Australia's XTEK hits 2-month high on $1.4 million body armour order

Highcom

12/10/2023 04:57

** Shares of XTEK Limited  XTE.AX  rise as much as 3.8% to
A$0.415, its highest since July 21
    ** The ballistics and technology company says its HighCom
Armor Solutions Inc business has received an urgent A$2.2
million ($1.41 million) body armour order from an international
customer
   ** Says concurrently negotiating multiple similarly sized
orders
    ** About 481,952 shares change hands, compared with the
30-day average volume of 219,513 shares 
    ** Stock has fallen 34% this year, as of last close,
compared with a 0.7% increase in the S&P/ASX 200 index  .AXJO 

($1 = 1.5584 Australian dollars)

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