Australia's Micro-X rises on contract with Australian Stroke Alliance

Micro-X

23/09/2021 06:56

** Shares of medical equipment maker  MX1.AX  rise as much
as 6.9% to A$0.31, highest intraday pct gain since Sept. 10
    ** Co has executed an A$8 mln ($5.79 mln) project agreement
with Australian Stroke Alliance, an organization which provides
time-critical stroke treatment directly to patients  urn:newsml:reuters.com:*:nFWN2QO16S
    ** Under the deal, MX1 will develop lightweight stroke
imaging technology targeted at stroke diagnosis in air and land
ambulances
    ** About 453,626 shares trade hands vs 30 day avg of 519,194
    ** Up to last close, stock had fallen 18.3%


($1 = 1.3812 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))