Australia's Hydrix soars after $1.8 mln contract extension with European firm

Hydrix

23/01/2025 01:01

** Shares of Hydrix  HYD.AX  rise as much as 180% to A$0.028
    ** Medical device distributor rose as much as 220% earlier in the day, posting their biggest
intraday jump since mid-Aug, 2020
    ** Shares hit highest level since late August 2023, earlier in the day
    ** Co says its unit, Hydrix Services, enters A$2.8 mln ($1.76 mln) contract extension with
European medical device co Paul Hartmann AG
    ** Co signed agreement with Hartmann in late May 2024 to provide product development
services
    ** Co expects contract works to be completed by the end of September 2025
    ** Stock down 9.1% this year, as of last close 
   


($1 = 1.5949 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com))