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).

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Labour hire stock RBR Group (ASX:RBR) says the stalled development of the Rovuma LNG mega project in northern Mozambique could be back on the table.

RBR business Futuro Group is experiencing a significant lift in business activity, with engineering recruitment and construction contract enquiries increasing as Total and EPC contractor, Saipem, prepare for imminent restart to the Rovuma LNG onshore facility in Afungi, it says.

“Whilst Total is yet to make an official announcement on the lifting of Force Majeure on the project Saipem executive, Alessandro Puliti has publicly stated that July 2023 is the target for formal resumption of works,” RBR says.

Equatorial Resources (ASX:EQX) has inked a deal to acquire the high grade Nimba Alliance iron ore project in Guinea, West Africa.

Extensive work has already been completed at the project, which was previously owned by an international consortium of major mining companies, including BHP (ASX:BHP).

 

LOSERS

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

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Advanced clay rare earths stock Australian Rare Earths (ASX:AR3) will raise $11.1m at 45c per share, a respectable 14.5% discount to the 15-day VWAP.

Proceeds will be used to accelerate activity at 100% owned Koppamurra project, “an ionic clay hosted rare earth resource of global and multigenerational significance”.