Top 10 at 10: Special EV loans, M&A, and a big Brazil REE buy
Pic: Via Getty
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 |
|---|---|---|---|---|---|
| PLT | Plenti Group Limited | 0.63 | 85% | 385,393 | $58,534,455 |
| VPR | Volt Power Group | 0.0015 | 50% | 1,578,027 | $10,716,208 |
| NAM | Namoi Cotton Ltd | 0.48 | 35% | 228,301 | $72,810,627 |
| CTN | Catalina Resources | 0.004 | 33% | 2,500,000 | $3,715,461 |
| OAR | OAR Resources Ltd | 0.004 | 33% | 126,250 | $7,879,948 |
| ICR | Intelicare Holdings | 0.02 | 33% | 1,022,993 | $3,133,731 |
| EQN | Equinoxresources | 0.32 | 28% | 248,861 | $23,875,001 |
| IMU | Imugene Limited | 0.115 | 26% | 33,591,707 | $652,012,712 |
| ACP | Audalia Res Ltd | 0.015 | 25% | 20,000 | $8,305,634 |
| ME1 | Melodiol Glb Health | 0.0025 | 25% | 7,654,076 | $8,436,084 |
Fintech lender Plenti (ASX:PLT) and National Australia Bank will launch a “NAB powered by Plenti” car and electric vehicle (EV) loan. NAB may also acquire up to 15% of PLT’s share capital through placements and market purchases.
Namoi Cotton (ASX:NAM) has received a takeover offer valued at 51c per share – a 37% premium to the 3 month average price — from major shareholder Louis Dreyfus Company.
InteliCare (ASX:ICR), an Aussie software company doing something with AI, has inked a non-binding partnership deal with the country’s largest non-profit aged care provider, Bolton Clarke.
Iron ore stock Equinox (ASX:EQN) has come out of hibernation to buy a rare earths project in Brazil.
And cancer killer Imugene (ASX:IMU) has been granted Fast Track designation from the US Food and Drug Administration (FDA).
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| POD | Podium Minerals | 0.042 | -24% | 617,833 | $20,038,513 |
| GTG | Genetic Technologies | 0.002 | -20% | 500,000 | $28,854,145 |
| GBZ | GBM Rsources Ltd | 0.011 | -15% | 60,149 | $8,064,184 |
| LML | Lincoln Minerals | 0.006 | -14% | 153,333 | $11,856,917 |
| PXX | Polarx Limited | 0.007 | -13% | 300,000 | $12,476,934 |
| SGC | Sacgasco Ltd | 0.007 | -13% | 232,500 | $6,188,662 |
| KZR | Kalamazoo Resources | 0.11 | -12% | 46,134 | $21,421,184 |
| GRV | Greenvale Energy Ltd | 0.086 | -11% | 50,000 | $42,700,406 |
| TEM | Tempest Minerals | 0.008 | -11% | 200,000 | $4,602,451 |
| AQC | Auspaccoal Ltd | 0.125 | -11% | 408,380 | $63,843,240 |
Podium Minerals (ASX:POD) will raise $2m at an eyewatering 48.8% discount to the 5 day average price to progress its 6Moz Parkes Reef PGE project.
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