Australia's Parkd hits over 8-month high on car park construction deal

Coxon Precise Industrial Co

25/11/2021 24:58

** Shares of Parkd Ltd  PKD.AX  skyrocket as much as 75.6%
to A$0.079, their highest since Feb. 9
    ** Modular car-park system developer signs Heads of
Agreement with developer Coxon Group for construction of a
multi-level car park and commercial development at their Kewdale
Central Complex in Western Australia  urn:newsml:reuters.com:*:nASX7sBxgn
    ** Adds that total project value is about A$8.2 mln
    ** Stock posts its biggest intraday percentage gain since
Aug 3
    ** More than 19.4 mln shares change hands, compared with the
30-day average volume of about 185,000 shares; sees busiest day
since Aug 3
    ** Stock has risen 34.2% this year as of last close
    

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))