Australia's Ai-Media Technologies jumps most in 6 months on Google deal

Ai-Media Technologies

18/08/2022 06:12

** Shares of Ai-Media Technologies Ltd  AIM.AX  jump as much
as 17.1% to A$0.410, post biggest intraday pct gain since Feb.
23 
    ** Co signs three-year agreement worth up to $5 mln with
Alphabet Inc  GOOGL.O  to become Google's lead provider of live
captioning and translation services for internal meetings and
events  urn:newsml:reuters.com:*:nFWN2ZT5FY
    ** Shares touch their highest since June 3
    ** More than 2.2 mln shares change hands, 6.4 times the
30-day average of about 349,800 shares
    ** Stock had fallen 50.4% this year, as of last close 

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))