Australia's K-Tig hits 3-month high on deal with UK nuclear body

Metal Powder Works

09/02/2022 02:50

** Shares of welding technology maker  KTG.AX  rise as much
as 3.5% to A$0.368, their highest level since Nov 1, 2021
    ** K-Tig signs https://www.asx.com.au/asxpdf/20220209/pdf/455t5x5619wyyz.pdf
 a formal agreement with UK-based Nuclear Advanced Manufacturing
Research Centre to develop a turnkey robotic welding cell, which
may be used for the production of nuclear storage containers 
    ** Says project will ensure that co is well-placed to become
a supplier of intermediate level waste containers to Sellafield
nuclear site in the UK
    ** Co will own all intellectual property developed by the
project
    ** Stock posts its biggest intraday percentage gain since
Feb. 1
    ** Nearly 750,000 shares have changed hands, compared with
the 30-day average of about 150,000 shares 
    ** Stock up ~14.5% YTD, as of last close 
    


 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))