Australia's Civmec climbs on new contract wins

Civmec

06/05/2025 05:58

** Shares of Civmec CVL.AX rises 1.8% to A$0.87, set to climb for the third consecutive session

** Shipbuilder announces contract wins and extensions worth approximately A$285 million ($184.28 million)

** Over 180,000 shares change hands, 1.4x the 30-day avg

** Stock down ~32% YTD

 ($1 = 1.5466 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))