Australia's Bluechiip hits over 2-week high on getting govt grant

Bluechiip

02/12/2022 02:39

** Shares of Bluechiip Ltd  BCT.AX  rise as much as 23.3% to
A$0.037, their highest since Nov. 15
    ** Wireless tracking solutions maker to receive A$790,810 
($537,908.96) Supply Chain Resilience Initiative grant funding
from the Australian government   urn:newsml:reuters.com:*:nASX5Pv16j
    ** Says grant will cover half of the cost for co's project
involving setting up of highly specialised micro-electronics
fabrication processing line 
    ** Shares see the biggest intraday jump since Nov. 15 
    ** BCT down 38.8% YTD as of last close 
($1 = 1.4702 Australian dollars)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))