Top 10 at 11: Twin takeovers and fresh mining rights are making the news today

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.

Briefly, here’s what’s been happening already this morning: Local markets are higher this morning, after Wall Street rallied hard on the back of US producer prices (PPI) coming in softer than expected, setting the stage for favourable US CPI data which is due to land tonight (our time).

WINNERS

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

Code	Description	Last	%	Volume	MktCap
LVH	Livehire Limited	0.0465	93.8	12,776,320	$8,870,350
NRZ	Neurizer Ltd	0.004	33.3	875,000	$6,511,797
88E	88 Energy Ltd	0.0025	25.0	525,908	$57,867,624
FFF	Forbidden Foods	0.016	23.1	785,751	$2,953,905
EVG	Evion Group NL	0.03	20.0	4,639,427	$8,674,080
BUY	Bounty Oil & Gas NL	0.006	20.0	932,508	$7,492,505
ESR	Estrella Res Ltd	0.006	20.0	1,605,650	$8,796,859
LML	Lincoln Minerals	0.006	20.0	16,166	$10,281,298
VML	Vital Metals Limited	0.003	20.0	500,000	$14,737,667
TTT	Titomic Limited	0.215	19.4	4,976,381	$184,542,862

LiveHire (ASX:LVH) was soaring this morning after news broke that MA Moelis Australia, on behalf of Humanforce Holdings, has launched an on-market takeover of Livehire, offering $0.045 per share – a substantial premium to the stock’s overnight close of $0.024 per share. The offer to purchase shares at that price will remain open until 30 September.

Forbidden Foods (ASX:FFF) is also climbing on news of a acquisition, this time via a share purchase agreement (SPA) that has been executed to purchase leading plant-based non-dairy business Oat Milk Goodness, under which Forbidden Foods will acquire 100% of the shares in OMG for a consideration of $3.42m via the issue of 285m ordinary shares priced at 1.2c per share, subject to conditions precedent and shareholder approval.

Evion Group (ASX:EVG) was up on news that the Madagascan government has confirmed a new Mining Code which includes granting of development and production licences for compliant graphite projects, and has set out a programme for the issuing of new mining permits.

Estrella Resources (ASX:ESR) was rising on news that the company has applied for four additional highly prospective Exploration and Evaluation Licences in Baucau Municipality, Timor-Leste, covering 194.4km2 and valid for four years. Estrella says that manganese mineralisation has already been spotted from surface within the application area.

Titomic (ASX:TTT) was up on news that it has received further purchase orders from a global U.S. aerospace and defence prime totalling $577,000, and says that the orders represent “a significant milestone in the Company’s relationship with this global U.S. aerospace and defence prime reflecting a qualification period spanning several years with this order taking cumulative orders on this project to over A$1.0 million”.

LAGGARDS

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

Code	Company	Price	%	Volume	Market Cap
LSR	Lodestar Minerals	0.001	-50.0	82,714	$5,201,560
SHO	Sportshero Ltd	0.003	-25.0	10,125	$2,471,331
SI6	SI6 Metals Limited	0.0015	-25.0	305,000	$4,737,719
MOZG	Cbnd 8% 09-24 3M Qet	0.3	-25.0	2,904	$5,821,994
AUK	Aumake Limited	0.007	-22.2	19,368,525	$17,229,661
TTI	Traffic Technologies	0.004	-20.0	17,187	$4,864,426
NVO	Novo Resources Corp	0.09	-14.3	140,438	$9,393,112
CRR	Critical Resources	0.006	-14.3	912,723	$12,462,452
RNE	Renu Energy Ltd	0.003	-14.3	13,464,139	$2,541,469
TM1	Terra Metals Limited	0.0485	-13.4	907,743	$20,405,207