Australia's Norwood Systems gains on launch of new version of transcription engine

Norwood Systems

22/12/2021 04:32

** Software maker's shares  NOR.AX  rise as much as 26.7% to
A$0.02, on track for biggest single day pct rise since July 16
    ** Company launches new version of its AI-powered
speech-to-text transcription engine  urn:newsml:reuters.com:*:nGLFGQkqY     
    ** Shares hit highest since Nov. 8
    ** Stock marks busiest trading day since July 20; more than
1.8 mln shares change hands vs 30-day avg volume of ~304,800
shares
    ** Company's shares down 40% this year, as of last close

 (Reporting by Roushni Nair in Bengluru)
 ((Roushni.Nair@thomsonreuters.com))