Australia's Dynamic Group touches near 2-week high on drilling contract

BWE Drilling

16/03/2022 24:55

** Drilling and blasting services provider Dynamic Group
Holdings  DDB.AX  jumps as much as 14.1% to A$0.405, its highest
since March 4
    ** Says https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02499637-6A1082052?access_token=83ff96335c2d45a094df02a206a39ff4
 unit Orlando Drilling awarded contract with Round Oak Minerals,
a unit of investment firm Washington H. Soul Pattinson & Co
 SOL.AX  
    ** Contract to drill at Round Oak's Jaguar zinc, copper and
silver project in Western Australia
    ** Adds the initial 12-month term contract to add revenue of
between A$12 mln ($8.62 mln) and A$16 mln per annum
    ** DDB rises most since March 3; about 155,000 shares change
hands, vs the 30-day average of 33,660 shares
    ** DDB down 19.3% this year as of last close


($1 = 1.3918 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))