Australia's 8common eyes best week in 2 months on Australia government contract

8Common

14/01/2022 04:15

** Fintech firm's shares  8CO.AX  climb as much as 8.3% to
A$0.195, on track for best week since Oct. 29
    ** 8CO announces https://www.asx.com.au/asxpdf/20220114/pdf/454zqxxjvd6gfg.pdf
 a A$752,000 ($546,929.60) contract from the Australian
government
    ** Company says revenue from contract will be recognised in
Q3 and Q4 of FY 2022
    ** More than 1 mln shares change hands vs 30-day avg of
~125,000 shares
    ** Stock flat so far this year, as of last close 

 ($1 = 1.3749 Australian dollars)

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))