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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