Australia's Sensen Networks climbs to 11-month high after contract win

Sensen Networks

12/09/2024 03:34

** Shares of Sensen Networks  SNS.AX  rise as much as 50% to
A$0.051, their highest levels since Oct 2, 2023
    ** The artificial intelligence (AI) solutions provider says
it has won a five-year contract for supply of mobile and fixed
camera technology in The City of Calgary, Canada
    ** Co says total value of the contract is A$4.6 mln ($3.07
mln)
    ** Stock marks its biggest intraday percentage gain since
July 15, if current gains hold
    ** Stock has risen over 46% so far this year, as of 0222 GMT

   ($1 = 1.4986 Australian dollars)

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