Australia's Archer Materials gains most in over 2 months on magnetic sensor deal
10/10/2024 01:17
** Shares of Australia's Archer Materials AXE.AX rise as
much as 13.7% to A$0.290, its biggest intraday pct gain since
Aug 1
** Semiconductor technology company signs agreement with
China-based MultiDimension Technology
** Agreement is to develop a tunnel magnetoresistance sensor
for commercial use in industrial applications
** 799,362 shares change hands, vs 30-day average volume of
455,782 shares
** Stock has fallen 25% YTD, as of 0013 GMT
(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com))
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