Australia's Aerometrex hits 4-month high on govt agency contract

Aerometrex

13/01/2023 24:12

** Shares of Aerometrex Ltd  AMX.AX  jump as much as 15.4%
to A$0.525, hit their highest level since Sept 5, 2022 
    ** The aerial mapping business says it has been awarded a
significant contract of work with an Australian Federal
Government Agency
    ** Adds that the value of the purchase order is A$1.88 mln
($1.31 mln), with delivery of all data expected to be completed
by June 2023
    ** Stock set for best day since Aug 15, if gains hold
    ** More than 35,000 shares change hands, compared with the
30-day average volume of about 17,000 shares
    ** Stock down about 39% in 2022 
    ($1 = 1.4355 Australian dollars)
 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))