Australia's Highcom jumps most in over 11-weeks on $3 mln parts order

Highcom

01/11/2024 01:08

** Shares of Highcom  HCL.AX  rise as much as 24.2% to
A$0.205, posting their biggest intraday pct jump since Aug 12
    ** Product supplier for the defence industry hits highest
level since Sept 23
    ** Co gets new spare parts order for A$5.6 mln ($3.68 mln)
from the Commonwealth of Australia's Department of Defence
    ** About 1.4 mln shares change hands, compared to 30-day
average trading volume of 82,273 shares 
    ** Stock down 57.1% YTD as of last close 
   


($1 = 1.5216 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com))