Top 10 at 10: Takeover targets take top spot on Tuesday
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 |
|---|---|---|---|---|---|
| NCZ | New Century Resource | 1.1 | 43% | 4,925,658 | $101,372,932 |
| MGG | Mogul Games Grp Ltd | 0.002 | 33% | 2,000,000 | $4,895,162 |
| TFL | Tasfoods Ltd | 0.036 | 29% | 14,070 | $12,238,674 |
| AHN | Athena Resources | 0.007 | 17% | 240,000 | $6,422,805 |
| MRQ | Mrg Metals Limited | 0.0035 | 17% | 913,730 | $5,957,756 |
| NSM | Northstaw | 0.185 | 16% | 3,500 | $19,220,320 |
| RIM | Rimfire Pacific | 0.008 | 14% | 1,131,351 | $12,643,713 |
| ADX | ADX Energy Ltd | 0.009 | 13% | 15,000,000 | $28,150,715 |
| ATH | Alterity Therap Ltd | 0.009 | 13% | 17,604 | $19,331,347 |
| CLZ | Classic Min Ltd | 0.0045 | 13% | 7,337,609 | $4,605,308 |
Zinc miner New Century Resources (ASX:NZS) has received a takeover offer from disgruntled major shareholder (19.9%) Sibanye-Stillwater at $1.10 per share – a 42.9% premium on the last traded price.
Rimfire Pacific Mining (ASX:RIM) has raised $1.2m via placement – done at a 23% discount to the last traded price — with directors participating (15% of the total placement).
The cash will be used to explore the company’s copper-cobalt projects in NSW.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| CCE | Carnegie Cln Energy | 0.001 | -33% | 1,244,500 | $23,463,861 |
| OAU | Ora Gold Limited | 0.004 | -20% | 2,475,000 | $4,921,156 |
| ECG | Ecargo Hldg | 0.056 | -19% | 75,551 | $42,452,250 |
| REC | Rechargemetals | 0.125 | -17% | 1 | $5,969,250 |
| PUA | Peak Minerals Ltd | 0.005 | -17% | 676,000 | $6,248,260 |
| XTC | Xantippe Res Ltd | 0.005 | -17% | 1,725,768 | $63,480,598 |
| AKG | Academies Aus Grp | 0.36 | -14% | 214,450 | $55,698,076 |
| SIX | Sprintex Ltd | 0.04 | -13% | 2,375 | $11,700,299 |
| AMO | Ambertech Limited | 0.27 | -13% | 257,239 | $28,867,144 |
| NNG | Nexion Group | 0.027 | -13% | 52,172 | $4,721,543 |
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