Australia's Constellation Technologies rises on securing new contracts in China

Constellation Technologies

03/09/2020 01:46

** Shares of IT services developer Constellation
Technologies Ltd  CT1.AX  rise as much as 19.2% to A$0.031
    ** Company signs two new contracts in China with Beijing
BHZQ Environmental Engineering Technology Co Ltd (BHZQ) for
A$280,000 ($205,296.00)  urn:newsml:reuters.com:*:nFWN2FZ0MZ
    ** CT1 says these new contracts provide additional sales of
CT1's IoT solutions to BHZQ
    ** Stock posts its biggest intraday percentage gain since
June 17
    ** About 3.3 mln shares change hands, compared with the
30-day average volume of about 1.7 mln shares
    ** As of last close, CT1 is up 18% this year

($1 = 1.3639 Australian dollars)

    

 (Reporting by Aditya Munjuluru in Bengaluru)
 ((aditya.srivastsav@thomsonreuters.com))