Australia's Ava Risk gains as co secures more contracts

Ava Risk

16/08/2022 03:34

** Shares of Ava Risk Group  AVA.AX  rise as much as 4% to
A$0.265, their highest since Aug 2 
    ** The security tech co says it has secured another two
contracts for supply and installation of Fibre Optic Intrusion
Detection Systems within the North American energy sector
 urn:newsml:reuters.com:*:nFWN2ZR4MH
    ** Adds that combined order value is A$1.2 mln 
($843,120.00) and supply of order is likely to be fulfilled in
Q1 FY23 
    ** Shares hit highest since Aug 10 
    ** Stock up 10% this year, as of last close

    ($1 = 1.4233 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))