Australia's Norwood Systems surges on purchase order from Spark NZ

Norwood Systems

16/07/2021 03:00

** Shares of global telecommunications provider Norwood
Systems Ltd  NOR.AX  jump as much 42.1% to A$0.027, highest
since Jan. 15
    ** NOR says it received a purchase order from NZ's
telecommunications firm Spark NZ worth about NZ$639,000
($447,427.80)  urn:newsml:reuters.com:*:nASX37snD7
    ** NOR to provide Spark-branded version of its World
Voicemail service and application for Spark NZ subscribers in
FY22
    ** Stock posts its biggest intraday percentage gain since
June 3
    ** About 5.1 mln shares change hands, compared to the 30-day
average volume of about 414,000 shares
    ** NOR down 24% this year, as of last close
($1 = 1.4282 New Zealand dollars)

 (Reporting by Aditya Munjuluru in Bengaluru)
 ((aditya.srivastsav@thomsonreuters.com))