NZ's Scott Technology jumps most in over 3 months on contract with Rio Tinto

Scott Technology

07/08/2020 02:30

** Shares of automation and robotics solutions provider
Scott Technology Ltd  SCT.NZ  jump as much as 11.8% to NZ$1.900,
in their biggest intraday pct gain since April 9
    ** Co says it has been awarded a contract by global miner
Rio Tinto  RIO.AX  to provide and commission equipment for a new
sample preparation and analysis laboratory at Robe Valley mine
site in Western Australia  urn:newsml:reuters.com:*:nFWN2F81O6
    ** Adds work has begun on development and planning for the 
new laboratory, which is expected to begin operation in June
2021 
    ** Stock hits highest level since May 20
    ** About 84,180 shares change hands, compared with the
30-day average vol of 31,669 shares 
    ** As of last close, stock down 22.4% this year 

 (Reporting by Shriya Ramakrishnan in Bengaluru)
 ((Shriya.Ramakrishnan@thomsonreuters.com;))