Top 10 at 10: WA1 Resources flies out of trading halt, but it isn’t the only big mover today

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 started trading.

WINNERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).

WA1 Resources (ASX:WA1) will raise $10m via placement at $2 per share, a 13% premium to the last closing price.

This is the first time the explorer has traded on the ASX since announcing a second niobium-REE discovery at the West Arunta project earlier this week.

Estrella Resources (ASX:ESR) has inked an ore processing and offtake deal with Glenore’s Murrin Murrin Operations for a bulk metallurgical sample from ESR’s 5A nickel mine in WA.

The commercial terms for the sale of the bulk metallurgical sample are confidential, “though the company expects it will see a positive financial return from the extraction of the sample at current high nickel prices”.

LOSERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).