Australia's Alcidion eyes best day in over 3 years on contract extension

Alcidion

11/12/2023 01:30

** Shares of Alcidion  ALC.AX  rise as much as 23.4% to
A$0.088, set for best day since Nov 9, 2020, if gains hold
    ** The healthcare tech co says it signed a A$23.3 mln
($15.30 mln) contract extension with South Tees Hospital NHS
Foundation Trust
    ** Contract for use of South Tees' Miya Precision EPR
platform, among others
    ** Stock hits highest level since Oct 30
    ** About 5.3 mln shares change hands, compared with the
30-day average volume of 2.6 mln    
    ** Alcidion stock down 51% YTD, as of last close

   ($1 = 1.5230 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))