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IndustrialsSpeculativeMicro CapValue Trap

Australia's XTEK hits over one-week high as co secures purchase order

** Shares of XTEK Ltd  XTE.AX  rise as much as 13% to
A$0.26, their highest level since March 14
    ** The defence products maker says group's ballistics
division received a purchase order worth A$3.2 mln ($2.40 mln)
 urn:newsml:reuters.com:*:nASXbPVQbc
    ** Adds purchase order for supply of specialist ballistic
armour products
    ** More than 240,000 shares change hands, compared with the
30-day average volume of about 122,000 shares
    ** Stock up 2.2% this year, as of last close

    ($1 = 1.3346 Australian dollars)

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

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