Australia's Decmil Group sees best day in 6 months on contract win

Decmil

17/09/2021 01:47

** Shares of Decmil Group Ltd  DCG.AX  climb as much as 5.6%
to A$0.375, their sharpest gain since March 18
    ** Construction and engineering firm says A$88.7 mln ($64.65
mln) contract awarded by Major Road Projects Victoria
 urn:newsml:reuters.com:*:nFWN2QI0Q7
    ** DCG says Barwon Heads Road Upgrade Work Package 1
contract to commence immediately, expected to be finalised in
2023
    ** Contract covers construction of a new two-lane
carriageway and reconstruction of existing carriageway, among
others
    ** Stock trades at its highest since Sept. 2; 414,3000
shares change hands, twice the 30-day avg volume of 211,039 
    ** Stock has fallen 43.65% this year, as of Friday's close 

($1 = 1.3719 Australian dollars)

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))