Australia's Clean TeQ Water sees best session in near 1 year on $6.8 mln order

Clean Teq Water

11/07/2022 02:58

** Shares of Clean TeQ Water  CNQ.AX  rise as much as 30.1%
to A$0.54, their best intraday gain since Aug 24, 2021 
    ** Co says it accepted an order from A. Gabrielli
Construction, local civil partner of Clean TeQ, with value
around A$10 mln ($6.83 mln)
    ** Order for delivery of 15-megalitres-a-day recycled water
treatment facility at Cleveland Bay Purification Plant for
Townsville City Council
    ** Deal includes provisions to increase capacity of the
water treatment facility to 20 megalitres a day 
    ** Stock hits highest level since June 14
    ** CNQ down 40.7% this year, as of last close

    ($1 = 1.4652 Australian dollars)

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))