Australia's XTEK rises on $2 mln purchase order

Highcom

07/03/2022 04:26

** Shares of defence products maker XTEK Ltd  XTE.AX  rise
as much as 50% to A$0.30, set for their best session since Feb
4, 2013, if gains hold
    ** Says its ballistics division received a purchase order
from an undisclosed customer to the value of A$2.75 mln ($2.04
mln)  urn:newsml:reuters.com:*:nASX4B6XV2 
    ** Order for urgent supply of specialist ballistic armour
products, delivery has occurred
    ** Stock hits highest level since Nov 10, 2021
    ** About 439,000 shares change hands, six times the 30-day
average  
    ** XTE down 11.1% YTD, as of last close
    

    ($1 = 1.3486 Australian dollars)

 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))