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).

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Advanced lithium explorer Essential Metals (ASX:ESS) has received a takeover offer from Tianqi Lithium Energy Australia Pty Ltd (TLEA), a JV between $US19bn capped Tianqi Lithium (51%) and  $10.5bn IGO Limited (ASX:IGO) (49%).

The deal values ESS at ~$136m, or 50c per share –a 44.9% premium to the last closing price.

Australian medical technology company LBT Innovations (ASX:LBT) has been engaged by global biopharma AstraZeneca for the full product development for its APAS Pharma product.

And helium company Grand Gulf Energy (ASX:GGE) has expanded an existing Gas Sales & Processing Agreement (GSPA) with Paradox Resources to include the Jesse-2 well.

Paradox is owner of the advanced Lisbon helium processing plant, 20 miles north of GGE’s Red helium project.

“The expansion of the offtake agreement with Paradox continues the relationship with a proven helium refiner and seller with deep helium processing and marketing experience,” GGE managing director Dane Lance says.

“Grand Gulf is well placed to capitalise on one of the world’s most critically scare commodities with the ability to quickly monetise a commercial well with minimal time and cost.”

 

LOSERS

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

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