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 | MktCap |
|---|---|---|---|---|---|
| BYI | Beyond International | 0.75 | 50% | 2,800 | $30,668,484.00 |
| DDD | 3D Resources Limited | 0.0015 | 50% | 486,668 | $4,431,872.09 |
| AVW | Avira Resources Ltd | 0.004 | 33% | 100 | $6,356,370.00 |
| NZS | New Zealand Coastal | 0.004 | 33% | 168,962 | $3,381,015.09 |
| WBE | Whitebark Energy | 0.002 | 33% | 1,000,000 | $9,697,328.79 |
| BPP | Babylon Pump & Power | 0.005 | 25% | 80,000 | $9,831,085.37 |
| HSC | HSC Technology Group | 0.011 | 22% | 2,800,000 | $19,554,654.03 |
| MRD | Mount Ridley Mines | 0.006 | 20% | 29,405,896 | $29,726,363.15 |
| ADV | Ardiden Ltd | 0.007 | 17% | 946,800 | $16,010,012.14 |
| EDE | Eden Inv Ltd | 0.007 | 17% | 1,707,108 | $16,267,367.97 |
Today’s biggest winners include media company Beyond International (ASX:BYI) which has entered into a Scheme Implementation Deed pursuant where production and distribution player Banijay will acquire 100% of the share capital of the company.
Beyond is currently in production of its fourth original series with Netflix and has new commissions with Hulu, Disney+ and National Geographic.
The board has unanimously recommended that shareholders vote in favour of the scheme, and CEO and MD Mikael Borglund says joining the Banjay group would bolster the company’s standing in “an increasingly competitive market.”
Shareholders will receive $0.7744 cash per share, representing a 57% premium to the Beyond one-month volume weighted average price up to and including 30 September 2022
HSC Technology Group (ASX:HSC) has nabbed a $2.3m contract to supply next generation assistive technology solutions to Lendlease’s Retirement Living business as part of an upgrade and refurbishment process to the emergency call systems implemented across its retirement village portfolio, consisting of 75 retirement villages and over 16,000 residences.
And Mount Ridley Mines (ASX:MRD) has extended its rare earths footprint to more than 1,200km2 and flagged an the average assayed grade of 1,036ppm Total Rare Earth Element Oxide (TREO) and 26% Magnet REO in regional drilling.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | MktCap |
|---|---|---|---|---|---|
| GLV | Global Oil & Gas | 0.002 | -33% | 75,000 | $5,620,064.12 |
| JAV | Javelin Minerals Ltd | 0.001 | -33% | 1,067,000 | $14,181,229.16 |
| ARE | Argonaut Resources | 0.0015 | -25% | 1,665,000 | $10,857,075.89 |
| HPP | Health Plant Protein | 0.06 | -20% | 25,000 | $9,211,555.35 |
| MGG | Mogul Games Grp Ltd | 0.002 | -20% | 290,000 | $8,158,603.01 |
| CTO | Citigold Corp Ltd | 0.005 | -17% | 19,000 | $17,001,954.55 |
| ROG | Red Sky Energy. | 0.005 | -17% | 200,000 | $31,813,363.18 |
| APX | Appen Limited | 2.81 | -16% | 1,208,440 | $411,076,365.48 |
| CHK | Cohiba Min Ltd | 0.006 | -14% | 5,104,164 | $11,393,625.66 |
| DME | Dome Gold Mines Ltd | 0.2 | -13% | 29,060 | $80,523,951.28 |