Australia's Amaero International hits 1-1/2 yr high on ceasing onshore operations

Amaero

10/10/2023 03:41

** Shares of Amaero International  3DA.AX  rise as much as
5.6% to A$0.285, hitting their highest levels since April 28,
2022
    ** Stock last up 3.7%, sees best day since Oct 6, if current
gains hold
    ** 3D products manufacturer resolves to cease operations in
Australia
    ** Co says decision to focus on flagship operations in the
United States and manage operating expenses
    ** Stock has risen 68.8% this year, as of last close

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))