Australia's Alcidion jumps most in nearly 4 years on contract win

Alcidion

24/07/2024 03:55

** Shares of Alcidion Group  ALC.AX  rise as much as 45.5%
to A$0.080, posting their biggest intraday percentage gain since
Nov. 9, 2020
    ** Stock hits its highest level since Dec. 15, 2023
    ** Healthcare tech co says it has been selected as preferred
electronic patient record system supplier for UK's North Cumbria
Integrated Care NHS Foundation Trust
    ** Says total contract value expected to be between A$30 mln
($19.81 mln) and A$40 mln over 10 years
    ** About 11.5 mln shares change hands, compared with the
30-day average volume of around 1.2 mln
    ** Stock trims YTD losses to 4.7%
($1 = 1.5147 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))