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 commenced trading.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| RKN | Reckon Limited | 1.32 | 51% | 417,696 | $99,132,978.00 |
| ALT | Analytica Limited | 0.002 | 33% | 2,100,023 | $6,920,701.69 |
| AMD | Arrow Minerals | 0.004 | 33% | 100,000 | $5,471,795.28 |
| PNX | PNX Metals Limited | 0.005 | 25% | 105,000 | $17,776,231.23 |
| FIN | FIN Resources Ltd | 0.026 | 24% | 4,038 | $11,684,501.01 |
| XRG | Xreality Group Ltd | 0.04 | 21% | 293,161 | $11,116,728.28 |
| CFO | Cfoam Limited | 0.006 | 20% | 671,666 | $3,669,203.17 |
| IPB | IPB Petroleum Ltd | 0.015 | 15% | 405,198 | $4,379,113.28 |
| NOV | Novatti Group Ltd | 0.23 | 15% | 530,616 | $67,059,504.20 |
| ESH | Esports Mogul Ltd | 0.004 | 14% | 25,000 | $11,276,978.87 |
Accounting software company Reckon (ASX:RKN) will sell its sell its Accountants Practice Management Group for $100 million in an all cash deal.
Most of the proceeds are proposed to be returned to shareholders via a partially franked special dividend.
Following the transaction, $100m market cap Reckon “would be a focused, cloud-based business with exposure to high growth markets in Australia and the United States that delivered ~$50 million in revenue and EBITDA of $17 million in FY2021,” the company says.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| RIM | Rimfire Pacific | 0.007 | -22% | 200,000 | $16,256,202.62 |
| RBX | Resource B | 0.2 | -17% | 200,172 | $9,767,423.76 |
| ICE | Icetana Limited | 0.029 | -15% | 144,999 | $5,806,863.16 |
| MRI | Myrewardsinternation | 0.059 | -14% | 240,000 | $9,086,421.77 |
| 9SP | 9 Spokes Int Limited | 0.003 | -14% | 31,300 | $5,226,680.32 |
| CAD | Caeneus Minerals | 0.006 | -14% | 300,000 | $32,624,235.52 |
| OEX | Oilex Ltd | 0.003 | -14% | 125,001 | $25,087,267.46 |
| LPE | Locality Planning | 0.052 | -13% | 78,162 | $10,270,124.16 |
| DSE | Dropsuite Ltd | 0.165 | -13% | 293,759 | $129,554,937.48 |
| MLS | Metals Australia | 0.1 | -13% | 7,352,851 | $50,025,281.29 |