Australia's Scidev jumps most in 2 months on securing contract

Scidev

21/07/2023 02:24

** Shares of Scidev Ltd  SDV.AX  rise as much as 6.7% to
A$0.32, posting their biggest intraday jump since May 18
    ** Environmental solutions provider secures two-year
contract at Thunderbird Minerals Sands Project in Western
Australia    
    ** Says contract for supply of MaxiFlox chemistry, OptiFlox
equipment and technical services to the project 
    ** Says contract is expected to generate about A$7.0 mln
($4.73 mln) in sales over the initial period of the contract 
    ** Shares hit their highest level since July 12
    ** Stock down 20% YTD, as of last close 
    
($1 = 1.4793 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))