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Top 10 out of 10: Takeover at 200 premium sends stocks skyrocketing, major gold stocks shine bright

Stockhead’s Top 10 at 10 list, published at 10:40am each trading day, highlights the best (and worst) performing ASX shares in morning trading based on live data.

This is a short, specific update that helps define the trading day by showing the biggest changes in percentage terms.

The market opens at 10:00 a.m. (EST) and data is downloaded at 10:15 a.m., when all ASX shares begin trading.

WINNERS

Stocks in yellow announced market movements (click on headlines to sort).

Security Description Last % volume MktCap
SCL Schrole Group limited liability company 0.44 175% 1,848,090 5,752,808
CNJ Conico limited liability company 0.002 100% 100,000 1,805,095
PGY Pilot Energia Limited Liability Company 0.025 39% 5,424,526 21 405 150
SHP Potash from the southern Harz 0.013 thirty% 5503379 8271850
COR Korab Resources 0.005 25% 25,000 1,468,200
TMR Tempus Resources Ltd 0.005 25% 1,000,000 4123995
1AG Alteria limited liability company 0.006 20% 50103 4310732
OSL Medical oncosil 0.006 20% 200,000 16,660,548
point of sale Posejdon Nick limited liability company 0.006 20% 480 663 18,567,674
RIL Redivium limited liability company 0.003 20% 471819 6,827,137

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Shares in Education SaaS company Schrole (ASX:SCL) will be acquired at a price of 48.52 cents per share, representing a massive 203% premium to Friday’s closing price.

The offer from Canadian private equity-backed TES also represents a premium of 47% to the highest recorded daily closing share price in the last 12 months.

Pilot Energy (ASX:PGY) receives $4 million for the placement at a 22% premium to the last closing price.

Gold stocks dominate early trading among large and mid-cap companies, led by Red 5 (ASX:RED), Capricorn (ASX:CMM), Bellevue (ASX:BGL), Resolute (ASX:RSG) and De Gray (ASX :DEG).

LOSERS

Stocks in yellow announced market movements (click on headlines to sort).

Security Description Last % volume MktCap
MHC Manhattan Corp. Limited 0.001 -50% 62,500 $5,873,960
LINEN Linius Tech Limited 0.001 -33% 24,000 $8,320,111
KPO Kalina Power limited liability company 0.003 -25% 50222 $9,945,576
MRQ MRG Metals Limited 0.003 -25% 1,801,886 $10,100,475
RLC Reedy Lagoon Company 0.003 -25% 99,400 $2,478,163
VML Vital Metals Limited 0.003 -25% 72140 $23,580,268
GRV Greenvale Energy Ltd 0.041 -23% 1,310,072 $24,312,631
EVR EV Resources Ltd 0.0055 -21% 115 333 $9,248,900
1TT Development of tribe technology 0.004 -20% 289,619 $1,883,108
Paramedic Emetal limited liability company 0.004 -20% 100,000 $4,250,000

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