Australia's Spacetalk jumps on distribution deal with Finland's Elisa

Elisa Oyj

31/05/2024 01:56

** Shares of Spacetalk  SPA.AX  rise as much as 33.3% to
A$0.024, posting their biggest intraday percentage gain since
Feb. 8, 2023
    ** Stock hits its highest level since April 24
    ** Child safety technology co announces distribution
agreement with Finland's telecom company Elisa  ELISA.HE  
    ** Says under the agreement, Elisa will exclusively sell its
devices in Finland, with annual unit sales estimated at 5,000
    ** About 4.4 mln shares change hands, compared with the
30-day average volume of around 325,000
    ** Stock down 32.1% YTD, as of last close

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))