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Top 10 at 10: Blackmores accepts healthy takeover offer, Omega confirms gas discovery
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Stockhead’s Top 10 at 10, published at ~10.30am 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 have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| AXP | AXP Energy Ltd | 0.003 | 50% | 30,000 | $11,649,361 |
| LNU | Linius Tech Limited | 0.004 | 33% | 35,930,957 | $9,689,239 |
| AM7 | Arcadia Minerals | 0.225 | 25% | 221,500 | $8,405,621 |
| AVE | Avecho Biotech Ltd | 0.005 | 25% | 450,420 | $7,351,477 |
| DOU | Douugh Limited | 0.011 | 22% | 26,325 | $8,855,085 |
| BKL | Blackmores Limited | 93.45 | 22% | 157,568 | $1,493,614,262 |
| WMG | Western Mines | 0.84 | 19% | 3,103,690 | $35,110,410 |
| OMA | Omegaoilgaslimited | 0.265 | 18% | 3,241,198 | $34,407,932 |
| FFT | Future First Tech | 0.021 | 17% | 907,191 | $12,777,058 |
| EZZ | EZZ Life Science | 0.465 | 15% | 34,114 | $17,295,525 |
Video archive stock Linius Tech’s (ASX:LNU) Whizzard product will be used in the IMG Replay service, “virtualizing the entire IMG Replay archive to make it more searchable and usable”.
IMG Replay represents the fourth new client signed by LNU in the past five months and is the largest contract to date, it says.
Health brand Blackmores (ASX:BKL) has recommended a $95 per share takeover offer from $22bn-capped Tokyo-listed Kirin Holdings, valuing BKL at ~$1.88bn.
The offer represents a 23.7% premium to the last close price of $76.79.
Red hot explorer Western Mines (ASX:WMG) says drill hole MTD026 is currently at ~400m depth “with significant examples of disseminated and remobilised nickel sulphides observed in top 250m”.
Omega Oil & Gas (ASX:OMA) has confirmed a gas discovery at the 3.8km deep Canyon-2 well, saying “the preliminary view is the target formations are feasible hydraulic stimulation targets which aligns with pre-drill expectations”.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| MEB | Medibio Limited | 0.001 | -33% | 333,333 | $6,225,891 |
| TIG | Tigers Realm Coal | 0.008 | -20% | 5,105,456 | $130,667,024 |
| PVS | Pivotal Systems | 0.009 | -18% | 222,331 | $2,750,156 |
| GNM | Great Northern | 0.0025 | -17% | 25,399,999 | $5,127,153 |
| ODE | Odessa Minerals Ltd | 0.005 | -17% | 40,000 | $4,446,358 |
| SKN | Skin Elements Ltd | 0.011 | -15% | 50,000 | $6,059,754 |
| RMX | Red Mount Min Ltd | 0.003 | -14% | 120,101 | $7,951,479 |
| TFL | Tasfoods Ltd | 0.025 | -14% | 63,291 | $12,675,770 |
| WHK | Whitehawk Limited | 0.041 | -13% | 618,813 | $11,497,742 |
| BAT | Battery Minerals Ltd | 0.0035 | -13% | 106,234 | $13,427,769 |
