Top 10 at 10: These ASX stocks are blasting away this morning

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

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 stock has commenced trading.

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

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Phoslock Environmental Technologies Limited (ASX: PET) rose strongly, after announcing a successful trial of its phosphorous reduction technology in China.

The Yuxi County Government has now approved the use of its Phoslock product for the entire Xingyun Lake Watershed area.

On the other side of the ledger, IT company Adacel Technologies (ASX: ADA) slumped after announcing an anticipated pre-tax loss of $1.7m – $1.9m in FY19, well down from last year’s pre-tax profit of $10.2m.

These 10 companies were lagging the pack in morning trade: