Top 10 at 11: An Indian IPO, takeover moves and mineral finds are moving the small caps today
Lots happening on the ASX this morning, so hopefully this will help you make sense of it all. Pic via Getty Images.
Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide 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 – for better or worse.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| TWER | Treasury Wine Estate | 0.095 | 76% | 151,751 | $4,124,847 |
| ODE | Odessa Minerals Ltd | 0.012 | 50% | 36,734,290 | $7,576,895 |
| FND | Findi Limited | 1.15 | 45% | 362,801 | $29,302,597 |
| A11 | Atlantic Lithium | 0.515 | 34% | 643,736 | $235,713,039 |
| VAR | Variscan Mines Ltd | 0.013 | 30% | 603,101 | $3,566,147 |
| ERW | Errawarra Resources | 0.255 | 28% | 5,033,032 | $19,184,134 |
| AD1 | AD1 Holdings Limited | 0.005 | 25% | 150,000 | $3,290,276 |
| ARD | Argent Minerals | 0.01 | 25% | 1,273,213 | $9,431,850 |
| EDE | Eden Inv Ltd | 0.0025 | 25% | 1,240,516 | $6,727,274 |
| SFG | Seafarms Group Ltd | 0.005 | 25% | 200,948 | $19,346,397 |
Findi (ASX:FND) – Up following news the company’s Indian subsidiary, Transaction Solutions International, has raised $37.6 million via placement ahead of its Indian IPO this week.
Atlantic Lithium (ASX:A11) – Up on news of a takeover offer from existing major shareholder Assore, at A$0.63 per share.
Errawarra Resources (ASX:ERW) – Continuing its climb from yesterday, off the back of recent news of a 3km anomalous gold trend find at the company’s Errabiddy project tenements.
Odessa Minerals (ASX:ODE) – Flying this morning on assay results from its Yinnetharra Lockier Range project, which have delivered 248 soil samples with Li2O > 100ppm, and identifying a 4km x 2km northwest-trending Li-Cs-Ta-Be-Rb-Bi anomaly at Robinson Bore coincident to the 16,500m of sub-cropping fractionated pegmatites.
Variscan Mines (ASX:VAR) – Up this morning on the heels of an investor presentation outlining the company’s focus on its Novales-Udias zinc project in Spain.
Argent Minerals (ASX:ARD) – Up on news that the company has discovered new copper zones at its Copperhead Ag-Cu-Zn and REE project in the Gascoyne Region of Western Australia.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| KEY | KEY Petroleum | 0.001 | -33% | 4,711,130 | $2,951,892 |
| MRQ | Mrg Metals Limited | 0.002 | -33% | 489,999 | $6,617,756 |
| AVE | Avecho Biotech Ltd | 0.004 | -20% | 1,276,457 | $13,491,460 |
| OAR | OAR Resources Ltd | 0.004 | -20% | 5,818,491 | $13,065,679 |
| TEM | Tempest Minerals | 0.009 | -18% | 34,545 | $5,625,218 |
| GSR | Greenstone Resources | 0.006 | -14% | 6,473 | $9,557,914 |
| TOR | Torque Met | 0.155 | -14% | 1,093,437 | $23,566,335 |
| M4M | Macro Metals Limited | 0.0035 | -13% | 5,774,358 | $7,948,311 |
| MTL | Mantle Minerals Ltd | 0.0035 | -13% | 1,349,534 | $24,589,783 |
| WYX | Western Yilgarn NL | 0.105 | -13% | 119,239 | $5,958,900 |
Delta Lithium (ASX:DLI) – Down after announcing successful completion of the institutional component of its current entitlement offer.
EBR Systems (ASX:EBR) – Down in the wake of the release of the CEO presentation at the Bell Potter Healthcare Conference.
Diverger (ASX:DVR) – Down following news that COG COG Financial Services has withdrawn its Non-Binding Indicative Offer for a Scheme of Arrangement to merge with Diverger for $1.41 per share.
Torque Metals (ASX:TOR) – Down on news of high grade lithium intercepts at the New Dawn project, including 6.44m @ 1.01% Li2O, from 222.07m.
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