Top 10 at 10: TGIF for these ASX stocks

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).

WordPress Table

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.