Today’s ASX top stocks: Marley Spoon AG (MMM ↑14.3%), Magnetic Resources NL (MAU ↑6.3%)

Posted: 21 December 2021 12:36 pm
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The 10 biggest movers on the ASX.

The best performing companies in ASX trading so far today were Marley Spoon AG (MMM, up 14.3%) and Magnetic Resources NL (MAU, up 6.3%).

Biggest movers on the ASX Tuesday 21 December 2021

Marley Spoon AG (MMM) was the top mover on the ASX today on acquisition news.

The company announced that it is purchasing ready-to-heat meal company Chefgood.

According to the ASX announcement Marley Spoon will acquire 100% share of the capital for up to AUD$21 million.

Rolf Weber, managing director for Australia, global CEO and member of the management board of Marley Spoon, states that he is looking forward to working with the Chefgood founder and CEO Michelle Sievwright and team to grow the brand and to serve Marley Spoon customers even more of what they want.

"We are very excited to be partnering with Michelle and the Chefgood team since we share the same vision of making our customers' lives easier with easy, tasty and high-quality meal solutions," he said in a statement to the ASX.

Shares in the company rose 14.3% to $0.80.

Marley Spoon AG works in the consumer services sector.

Learn more about investing in Marley Spoon AG in Finder's full guide.

The second-best mover was Magnetic Resources NL (MAU), the materials company. Its shares rose 6.3% to reach $1.52.

However, the company did not make any announcements.

Find out more about investing in Magnetic Resources NL in Finder's full guide.

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Here's a fuller list of the biggest movers on the market so far today.

StockPrice% change
Marley Spoon AG (MMM)$0.8014.3%
Magnetic Resources NL (MAU)$1.526.3%
OFX Group (OFX)$2.275.6%
Telix Pharmaceuticals (TLX)$7.795.3%
Grange Resources (GRR)$0.694.5%
Estia Health (EHE)$2.314.5%
Nanosonics (NAN)$6.154.2%
Washington H. Soul Pattinson and Company (SOL)$30.743.9%
Magellan Financial Group (MFG)$20.473.9%
New Hope Corporation (NHC)$2.173.3%

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Each weekday we round up the best performing stocks on the Australian Securities Exchange (ASX), ranked by price percentage from market open to 11am. To avoid higher price volatility we only include stocks with market caps of more than $200 million. Price changes are calculated by 11am on the trading day, but these prices may be subject to minor variation depending on data availability.

Need a better share trading platform? Check out Finder's full review of the best online brokers in Australia right now.

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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