Top 10 at 11: Takeover talks and great drugs have everyone excited, but Credit Corp’s found a $45m hole
"Come on, Barry... just let it go. It's not worth the agro, mate – because you know, deep down, that he's right. You are a massive scaly bastard." 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 |
|---|---|---|---|---|---|
| NOX | Noxopharm Limited | 0.14 | 46% | 1,720,795 | $28,054,843 |
| CTN | Catalina Resources | 0.004 | 33% | 665,591 | $3,715,461 |
| LPI | Lithium Pwr Int Ltd | 0.54 | 30% | 6,508,762 | $261,133,587 |
| PUR | Pursuit Minerals | 0.01 | 25% | 500,900 | $23,551,771 |
| SCL | Schrole Group Ltd | 0.32 | 23% | 9,500 | $9,273,572 |
| GES | Genesis Resources | 0.006 | 20% | 455,000 | $3,914,206 |
| RML | Resolution Minerals | 0.006 | 20% | 1,000,033 | $6,286,459 |
| SXL | Sthn Cross Media | 0.86 | 18% | 283,499 | $175,126,379 |
| BPH | BPH Energy Ltd | 0.03 | 15% | 20,542,409 | $26,541,824 |
| ADN | Andromeda Metals Ltd | 0.023 | 15% | 5,724,686 | $62,200,169 |
Noxopharm (ASX:NOX) – Up this morning on news that new data shows its SOF-VAC mRNA vaccine enhancer significantly reduces inflammation driven by mRNA in an animal model.
Lithium Power International (ASX:LPI) – Up because LPI has entered into a binding scheme implementation deed under which Codelco will acquire 100% of LPI at $0.57 a share.
Southern Cross Media Group (ASX:SXL) – Up after a takeover deal landed from ARN Media (ASX:A1N) and Anchorage Capital Partners, offering 0.753 ARN ordinary shares and $0.296 cash per share.
Andromeda Metals (ASX:ADN) – Up this morning on news of a binding offtake deal with Foshan Gaoming Xing-Yuan Machinery Co, for high-quality kaolin from The Great White Project (GWP) during the first 5 years of production.
LOSERS
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| CCP | Credit Corp Group | 13.3 | -23% | 431,045 | $1,172,791,929 |
| BCA | Black Canyon Limited | 0.12 | -20% | 26,000 | $9,846,657 |
| BM8 | Battery Age Minerals | 0.2 | -17% | 528,160 | $21,392,853 |
| CZN | Corazon Ltd | 0.012 | -14% | 5,000 | $8,618,371 |
| PUA | Peak Minerals Ltd | 0.003 | -14% | 300,000 | $3,644,818 |
| 1AG | Alterra Limited | 0.007 | -13% | 15,000 | $5,572,420 |
| 1ST | 1St Group Ltd | 0.008 | -11% | 982 | $12,752,921 |
| EFE | Eastern Resources | 0.008 | -11% | 939,999 | $11,177,518 |
| OSL | Oncosil Medical | 0.008 | -11% | 1,675,000 | $17,782,570 |
| RMX | Red Mount Min Ltd | 0.004 | -11% | 100,000 | $12,031,092 |
Black Canyon (ASX:BCA) – Down after announcing fresh manganese hits at the Pickering and Damsite Prospects within the Balfour Manganese Field.
Battery Age Minerals (ASX:BM8) – Down after releasing a company update which, on the surface, doesn’t look to be particularly bad or anything.
Credit Corp Group (ASX:CCP) – Down after dropping a revised guidance, showing that the company anticipates impairment of the carrying value of its US Purchased Debt Ledger (PDL) assets, which is set to knock about $45 million of the company’s NPAT.
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