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Top 10 at 10: It’s a manic Monday for this ASX takeover target
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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 commenced trading.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| ANL | Amani Gold Ltd | 0.0015 | 50% | 2,109,208 | $23,693,441.13 |
| DRM | Demetallicalimited | 0.27 | 35% | 902,205 | $17,369,723.80 |
| MX1 | Micro-X Limited | 0.18 | 33% | 736,239 | $62,303,173.79 |
| KGD | Kula Gold Limited | 0.026 | 30% | 2,297,494 | $5,379,390.76 |
| SKN | Skin Elements Ltd | 0.035 | 25% | 137,925 | $12,130,363.45 |
| MGG | Mogul Games Grp Ltd | 0.0025 | 25% | 167,787 | $6,526,882.41 |
| PTR | Petratherm Ltd | 0.086 | 25% | 1,434,367 | $15,507,828.59 |
| ATU | Atrum Coal Ltd | 0.009 | 20% | 2,543 | $5,185,055.11 |
| AMD | Arrow Minerals | 0.006 | 20% | 12,492,255 | $10,168,825.47 |
| MTH | Mithril Resources | 0.006 | 20% | 84,000 | $14,701,165.21 |
Explorer Demetallica (ASX:DRM) has received a takeover offer from copper miner AIC Mines (ASX:A1M), which values DRM at ~$36m or 33.7c per share.
That’s a 68% premium to the last closing price.
MicroX (ASX:MX1) – which develops carbon nanotube-based x-ray tech– has inked a $15m deal with Varex Imaging Corporation, the largest independent manufacturer of x-ray components globally with annual sales over US$800m in 2021.
Kula Gold (ASX:KGD) will raise $1.8m to expedite WA lithium exploration and “assess new opportunities in the lithium sector”.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| ARE | Argonaut Resources | 0.001 | -50% | 501,000 | $7,238,050.59 |
| WBE | Whitebark Energy | 0.002 | -33% | 285,000 | $16,944,657.59 |
| IKW | Ikwezi Mining Ltd | 1.46 | -13% | 6,000 | $68,291,956.32 |
| DVL | Dorsavi Ltd | 0.014 | -13% | 59,375 | $6,960,099.94 |
| OSX | Osteopore Limited | 0.25 | -11% | 1,785 | $32,835,106.64 |
| SEG | Sports Ent Grp Ltd | 0.25 | -11% | 6,480 | $73,111,367.84 |
| CAD | Caeneus Minerals | 0.0045 | -10% | 4,201,524 | $23,603,025.37 |
| CHL | Camplifyholdings | 2.17 | -9% | 8,231 | $67,029,151.30 |
| CAU | Cronos Australia | 0.545 | -8% | 169,265 | $329,850,568.29 |
| NAE | New Age Exploration | 0.011 | -8% | 6,968,024 | $17,230,786.92 |
