Australia's Laserbond climbs to near 8-month high on licensing growth plans
Yesterday 02:38
BUZZ-Australia's Laserbond climbs to near 8-month high on licensing growth plans ** Shares of Australia's Laserbond LBL.AX rise as much as 13.9% to A$0.615, their highest level since February 26
** The engineering company signs a second licensing agreement with Komatsu for another modular laser cladding cell at its Perth facility
** Laserbond also enters a agreement with Canada's Metal 7 to develop surface engineering products for mining markets, expanding its international reach
** Company expects to sign further licensing contracts in FY27, both domestically and internationally
** YTD, Laserbond stock down 8%, including the session's moves
(Reporting by Paridhi Minda in Bengaluru)
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