Australia's RemSense Technologies soars on Shell contract win

RemSense Technologies

11/09/2025 01:38

** Shares of RemSense Technologies REM.AX rise as much as 48.7% to A$0.058, their highest level since June 17

** Stock logs largest intraday pct gains since late January

** Digital engineering solutions provider says the company has been awarded a contract by Shell Energy, a unit of London-listed oil and gas major Shell SHEL.L

** Says contract to deliver an advanced digital visualisation platform to support facility commissioning

** Adds contract valued at A$267,520 ($176,937.73)

** More than 1.7 million shares change hands, 6 times the 30-day avg volume

** Stock up 139.1% YTD, including the day's moves

($1 = 1.5119 Australian dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))