IDT Australia tumbles after govt turns down vaccine facility proposal

IDT Australia

16/12/2021 01:34

** Shares of IDT Australia  IDT.AX  fall as much as 39.6% to
A$0.29, set for their worst session since July 9, 1991
    ** Pharmaceutical co says it has been advised by the
government that its proposal to establish an onshore mRNA
manufacturing capability has not been selected to progress to
the next stage  urn:newsml:reuters.com:*:nASX5RjmCm
    ** Stock hits lowest since June 17, 2021
    ** More than 5.6 mln shares change hands, vs the 30-day
average volume of ~959,000
    ** Stock up 159.5% YTD, as of last close

 (Reporting by Arundhati Dutta in Bengaluru)
 ((Arundhati.Dutta@thomsonreuters.com;))