Top 10 at 11: ReNu Energy up 100% on hydrogen deal

News Nadine McGrath
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Pic: Getty Images

Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, which is meant 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 that have made announcements.

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading. Here’s what’s happened so far.

Pre-market, the ASX was expected to open lower, following a red session on Wall Street overnight after US jobs figures came in softer than expected, casting some small doubt over the Fed’s next move on interest rates.

At 8am, the ASX Futures index was pointing 0.04% lower, and b y 10:20am the benchmark was down 0.1%.

Energy stocks will be on the radar today, after Brent crude prices spiked 3.3% overnight to more than US$79.10/bbl, thanks to Hurricane Milton bearing down on the Florida coast and causing a sales spike and a predicted slowdown in US production.

 

WINNERS

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

Code Description Last % Volume MktCap
OAR OAR Resources Ltd 0.003 200% 18,255,027 $3,300,835
RNE Renu Energy Ltd 0.002 100% 2,267,454 $845,245
JBY James Bay Minerals 0.37 85% 3,046,378 $6,688,500
XF1 Xref Limited 0.21 56% 749,996 $25,526,241
TMK TMK Energy Limited 0.003 50% 497,000 $15,183,224
VPR Voltgroupltd 0.0015 50% 1,452,568 $10,716,208
ALR Altairminerals 0.004 33% 34,000 $12,889,733
AMD Arrow Minerals 0.002 33% 5,205,480 $19,072,296
CR1 Constellation Res 0.165 32% 30,000 $7,879,903
BPH BPH Energy Ltd 0.015 25% 3,790,123 $14,604,394
WordPress Table

 

A behind-doors offer for the hydrogen assets of ReNu Energy (ASX:RNE)  has been partially disclosed to the ASX today and shares are rocketing. This includes its Tasmanian green hydrogen project that was recently awarded an $8m grant from the Tasmanian Government based on delivering green hydrogen to customers.

James Bay Minerals (ASX:JBY) is up after announcing it had executed a definitive term sheet to purchase and earn-in up to 100% of the advanced, high-grade Independence gold project, located at Battle Mountain, Nevada in the US.

Tech HR platform Xref (ASX:XF1) has risen today after announcing that it is set to be acquired by jobs platform Seek (ASX:SEK).  XF1 said it had entered into an exclusivity deed with SEK following receipt of a non-binding indicative offer to acquire all of its shares for 21.81 cents in cash/share, by way of a scheme of arrangement.

 

LAGGARDS

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

Code Company Price % Volume Market Cap
BP8 BPH Global Ltd 0.002 -33% 10,000 $1,189,924
WEB WEB Travel Group Ltd 4.81 -32% 11,593,242 $2,759,488,410
PRX Prodigy Gold NL 0.0015 -25% 20,000 $4,664,912
TMX Terrain Minerals 0.003 -25% 505,164 $7,200,115
TYX Tyranna Res Ltd 0.003 -25% 392,432 $13,151,701
YAR Yari Minerals Ltd 0.003 -25% 125 $1,929,431
IMI Infinity Mining 0.03 -21% 393,710 $5,158,277
88E 88 Energy Ltd 0.002 -20% 2,803,259 $72,334,530
BYH Bryah Resources Ltd 0.004 -20% 82,000 $2,516,434
RMX Red Mount Min Ltd 0.008 -20% 78,850 $3,873,578
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At Stockhead we tell it like it is. While James Bay Minerals is a Stockhead advertiser at the time of writing, it did not sponsor this article.

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