Australia's Acusensus hits 5-week high on government contract win
BUZZ-Australia's Acusensus hits 5-week high on government contract win ** Shares of Acusensus ACE.AX rise as much as 8.8% to A$1.24, their highest since September 15
** Road safety technology provider secures a new government traffic enforcement contract with the Australian Capital Territory worth an estimated A$210 million ($147.32 million), if extension options are exercised
** Contract has an initial five-year term valued at about A$63 million and covers transportable and fixed enforcement camera solutions across the territory
** Adds, rollout of replacement and expanded enforcement solutions is expected to commence in mid-2027
** More than 202,000 shares change hands vs 30-day avg volume of around 186,000 shares
** Stock down 29.4% YTD, including moves in current session
($1 = 1.4255 Australian dollars)
(Reporting by Swetha Lakshmi in Bengaluru)
Recent news on Acusensus
See all newsAustralia's Acusensus hits 5-week high on government contract win
Brief: Acusensus Executes Multi-Year Traffic Enforcement Contract With Act For A$210 Mln
Brief: Acusensus Enters Into Victorian Road Safety Camera Test Sites Agreement
Brief: Acusensus Ltd Posts FY Revenue Of A$86.2 Million
Brief: Acusensus Says KYTC Now Placed Initial Order Under Agreement