Australia's Bluechiip at over 1-year high as co gets product registration in U.S., EU

Bluechiip

30/11/2021 01:31

** Shares of Bluechiip Ltd  BCT.AX  rise as much as 30.4% to
A$0.073, their highest since Sept 16, 2020
    ** The wireless tracking devices maker says it received
product registration from the United States Food and Drug
Administration (FDA) and a CE IVD certification from the
European Union  urn:newsml:reuters.com:*:nASXmfQqh
    ** The CE certification for in vitro diagnostic devices
means that the device may be legally commercialized in the EU
    ** Says the registrations imply Bluechiip can sell products
and deliver software consumables directly into the United
States, Europe and the Asia/Pacific region
    ** Shares on track for their best day since Oct 26
    ** At 20.7 mln, volumes are 3.7 times the 30-day average of
5.5 mln shares
    ** As of last close, stock up 27.3% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))