NZ's Scott Technology rises on contract award by Rio Tinto

Scott Technology

11/02/2020 01:31

** Shares of Scott Technology Ltd  SCT.NZ  rise as much as
4.8% to NZ$2.17, mark their biggest intraday gain since Feb. 4
    ** The software solutions firm says it was a awarded
multi-million dollar contract by iron ore miner Rio Tinto (https://bit.ly/38igAmz)
    ** SCT says the contract is to design and build automated
mine site laboratory for Koodaideri Iron Ore project, located in
Pilbara region of Western Australia
    ** Stock hits highest level since Jan. 29
    ** Over 130,000 shares change hands, compared with the
30-day average of more than 16,000 shares 
    ** Stock has fallen 5.5% this year, as of last close

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com;))