Australia's Cipherpoint sees best day in 4 months on service agreement

Excite Technology Services

27/10/2021 02:52

** Shares of Cipherpoint Ltd  CPT.AX  surge as much as 13.8%
to A$0.033 in their biggest intraday pct gain since June 28
    ** Cyber security co's unit Brace168 Pty Ltd enters into a
three-year services agreement https://www.asx.com.au/asxpdf/20211027/pdf/452532kj0mv2s0.pdf
 with telecom firm Vocus Pty Ltd
    ** Brace168 to provide 24/7 security operation centre
capability to Vocus
    ** CPT stock hits its highest since Sept. 21
    ** More than 5.6 mln shares change hands, 5x their 30-day
average volume of 1.1 mln shares
    ** CPT's busiest trading day since Sept. 20
    ** Stock had fallen 37.6% this year, as of last close

 (Reporting by Dhriti Garg in Bengaluru)
 ((dhriti.garg@thomsonreuters.com))