Top 10 at 10: Banana recycler slides into big contract win

Pic: Via getty

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
PPY	Papyrus Australia	0.02	82%	1,563,978	$5,419,619
1MC	Morella Corporation	0.003	50%	1,374,500	$12,357,599
ME1	Melodiol Global Health	0.003	50%	90,085	$1,646,275
VPR	Volt Power Group	0.0015	50%	601,419	$10,716,208
MQR	Marquee Resource Ltd	0.018	38%	3,652,324	$5,373,997
88E	88 Energy Ltd	0.0025	25%	2,042,022	$57,785,344
IVX	Invion Ltd	0.005	25%	90,000	$25,698,129
NRZ	Neurizer Ltd	0.0025	25%	93,000	$3,804,841
TAS	Tasman Resources Ltd	0.005	25%	400,000	$2,850,677
TMR	Tempus Resources Ltd	0.005	25%	110,000	$2,923,995

Papyrus Australia Limited (ASX:PPY) — which makes fibre, fertiliser and food packaging out of banana waste — signed two contracts worth US$1.7m with the Egyptian Government’s National Authority for Military Production (MP).

Marquee Resources (ASX:MQR) inked an option to buy a gold and silver project in Sardinia, Italy, called Sa Pedra Bianca.

The project covers a large portion of the old Osilo project, which contained a non-JORC resource of 1.65Mt @ 7.06 g/t gold and 29.7 g/t silver for a total of 376,140oz gold and 1.58Moz silver.

LOSERS

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

Security	Description	Last	%	Volume	MktCap
GCR	Golden Cross	0.002	-33%	32000	$3,291,768
SIH	Sihayo Gold Limited	0.002	-33%	250000	$36,612,769
AMD	Arrow Minerals	0.003	-25%	389272	$40,557,460
LNU	Linius Tech Limited	0.0015	-25%	705900	$11,093,481
ADY	Admiralty Resources	0.008	-20%	1531131	$16,294,739
AUK	Aumake Limited	0.002	-20%	1500000	$4,786,017
HCT	Holista CollTech Ltd	0.008	-20%	1272068	$2,788,001
ICU	Investor Centre Ltd	0.008	-20%	424553	$3,045,113
MTL	Mantle Minerals Ltd	0.002	-20%	125000	$15,493,615
ROG	Red Sky Energy.	0.004	-20%	20383	$27,111,136