Australia's Titomic rises after Bell Potter initiates coverage with positive outlook

Titomic

08/07/2025 04:19

** Shares of Titomic TTT.AX rise as much as 7.1% to A$0.3, logging their biggest intraday pct gain since June 30

** Bell Potter initiates coverage of metal additive manufacturer with "buy" rating

** Says it believes Titomic's cold spray technology gives co advantage in additive manufacturing for defence, aerospace and natural resources markets

** Says Titomic's U.S. pivot and management with deep defence sector experience should see co capitalise on growing defence spending globally

** Expects more updates relating to TTT's participation in U.S. defence programmes, new commercial agreements and non-dilutive government-backed funding

** Stock up more than 50% YTD

 (Reporting by Sneha Kumar in Bengaluru)

 ((Sneha.kumar@thomsonreuters.com;))