Australia's Damstra Holdings eyes best day in 2 weeks on contract renewal

Damstra Holdings

29/11/2021 04:57

** Shares of the software firm  DTC.AX  jump as much as
10.5% to A$0.475, on track for their sharpest single day rise
since Nov. 9 
    ** Co says it has signed a variation to the Master Supply
Agreement with CPB Contractors Pty Ltd  urn:newsml:reuters.com:*:nASXl0gDC
    ** Says that under the term of the new variation, Damstra
will extend usage of its learning and digital forms module to
all projects with CPB for a fixed annual fee in addition to
other services provided by co 
    ** Co adds that based on user numbers and present projects
the annual revenue impact is estimated at A$550,000 per annum 
    ** Around 1.9 mln shares change hands, compared with the
30-day average volume of 760,79
    ** Stock has fallen 72.4% this year, as of last close,
compared with a 10.7% increase in the ASX all ordinaries index
 .AORD  

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