Australia's Amaero International jumps on commissioning atomiser ahead of schedule

Amaero

04/06/2024 03:09

** Shares of Amaero International  3DA.AX  rise as much as
11.4% to A$0.440, posting their biggest intraday percentage gain
since April 2
    ** Stock hits its highest level since May 24
    ** Niobium alloy maker says installation and testing of its
atomiser has been completed ahead of schedule
    ** Says commissioning of atomiser brings it closer to
qualifying for binding offtake agreement to supply its alloy
powder to a U.S. Department of Defense partner 
    ** Stock up 64.6% YTD, as of last close

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