Australia's Secos Group hits over 1-month peak on new supply contract

Jewett-Cameron Trading

10/08/2020 04:09

** Shares of Secos Group  SES.AX  rise as much as 40.9% to
A$0.155, their highest since July 9
    ** Co says it secured contract for the supply of compostable
pet waste bags with a unit of seeds and wood products supplier
Jewett-Cameron Trading Co  JCTCF.O   urn:newsml:reuters.com:*:nFWN2F91MS
    ** Secos says the supply agreement is valued at about A$3
mln ($2.15 mln) annually 
    ** Stock posts its biggest intraday percentage gain since
July 9
    ** About 3.4 mln shares change hands, compared with the
30-day average of about 2.2 mln shares
    ** Stock up 22.2% this year, as of last close

    ($1 = 1.3953 Australian dollars)

 (Reporting by Soumyajit Saha in Bengaluru)
 ((Soumyajit.Saha@thomsonreuters.com;))