Australia's Swift Network hits 5-month high on securing contract renewals

Swift TV

22/03/2024 24:01

** Shares of Australia's Swift Network  SW1.AX  rise as much
as 5.9% to A$0.018, their highest level since Oct. 13
    ** Stock at its third consecutive week of gains
    ** The technology co secures A$2.0 mln ($1.31 mln) contract
renewals and upgrades
    ** Adds secured network infrastructure upgrades & room
expansions along with contract renewal
    ** Says contracts awarded by Australia's Pilbara Minerals
 PLS.AX , Shell, AngloGold Ashanti, among others
    ** Nearly 690,550 shares change hands as of 2348 GMT, vs
30-day average volume of 842,226 shares
    ** Stock up 13.3% YTD as of last close


($1 = 1.5223 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))