Australia's Rectifier Technologies near 2-yr high on product purchase orders

Rectifier Technologies

14/06/2018 06:31

** Rectifier Technologies Ltd  RFT.AX  surges over two-fold
to A$0.047, its highest since October 24, 2016
    ** The power rectifier maker says it received product
purchase orders worth $5 mln from Tritium Pty Ltd  urn:newsml:reuters.com:*:nFWN1TG005
    ** Stock, which was on a trading halt since June 12 pending
announcement of purchase orders, posts biggest intraday
percentage gain in nearly two years  urn:newsml:reuters.com:*:nFWN1TD0PM
    ** More than 14.4 mln shares change hands, compared with the
30-day average of 485,837 shares

 
    

 ((Reuters Messaging:
nicole.pinto.thomsonreuters.com@reuters.net))