Top 10 at 10: The ASX stocks laughing all the way to the bank early trade Monday

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
ADR	Adherium Ltd	0.004	33%	120,000	$14,989,315
DCX	Discovex Res Ltd	0.004	33%	590,000	$9,907,704
MGG	Mogul Games Grp Ltd	0.002	33%	1,400,000	$4,895,162
NEU	Neuren Pharmaceuticals	9.52	24%	611,210	$968,457,735
MMI	Metro Mining Ltd	0.012	20%	30,742,061	$43,638,296
GFN	Gefen Int	0.049	17%	88,000	$2,860,205
MRD	Mount Ridley Mines	0.0035	17%	833,999	$23,354,649
APC	Aust Potash Ltd	0.022	16%	831,674	$17,542,114
RLC	Reedy Lagoon Corp.	0.008	14%	20,000	$3,967,037
TAS	Tasman Resources Ltd	0.008	14%	987,091	$4,698,361

Metro Mining (ASX:MMI) will expand production at the Bauxite Hills mine to 7 million tonnes per annum, thanks to a $45.5m loan from US investment manager Nebari Partners.

“The transaction minimises dilution and maximises value per share for shareholders compared to a dilutive equity raise, offering an NPV/share of ~A$0.0681 versus ~A$0.0412 if Metro had raised A$45M as equity,” MMI says.

The all-powerful FDA has approved Neuren Pharmaceuticals’ (ASX:NEU) DAYBUE, the first approved treatment for Rett syndrome.

Neuren will receive US$40 million on first commercial sale (April-May 2023), plus royalties on net sales, potential sales milestone payments and one third of the market value of the Rare Pediatric Disease Priority Review Voucher (PRV).

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%	6,634	$23,463,861
PRM	Prominence Energy	0.001	-33%	400,000	$3,636,913
MTL	Mantle Minerals Ltd	0.002	-20%	39,230	$13,364,013
VAL	Valor Resources Ltd	0.004	-20%	616,323	$18,865,174
PYR	Payright Limited	0.023	-18%	1,999	$5,865,402
AOA	Ausmon Resorces	0.005	-17%	71,714	$5,815,736
CT1	Constellation Tech	0.005	-17%	68,448	$8,827,202
OAU	Ora Gold Limited	0.0025	-17%	2,500	$11,810,775
PKO	Peako Limited	0.01	-17%	2,031,329	$4,550,583
XTC	Xantippe Res Ltd	0.005	-17%	68,111	$63,480,598

Explorer Peako (ASX:PKO) will raise $1.5m at 1c per share (a 17% discount to the last closing price) for exploration at the Eastman PGE project in the Kimberley.