Australia's Spirit Technology rises on securing $3.2 million investment

Infotrust

29/09/2023 03:39

** Shares of Spirit Technology Solutions  ST1.AX  rise as
much as 2.44% to A$0.042, set to gain most since Sept 12, if
trend holds  
    ** The IT services firm said it secured A$5 mln ($3.23 mln)
via two tranches convertible note placement 
    ** Stock on track for a second consecutive session of gains 
    ** About 125,800 shares change hands, compared with the
30-day average volume of 380,603 shares 
    ** Stock down 36.9% this year, as of last close

    ($1 = 1.5497 Australian dollars)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com))