Australia's Sea Forest rises on distribution deal with major beef exporter

Sea Forest

07/10/2026 01:04

** Shares of Australia's Sea Forest SEA.AX rise as much as 25.2% to A$1.96, logging their biggest intraday pct gain since January 2
** Stock hits its highest level since August 31
** Environmental technology firm signs distribution deal with Teys Australia - one of the country's leading beef exporters
** Co says deal targets at least 480,000 cattle heads by June 30, 2027
** SEA did not disclose any financial details of the deal
** Stock down nearly 25% YTD, including the day's move

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com))