Australia's Synertec Corp advances on Shell contract win

Synertec

26/11/2025 24:29

** Shares of Synertec Corporation SOP.AX rise 25% to A$0.025, eyeing their strongest trading session since early May

** Stock hits highest level since November 4

** Technology and engineering firm says it has secured a contract from Shell QGC, an Australia-based unit of oil major Shell SHEL.L

** Contract to provide co's advanced renewable energy system Powerhouse for a coal seam gas well site in Surat Basin, Queensland

** No transactional details were provided

** Stock down 54.6% YTD, including the day's moves

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com))