Australia's Ai-Media Technologies gains on Seven Network contract renewal

Ai-Media Technologies

29/09/2022 03:26

** Shares of Ai-Media Technologies Ltd  AIM.AX  gain as much
as 12.7% to A$0.355, their highest since Sept 12 
    ** Media tech firm signs five-year contract renewal with
Australian broadcaster Seven Network  urn:newsml:reuters.com:*:nTUE4LLLMJ
    ** Says full suite of services will be available to Seven on
completing transition to co's iCap network, expected in Q3 FY23
    ** Stock marks biggest intraday pct rise since Aug 18, heads
for a third consecutive session of gains
    ** Stock had fallen 55.3% this year, as of last close
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))