Australia's XTEK hits near one-month high on new contract orders

Highcom

04/04/2022 02:56

** Shares of XTEK Ltd  XTE.AX  rise as much as 9.6% to
A$0.285, their highest since March 7
    ** The defence products maker says it received new purchase
orders with a combined value of A$2.35 mln ($1.76 mln)
 urn:newsml:reuters.com:*:nASXcgrGhh
    ** Says order for supply of specialist ballistic armour
products, hardware technology, among others
    ** Says it has received order bookings exceeding A$13.2 mln
over the last 30 days
    ** Stock set for best day since March 24, if gains hold
    ** Stock is up 15.6% this year, as of last close
 
($1 = 1.3332 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))