Australia's HighCom rises on receiving $5.8 mln ballistic order

Highcom

05/08/2024 02:14

** Shares of HighCom  HCL.AX  rise as much as 18.5% to
A$0.16, their highest since July 15
    ** Stock posts its biggest intraday gain since April 12
    ** International defense industry firm says received new
A$8.9 mln ($5.78 mln) ballistic product order from a military
customer
    ** Adds the order will be completed during H1 FY25
    ** About 252,929 shares change hands, compared with the
30-day average volume of 137,049
    ** Stock has fallen 64.9% this year as of last close


($1 = 1.5408 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))