Australia's Macmahon jumps most in nearly two months on lithium project contract

Macmahon Holdings

14/10/2024 06:02

** Shares of Macmahon Holdings  MAH.AX  rise as much as 8.1%
to A$0.37, their best session since Aug. 20 
    ** Mining support services firm says its unit has been
awarded road upgrade contract worth A$123 mln ($82.88 mln) by
Covalent Lithium Pty for its Mount Holland lithium project in
Western Australia
    ** Stock hits highest since Sept. 24
    ** Nearly 5 mln shares change hands, 1.5x the 30-day avg
    ** Macmahon up ~90.5% YTD, including current session's moves

($1 = 1.4841 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))