At the start of every trading day, it can be useful to know which stocks are humming out of the gate.

Often, the moves are part of the usual market ructions in small caps, but sometimes a big announcement can cause a stock to rocket higher (or fall).

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade.

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every stock has commenced trading.

Stocks highlighted in yellow have made potentially market-moving announcements:

CodeNamePrice ($)% ChgVolume
AKNAuking Mining Ltd0.002+100.00%382.0k
CAVCarnavale Resources Ltd0.003+50.00%103.6k
RLCReedy Lagoon Corp Ltd0.005+25.00%100.0k
ANLAmani Gold Ltd0.003+20.00%669.0k
AQXAlice Queen Ltd0.01+20.00%841.2k
EVEEVE Investments Ltd0.01+20.00%17.7M
LMLLincoln Minerals Ltd0.01+20.00%20.0k
KZRKalamazoo Resources Ltd0.13+18.18%8.4k
BOTBotanix Pharmaceuticals Ltd0.17+17.86%12.4M
CIOConnected IO Ltd0.0035+16.67%600.0k

Illiquid resources minnow Auking Mining (ASX: AKN) doubled up, while EVE Investments (ASX: EVE) rose strongly after providing a market update on its wholly-owned subsidiary Meluka Honey.

On the flipside, Arafura Resource (ASX: ARU) fell sharply after announcing a new capital raise.

These 10 companies are off to a slow start today:

CodeNamePrice ($)% ChgVolume
PCLPancontinental Oil & Gas NL0.001-33.33%72.0k
ARUArafura Resources Ltd0.1-20.00%8.8M
RFNReffind Ltd0.004-20.00%16.7k
MNCMetminco Ltd0.002-20.00%250.0k
MGTMagnetite Mines Ltd0.004-20.00%4.0M
IHRintelliHR Holdings Ltd0.08-19.00%37.9k
DTMDart Mining NL0.005-16.67%4.0M
AEVAvenira Ltd0.01-14.29%1.3M
MBKMetal Bank Ltd0.01-12.50%757.2k
BNLBig Star Energy0.01-12.50%71.0k