Australia's Sprintex jumps on securing $2.4 mln funding

Sprintex

10/04/2024 01:45

** Shares of Sprintex  SIX.AX  rise as much as 37.5% to
A$0.022, set for best day since June 5, 2023, if current gains
hold     
    ** Clean air compressor maker says it secured A$3.6 mln 
($2.39 mln) for expansion of production
    ** Says it received A$3 mln loan from substantial
shareholder China Automotive and A$0.6 mln from additional
lenders
    ** Stock hits its highest level since Oct. 6, 2023    
    ** About 1.9 mln shares change hands, compared with the
30-day average volume of 692,000
    ** SIX up 23.1% YTD, as of last close

($1 = 1.5083 Australian dollars)

 (Reporting by Adwitiya Srivastava in Bengaluru)
 ((Adwitiya.Srivastava@thomsonreuters.com;))