Top 10 at 10: Which ASX stock is proposing a share buyback?

Pic: Zachary Scott, Stone/ Via Getty Images

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
COY	Coppermoly Limited	0.01	25%	219,748	$17,551,655.43
DDD	3D Resources Limited	0.004	33%	100,000	$12,545,616.28
EQE	Equus Mining Ltd	0.17	17%	1,100	$25,241,158.33
ESH	Esports Mogul Ltd	0.004	14%	74,900	$11,276,978.87
GFN	Gefen Int	0.17	17%	98,500	$8,858,175.57
ICI	Icandy Interactive	0.084	12%	3,411,315	$95,007,367.65
IPT	Impact Minerals	0.0115	15%	149,320	$21,904,615.86
JAV	Javelin Minerals Ltd	0.0015	50%	551,290	$9,354,152.77
LNY	Laneway Res Ltd	0.005	25%	1,168,538	$25,208,065.64
WRK	Wrkr Ltd	0.018	13%	137,805	$19,575,103.54

iCandy Interactive Ltd (ASX:ICI) is proposing an on-market share buy-back.

The videogame developer intends to buy back up to a maximum of 135m shares representing ~11% of the its issued shares, subject to shareholder approval.

“The Board, in its consideration, views that the Company’s current share price does not accurately reflect the underlying value of the Company’s assets and growth potentials, hence the Share BuyBack represents an opportunity for the Company to add value to the remaining shares on issue,” ICI says.

LOSERS

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

Code	Company	Price	%	Volume	Market Cap
ANL	Amani Gold Ltd	0.001	-33%	1,327	$34,940,161.69
AO1	Assetowl Limited	0.002	-20%	150	$3,930,324.40
BPH	BPH Energy Ltd	0.025	-32%	7,625,565	$24,603,085.29
IR1	Irismetals	0.41	-35%	145,920	$31,878,000.00
KPO	Kalina Power Limited	0.023	-12%	22,324	$39,306,227.61
MEB	Medibio Limited	0.003	-14%	32,000	$8,389,465.43
NUF	Nufarm Limited	5.12	-12%	1,448,144	$2,219,311,871.04
OLY	Olympio Metals Ltd	0.2	-96%	591,442	$188,834,739.20
TAH	TABCORP Holdings Ltd	1.0925	-80%	9,188,800	$11,885,620,894.02
TPD	Talon Energy Ltd	0.007	-13%	788,125	$67,180,316.20

Failed hemp farmer Croplogic has been reskinned and relisted as WA gold and lithium explorer Olympio Metals (ASX:OLY), which raised $6m at 20c per share.

Tabcorp Holdings (ASX:TAH) is demerging its lucrative Lotteries and Keno business into The Lottery Corporation (ASX:TLC), which raked in massive EBITDA of $611m in FY21.

TLC is due to list at 11am AEST today.