Australia's Straker rises on $1.4 million contract

Arbitr

02/10/2025 01:46

** Shares of Straker STG.AX rise as much as 34.5% to A$0.390, its biggest intraday gain since November 11, 2020

** Stock hits highest level since September 1

** Business services provider signs new agreement with an unidentified enterprise customer for the provision of translation and related services

** Estimated contract value is $1.4 million over a two-year term

** STG currently up 27.6%, bringing YTD losses to about 49%

 (Reporting by Adwitiya Srivastava in Bengaluru)

 ((Adwitiya.Srivastava@thomsonreuters.com))