Australia's XTEK hits over 2-yr high on getting order from Defence Department

Highcom

01/12/2022 24:34

** Shares of Australia's XTEK Ltd  XTE.AX  rise as much as
8% to A$0.675, their highest since Sept. 9, 2020
    ** Defence products maker receives a purchase order from the
Commonwealth of Australia's Department of Defence for new Small
Unmanned Aerial Systems 
    ** Co adds order for A$26.9 million  ($18.29 million)
    ** About 798,600 shares change hands comapred with the
30-day moving average of 305,900 shares 
    ** Stock has risen 177.8% this year, as of last close
($1 = 1.4706 Australian dollars)
 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))