Top 10 at 10: Which ASX stock just surged 300% on takeover talk?

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).

WebMD is buying employee wellbeing company Limeade (ASX:LME) for $0.425 per share/CDI – a big 325% premium to the last traded price.

The offer price implies a fully diluted market capitalisation for Limeade of approximately A$111.5 million.

Display advertising stock Adslot (ASX:ADS) is raising $4.26m via placement and entitlement offer at $0.004/sh.

That’s a 33.3% premium to the last closing price, and a 9.6% premium to the 30-day VWAP.

VRX Silica (ASX:VRX) is closer to getting those all-important environmental approvals for development of the Arrowsmith North silica sand project.

And explorer Marquee Minerals (ASX:MQR) and large capped miner MinRes (ASX:MIN) will accelerate the farm-in agreement in respect to the lithium (only) rights at MQR’s West Spargoville Project (WSP).

MinRes has now acquired an initial 25% interest in the lithium rights at WSP by funding ~$4.8m on exploration in less than 12 months.

LOSERS

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