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).

Code Company % Volume Price Market Cap
ANL Amani Gold Ltd 50% 8,310,692 0.0015 $22,933,441.13
LKO Lakes Blue Energy 50% 34,796,696 0.0015 $42,382,421.94
BOC Bougainville Copper 38% 413,847 0.55 $160,425,000.00
XST Xstate Resources 14% 500,000 0.004 $11,253,135.78
SMX Security Matters 13% 1,759 0.27 $39,839,742.48
AS1 Angel Seafood 12% 968,642 0.19 $27,467,725.18
AMD Arrow Minerals 10% 600,000 0.0055 $9,119,658.80
GSM Golden State Mining 10% 26,000 0.1 $7,561,006.64
EIQ Echoiq Ltd 9% 288,050 0.18 $65,064,897.65
AUH Austchina Holdings 9% 1,188,076 0.012 $19,772,767.97
SMI Santana Minerals Ltd 9% 81,143 0.435 $53,054,915.20
HMI Hiremii 9% 35,214 0.05 $3,396,532.59

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).

Code Company % Volume Price Market Cap
ZBT Zebit Inc. -57% 366,936 0.083 $18,453,866.54
CCE Carnegie Cln Energy -33% 1,425,522 0.002 $45,307,721.13
KEY KEY Petroleum -33% 100,000 0.002 $5,903,784.38
PEC Perpetual Res Ltd -20% 285,444 0.057 $34,942,694.80
TRT Todd River Res Ltd -19% 2,358,040 0.062 $43,674,884.10
MBK Metal Bank Ltd -14% 607,033 0.006 $18,254,727.12
AGS Alliance Resources -14% 3,996 0.125 $30,162,484.43
ROG Red Sky Energy. -13% 1,785,562 0.007 $42,417,817.58
CAV Carnavale Resources -12% 3,774,698 0.0115 $32,221,172.52
IGN Ignite Ltd -11% 120,000 0.12 $12,093,593.63
TOY Toys R Us -11% 4,149 0.12 $116,351,259.84
OEX Oilex Ltd -11% 190,000 0.004 $32,008,281.84
RR1 Reach Resources Ltd -11% 50,000 0.008 $14,346,112.18
SBR Sabre Resources -11% 4,370 0.004 $9,156,661.42
TOE Toro Energy Limited -11% 3,404,788 0.017 $74,049,501.42

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.