Australia's HighCom climbs to 6-1/2-month high on $1.9 million order

Highcom

17/03/2025 01:01

** Shares of protective equipment producer HighCom HCL.AX rise 7% to A$0.23, their highest levels since August 26, 2024

** Co says it received receipt of a new A$3 million ($1.90 million)order for its high-end ballistic products from an international customer

** Order is not part of the previously announced backlog worth A$6 million at the end of H1 FY25

** Co did not provide further details about the international customer or the specifics of the order

** Over 336,000 shares change hands, 4.1x the 30-day avg

** Stock up 39.4% YTD including current session

($1 = 1.5800 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))