Top 10 at 10: Which ASX stocks are getting the stamp of approval 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 commenced trading.

WINNERS

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

Code	Company	Price	%	Volume	Market Cap
AMD	Arrow Minerals	0.004	60%	22,200,000	$4,559,829.40
88E	88 Energy Ltd	0.0135	23%	56,318,985	$182,712,281.47
IOU	Ioupay Limited	0.085	18%	7,135,491	$39,888,868.68
MKL	Mighty Kingdom Ltd	0.035	17%	120,000	$3,803,730.72
CTO	Citigold Corp Ltd	0.007	17%	50,000	$17,001,954.55
ZLD	Zelira Therapeutics	2.3	16%	23,418	$18,962,689.68
RRR	Revolverresources	0.305	15%	46,161	$22,485,899.78
KFE	Kogi Iron Ltd	0.004	14%	126,000	$5,661,522.15
FOD	The Food Revolution	0.025	14%	140,324	$20,828,756.78
SRZ	Stellar Resources	0.017	13%	117,646	$12,589,539.39

The biggest winners are led by Arrow Minerals (ASX:AMD) who came out with a double whammy today.

The company is divesting its Strickland copper-gold project in WA to Dreadnought Resources (ASX:DRE) to focus on its West African assets and it’s picking up the Simandou North iron ore project in Guinea.

Arrow will acquire a 60.5% controlling interest in private company Amalgamated Minerals which holds a 100% interest in Simandou.

It’s kind of a big deal because the project lies at the northern end of the Simandou Range and forms an extension of the stratigraphy that hosts one of the largest undeveloped high-grade iron deposits in the world, including Rio Tinto’s (ASX:RIO) Simandou Project with a total measured, indicated and inferred mineral resource estimate of 2 billion tonnes grading 65.5% iron.

Plus, Arrow will retain exposure to potential upside at Strickland through a conditional $1m payment on identification of a Mineral Resource of 500,000oz gold equivalent and a 1% NSR Royalty.

Also amongst the winners is IOUpay (ASX:IOU) who’ve nabbed Shariah Compliance Certification in Malaysia and signed agreement with the amazingly named Islamic Payment Gateway PayHalal.

The company says this opens access to new communities of consumers and merchants (more than 60% of Malaysia’s population follows the Muslim faith tradition).

It also positions IOUpay to develop opportunities with Islamic banks & non-bank financial institutions for instalment plan-based consumer finance programs and expand into additional countries with large Islamic populations.

And Zelira Therapeutics (ASX:ZLD) is also on the approvals train, securing formal regulatory approval in Germany for its Zenivol cannabinoid-based insomnia medication.

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%	650,000	$34,940,161.69
SIH	Sihayo Gold Limited	0.002	-33%	232,929	$18,306,384.27
NTL	New Talisman Gold	0.0015	-25%	395,588	$6,254,450.73
DDD	3D Resources Limited	0.002	-20%	2,782,852	$11,079,680.23
ATX	Amplia Therapeutics	0.094	-18%	200,456	$22,310,636.64
NES	Nelson Resources.	0.012	-14%	200,000	$4,120,160.30
MMG	Monger Gold Ltd	0.2	-13%	37,580	$9,209,200.00
HLX	Helix Resources	0.007	-13%	6,579,927	$18,585,166.74
ROO	Roots Sustainable	0.0035	-13%	504,996	$2,998,530.75
FRS	Forrestaniaresources	0.14	-13%	89,050	$4,973,808.64