Top 10 at… 11: AML3D wins US Navy submarine parts contract; Loyal Lithium makes Canadian discovery
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News
Stockhead’s Top 10 at 11, published at ~10.30am 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.
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Code | Company | Price | % | Volume | Market Cap |
---|---|---|---|---|---|
AL3 | Aml3D | 0.085 | 35% | 1,177,634 | $14,839,884 |
EDE | Eden Inv Ltd | 0.004 | 33% | 936,112 | $8,990,911 |
MCT | Metalicity Limited | 0.002 | 33% | 500,000 | $5,604,129 |
SHG | Singular Health | 0.047 | 21% | 580,000 | $5,511,100 |
CCO | The Calmer Co Int | 0.006 | 20% | 2,450,314 | $4,085,596 |
LLI | Loyal Lithium Ltd | 0.53 | 18% | 1,562,026 | $30,820,500 |
ICG | Inca Minerals Ltd | 0.02 | 18% | 286,000 | $8,245,170 |
ME1 | Melodiol Glb Health | 0.007 | 17% | 382,356 | $17,338,494 |
ATH | Alterity Therap Ltd | 0.008 | 14% | 450,000 | $17,079,283 |
FME | Future Metals NL | 0.04 | 14% | 271,763 | $14,462,141 |
• AML3D (ASX:AL3), an industrials manufacturer that specialises in 3D printed metals, has won a $2m contract to produce submarine parts for the US Navy.
The company will be using its ‘ARCEMY’ tech to manufacture parts that are no longer made by the original provider, solving a critical supply chain issue for the US Navy.
The contract will run for a period of nine months starting in September 2023 and the company says the parts will use a nickel-aluminium-bronze alloy.
• Health tech firm Singular Health Group (ASX:SHG) is also getting some love from the US of A this morning, announcing a significant strategic investment from its master distributor in the States.
CG1 Ventures LLC is a venture arm of Singular’s recently appointed master distributor for the USA, CG1 Solutions LLC, and will be investing up to $850,000 at AUD$0.055 per share, a 41% premium to the last closing price of $0.039, and the same price as the company’s last capital raise.
• Up-and-coming lithium hunter Loyal Lithium (ASX:LLI) has this morning announced the discovery of five spodumene-bearing pegmatite dykes at the Trieste Lithium Project in the lithum-bountiful James Bay, Canada.
The company reports that the five dykes, with aligned implied continuous outcrops, have been identified within a 6km2 area to the south of the Trieste Greenstone Belt, “situated in a metasediment host – leaving several high value greenstone targets yet to be explored”.
Preparation for drilling activities at these locations is set to commence imminently.
Stocks highlighted in yellow have made market-moving announcements (click headings to sort).
Code | Company | Price | % | Volume | Market Cap |
---|---|---|---|---|---|
WEL | Winchester Energy | 0.002 | -33% | 4,000 | $3,061,266 |
XTC | Xantippe Res Ltd | 0.001 | -33% | 1,200,000 | $17,220,150 |
OAK | Oakridge | 0.13 | -21% | 59,448 | $2,837,287 |
ELE | Elmore Ltd | 0.005 | -17% | 3,430,039 | $8,396,303 |
NAE | New Age Exploration | 0.005 | -17% | 82 | $8,615,393 |
FCL | Fineos Corp Hold PLC | 2.18 | -15% | 623,563 | $817,136,471 |
LRL | Labyrinth Resources | 0.006 | -14% | 399,724 | $8,312,806 |
1MC | Morella Corporation | 0.007 | -13% | 770,000 | $48,788,644 |
OMX | Orangeminerals | 0.039 | -11% | 12 | $2,185,364 |
RMX | Red Mount Min Ltd | 0.004 | -11% | 50,000 | $11,359,580 |
Healthcare tech equipment solutions firm Oakridge International (ASX:OAK) has provided a response to an ASX query about the reason for a recent bump up in the OAK share price. Your guess is as good as ours, was essentially the company’s response:
“OAK is not aware of any information that would explain the recent price increase.”