Top 10 at 11: ReNu Energy up 100pc on hydrogen deal

Stockhead’s Top 10 at 11: a short, sharp update to help frame the trading day.

Pic: Getty Images

Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, which highlights the best (and sometimes worst) performing ASX stocks in morning trade using live data.

 

By doing this, we 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. Here’s what’s happened so far.

Pre-market, the ASX was expected to open lower, following a red session on Wall Street overnight after US jobs figures came in softer than expected, casting some small doubt over the Fed’s next move on interest rates.

At 8am, the ASX Futures index was pointing 0.04 per cent lower, and b y 10:20am the benchmark was down 0.1 per cent%.

Energy stocks will be on the radar today, after Brent crude prices spiked 3.3 per cent overnight to more than $US79.10/bbl, thanks to Hurricane Milton bearing down on the Florida coast and causing a sales spike and a predicted slowdown in US production.

WINNERS

Code	Description	Last	%	Volume	MktCap
OAR	OAR Resources Ltd	0.003	200%	18,255,027	$3,300,835
RNE	Renu Energy Ltd	0.002	100%	2,267,454	$845,245
JBY	James Bay Minerals	0.37	85%	3,046,378	$6,688,500
XF1	Xref Limited	0.21	56%	749,996	$25,526,241
TMK	TMK Energy Limited	0.003	50%	497,000	$15,183,224
VPR	Voltgroupltd	0.0015	50%	1,452,568	$10,716,208
ALR	Altairminerals	0.004	33%	34,000	$12,889,733
AMD	Arrow Minerals	0.002	33%	5,205,480	$19,072,296
CR1	Constellation Res	0.165	32%	30,000	$7,879,903
BPH	BPH Energy Ltd	0.015	25%	3,790,123	$14,604,394

A behind-doors offer for the hydrogen assets of ReNu Energy (ASX:RNE)  has been partially disclosed to the ASX today and shares are rocketing. This includes its Tasmanian green hydrogen project that was recently awarded an $8m grant from the Tasmanian Government based on delivering green hydrogen to customers.

James Bay Minerals (ASX:JBY) is up after announcing it had executed a definitive term sheet to purchase and earn-in up to 100% of the advanced, high-grade Independence gold project, located at Battle Mountain, Nevada in the US.

Tech HR platform Xref (ASX:XF1) has risen today after announcing that it is set to be acquired by jobs platform Seek (ASX:SEK).  XF1 said it had entered into an exclusivity deed with SEK following receipt of a non-binding indicative offer to acquire all of its shares for 21.81 cents in cash/share, by way of a scheme of arrangement.

LAGGARDS

Code	Company	Price	%	Volume	Market Cap
BP8	BPH Global Ltd	0.002	-33%	10,000	$1,189,924
WEB	WEB Travel Group Ltd	4.81	-32%	11,593,242	$2,759,488,410
PRX	Prodigy Gold NL	0.0015	-25%	20,000	$4,664,912
TMX	Terrain Minerals	0.003	-25%	505,164	$7,200,115
TYX	Tyranna Res Ltd	0.003	-25%	392,432	$13,151,701
YAR	Yari Minerals Ltd	0.003	-25%	125	$1,929,431
IMI	Infinity Mining	0.03	-21%	393,710	$5,158,277
88E	88 Energy Ltd	0.002	-20%	2,803,259	$72,334,530
BYH	Bryah Resources Ltd	0.004	-20%	82,000	$2,516,434
RMX	Red Mount Min Ltd	0.008	-20%	78,850	$3,873,578

At Stockhead we tell it like it is. While James Bay Minerals is a Stockhead advertiser at the time of writing, it did not sponsor this article.

Originally published as Top 10 at 11: ReNu Energy up 100pc on hydrogen deal