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 – for better or worse – and then I do my best to make sense of who’s moving where and why it might be happening.

Anyway… here’s what’s been happening since the doors were opened this morning…

The ASX got off to a bumpy start this morning, with InfoTech stocks surging but the Materials sector has gone the other way thanks to the short-lived nature of the recent iron ore price spike, dragging the ASX 200 benchmark down by -0.25%.



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

Wordpress Table Plugin


Rex Minerals (ASX:RXM) was the early flyer on Monday morning, no news that it’s entered a scheme implementation deed that will see MACH Metals Australia buy the entire company for $0.47 per Rex share – which is a huge premium of 79% to Rex’s 30-day VWAP2 and 98% to the 90-day VWAP, valuing the company at $393 million.

Gold Mountain (ASX:GMN)  was also moving quickly on Monday, on news that the company has received assays from regional stream sediment sampling with widespread anomalies that cover a total area of approximately 80km2, signallingpotential for ultra-high grade hard rock monazite hosted REE-Nb-U-Sc mineralisation at its Down Under project.

Robotic technology company FBR (ASX:FBR) was up on news that its its first next-generation Hadrian X construction robot has arrived in the United States, where it will be transported to a facility in Fort Myers, Florida to undergo testing.

And Bastion Minerals (ASX:BMO) was up early on news that soil sampling has defined elevated lithium to 120 ppm north of the posttectonic granite (Agl) identified in government mapping, along with elevated tantalum (to 18 ppm), rubidium (to 234 ppm), tin (to 13 ppm) and cerium (to 115 ppm) occur in the south of the soil grid, at its 100% owned Split Rock Dam project in WA.



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

Wordpress Table Plugin