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.

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.

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

 

WINNERS

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

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Breast cancer detection software company Volpara Health Technologies (ASX:VHT) is surging this morning on news that the NZ-based company has entered into a scheme implementation agreement with Korean exchange-listed Lunit – also in the business of cancer detection – under which Lunit has agreed to acquire all of Volpara’s shares at a price of A$1.15 per share.

RTG Mining (ASX:RTG) is up after the company confirmed multiple styles of mineralisation and more encouraging gold and copper grades along 6.5km of skarns and new structures at its 90% owned Chanach gold-copper project in the Kyrgyz Republic, which I have been assured is a real place.

Battery Minerals (ASX:BAT) is continuing its rapid rise of the past few days, up another 25% in very early trade this morning.

Top Shelf International Holdings (ASX:TSI) is moving up this morning, but the only news there is that a bunch of fully-paid shares are coming out of voluntary escrow in a week or so. The company is still in the process of sorting out a breach of ASX listing rule 10.11 – which covers the provision of shares to a person in a position of influence without shareholder approval.

 

LOSERS

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

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Arafura Rare Earths (ASX:ARU) is showing a drop, after revealing that it has completed the bookbuild for an upsized placement at an issue price of A$0.16 per share, with demand pushing the placement to a total of $25 million, up from $20 million.

Melodiol Global Health (ASX:ME1) is down this morning, following its response to a ‘please explain’ from the ASX, regarding the circumstances surrounding the scuttling of negotiations with Panacea Life Sciences for the purchase of Sierra Sages Herbs and Halucenex Life Sciences earlier this month.

Maximus Resources (ASX:MXR) is falling this morning, despite announcing that its recent wide-spaced recon drill program has intersected fertile LCT pegmatites with strong fractionation, up to 18m thick, from 27 out of 30 holes at its Lefroy lithium project, a joint venture with the Korea Mine Rehabilitation and Mineral Resources Corporation.