Australia's AML3D gains most in 3 months on US orders

AML3D

20/11/2023 02:39

** Shares of Australia's AML3D  AL3.AX  rise as much as ~27%
to A$0.10, marking their biggest intraday pct gain since Aug. 16
    ** Stock hits its highest level since Sept. 4
    ** Technology co says received orders for ARCEMY metal 3D
printing system for A$2.2 mln ($1.43 mln)
    ** Adds received orders via US value-added reseller Phillips
Corp on behalf of ship manufacturer Austal USA for use in their
purpose-built advanced manufacturing centre in Virginia, U.S.
    ** Phillips Corp sourcing ARCEMY units to contribute to US
marine shipbuilding industry to assist it rapidly adopt advanced
manufacturing technologies within sovereign defence and
submarine industrial base
    ** Nearly 676,400 shares change hands by 0217 GMT, vs the
30-day average volume of 180,741 shares         
    ** Stock up ~1.3% YTD, as of last close

($1 = 1.5366 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))