Australia's Rectifier Technologies jumps most in 9 months on $22 mln order

Rectifier Technologies

16/11/2022 01:10

** Shares of Rectifier Technologies Ltd  RFT.AX  jump as
much as 62.9% to A$0.057, biggest intraday pct gain since Feb 9 
    ** The power rectifier maker says received product purchase
orders from i-charging mobilidade elétrica SA totalling $22 mln
    ** Says order for a supply of a customised version of RT22
charger module
    ** Says orders are expected to be fulfiled before the end of
2023
    ** Shares touch highest since May 27
    ** Volumes are 58.5x the 30-day average of 337,546 shares 
    ** Stock has fallen 14.6% this year as of last close 
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))