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:

Code Name Price ($) % Chg Volume
AKN Auking Mining Ltd 0.002 +100.00% 382.0k
CAV Carnavale Resources Ltd 0.003 +50.00% 103.6k
RLC Reedy Lagoon Corp Ltd 0.005 +25.00% 100.0k
ANL Amani Gold Ltd 0.003 +20.00% 669.0k
AQX Alice Queen Ltd 0.01 +20.00% 841.2k
EVE EVE Investments Ltd 0.01 +20.00% 17.7M
LML Lincoln Minerals Ltd 0.01 +20.00% 20.0k
KZR Kalamazoo Resources Ltd 0.13 +18.18% 8.4k
BOT Botanix Pharmaceuticals Ltd 0.17 +17.86% 12.4M
CIO Connected IO Ltd 0.0035 +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:

Code Name Price ($) % Chg Volume
PCL Pancontinental Oil & Gas NL 0.001 -33.33% 72.0k
ARU Arafura Resources Ltd 0.1 -20.00% 8.8M
RFN Reffind Ltd 0.004 -20.00% 16.7k
MNC Metminco Ltd 0.002 -20.00% 250.0k
MGT Magnetite Mines Ltd 0.004 -20.00% 4.0M
IHR intelliHR Holdings Ltd 0.08 -19.00% 37.9k
DTM Dart Mining NL 0.005 -16.67% 4.0M
AEV Avenira Ltd 0.01 -14.29% 1.3M
MBK Metal Bank Ltd 0.01 -12.50% 757.2k
BNL Big Star Energy 0.01 -12.50% 71.0k