Australia's YPB Group soars on contract to support global mining invention

Codeifai

08/06/2023 02:00

** Shares of YPB Group Ltd  YPB.AX  climb as much as 50% to
A$0.003 - set for biggest daily pct rise since March 8, if gains
hold 
    ** Consumer engagement solutions firm signs 3-year contract
with Rim-Lock Innovations to protect and support invention for
global mining and wheeled heavy machinery generally
    ** Minimum revenue estimate over the term of the contract is
A$80,300 ($53,487.83)
    ** Stock touches highest level since June 1 
    ** Stock down 50% this year, as of last close

($1 = 1.5013 Australian dollars)

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))