Clean Teq Water rises on distribution deal with National Energy Services

Clean Teq Water

22/11/2021 03:44

** Shares of the Australian water treatment firm  CNQ.AX 
rise as much as 8% to A$0.950, their highest since Nov. 10 
    ** Co says it secured an exclusive distribution agreement
with the National Energy Services Reunited Corp  NESR.O  to
promote CNQ's water treatment and reuse solutions to oil and gas
companies in the Middle East  urn:newsml:reuters.com:*:nASX8K59Dd
    ** CNQ says agreement is for an initial period of five
years, provided minimum revenue objectives are met along the way
    ** Stock posts its biggest intraday percentage gain since
Nov. 9
    ** Around 108,200 shares change hands, compared with the
30-day average volume of 82,714 shares 
    ** Stock has risen 46.7% since its IPO on July 2

 (Reporting by Roushni Nair in Bangalore.)
 ((Roushni.Nair@thomsonreuters.com))