Australia's Secos rises as co gets purchase orders from U.S. firm

MyEco

02/03/2022 02:20

** Shares of Secos Group  SES.AX  jump as much as 12.8% to
A$0.265, on track for their best session since Aug 30, if gains
hold
    ** The biopolymer producer receives https://www.asx.com.au/asxpdf/20220302/pdf/456ltnbtxdcyjr.pdf
 first purchase orders from U.S.-based organic and speciality
products wholesaler United Natural Food  UNFI.N  
    ** Says UNFI will stock three MyEcoPet compostable products
initially via 12 of their 58 countrywide distribution centres in
the U.S.
    ** Adds distribution via UNFI is expected to "greatly
increase" co's MyEco brand footprint in the U.S. retail space 
    ** Stock hits highest level since Feb 23
    ** SES stock down ~16.1% this year, as of last close 
    


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