NZ's ikeGPS Group jumps on deal with major US utility

Ikegps

21/12/2023 23:47

** Shares of ikeGPS Group  IKE.NZ  rise as much as 12.8% to
NZ$0.5300, set for their best day since May 3, 2022 - if gains
hold
    ** Platform technology co says it has secured a five-year
deal worth NZ$3.7 mln ($2.33 mln) from a major US utility
    ** Stock hits its highest since Dec 4 
    ** Nearly 117,600 shares change hands, 8.4 times the 30-day
average volume of 14,027 shares 
    ** Stock had fallen 46.6% this year, as of last close

($1 = 1.5888 New Zealand dollars)

 (Reporting by Neha  Soni)
 ((Neha.Soni@thomsonreuters.com;))