Australia's HighCom jumps on order from country's defence department

Highcom

22/05/2025 02:21

** HighCom HCL.AX jumps 8.1% to A$0.200, highest since April 3

** Stock set for steepest intraday pct climb since May 8

** Protective equipment producer receives A$2.6 mln ($1.67 mln) order from Australian Department of Defence for Counter Small Uncrewed Aerial System products

** About 157,580 shares traded, 2.7x the 30-day avg

** YTD, HCL rises 21.2%

($1 = A$1.5523)

 (Reporting by Manasi Dasa in Bengaluru)

 ((Manasi.DasaSundeep@thomsonreuters.com;))