Australia's PPK Group jumps most in 11 yrs on unit's order win

PPK

03/05/2024 03:30

** Shares of PPK Group  PPK.AX  rise as much as 76.7% to
A$0.760, highest since Feb. 8
    ** Stock posts biggest intraday jump since Feb 2013
    ** Nanomaterials maker says 47.4%-owned Craig International
Ballistics (CIB) wins A$30 mln ($19.7 mln) order for body armour
from Australian government
    ** ~1.4 mln shares traded vs 30-day daily avg ~57,000
    ** Stock last up ~42%, cutting YTD losses to ~33%

($1 = 1.5202 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))