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Top 10 at 11: McGrath real estate surges on takeover deal
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Stockhead’s Top 10 at 11, published 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 started trading.
The S&P/ASX200 is up today, is up gaining 58.80 points or 0.76% to 7,829.40 at 10.50 am (AEDT) with all sectors in the green.
WINNERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| JAV | Javelin Minerals Ltd | 0.002 | 100% | 2,470,000 | $2,176,231 |
| NRX | Noronex Limited | 0.015 | 36% | 17,244,901 | $5,153,249 |
| MRD | Mount Ridley Mines | 0.002 | 33% | 200,000 | $11,677,324 |
| JPR | Jupiter Energy | 0.021 | 31% | 11,600 | $20,378,435 |
| MEA | McGrath Ltd | 0.59 | 26% | 889,544 | $74,813,429 |
| CTN | Catalina Resources | 0.005 | 25% | 180,261 | $4,953,948 |
| FAU | First Au Ltd | 0.0025 | 25% | 370,000 | $3,323,987 |
| WML | Woomera Mining Ltd | 0.005 | 25% | 2,252,290 | $4,872,556 |
| OPL | Opyl Limited | 0.031 | 24% | 31,250 | $4,228,223 |
| IVX | Invion Ltd | 0.006 | 20% | 160,000 | $32,122,661 |
Shares in real estate company McGrath (ASX:MEA) are up 26% in morning trade after founder and CEO John McGrath struck a 60c/share takeover deal with a consortium of global real estate consultancy Knight Frank and New Zealand’s largest private held real estate agency Bayleys.
According to the ASX announcement McGrath will receive the unlisted scrip alternative for his 23.3% stake, and will continue as CEO, backed by his existing management, of the business in the deal valuing MEA at ~$95.5m.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Description | Last | % | Volume | MktCap |
|---|---|---|---|---|---|
| AXP | AXP Energy Ltd | 0.001 | -50% | 10,092,651 | $11,649,361 |
| RMX | Red Mount Mining | 0.001 | -50% | 3,400,000 | $5,347,152 |
| RFT | Rectifier Technologies | 0.02 | -44% | 6,417,349 | $49,751,422 |
| ADX | ADX Energy Ltd | 0.1175 | -38% | 8,284,218 | $81,478,288 |
| RML | Resolution Minerals | 0.002 | -33% | 1,300,000 | $3,779,990 |
| SIH | Sihayo Gold Limited | 0.001 | -33% | 350,000 | $18,306,384 |
| VPR | Volt Power Group | 0.001 | -33% | 200,155 | $16,074,312 |
| IS3 | I Synergy Group Ltd | 0.007 | -22% | 118,000 | $2,736,723 |
| ROG | Red Sky Energy. | 0.004 | -20% | 73,395 | $27,111,136 |
| EOS | Electro Optic Systems | 1.705 | -18% | 821,969 | $356,170,892 |
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