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
NGY NuEnergy Gas Ltd 0.008 +60.00% 200.0k
PNX PNX METALS Ltd 0.008 +60.00% 16.6M
EMP Emperor Energy Ltd 0.003 +50.00% 1.0M
OEX Oilex Ltd 0.003 +50.00% 200.0k
XST XState Resources Ltd 0.003 +50.00% 1.3M
AUH AustChina Holdings Ltd 0.004 +33.33% 250.0k
MLS Metals Australia Ltd 0.002 +33.33% 500.0k
HT8 Harris Technology Group Ltd 0.02 +25.00% 4.0k
ALT Analytica Ltd 0.005 +25.00% 100.0k
KEY Key Petroleum Ltd 0.005 +25.00% 500.0k

It’s been a good morning for PNX Metals Limited (ASX: PNX), with assay results from the recent diamond drilling program at its Hayes Creek zinc-gold-silver project showing “massive sulphide mineralisation” zones.

These 10 stocks were lagging behind the pack at the opening bell:

Code Name Price ($) % Chg Volume
IS3 I Synergy Group Ltd 0.2 -20.00% 9.0k
UTR Ultracharge Ltd 0.002 -20.00% 1.4M
NEW Norwest Energy NL 0.002 -20.00% 340.0k
EPM Eclipse Uranium Ltd 0.002 -20.00% 200.0k
WRM White Rock Minerals Ltd 0.005 -16.67% 63.9k
IMS Impelus Ltd 0.006 -12.50% 1.2M
PUR Pursuit Minerals Ltd 0.007 -12.50% 2.4M
WWI West Wits Mining Ltd 0.014 -11.11% 31.8k
POW Protean Energy Ltd 0.008 -11.11% 92.3k
BPP Babylon Pump & Power Ltd 0.02 -10.53% 30.0k