Australia's K2fly jumps most in almost 5 months on contract win

K2FLY

20/09/2021 06:35

** Shares of Australia's K2fly Ltd  K2F.AX  climb as much as
11.76% to A$0.285, their biggest intraday percentage rise since
April 21  
   ** The mining tech solutions provider says it signed a
five-year contract worth A$2.85 mln ($2.06 mln) with
Sibanye-Stillwater Ltd, a Johannesburg-listed precious metals
miner, for K2F's operations management software  urn:newsml:reuters.com:*:nGLFbqQ8Xm 
    ** Contract to generate K2F annual recurring revenue of
A$475,000 
    ** Stock hits highest since Aug. 17 
    ** About 760,000 shares have been traded, vs the 30-day
average of about 208,000 shares 
    ** K2F stock down 25% YTD, as of Friday's close 
    
    ($1 = 1.3831 Australian dollars)

 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))