Australia's Netlinkz hits near 1-1/2-year high on A$10 mln loan

Securelink Networks

09/05/2022 05:25

** Shares of cloud networking solutions company  NET.AX 
rise as much as 10.2% to A$0.065, their highest since December
17, 2020
    ** NET says co director Grant Booker to provide loan
facility of up to A$10 mln ($7.01 mln) at an interest rate of
6.8% per annum  urn:newsml:reuters.com:*:nASXbJ8dNN
    ** Flexible funding solution to help co take advantage of
upcoming opportunities
    ** 16.3 mln shares change hands, compared with the 30-day
average volume of 9.9 mln shares
    ** Stock up nearly four folds this year, as of last close


($1 = 1.4276 Australian dollars)

 (Reporting by Anan Ashraf)
 ((Anan.Ashraf@thomsonreuters.com;))