Australia's Matrix Composites & Engineering jumps on positive outlook

Matrix Composites & Engineering

12/12/2023 02:21

** Shares of Matrix Composites & Engineering  MCE.AX  rise
as much as 14.3% to A$0.360, their highest since May 16
    ** Stock posts its biggest intraday percentage gain since
Nov 13
    ** Material technology co says it entered the 2024 financial
year in a stronger position than 2023
    ** Says co is well placed to continue its revenue and
earnings recovery into the 2024 financial year
    ** About 928,967 shares change hands, compared with the
30-day average volume of 167,172
    ** Stock up 13.3% YTD, based on last close



 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))