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

Large percentage moves in small caps aren’t uncommon, 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
SUR Sun Resources NL 0.002 +100.00% 1.0M
IDZ Indoor Skydiving Australia Group 0.01 +87.50% 719.1k
ADV Ardiden Ltd 0.003 +50.00% 328.0k
CAD Caeneus Minerals Ltd 0.0015 +50.00% 105.5k
CLZ Classic Minerals Ltd 0.0015 +50.00% 850.0k
TSC Twenty Seven Co Ltd 0.003 +50.00% 250.0k
RXH Rewardle Holdings Ltd 0.004 +33.33% 65.3k
HOR Horseshoe Metals Ltd 0.01 +28.57% 25.0k
NOR Norwood Systems Ltd 0.005 +25.00% 3.0M
WCN White Cliff Minerals Ltd 0 +25.00% 1.0M

Sun Resources (ASX: SUR) got a double up courtesty of a new share placement to sophisticated investors. The company plans to issue 75m shares at 0.2 cents to raise $150k.

And Indoor Skydive Australia Group (ASX:IDZ) also surged after the company announced it had entered into an agreement for the sale of its Perth indoor skydiving facility.

These 10 stocks fell behind the pack at the opening bell:

Code Name Price ($) % Chg Volume
XST XState Resources Ltd 0.002 -33.33% 100.0k
SBR Sabre Resources Ltd 0.003 -25.00% 100.0k
RFN Reffind Ltd 0.003 -25.00% 2.0k
MGL Magontec Ltd 0.03 -24.24% 588k
UTR Ultracharge Ltd 0.002 -20.00% 83.4k
OVL Oro Verde Ltd 0.002 -20.00% 102.3k
ANL Amani Gold Ltd 0.002 -20.00% 186.9k
FNT Frontier Resources Ltd 0.01 -17.65% 3.1M
PSM Peninsula Mines Ltd 0.0025 -16.67% 167.7k
MRQ MRG Metals Ltd 0.005 -16.67% 250.0k