Papyrus Australia rises on deal with Egypt govt

Papyrus Australia

01/11/2022 24:23

** Shares of agricultural waste fibre tech firm Papyrus
Australia  PPY.AX  rise as much as 8.7% to A$0.05
    ** Co signs Phase I contracts with the Egyptian government 
    ** Says contracts will cover sale of banana fibre moulding
line equipment and a moulded banana fibre product offtake
agreement
    ** More than 170,000 shares change hands, compared with the
30-day average of nearly 150,000 shares 
    ** Stock down ~27% this year, as of last close 
 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))