Eltek jumps as it receives additional order for up to $1.4 mln

Eltek

09/01/2020 15:19

** Shares of semiconductor company  ELTK.O  jump ~9% to
$3.84; set for best day in nearly 2 months      
    ** ELTK says a governmental authority has extended its
contract and placed an additional order for up to $1.4 mln
 urn:newsml:reuters.com:*:nPn6x4gKha
    ** Follow-on order extends contract for another two years
    ** Co says customer will lend ELTK equipment worth about
$630,000 for not extra consideration to enable execution of
project
    ** ELTK had risen ~10% in 2019, completing two straight
years of gains 

 (Reporting by Akanksha Rana in Bengaluru)
 ((akanksha.rana@thomsonreuters.com;))