Australia's Aurora Labs jumps on MoU with Saudi's Aramco

Aurora Labs

02/06/2023 02:31

** Shares of Aurora Labs Ltd  A3D.AX  jump as much as 71.4%
to A$0.036, set for best day since July 2020, if gains hold
    ** The 3-D metal printing tech co says it has signed a
non-binding memorandum of understanding (MoU) with Saudi Arabian
oil co Aramco
    ** Co says MoU is for potential cooperation areas, including
exchange of information regarding Aurora's upcoming AL250 metal
3D printer
    ** Aurora stock at its highest level since Feb 3 
    ** Stock down 30% YTD, as of last close

    

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))