Australia's Nanoveu soars on South Korea distribution agreement

Nanoveu

30/05/2024 02:16

** Shares of Nanoveu  NVU.AX  rise as much as 86.4% to
A$0.041, posting their biggest intraday percentage gain since
March 25, 2021
    ** Stock hits highest level since Nov. 24, 2021
    ** Nanotechnology co announces exclusive South Korean
distribution agreement with Rahum Nanotech for its 3D screen
protector "EyeFly3D" 
    ** Says Rahum Nanotech is required to bring $19.7 million in
orders by 2026 to maintain exclusivity
    ** About 22.1 mln shares change hands, compared with the
30-day average volume of around 175,000
    ** Stock down 4.4% YTD, based on last close



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