Australia's Titomic hits over 1-year high on Royal Netherlands Army order

Titomic

26/03/2024 24:47

** Shares of Titomic  TTT.AX  rise as much as 44.9% to
A$0.071, their highest level since Jan. 5, 2023
    ** Stock on track for best day since June 28, 2023, if gains
hold 
    ** Metal additive manufacturer receives its biggest ever
order from the land branch of the Royal Netherlands Army
    ** Says order comprises 10 units of co's D523 cold spray
systems for A$1.28 mln ($836,608.00) 
    ** Says delivery scheduled to commence in coming months
    ** Says co also engaging in commercial conversations with
various other armies and navies globally, including Australian
Defence Force
    ** About 19.2 mln shares change hands, compared with 30-day
average trading volume of 833,928 shares 
    ** Stock up ~14% this year, as of last close 
   
($1 = 1.5300 Australian dollars)

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