick Ltd | 0.006 | 20% | 480,663 | 18,567,674 |
| RIL | Redivium Limited | 0.003 | 20% | 471,819 | 6,827,137 |
Education SaaS stock Schrole (ASX:SCL) will be acquired at 48.52c per share, a massive 203% premium to Friday’s closing price.
The offer by Canada private equity-backed TES is also a 47% premium to the highest recorded daily closing share price in the previous 12 months.
Pilot Energy (ASX:PGY) gets $4m in a placement at a 22% premium to the last closing price.
Gold stocks dominate the large and mid-cap wieners in early trade, led by Red 5 (ASX:RED), Capricorn (ASX:CMM), Bellevue (ASX:BGL), Resolute (ASX:RSG) and De Grey (ASX:DEG).
LOSERS
Stocks highlighted in yellow made market-moving announcements (click headings to sort).
| Security | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| MHC | Manhattan Corp Ltd | 0.001 | -50% | 62,500 | $5,873,960 |
| LNU | Linius Tech Limited | 0.001 | -33% | 24,000 | $8,320,111 |
| KPO | Kalina Power Limited | 0.003 | -25% | 50,222 | $9,945,576 |
| MRQ | MRG Metals Limited | 0.003 | -25% | 1,801,886 | $10,100,475 |
| RLC | Reedy Lagoon Corp | 0.003 | -25% | 99,400 | $2,478,163 |
| VML | Vital Metals Limited | 0.003 | -25% | 72,140 | $23,580,268 |
| GRV | Greenvale Energy Ltd | 0.041 | -23% | 1,310,072 | $24,312,631 |
| EVR | EV Resources Ltd | 0.0055 | -21% | 115,333 | $9,248,900 |
| 1TT | Thrive Tribe Tech | 0.004 | -20% | 289,619 | $1,883,108 |
| EMT | Emetals Limited | 0.004 | -20% | 100,000 | $4,250,000 |
