3 ASX All Ords shares rocketing over 10% on big news

It's a good day to be invested in these stocks.

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These three All Ordinaries Index (ASX: XAO) shares are roaring ahead of the index on Wednesday on the back of important announcements.

They're each leaping more than 10% while the index remains relatively flat, having gained just 0.1% at the time of writing.

So, what's put a spring in the All Ords shares' steps? Let's take a look.

3 ASX All Ords shares roaring higher on big news

Polynovo Ltd (ASX: PNV)

The first All Ords share surging higher today is medical device developer Polynovo. It's gaining 13% right now to trade at $1.645.

It comes on news of a record month of sales at the company. It recorded $7.2 million of sales in May.

Of those, $5.2 million came from the United States – a 97% increase on the prior comparable period – while another $1.9 million came from elsewhere – a 189% jump.

Estia Health Ltd (ASX: EHE)

Next up is shares in All Ords aged care facility operator Estia Health. They're surging 13% right now to swap hands for $2.905.

It comes on news the company has received a revised takeover bid from suitor Bain Capital. The private investment firm put forward a $3 per share bid in March.

It has now upped that offer to $3.20 per share, less any dividends paid by the All Ords share after the proposal.

The bid represents a 50% premium on the stock's most recent undisturbed closing price.

Novonix Ltd (ASX: NVX)

The final All Ords share taking off on Wednesday is battery materials and technology icon Novonix. It's roaring 11% at the time of writing to trade at $1.08.

The company today announced an agreement with battery manufacturer LG Energy Solution.

The deal will see them jointly researching and developing artificial graphite anode material for lithium-ion batteries.

Meanwhile, Novonix will issue US$30 million of convertible notes to LG Energy Solution under a separate agreement.

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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended PolyNovo. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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