Australia's Spectur rises to 1-1/2-month high on premium placement

Spectur

23/10/2025 03:56

** Shares of Spectur Ltd SP3.AX rise as much as 17.2% to A$0.034, their biggest intraday pct gain since September 10

** Stock marks its highest level since September 15

** The security solutions provider says firm commitments received to raise A$2.3 million ($1.49 million) at an issue price of A$0.03 per share

** Issue price represents a 3.4% premium to stock's last close

** Funds will be used to accelerate rollout of new AI Cloud Platform

** About 2.9 million shares traded, 7.1x the 30-day average

** YTD, stock up 106.7%

($1 = 1.5389 Australian dollars)

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))