Australia's Hydrix climbs to 1-1/2-month high after signing $1.5 mln contract

Hydrix

27/05/2024 03:18

** Shares of Hydrix  HYD.AX  rise as much as 63.6% to
AS0.018, set for best day since June 28, 2021, if gains hold    
 
    ** Stock hits highest level since April 12    
    ** The product design firm says its signed an A$2.3 mln 
($1.53 mln) contract with a European medical technology company
    ** Under deal, co will provide product development services
to Paul Hartmann AG 
    ** About 1.9 mln shares change hands, compared with the
30-day average volume of 257,015    
    ** Hydrix stock down 42.1% YTD, as of last close

    ($1 = 1.5072 Australian dollars)

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