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