Stockhead’s Top 10 at 10, published at 10.30am each trading day, highlights the best (and worst) performing ASX small caps 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).

Bicycle safety gear manufacturer Cycliq Group (ASX:CYQ) says strong sales during the December quarter improved its cash position from $766,000 to ~$1.7m by quarter end.

 

LOSERS

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

The Zambian Government has unexpectedly not renewed an exploration license over Argonaut Resources’ (ASX:ARE) ‘Lumwana West’ project, which includes the large Nyungu copper-cobalt deposit.

ARE believes there is corruption at play and has lodged an appeal.

Gold explorer Nelson Resources (ASX:NES) is raising $1.9m at a steep 27% discount to 10 day volume weighted average share price (VWAP).

Therapeutic antibody development company Patrys (ASX:PAB) says a maiden engineering run of its lead asset, PAT-DX1, resulted in lower drug product recoveries than expected.

Mid tier gold miner Regis Resources (ASX:RRL) has lowered full year production guidance to between 420,000oz-475,000oz from 460,000oz- 515,000oz following a wall slip at its Rosemont Main Pit “and other operational challenges”.