Australia's Swift Networks rises on contract wins with mining companies

Swift TV

08/03/2023 01:10

** Shares of Swift Networks Group Ltd  SW1.AX  rise as much
as 50% to A$0.015, set for their best day since Oct 17, if gains
hold 
    ** The technology co announces project wins worth A$2.06 mln
 ($1.36 mln) with companies within Australia's mining and
resources sector 
    ** Says co has been awarded project contracts with multiple
companies including OTOC, AngloGold Ashanti, Mineral Resources,
and Roy Hill 
    ** Under the new agreements, co will design and install
various network infrastructure and Wi-Fi infrastructure solution
    ** Co's shares hit highest since Jan 10
    ** About 920,060 shares change hand, compared with 30-day
average trading volume of 216,741 shares 
    ** Shares down 33.3% YTD, as of last close 
   
    ($1 = 1.5179 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))