Australia's Perenti hits 1-month high on contract by IGO

Perenti

14/06/2023 04:58

** Shares of Perenti Ltd  PRN.AX  jump as much as 3.7% to
A$1.250, hitting their highest level since May 11
    ** The mining services provider and ABB in collaboration
have been awarded a contract by IGO Ltd  IGO.AX  
    ** Co says contract to undertake a study for full
underground electrification of IGO's Cosmos Nickel Project 
    ** Shares post their biggest intraday pct gain since June 6
    ** Stock on track for a fourth consecutive session of gains,
if trend holds
    ** PRN stock down 8.4% YTD as of last close 

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))