Gorilla Technology climbs on contract talks

Gorilla Technology

28/12/2022 16:04

** Shares of cybersecurity firm Gorilla Technology Group Inc
 GRRR.O  surge 65% to $7.39 
    ** Stock set for best day in more than five months, if
current gains hold
    ** Discloses, after markets closed on Tuesday, that a Middle
Eastern country has communicated its intent to engage Gorilla to
implement an expansive cybersecurity solution for one or more
smart cities under development  urn:newsml:reuters.com:*:nGNX3g7PlG
    ** GRRR says it expects to execute a contract with the
country and begin its implementation in H1 2023 
    ** Including session's gains, stock down 32.5% YTD
 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))