Australia's RemSense Technologies rises on contract award

RemSense Technologies

06/10/2022 04:41

** Shares of RemSense Technologies Ltd  REM.AX  rise as much
as 11.4% to A$0.195 in their biggest intraday pct gain since
Sept 8
    ** Co says it received a contract from AGC Industries Pty
Ltd on behalf of Chevron Australia Pty Ltd 
    ** Says contract to undertake virtualplant scanning of
Chevron's Gorgon LNG Train 2
    ** Says contract value about A$50,000 ($32,695.00)
    ** Says work scheduled to be completed this calendar year 
    ** Shares touch their highest level since Sept 21
    ** More than 87,000 shares change hands vs the 30-day
average of 44,029 shares
    ** Stock had fallen 63.5% this year, as of last close 
($1 = 1.5293 Australian dollars)
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))