Australia's Aurora Labs jumps on signing MoU with defence firm

Aurora Labs

11/10/2024 02:00

** Shares of Australia's Aurora Labs  A3D.AX  rise as much
as 10.4% to A$0.085, their highest level since Aug 2
    ** Stock posts its biggest intraday pct gain since Sept 26
    ** Industrial tech company signs memorandum of understanding
(MoU) with an Australian defence firm 
    ** MoU to collaborate on 3D printed propulsion systems - A3D
    ** Partnership will focus on small propulsion engine
systems, and critical components for next-generation UAVs - co
    ** About 1.7 mln shares change hands by 0049 GMT, vs 30-day
average volume of 627,011 shares
    ** Stock up 179.3% this year, as of 0049 GMT

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