Australia's Silex Systems extends 3-day rally on upbeat FY revenue

Silex Systems

23/08/2023 04:16

** Shares of Silex Systems  SLX.AX  jump ~3%, set to extend
a three-day winning streak
    ** Australian laser research and development firm says FY
revenue from ordinary activities more than doubled
    ** However, FY net loss attributable widened
    ** Stock hits its 50-day daily moving avg (DMA) for first
time since July 31, although it is trading slightly below
currently
    ** Stock last at A$3.60, less than 2% away from its 100- and
200-DMAs
    ** SLX has surged over 19% in 4-day rally, flipping it back
into gains (of 12.5% currently) this year

 (Reporting by Aishwarya Nair in Bengaluru)
 ((Aishwarya.Nair@thomsonreuters.com; +91-9167838937 Twitter: https://twitter.com/Aishwaryartrs
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