Top 10 at 11: Air traffic control training is what’s in the news this morning

Stockhead’s Top 10 at 11: a short, sharp update to help frame the trading day.

"No no... *Your* left, Warren! *Your* left!" Pic via Getty Images.

Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, which is meant to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms that have made announcements.

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading.

Briefly, here’s what’s been happening already this morning: The markets have a case of the Mondays today, but I suspect that it’s something that’s been going around, after Wall Street called in sick on Friday and all the major indices there coughed and spluttered their way to some steep losses.

20 minutes in this morning, and the ASX 200 was down nearly 1.0%. But there are some winners this morning. Not many, but a few. Here are the highlights.

WINNERS

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

Security	Description	Last	%	Volume	MktCap
88E	88 Energy	0.002	100.0	16,008,504	$28,933,812
CDE	Codeifai	0.002	100.0	295,000	$2,641,295
IVX	Invion	0.0025	25.0	390,000	$13,275,731
ADA	Adacel Technologies	0.545	23.9	96,689	$33,538,995
IGN	Ignite	0.082	22.4	1	$10,933,535
AUK	Aumake	0.006	20.0	1,182,094	$9,641,205
LRV	Larvotto Resources	0.385	16.7	1,165,387	$102,261,822
SRN	Surefire Resources	0.007	16.7	395,661	$11,917,847
NGX	NGX	0.19	15.2	7,000	$14,950,954
SRZ	Stellar Resources	0.016	14.3	220,033	$29,116,041

Adacel Technologies (ASX:ADA), which is an industry leader in advanced Air Traffic Management (ATM) and Air Traffic Control (ATC) simulation and training solutions, has advised the market that a hiccup with the bid submission process with the Federal Aviation Administration has been resolved in its favour, and that the 5-year contract it announced in December, worth US$59 million, is set to go forward.

It’s a continuation of the contracts that have seen Adacel and the FAA continuing to work together for around 20 years, providing Tower Simulation system support for training air traffic controllers.

Invion (ASX:IVX) was up nicely on Monday morning, but the only news from the company was some housekeeping notices for the ASX. Same with Larvotto Resources (ASX:LRV) - the only news is a change in substantial holdings notice.

LAGGARDS

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

Code	Company	Price	%	Volume	Market Cap
RIE	Riedel Resources	0.001	-50.0	300,000	$4,447,671
MEL	Metgasco	0.003	-25.0	19,725	$5,790,347
FGH	Foresta Group	0.004	-20.0	3,946,262	$11,776,895
VRC	Volt Resources	0.004	-20.0	8,823	$20,793,391
LMS	Litchfield Minerals	0.1	-16.7	250,000	$3,307,500
ERA	Energy Resources	0.005	-16.7	2,714,020	$132,889,795
IXR	Ionic Rare Earths	0.005	-16.7	1,507,221	$29,218,576
JRV	Jervois Global	0.01	-16.7	850,000	$32,433,165
LNR	Lanthanein Resources	0.0025	-16.7	10,945	$7,330,908
MIO	Macarthur Minerals	0.067	-16.3	100,000	$15,973,241

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

Originally published as Top 10 at 11: Air traffic control training is what’s in the news this morning