Australia's HighCom eyes best day in over 11 years on ballistic product order

Highcom

06/08/2024 03:37

** Shares of HighCom  HCL.AX  rise as much as 57.1% to
A$0.220, set for best day since Feb. 4, 2013, if gains hold     
    ** Defense co says it received a new A$2.5 million ($1.63
million) ballistic product order
    ** Ballistic products to be supplied during H1 FY25 - co
    ** Stock hits highest since Feb. 12
    ** About 2.8 mln shares change hands, compared with the
30-day average volume of 145,606   
    ** HCL down 63.6% YTD, as of last close

($1 = 1.5361 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))