Australia's Pointerra climbs on winning US energy department contract

Pointerra

28/06/2024 01:54

** Shares of Pointerra  3DP.AX  rise as much as 27.8% to
A$0.046, set for their best day since March 8 - if gains hold 
    ** 3D technology co says it has been awarded a $1.63 mln
contract by the U.S. Dept of Energy for a research and
development programme
    ** Says programme will use co technology to evaluate impacts
of various grid resilience investments under forecasted climate
change scenarios
    ** Shares hit their highest since April 17 
    ** Stock down ~18.2% this year, as of last close

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))