Australia's AML3D jumps most in 6 months on US Navy contract

AML3D

16/08/2023 04:13

** Shares of AML3D  AL3.AX  soar as much as 39.7% to
A$0.088, their biggest intraday pct gain since Feb. 7
    ** Contract manufacturing services provider says it received
an order worth A$2 mln ($1.3 mln) from U.S. Navy for
manufacturing high-demand submarine parts
    ** Co says contract accelerates strategy to embed 3D metal
printing technology into the U.S. Navy's submarine industrial
base
    ** Stock hits its highest level since April 17
    ** Stock has fallen 19.2% this year, as of last close

($1 = 1.5513 Australian dollars)

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