Top 10 at 10: 3D printed engines and a rejected takeover bid

Pic: Via getty

Stockhead’s Top 10 at 10, published at ~10.40am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data.

It’s 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.

WINNERS

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

Security	Description	Last	%	Volume	MktCap
VPR	Volt Power Group	0.0015	50%	379,336	$10,716,208
A3D	Aurora Labs Limited	0.043	39%	6,299,211	$8,977,850
IEC	Intra Energy Corp	0.002	33%	505,560	$2,536,172
LPD	Lepidico Ltd	0.004	33%	8,673,727	$22,914,924
SIH	Sihayo Gold Limited	0.002	33%	250,000	$18,306,384
TD1	Tali Digital Limited	0.002	33%	252,945	$4,942,733
QOR	Qoria Limited	0.405	29%	1,721,654	$369,131,455
AIV	Activex Limited	0.015	25%	7,216	$2,586,031
LNU	Linius Tech Limited	0.0025	25%	5,166,681	$10,393,481
MCT	Metalicity Limited	0.0025	25%	124,615	$8,970,108

3D metal printing stock Aurora Labs (ASX:A3D) successfully manufactures an Australian gas turbine engine with 3D metal printed parts.

There’s a lot of market interest as well, it says. The current model, 200N, will be available in the market as early as next month with “application not only to unmanned aerial vehicles, but also instant power generation”.

Directors and key management at lithium hopeful Lepidico (ASX:LPD) say they will participate in the ~$5.7m entitlement offer in full.

And the Quoria (ASX:QOR) board unanimously rejects an unsolicited takeover offer from private UK firm K1 Investment Management at 40c /sh, calling it “significantly undervalued”.

LOSERS

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

Security	Description	Last	%	Volume	MktCap
APM	APM Human Services	1.18	-28%	747071	$1,495,006,572
ARC	ARC Funds Limited	0.1	-26%	38830	$5,075,384
ADO	Anteotech Ltd	0.026	-26%	8536178	$76,875,485
ELD	Elders Limited	7.4	-25%	1030768	$1,546,947,375
OAR	OAR Resources Ltd	0.002	-20%	200000	$6,633,277
ROG	Red Sky Energy	0.004	-20%	7193666	$27,111,136
BPT	Beach Energy Limited	1.5775	-17%	7841518	$4,323,127,278
MSG	MCS Services Limited	0.005	-17%	3000000	$1,188,598
ODE	Odessa Minerals Ltd	0.005	-17%	218753	$6,259,695
RGS	Regeneus Ltd	0.011	-15%	515045	$3,983,680

APM Human Services International (ASX:APM) received a new takeover bid from 29% shareholder Madison Dearborn Partners at $1.40/sh cash after a previous offer from another party fell through.

APM’s Independent Board Committee calls the offered price “disappointing”.

Agribusiness Elders (ASX:ELD) says first half trading for FY24 was “significantly below expectations” due to subdued client sentiment; low crop, sheep and cattle prices; subdued trading due to late start to winter crop in WA; and margin pressure in some key agricultural chemical products.

3D Printing