Stockhead’s Top 10 at 10, published at 10.30am each trading day, highlights the best (and worst) performing ASX small caps 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).

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Angel Seafood Holdings (ASX:AS1) has entered into a Scheme Implementation Agreement with a subsidiary of Laguna Bay Agricultural (BidCo), under which BidCo proposes to purchase all the Angel shares it doesn’t own for 20c each.

That is a significant 60% premium to the closing share price on 17 December 2021 — the day before the bid was first announced.

LOSERS

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

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US-based online retail group Zebit (ASX:ZBT) will delist from the local bourse, less than two years after listing.

Zebit raised $35m from investors at $1.58 per share, but its stock fell sharply on debut in October 2020. Since April 2021, ZBT slumped from highs above $1.40 to today’s opening price of just 8.3c amid ongoing investor concerns about its operating model.

Todd River Resources (ASX:TRT) fell on an exploration update at its Berkshire Valley Ni-CuPGE Project in WA.