Australia's De.mem hits 1-week high on contract to treat waste water

DE.Mem

08/12/2021 02:57

** Shares of De.mem Ltd  DEM.AX  gain as much as 2.1% to
A$0.245, their highest since Dec 1 
    ** The water treatment solutions provider says it signed a
new contract to treat waste water from Selwyn Snow Resort in
Australia and monitor performance of the treatment plant
 urn:newsml:reuters.com:*:nASXZCGnQ
    ** Says contract has a term of five years with a total value
of about A$1 mln ($713,900.00) in revenues 
    ** Contract expected to start in the June quarter of 2022 
    ** More than 220,000 shares change hands, compared with the
30-day average volume of ~165,000 shares 
    ** Stock up 4.4% this year, as of last close

    ($1 = 1.4008 Australian dollars)

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