Lots happening on the ASX this morning, so hopefully this will help you make sense of it all. Pic via Getty Images.
Top 10 at 11: An Indian IPO, takeover moves and mineral finds are moving the small caps today
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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.
