Australia's Micro-X surges on licensing and premium investment deals

Micro-X

19/09/2022 02:37

** Shares of x-ray technology co Micro-X  MX1.AX  climb as
much as 37% to A$0.185 - see best day since Nov. 4, 2020 if
gains hold 
    ** Co will provide exclusive global licence to Varex Imaging
Corp  VREX.O  under a collaboration to use its proprietary NEX
technology in multi-beam x-ray tubes for A$7.5 mln ($5.04 mln)
 urn:newsml:reuters.com:*:nASX7bpyHt
    ** Says Varex will take a 9.9% stake in co by investing
A$7.5 mln at A$0.147 per share, an 8.9% premium to MX1's last
close
    ** MX1 shares hit their highest since May 20
    ** About 1.3 mln shares change hands, 4.6 times the 30-day
average of nearly 299,800 shares
    ** As of last close, stock down 47.1% this year

($1 = 1.4874 Australian dollars)

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