Australia's 3D Metalforge gains most in six weeks on U.S. supply deal

3D Metalforge

01/02/2022 02:42

** Shares of the manufacturing company  3MF.AX  jump as much
as 5.6% to A$0.095, post their biggest intraday pct gain since
Dec. 21 
    ** Co says it will supply a range of additively manufactured
parts to three U.S.-based refineries of energy and infra
business operator Par Pacific Holdings  PARR.N   urn:newsml:reuters.com:*:nASX3QXFqj
    ** Says the estimated value of the agreement is up to
A$400,000 ($282,680.00), with the contract binding for an
initial period until December 2024  
    ** Shares hit their highest level since Jan. 18 
    ** More than 128,600 shares change hands, compared with the
30-day average volume of ~96,500 shares  
    ** Stock down 10% this year, as of last close

($1 = 1.4150 Australian dollars)

 (Reporting by Roushni Nair in Bengluru)
 ((Roushni.Nair@thomsonreuters.com;))