Winners and Losers: AML3D rallies in new financial year
Shares in 3D metal printing firm AML3D spiked on the news it had struck yet another deal in the United States.
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![Photo: AML3D.](http://wp.indaily.com.au/wp-content/uploads/2024/07/image-1200x800-2024-07-08T083117.175.png?resize=1313,876&quality=90)
Photo: AML3D.
South Australian listed companies performed strongly in the first week of the new financial year; traditionally a quiet period for those on the boards.
Volatility was the theme globally, with international markets reacting to national elections in the United Kingdom and France. Locally, strong retail sales data buoyed local stocks while the Australian dollar rallied to a six-month high.
AML3D was the top-performing South Australian stock by miles, rising by 126.32 per cent in just one week.
The company announced it had sold one of its 3D metal printing systems to a US Department of Defence intermediary for $1.1 million, with the deal to include recurring annual service and maintenance revenues.
The announcement came in on Tuesday morning last week, but the stock didn’t take off until Wednesday when it rallied by 38 per cent, followed by a 26 per cent spike on Thursday and another 28 per cent boost on Friday.
Over the past 12 months, the company’s shares have risen by 329.51 per cent and AML3D was the top Winner of FY24 of all South Australian-based listed companies.
Petratherm enjoyed a healthy 35.29 per cent boost to its share price over the five trading days after announcing the results of an exploration survey at its Mabel Creek project near Coober Pedy.
The company said it identified three dense non-magnetic features it believes are targets for iron ore/copper/gold-style deposits.
Though not in the Winners list for the week, Santos closed out the five days up 4.31 per cent following rumours two Saudi state-owned oil companies were mulling a takeover of the Adelaide giant.
There was no big news from any of the companies that landed in the Losers list this week, but Mayne Pharma fell by just over 7 per cent on news it had settled a shareholder class action for $38 million.
The full list of Winners and Losers for the week ending 5 July:
Data compiled by analysts at Baker Young Limited.