Australia's GR Engineering Services jumps on $163 million contract
21/05/2026 05:46
** Shares of Australia' GR Engineering Services GNG.AX surge as much as 4.8% to A$5.05, logging their biggest intraday pct gain since April 1 ** The company, which provides engineering design and construction services to miners, says it has executed an A$229 million ($163.5 million) contract with a unit of Genesis Minerals GMD.AX for services in the Tower Hill gold project ** Around 520,936 shares change hands, 2.8x the 30-day average trading volume ** Stock up 13.5% so far this year ($1 = 1.4035 Australian dollars) (Reporting by Shruti Agarwal in Bengaluru) ((Shruti.Agarwal@thomsonreuters.com))
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